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

Nurul Aisyah Rachmawati, Sidharta Utama, Sylvia Veronica Nalurita Purnama Siregar
2020 Jurnal Akuntansi dan Bisnis  
A B S T R A C T 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
more » ... on 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.
doi:10.20961/jab.v20i1.491 fatcat:p4ckb4puubctjf7nbfqzpdiuxe