Perbandingan Pengaruh Laba dan Value Added pada Return Saham

Perbandingan Pengaruh Laba dan Value Added pada Return Saham

The information of value added is considered to be a better company performance measure and has better association on stock returns compared to earning information that is often used. This study aims to compare the relative information content of earnings and value added in explaining stock returns....

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Main Authors: Gentha Putri Wardana, Dewa Gede Wirama
Format: Article
Language:Indonesian
Published: Universitas Udayana 2019-05-01
Series:E-Jurnal Akuntansi
Online Access:https://ojs.unud.ac.id/index.php/Akuntansi/article/view/46017
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spelling doaj-1dda50579a9b4cecad1dc28f7a7606062020-11-25T00:12:29ZindUniversitas UdayanaE-Jurnal Akuntansi2302-85562019-05-011038106210.24843/EJA.2019.v27.i02.p0846017Perbandingan Pengaruh Laba dan Value Added pada Return SahamGentha Putri WardanaDewa Gede WiramaThe information of value added is considered to be a better company performance measure and has better association on stock returns compared to earning information that is often used. This study aims to compare the relative information content of earnings and value added in explaining stock returns. This research conducted on all companies listed on the Indonesia Stock Exchange in 2013-2017. 308 samples were taken using random sampling method. The data analysis technique was simple linear regression. It was found that EVA and FVA as proxies of value added outperformed earnings. EVA is also found to be more associated with stock returns compared to FVA. The theoretical implication is in addition to references to further research regarding company performance measurement and stock returns. The practical implications is a matter of consideration for investors to make investment decisions and reference for corporate in financial decision making according to preferences of shareholders. Keywords: Earning, economic value added, financial value added, stock return, relative information contenthttps://ojs.unud.ac.id/index.php/Akuntansi/article/view/46017
collection DOAJ
language Indonesian
format Article
sources DOAJ
author Gentha Putri Wardana
Dewa Gede Wirama
spellingShingle Gentha Putri Wardana
Dewa Gede Wirama
Perbandingan Pengaruh Laba dan Value Added pada Return Saham
E-Jurnal Akuntansi
author_facet Gentha Putri Wardana
Dewa Gede Wirama
author_sort Gentha Putri Wardana
title Perbandingan Pengaruh Laba dan Value Added pada Return Saham
title_short Perbandingan Pengaruh Laba dan Value Added pada Return Saham
title_full Perbandingan Pengaruh Laba dan Value Added pada Return Saham
title_fullStr Perbandingan Pengaruh Laba dan Value Added pada Return Saham
title_full_unstemmed Perbandingan Pengaruh Laba dan Value Added pada Return Saham
title_sort perbandingan pengaruh laba dan value added pada return saham
publisher Universitas Udayana
series E-Jurnal Akuntansi
issn 2302-8556
publishDate 2019-05-01
description The information of value added is considered to be a better company performance measure and has better association on stock returns compared to earning information that is often used. This study aims to compare the relative information content of earnings and value added in explaining stock returns. This research conducted on all companies listed on the Indonesia Stock Exchange in 2013-2017. 308 samples were taken using random sampling method. The data analysis technique was simple linear regression. It was found that EVA and FVA as proxies of value added outperformed earnings. EVA is also found to be more associated with stock returns compared to FVA. The theoretical implication is in addition to references to further research regarding company performance measurement and stock returns. The practical implications is a matter of consideration for investors to make investment decisions and reference for corporate in financial decision making according to preferences of shareholders. Keywords: Earning, economic value added, financial value added, stock return, relative information content
url https://ojs.unud.ac.id/index.php/Akuntansi/article/view/46017
work_keys_str_mv AT genthaputriwardana perbandinganpengaruhlabadanvalueaddedpadareturnsaham
AT dewagedewirama perbandinganpengaruhlabadanvalueaddedpadareturnsaham
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