The Effect of Managerial Ability and Tone of Earnings Announcements towards Market Reactions


  • Zaenal Fanani Acounting Department, Economic and Business Faculty, Universitas Airlangga, Jl. Airlangga No.4, Surabaya
  • Zakiyyah Riris Merbaka Acounting Department, Economic and Business Faculty, Universitas Airlangga, Jl. Airlangga No.4, Surabaya



Managerial Ability, Tone of Earnings Announcement, Market reaction


This study aims to examine and analyse the effect of Managerial Ability, Tone of Earnings Announcements, and Market Reactions. Using Return on Asset and Firm Size as control variables. In this study population taken is manufacturing companies that are listed on the Indonesia Stock Exchange during the year 2015-2016. Based on the population criteria set, the sampling method is purposive sampling. The sa

Author Biography

Zaenal Fanani, Acounting Department, Economic and Business Faculty, Universitas Airlangga, Jl. Airlangga No.4, Surabaya

Departemen Akuntasi Fakultas Ekonomi dan Bisnis Universitas Airlangga


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