Relevansi Nilai Informasi Akuntansi Dengan Pendekatan Terintegrasi : Hubungan Nonlinier (Komponen Arus Kas, Earnings, Akrual, Return Saham)  

Oleh:

Rahmawati

Jenis: Article from Journal - ilmiah internasional - terdaftar di DIKTI
Dalam koleksi: The Indonesian Journal of Accounting Research (Jurnal Riset Akuntansi Indonesia) vol. 9 no. 2 (Mei 2006), page 136-156.
Topik: Akuntansi; earnings; komponen arus kas; akrual; return saham

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: RR17.5 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

The purpose of this study are to examine whether : 1. there is a nonlinerarity relationship between earhings and stock return 2. earnings / price ratio moderates the relationship between cash flow and stock return, and 3. there is a nonlinearity relationship between accrual and stock return To test the hypotheses this study employs NLS (Nonlinier Least Square) regresion analysis with 41 manufacturing companies listed in the Jakarta Stock Exchange (JSX) as samples. The results indicate that the values relevance of unexpected earnings decreases from year to year. On the other hand, the value relevance of cash flow components provide better explanation power when they are broken into operating cash flow, investing cash flow and financing cash flow. The findings are consistent with Hodgson and Clarke (1998) study.

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