{"id":"https://openalex.org/W7225326869","doi":"https://doi.org/10.35912/gaar.v5.n1.p77-97.2026","title":"Effect of Interim Earnings and Cash Flows on Abnormal Stock Returns of Technology Sector Companies","display_name":"Effect of Interim Earnings and Cash Flows on Abnormal Stock Returns of Technology Sector Companies","publication_year":2026,"publication_date":"2026-11-05","ids":{"openalex":"https://openalex.org/W7225326869","doi":"https://doi.org/10.35912/gaar.v5.n1.p77-97.2026"},"language":"en","primary_location":{"id":"doi:10.35912/gaar.v5.n1.p77-97.2026","doi":"https://doi.org/10.35912/gaar.v5.n1.p77-97.2026","is_oa":true,"landing_page_url":"https://doi.org/10.35912/gaar.v5.n1.p77-97.2026","pdf_url":"https://journals.goodwoodpub.com/index.php/gaar/article/download/7731/2742","source":{"id":"https://openalex.org/S4387285416","display_name":"Goodwood Akuntansi dan Auditing Reviu","issn_l":"2964-0652","issn":["2964-0652"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Goodwood Akuntansi dan Auditing Reviu","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://journals.goodwoodpub.com/index.php/gaar/article/download/7731/2742","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5160916389","display_name":"Alinvia Putri Ramadani","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Alinvia Putri Ramadani","raw_affiliation_strings":["Politeknik Negeri Lampung, Bandar Lampung, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Politeknik Negeri Lampung, Bandar Lampung, Indonesia","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5049191226","display_name":"Rusmianto Rusmianto","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Rusmianto Rusmianto","raw_affiliation_strings":["Politeknik Negeri Lampung, Bandar Lampung, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Politeknik Negeri Lampung, Bandar Lampung, Indonesia","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5062813570","display_name":"Depita Anggraini","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Depita Anggraini","raw_affiliation_strings":["Politeknik Negeri Lampung, Bandar Lampung, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Politeknik Negeri Lampung, Bandar Lampung, Indonesia","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5057181478","display_name":"Anita Kusuma Dewi","orcid":"https://orcid.org/0000-0003-0295-7220","observed_orcids":["https://orcid.org/0000-0003-0295-7220"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Anita Kusuma Dewi","raw_affiliation_strings":["Politeknik Negeri Lampung, Bandar Lampung, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Politeknik Negeri Lampung, Bandar Lampung, Indonesia","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"5","issue":"1","first_page":"77","last_page":"97"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.6309000253677368,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.6309000253677368,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.33500000834465027,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.007699999958276749,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/abnormal-returns","display_name":"abnormal returns","score":0.8149999976158142},{"id":"https://openalex.org/keywords/operating-cash-flow","display_name":"operating cash flow","score":0.921999990940094},{"id":"https://openalex.org/keywords/investing-cash-flow","display_name":"investing cash flow","score":0.9980000257492065},{"id":"https://openalex.org/keywords/financing-cash-flow","display_name":"financing cash flow","score":1.0},{"id":"https://openalex.org/keywords/technology-companies","display_name":"technology companies","score":0.8939999938011169},{"id":"https://openalex.org/keywords/signaling-theory","display_name":"signaling theory","score":0.7590000033378601},{"id":"https://openalex.org/keywords/quarterly-financial-reporting","display_name":"quarterly financial reporting","score":0.6370000243186951},{"id":"https://openalex.org/keywords/indonesia-stock-exchange","display_name":"Indonesia Stock Exchange","score":0.9570000171661377}],"concepts":[{"id":"https://openalex.org/C166819830","wikidata":"https://www.wikidata.org/wiki/Q2025903","display_name":"Operating cash flow","level":3,"score":0.6870999932289124},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.6618000268936157},{"id":"https://openalex.org/C2776957806","wikidata":"https://www.wikidata.org/wiki/Q4895105","display_name":"Interim","level":2,"score":0.517799973487854},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.515500009059906},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4903999865055084},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.4684999883174896},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4657999873161316},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.42320001125335693},{"id":"https://openalex.org/C2780334105","wikidata":"https://www.wikidata.org/wiki/Q9297784","display_name":"Free cash flow","level":3,"score":0.4025000035762787},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.3776000142097473},{"id":"https://openalex.org/C128044525","wikidata":"https://www.wikidata.org/wiki/Q1682806","display_name":"Cash flow forecasting","level":3,"score":0.3564999997615814},{"id":"https://openalex.org/C97366136","wikidata":"https://www.wikidata.org/wiki/Q460184","display_name":"Cash flow statement","level":3,"score":0.3353999853134155},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.335099995136261},{"id":"https://openalex.org/C87007009","wikidata":"https://www.wikidata.org/wiki/Q210832","display_name":"Statistical hypothesis testing","level":2,"score":0.32589998841285706},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.32269999384880066},{"id":"https://openalex.org/C79337645","wikidata":"https://www.wikidata.org/wiki/Q779824","display_name":"Outlier","level":2,"score":0.3156999945640564},{"id":"https://openalex.org/C100363876","wikidata":"https://www.wikidata.org/wiki/Q690661","display_name":"Nonprobability sampling","level":3,"score":0.3084000051021576},{"id":"https://openalex.org/C27574286","wikidata":"https://www.wikidata.org/wiki/Q320723","display_name":"Variables","level":2,"score":0.30820000171661377},{"id":"https://openalex.org/C190775180","wikidata":"https://www.wikidata.org/wiki/Q5326946","display_name":"Earnings response coefficient","level":3,"score":0.30489999055862427},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.30329999327659607},{"id":"https://openalex.org/C101104100","wikidata":"https://www.wikidata.org/wiki/Q1063540","display_name":"Heteroscedasticity","level":2,"score":0.30250000953674316},{"id":"https://openalex.org/C138262166","wikidata":"https://www.wikidata.org/wiki/Q570938","display_name":"Net income","level":2,"score":0.2955000102519989},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.2903999984264374},{"id":"https://openalex.org/C76087492","wikidata":"https://www.wikidata.org/wiki/Q1047352","display_name":"Cash management","level":3,"score":0.28839999437332153},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.28459998965263367},{"id":"https://openalex.org/C2778083465","wikidata":"https://www.wikidata.org/wiki/Q693464","display_name":"Cash","level":2,"score":0.2793999910354614},{"id":"https://openalex.org/C184454666","wikidata":"https://www.wikidata.org/wiki/Q140830","display_name":"Cash and cash equivalents","level":4,"score":0.2653000056743622},{"id":"https://openalex.org/C2781009383","wikidata":"https://www.wikidata.org/wiki/Q15995636","display_name":"Earnings management","level":3,"score":0.2651999890804291},{"id":"https://openalex.org/C129824826","wikidata":"https://www.wikidata.org/wiki/Q2630107","display_name":"Granger causality","level":2,"score":0.25940001010894775},{"id":"https://openalex.org/C206217203","wikidata":"https://www.wikidata.org/wiki/Q1134378","display_name":"Earnings per share","level":3,"score":0.2531999945640564}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.35912/gaar.v5.n1.p77-97.2026","doi":"https://doi.org/10.35912/gaar.v5.n1.p77-97.2026","is_oa":true,"landing_page_url":"https://doi.org/10.35912/gaar.v5.n1.p77-97.2026","pdf_url":"https://journals.goodwoodpub.com/index.php/gaar/article/download/7731/2742","source":{"id":"https://openalex.org/S4387285416","display_name":"Goodwood Akuntansi dan Auditing Reviu","issn_l":"2964-0652","issn":["2964-0652"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Goodwood Akuntansi dan Auditing Reviu","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.35912/gaar.v5.n1.p77-97.2026","doi":"https://doi.org/10.35912/gaar.v5.n1.p77-97.2026","is_oa":true,"landing_page_url":"https://doi.org/10.35912/gaar.v5.n1.p77-97.2026","pdf_url":"https://journals.goodwoodpub.com/index.php/gaar/article/download/7731/2742","source":{"id":"https://openalex.org/S4387285416","display_name":"Goodwood Akuntansi dan Auditing Reviu","issn_l":"2964-0652","issn":["2964-0652"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Goodwood Akuntansi dan Auditing Reviu","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7225326869.pdf","grobid_xml":"https://content.openalex.org/works/W7225326869.grobid-xml"},"referenced_works_count":24,"referenced_works":["https://openalex.org/W2908388880","https://openalex.org/W2955195619","https://openalex.org/W3113332536","https://openalex.org/W3121699570","https://openalex.org/W3140085730","https://openalex.org/W4226340533","https://openalex.org/W4285670222","https://openalex.org/W4380990439","https://openalex.org/W4382753228","https://openalex.org/W4386516489","https://openalex.org/W4388527417","https://openalex.org/W4403108718","https://openalex.org/W4404909120","https://openalex.org/W4406688078","https://openalex.org/W4415719917","https://openalex.org/W7160848640","https://openalex.org/W7165331916","https://openalex.org/W7203671722","https://openalex.org/W7203693597","https://openalex.org/W7203987137","https://openalex.org/W7213285928","https://openalex.org/W7213292459","https://openalex.org/W7213417984","https://openalex.org/W7213431529"],"related_works":["https://openalex.org/W2205188032","https://openalex.org/W2572007615","https://openalex.org/W2039697335","https://openalex.org/W2914928013","https://openalex.org/W7056333830","https://openalex.org/W1028293046","https://openalex.org/W1274188794","https://openalex.org/W1519856389","https://openalex.org/W3004141705","https://openalex.org/W2950695980"],"abstract_inverted_index":{"Purpose:":[0],"This":[1,41,220],"study":[2,43,199,221],"aims":[3],"to":[4,194,225,235],"analyze":[5],"the":[6,31,48,73,85,100,103,106,144],"effect":[7],"of":[8,25,116],"interim":[9,110,188,226],"earnings,":[10],"operating":[11],"cash":[12,15,19,122,128,136],"flow,":[13,16],"investing":[14,127],"and":[17,47,64,102,134,168,182,213],"financing":[18,135],"flow":[20,123,129,137],"on":[21,30,179],"abnormal":[22,236],"stock":[23],"returns":[24],"technology":[26,202],"sector":[27],"companies":[28,55],"listed":[29],"Indonesia":[32,37],"Stock":[33],"Exchange":[34],"Bursa":[35],"Efek":[36],"(BEI)":[38],"in":[39],"2022-2025.Methodology:":[40],"quantitative":[42],"uses":[44],"secondary":[45],"data":[46,190],"documentation":[49],"method.":[50],"Purposive":[51],"sampling":[52],"yielded":[53],"14":[54,201],"with":[56],"168":[57],"observations":[58,70,207],"from":[59],"Quarter":[60,62,65],"I,":[61],"II,":[63],"III.":[66],"After":[67],"68":[68,206],"outlier":[69,180],"were":[71,79],"excluded,":[72],"analysis":[74],"used":[75],"100":[76],"observations.":[77],"Data":[78],"processed":[80],"using":[81],"Statistical":[82],"Package":[83],"for":[84],"Social":[86],"Sciences":[87],"(SPSS)":[88],"version":[89],"26":[90],"through":[91],"descriptive":[92],"statistics,":[93],"classical":[94],"assumption":[95],"tests,":[96],"multiple":[97],"linear":[98],"regression,":[99],"t-test,":[101],"F-test.Results:":[104],"In":[105],"100-observation":[107],"screened":[108],"sample,":[109],"earnings":[111,176,209,230],"have":[112,191,241],"a":[113],"negative":[114,175],"coefficient":[115],"-0.002":[117],"(p":[118,124,138],"=":[119,125,132,139,159,162],"0.030).":[120],"Operating":[121],"0.095),":[126],"(reported":[130],"p":[131,161],"0.050),":[133],"0.111)":[140],"do":[141],"not":[142,154,184],"meet":[143],"study's":[145],"5%":[146,157],"significance":[147],"criterion.":[148],"The":[149,174,198],"joint":[150],"test":[151],"is":[152,166,172],"also":[153],"significant":[155],"at":[156],"(F":[158],"2.456;":[160],"0.051).":[163],"R":[164,170],"Square":[165,171],"0.094":[167],"Adjusted":[169],"0.056.Conclusions:":[173],"association":[177],"depends":[178],"treatment":[181],"does":[183],"imply":[185],"causality,":[186],"while":[187,211,238],"accounting":[189,239],"limited":[192,242],"power":[193],"explain":[195],"market":[196],"reactionsLimitations:":[197],"covers":[200],"firms":[203],"(2022\u20132025).":[204],"Excluding":[205],"affects":[208],"inference,":[210],"heteroscedasticity":[212],"inconclusive":[214],"autocorrelation":[215],"tests":[216],"limit":[217],"regression":[218],"reliability.Contributions:":[219],"extends":[222],"signaling":[223],"theory":[224],"reporting,":[227],"showing":[228],"that":[229],"signals":[231],"may":[232],"negatively":[233],"relate":[234],"returns,":[237],"variables":[240],"explanatory":[243],"power.":[244]},"counts_by_year":[],"updated_date":"2026-11-09T13:22:03.289127","created_date":"2026-11-06T00:00:00"}