Relevansi Nilai Earnings Dengan Pendekatan Terintegrasi: Hubungan Nonlinier  

Oleh:

Rahmawati

Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI
Dalam koleksi: Jurnal Akuntansi & Auditing Indonesia vol. 9 no. 1 (Jun. 2005), page 57.
Topik: Earnings; Stock Return; Non-Linear; Value Relevance

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: AA70.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

The purpose of this research is to identify nonlinear relationship between earnings and stock return, The research provides an empirical examination of value relevance of earnings used by investors in decision making, stressing on return model. This research uses 41 manufacturing firms listed in Jakarta Stock Exchanges, which are selected by using purposive sampling method. Those selected firms announced their financial statement during 1998 until 2002. The hypothesis is tested by NLS (Non Linear Least Square) regression model. Based on the result of the research, it can be concluded that earnings information begin to lose their value relevance, so the investors is suggested to use another information, such as cash flow in decision making of investment,

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