Pengaruh Kualitas Pengungkapan Informasi Terhadap Volume Perdagangan Saham Dan Return Saham Studi Empiris Pada Perusahaan LQ-45 Di BEI

Maristiana Ayu (Universitas Sang Bumi Ruwa Jurai B. Lampung)

Jurnal Akuntansi dan Keuangan
Vol 4, No 2 (2013): September

The influence of disclosure and time accuracy value is as an indicator to determine information expression quality degree. The completement of disclosure which has a high index and time accuracy is faster after auditing. Its give an instruction to the investors, that is a quality information. It will influence share trade volume and share return. The purpose of this research is to exam the quality of information expression toward share -trade volume and share- return at LQ-45 Company in Global Crisis Context since 2008 until 2011. The researcher conducts the supervision about the circulation of share for 10 days: 5 days before and 5 days after the expression. To analysys data in this research uses Multiple Linear Regresion Analysis Into two regression model to know the influence of Information expression quality toward share-trade volume and share-return.The result of this reearch indicates that statistically expression quality which is seen by disclosure fulfilment and time accuracy of monetary report has a siqnificant influence < 0,05 toward share-trade volume and share-return. Disclosure fulfilment influence positively toward share-trade volume. Seeing on time accuracy, expression quality which influence share-return has a siqnificant influence. On the other hand disclosure fulfilment has a negative influence toward share-return. All result indicate that information expression quality which is shown in annual report is not an important information in giving a good signal to take a decision for investors to invest, especially in global crisis context.