文章基本信息

标题：Earnings and Cash Flow Information on Its Value Relevance by The Book Value
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作者：Andy Dwi Bayu Bawono ; Mila Ramadhanti ; Lintang Kurniawati 等
期刊名称：Riset Akuntansi dan Keuangan Indonesia
电子版ISSN：2541-6111
出版年度：2020
卷号：5
期号：1
页码：46-53
DOI：10.23917/reaksi.v5i1.10679
语种：English
出版社：Muhammadiyah University Press
摘要：This study aims to examine the relationship of earnings and operating cash flow as an independent variable on the value relevance of accounting information proxied by stock returns by using book value as a moderating variable.The utilization of stock returns as an independent variable was selected as previous research on value relevance that tends to use stock prices as an independent variable.The sample of this study was all population of companies registered on the Jakarta Islamic Index (JII) in 2016-2018,JuneNovember period (issued from June 1st),by using saturation sampling.The data used in this study was compound from annual reports in the Indonesia Stock Exchange (IDX) and stock prices from Yahoo Finance.Further,data were tested using multiple linear regression analysis.The results showed that earnings and cash flow affect value relevance proxied by stock returns.However,book value neither strengthens nor weakens earnings and cash flow towards stock returns as a moderating variable.
关键词：Earnings;Operation Cash Flow;Stock Return;Value Relevance;Jakarta Islamic Index