PENGARUH KUALITAS AKRUAL DAN RISIKO PASAR TERHADAP SINKRONITAS HARGA SAHAM

Abstract

This study aims to empirically examine the relationship between accrual quality in the form of Non-discretionary Accruals and Discretionary Accruals and market risk as company-specific information on stock price synchrony. The research was conducted on the property and real estate sectors listed on the Indonesia Stock Exchange during 2017-2021. The data sampling method used is purposive sampling method using certain criteria, as well as testing the hypothesis in this study using multiple regression analysis. The results of the study show that non-discretionary accruals and discretionary accruals has no significant effect on the synchronicity of stock prices; Meanwhile, Market Risk has significant effect on affects the synchronicity of stock prices. This is due to the research results of the Non-discretionary Accrual and Discretionary Accrual variables that do not have a significant effect on the synchronicity of stock prices. Conversely, the market risk variable has a significant effect on stock price synchronization.

Keywords: Accrual Quality; Non-discretionary Accrual; Discretionary Accrual; Market Risk; Stock Price Synchronization.