Persistensi Laba Antar Level Kompetisi Industri: Studi Empiris pada Perusahaan Amerika Serikat

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Abstract

The purpose of this study is to analyze the effect of industry competition level on
earnings persistence components. This study used panel data of listed companies that
have common shares listed on one of the three major US stock exchanges (NYSE,
AMEX, or NASDAQ) and a GICS code during the period 2012-2014. This study hypothesized that industry-wide earnings in the low-competition industries are more
persistent than industry-wide earnings in the high-competition industries. The results
provide evidence which is consistent with the hypothesis. Finally, I hypothesized and
found that industry-wide cashflows in the low-competition industries are the most
persistent component of earnings, while firm-specific accruals in the high-competition
industries is the least persistent.
Original languageEnglish
JournalJurnal Akuntansi dan Bisnis
Publication statusPublished - 2020

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