Earnings management still become a phenomenon both in Indonesia and abroad. Many cases of earnings practices have occurred the company's amount leverage is one drivers practices. This research aims to examine describe relationship between various debt policy, profitability, company size on earning moderated by firm age. The selected samples were 102 companies listed Stock Exchange (IDX) 2010-20...

Our model shows that the discovery of an anomaly reduces its magnitude, regardless of whether the anomaly is due to risk or mispricing. After the discovery, the return from the anomaly becomes more correlated with the returns from other existing anomalies. While riskand mispricing-based anomalies have similar implications for asset prices, they have sharply different implications on investors’ ...

This study aims to determine the effect of partially and simultaneously variables namely Return On Assets (ROA), Equity (ROE), Net Profit Margin (NPM) Quick Ratio (QR) on stock returns. type research is quantitative with secondary data in form financial statements (financial statements) energy sector companies listed Indonesia Stock Exchange (IDX) 2019 – 2020. has result that variable a signifi...

The Role of Learning in Dynamic Portfolio Decisions This paper analyzes the effect of uncertainty about the mean return on the risky asset on the portfolio decisions of an investor who has a long investment horizon. Building on the earlier work of Detemple (1986), Dothan and Feldman (1986), and Gennotte (1986), it is shown that the possibility of future learning about the mean return on the ris...

This paper empirically examines the relation between the expected stock return and the bid-ask spread. Using the same portfolio formation method as in Amihud and Mendelson (1986) but different test methodologies, we do not find any clear reliable relation between the CAPM risk-adjusted return and the relative bid-ask spread. Our empirical results are more consistent with the conclusions of Cons...