PENGARUH VOLUNTARY DISCLOSURE DAN REAKSI PASAR MODAL TERHADAP AUDIT VERIFICATION

Abstract

The study aims to examine the influence of voluntary disclosure and stock market reaction on audit verification. Horizon, specificity, accuracy, abnormal return, and abnormal volume used as proxies of independent variable. The population in this study consists of all listed firms in Indonesia Stock Exchange in year 2009-2012. Purposive sampling was used as the sampling method. A criterion for firm is a company which publishes an income forecasts in prospectus and annual report in a year ended then by erasing companies with some datas unavailable, the samples consists of 84 companies. There are 23 samples which are out of criterion should be excluded from samples of observation. So, the final amounts of the sample are 61 firms. Multivariate regression used to be analysis technique. The empirical result of this study shows that proxies for voluntary disclosure have positively significant influenced on audit verification. For stock market reaction proxies only abnormal return has positively significant on audit verification, yet abnormal return has no significant influence