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Hubungan fungsional antara pendapatan dan arus kas serta pengaruh ukuran perusahaan terhadap return saham manufaktur di BEJ
The relation between stock returns, earnings and cashflows is of importance because it directly addresses the issue of whether accounting data provide value relevant information. The empirical evidence to date, however, has documented low explanatory power for earnings and inconclusive incremental information content for cashflows. That differences in firm characteristics may give rise to different functional relations between earnings and cashflow variables. Cashflows provide little incremental information content for small firms, but provide comparatively greater information for large firms. Earnings for large firms are delineated from cashflows by income smoothing which acts as a signal of income permanence. In contrast, earnings for small firms have a larger proportion of temporary components, but so too does cashflows. Hence, They essentially provide a similar financial signal.The result of research shows there is significant relation between earnings, cashflows and return stock for large firms. For small firms, there is no significant relation between earnings, cashflows and return stock. It shows Indonesian Capital market is not efficient (weak form efficient) .
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| MA 0365 | PSB lt.dasar - Pascasarjana | 1 |
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