Value Relevance of Accounting Information Repository

Value Relevance of Accounting Information

Zahroh Naimah, Dr.,SE.,MSi.,Ak (2012) Value Relevance of Accounting Information. In: Airlangga Accounting International Conference & Doctoral Colloquium 2012, 28-29 Juni 2012, Bali International Convention Center (BICC) Indonesia.

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Abstract

The objective of this study is to test the value relevance of accounting information contained in financial statements of firms listed in lndonesia Stock Exchange. The method used in this study is multiple regression method that relate the accounting information variables to price variable or market value of equity which consists off our associations {earnings association, balance sheet association, book value of equity and earnings association, and cash flow association). The results showed that earnings are significantly positive affect stock prices, but the book value of equity does not significantly affect stock prices. The book value of assets is significantly positive affect stock prices and the book value of liabilities is significantly negative affect stock prices. Operating cash flows are significantly positive affect stock prices, but the accrual component does not significantly affect stock prices.

Item Type:

Conference or Workshop Item (Paper)

Uncontrolled Keywords:

value relevance, earnings, book value of equity, cash flows

Subjects:

H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HG Finance > HG4501-6051 Investment, capital formation, speculation > HG4551-4598 Stock exchanges
Q Science > Q Science (General) > Q350-390 Information Theory

Divisions:

04. Fakultas Ekonomi dan Bisnis > Akuntansi

Creators: