Sholihah, HimmaPutri (2013) The Value-Relevance Analysis Of Earnings And Book Value On Stock Price: An Empirical Test Of Moderating Role Of Earnings Management. Sarjana thesis, Universitas Brawijaya.
Abstract
Laba dan nilai buku biasanya digunakan sebagai dasar untuk menentukan nilai suatu perusahaan. Realibilitas laba dan nilai buku yang dipengaruhi oleh manajemen laba berkemungkinan mempengaruhi relevansi dua informasi ini dalam menentukan nilai suatu perusahaan. Penelitian ini menginvestigasi hubungan antara manajemen laba dan nilai perusahaan dengan mengevaluasi efek moderasi manajemen laba terhadap pengaruh laba dan nilai buku pada harga saham. Penelitian ini mengestimasi akrual diskresioner dengan menggunakan Modified Jones Model dengan ROA (Kothari, Leone dan Wasley 2005) sebagai proksi manajemen laba. Populasi dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2009-2011. Sampel dipilih menggunakan metode Judgment Sampling. Dari proses pemilihan sampel, diperoleh 108 perusahaan yang terindikasi manajemen laba (diskresionari akrual paling besar) dan 108 perusahaan yang tidak terindikasi manajemen laba (diskresionari akrual paling kecil). Hasil pengujian hipothesis menunjukkan bahwa manajemen laba tidak mempengaruhi pengaruh laba dan nilai buku terhadap harga saham. Hubungan antara integritas informasi akuntansi dan kegunaannya untuk pelaku pasar mendukung perlunya regulasi berkelanjutan dan kebijakan manajemen serta program pendidikan untuk meningkatkan integritas proses pelaporan keuangan.
English Abstract
Earnings and book value are commonly used as the basis for firm valuation. However, the reliability of accounting informations which is affected by earnings management may affect accounting informations’ relevance in determining firm value. This thesis investigates the link between earnings management and firm valuation by assessing the moderating influence of earnings management toward the effect of earnings and book value on stock price. This study estimates discretionary accruals using the Modified Jones Model with ROA (Kothari, Leone and Wasley, 2005) as earning management proxy. The population in this research is manufacturing companies listed on Indonesia Stock Exchange 2009-2011 period. Samples are selected using Judgment Sampling Method. From samples selection, 108 indicated earnings management firms (highest discretionary accruals) and 108 non-indicated earnings management firms (lowest discretionary accruals) are obtained. Hypothesis test result shows that earnings management has no impact on the relationship either between earnings and stock price or book value and stock price. This link between the integrity of accounting information and its usefulness to market participants supports the need for ongoing regulatory activity and management policy as well as educational program to improve the integrity of financial reporting process.
| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | SKR/FE/2013/99/051302990 |
| Subjects: | 600 Technology (Applied sciences) > 657 Accounting |
| Divisions: | Fakultas Ekonomi dan Bisnis > Akuntansi |
| Depositing User: | Endang Susworini |
| Date Deposited: | 20 May 2013 10:32 |
| Last Modified: | 18 Oct 2021 13:05 |
| URI: | http://repository.ub.ac.id/id/eprint/107100 |
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