Tingkat Laba dan Perubahan Laba: Manakah yang Lebih Relevan?

Maria Prabani Putri Galuh Puspita

Abstract


This study aims to examine the relevance of information from earnings levels and earnings changes and compare the relevance of information between earnings levels and earnings changes. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2014-2017. The sample selection uses a purposive sampling method. The sample used in this study amounted to 126 manufacturing companies listed on the Stock Exchange in 2014-2017. The analytical method used is simple linear regression. The results of the study show that earnings levels have a negative effect on stock returns, earnings changes have a positive effect on stock returns, earnings changes have an influence on stock returns that are stronger than earnings levels.

 

DOI: https://doi.org/10.26905/afr.v2i2.3091


References


Adhani, Y. S., & Subroto, B. (2013). Relevansi Nilai Informasi Akuntansi. Jurnal Ilmiah Mahasiswa FEB Universitas Brawijaya, 2 (2).

Agustina, & Silvia. (2012). Pengaruh Rasio Keuangan Terhadap Perubahan Laba pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Jurnal Wira Ekonomi Mikroskil, 2 (2): 113-122.

Ananda,F. A., (2018). Struktur Modal, Kinerja Perusahaan dan Altman Z-Score Pengaruhnya Terhadap Ekspektasi Investor. Accounting and Financial Review, 1 (1): 9-16.

Andari, A. T. (2017). Analisis Perbedaan Kualitas Akrual dan Persistensi Laba Sebelum dan Sesudah Konvergensi IFRS. Jurnal Kajian Akuntansi, 1 (2): 133-147.

Bali, T. G., Demirtas, K. O., & Tehranian, H. (2008). Aggregate Earnings, Firm-Level Earnings, and Expected Stock Returns. The Journal of Financial and Quantitative Analysis, 43(3): 657-684.

Ball, R., Kothari, S. P., & Watts, R. L. (1993). Eco-nomic Determinants of the Relation between Earnings Changes and Stock Returns. The Accounting Review, 68(3): 622-638.

Cheng, C. S., Lee, B.-S., & Yang, S. (2013). The Value Relevance of Earnings Levels in The Return-Earnings Relation. International Journal of Accounting and Information, 21 (4): 260-284.

Dutt, T. And Jenner, Humphery Mark. (2013). Stock return volatility, operating performance and stock returns: International evidence on drivers of the ‘low volatility’ anomaly. Journal of Banking & Finance. 37 (3): 999-1017

Fidhayatin, S. K., & Dewi, N. H. (2012). Analisis Nilai Perusahaan, Kinerja Perusahaan dan Kesempatan Bertumbuh Perusahaan Terhadap Return Saham pada Perusahaan Manufaktur yang Listing di BEI. The Indonesian Accounting Review, 2 (2): 203-214.

Fitri, L. N., Supriyanto, A., & Andini, R. (2017). Pengaruh Laba Akuntansi, Current Ratio, Return on Asset, Debt to Equity Ratio, dan Ukuran Perusahaan terhadap Return Saham. Jurnal Ilmiah Mahasiswa S1 Akuntansi Universitas Pandanaran, 3 (3).

Haryanto, C. M. (2012). Pengaruh Relevansi Laba Akuntansi Terhadap Return Saham dengan Risiko Perusahaan dan Leverage sebagai Variabel Pemoderasi pada Perusahaan Manufaktur di BEI. Jurnal Ilmiah Mahasiswa Akuntansi, 1 (1): 9-15.

Haryanto, S., Rahadian, N., Mbapa, M.F.I., Rahayu, E.N. dan Febriyanto, K.V. (2018). Kebijakan Hutang, Ukuran Perusahaan dan Kinerja Keuangan Terhadap Nilai Perusahaan: Industri Perbankan di Indonesia. Accounting and Financial Review, 1 (2): 62-70.

Ifada, L. M., & Puspitasari, T. (2016). Analisis Pengaruh Rasio Keuangan Terhadap Perubahan laba. Jurnal Akuntansi & Auditing, 13 (1): 97-108.

Naimah, Z. (2014). Relevansi Nilai Informasi Akuntansi: Suatu Kajian Teoritis. Jurnal Buletin Studi Ekonomi, 19 (1): 105-117.

Nurdiana, D. (2018). Pengaruh Informasi Laba, Arus Kas dan Size Perusahaan Terhadap Return Saham pada Perusahaan Food and Beverages yang Terdaftar di Bursa Efek Indonesia. Jurnal Elektronik REKAMAN, 2 (1): 111-126.

O’Connell, V., Abughazaleh, N., and Puurand, E., (2019). The Influence of Accounting Information on Invesment Efficiency: Evidence from European Stock Markets. ASBBS Proceedings; San Diego 26: 386-405. San Diego: American Society of Business and Behavioral Sciences.

Pahmi, S. (2018). Pengaruh Laba, Arus Kas, dan Komponen Arus Kas, Terhadap Return Saham (Studi pada Perusahaan Manufaktur yang Terdaftar di BEI. Media Bina Ilmiah, 12(9): 409-420.

Permana, A. B. (2015). Pengaruh Relevansi Nilai Terhadap Keputusan Investor. Jurnal Akuntansi Unesa, 3 (2).

Prasetya, A.R., and Yulianto, A. (2019). Deter-minants of Investment Decisions with Growth Opportunities as Moderating Varia-ble. Accounting Analysis Journal 8 (1): 17-23

Purwanti, S., Masitoh, E., & Chomsatu, Y. (2015). Pengaruh Laba Akuntansi dan Arus Kas Terhadap Return Saham Perusahaan yang Listing di BEI. Jurnal Akuntansi dan Pajak, 16 (1): 113-123.

Puspitaningtyas, Z. (2012). Relevansi Nilai Informasi Akuntansi dan Manfaatnya Bagi Investor. Jurnal Ekonomi dan Keuangan, 16 (2): 164-183.

Putra, Y. R., & Widaningsih, M. (2016). Pengaruh Laba Akuntansi, Komponen Arus Kas, dan Dividend Yield Terhadap Return Saham (Studi pada Perusahaan Sektor Pertambangan di Bursa Efek Indonesia Periode 2012-2014. Jurnal Riset Akuntansi & Keuangan, 4 (2): 1047-1058.

Rizal, N., & Ana, S. R. (2016). Pengaruh Laba Akuntansi dan Arus Kas serta Ukuran Perusahaan Terhadap Return Saham (Studi Empiris pada Perubahan Perbankan yang Terdaftar di BEI Tahun 2012-2014). Jurnal Ilmiah Bisnis dan Keuangan, 6 (2): 65-76.

Sopini, P. (2016). Pengaruh Laba Akuntansi dan Arus Kas Terhadap Return Saham. Eksis, 7 (1): 69-79.

Trisnawati, I. (2009). Pengaruh Economic Value Added, Arus Kas Operasi, Residual Income, Earnings, Operating Leverage dan Market Value Added Terhadap Return Saham. Jurnal Bisnis dan Akuntansi, 11 (1): 65-78.

Winelfia, D. (2018). Relevansi Nilai Laba Operasi, Laba Bersih, dan Laba Komprehensif . Jurnal Akuntansi, 6 (2).

Yang, S. (2018). A Reexamination of Earnings Persistence on The Incremental Value Relevance of Earnings Levels and Earnings Changes. International Journal of Accounting and Financial Reporting, 8 (2): 126-151.

Yendrawati, R., & Pratiwi, R. S. (2014). Relevansi Nilai Informasi Laba dan Arus Kas Terhadap Harga Saham. Jurnal Dinamika Manajemen, 5 (2): 161-170.

Yocelyn, A., & Christiawan, Y. J. (2012). Analisis Pengaruh Perubahan Arus Kas dan Laba Akuntansi Terhadap Return Saham pada Perusahaan Berkapitalisasi Besar. Jurnal Akuntansi dan Keuangan, 14 (2): 81-90.


Full Text: PDF

Refbacks

  • There are currently no refbacks.






SAVE_20200830_220540


AFRE (Accounting and Financial Review)
Postgraduate University of Merdeka Malang




Information:
Image result for address iconTerusan Dieng Street 59, Malang City, East Java, Indonesia, 65146.
Image result for address blue iconafreunmer@gmail.com jurnalafre@unmer.ac.id
Image result for address blue icon081332373081

Statistics:

Flag Counter

Indexing:
width="145"width="150"
crossref Index Copernicus International ( ICI )

Tools:
TurnitinMendeleyGrammarly

Supported By:


AFRE (Accounting and Financial Review) is an open-access article distributed under the terms of the Creative Commons Attribution-Share A like 4.0 International License. Licensed under  Creative Commons License a Creative Commons Attribution 4.0 International License.

Copyright ©2020 University of Merdeka Malang Powered by Open Journal Systems.