8 research outputs found
PENGARUH RELEVANSI NILAI TERHADAP KEPUTUSAN INVESTOR
No full textFinancial statements that had been published must have one of qualitative characteristics which is value relevance. According to APB Statement No. 4, relevant accounting information must contain an informative and clear information suitable for its user spesifications, like investor, for making different decisions. An investor was proxied by stock price changes and stock return. This study aims to examine whether there is any influence of relevant accounting informations in financial statements toward stock price changes and stock returns. Accounting informations that have been used were book value per share (BVPS) and earning per share (EPS), because those informations are closely related to investors. The result showed that the relevant accounting informations which were measured by BVPS and EPS, were not influencing toward stock price changes. However, stock returns, were influenced. Thus, investors today may not consider the BVPS and EPS on stock price, but they are still considering BVPS and EPS on stock return as basis of investment desicion.
Keywords: Value relevance, accounting information, stock price changes, stock returns, BVPS, EP
Pengaruh Aspek Lingkungan Pada Valuasi Pasar Perusahaan
No full textPenelitian ini bertujuan untuk membahas pengaruh aspek-aspek lingkungan terhadap valuasi pasar perusahaan. Penelitian ini menggunakan 860 sampel dari 172 perusahaan industri profil tinggi yang tercatat di bursa efek Indonesia (IDX) pada periode 2014-2018. Pengujian pengaruh aspek-aspek lingkungan terhadap valuasi pasar menggunakan regresi linear berganda. Penelitian ini menemukan bahwa aspek-aspek lingkungan yang diuji mempunyai pengaruh signifikan pada valuasi pasar perusahaan. Pengaruh negatif terjadi pada aspek pengeluaran lingkungan, sedangkan pengaruh positif terjadi pada aspek departemen lingkungan dan pengungkapan emisi karbon. Penelitian ini diharapkan dapat memberi gambaran terhadap investor pasar modal khususnya di Indonesia dan negara berkembang secara umum mengenai preferensi investor terhadap beberapa aspek lingkungan dan implikasinya terhadap valuasi pasar perusahaan
VALUE RELEVANCE OF TAX EXPENSE IN INDONESIA’S LQ45 COMPANIES
No full textThis study examines the value relevance of income tax information in the Indonesian capital market using firms listed in the LQ45 index from 2020 to 2024. Adopting the Feltham and Ohlson (1995) price valuation model, it includes book value, earnings per share (EPS), and tax expense as predictors of stock price. Ordinary Least Squares (OLS) regression results show all three variables significantly and positively affect stock price, with tax acting as an indicator of profitability. The findings underscore the strategic importance of transparent tax reporting in enhancing investor confidence, reducing information asymmetry, and improving the usefulness of financial statements
Pembuatan taman baca WA Pesek Hutan Kanal Kecamatan Medan Johor
No full textThe implementation of community service has a specific goal, namely to raise awareness about the importance of reading among school students and utilize the Hutan Kanal land by constructing a reading garden for the community. This activity is carried out in collaboration with the Community Care Association (WA PESEK), a partner with legal status located at Jl. Karya Jaya No. 136 Pangkalan Mansyur, Medan Johor Subdistrict. This community service plays a crucial role as an educational garden for students and the surrounding community, with the hope of making a positive contribution to enhancing reading interest and sustainable utilization of the Hutan Kanal lan
The Influence of Firm Value and Disclosure of Sustainability Report on Financial Distress moderated by the Corporate Life Cycle
No full textThis study aims to approve that firm value has effect on financial distress, sustainability report has effect on financial distress and Firm Life Cycle strengthen of firm value on financial distress also firm life cycle strengthen of sustainability report on financial distress. Population in this research is company who listed at LQ45 in 2020 and sample of this research are 32 company with purposive sampling technic. This study using quantitative methode approach. Data analys using logistic regression and moderated regression analysis (MRA) which using SPSS Software. Result of this study are firm value has effect on financial distress, sustainability report has not effect on financial distress and Firm Life Cycle strengthen of firm value on financial distress also firm life cycle doesn’t strengthen of sustainability report on financial distre
The value relevance of esg rating: do investors care?
No full textThis paper aims to investigate the value relevance of ESG Rating.. Using LQ45 IDX industry index, 27 firms for 2020 until 2022 period were collected as final sample. Ordinary least square regression analysis based on Ohlson price model was conducted. The result showed that ESG ratings does not have a value relevance, which means that investors particularly in Indonesian stock market still consider financial information such as profitability to make investment decision. Managerial implication such as allocating ESG resources can be useful to investor as they will consider ESG information on making investment decision.
This paper aims to investigate the value relevance of ESG Rating.. Using LQ45 IDX industry index, 27 firms for 2020 until 2022 period were collected as final sample. Ordinary least square regression analysis based on Ohlson price model was conducted. The result showed that ESG ratings does not have a value relevance, which means that investors particularly in Indonesian stock market still consider financial information such as profitability to make investment decision. Managerial implication such as allocating ESG resources can be useful to investor as they will consider ESG information on making investment decision
PENGARUH PANDEMI COVID-19 PADA RELEVANSI NILAI INFORMASI AKUNTANSI (STUDI PADA PERUSAHAAN LQ45 DI BURSA EFEK INDONESIA)
No full textValue relevance is the ability to explain (explanatory power) accounting information as a basis for investors as users of financial statements in making decisions. However, the Covid-19 pandemic has become a challenge for stock market players. The company conducts business options for the continuity of operations during the pandemic. This research aims to see the influence of the COVID-19 pandemic on the relevance of the value of accounting information to the LQ45 sample on the Indonesia Stock Exchange, namely 45 companies with high market capitalization. The method used uses the Ohlson model as a basis for testing by taking adjusted R2. The results found that the relevance of the book equity value during the pandemic rose because investors were more concerned with book value than profit information. Hence, the relevance of the importance of earnings fell. This research is limited to using only book value and profit variables with the Ohlson model; future research can use other accounting elements by modifying the model
Pendampingan Guru-Guru SMP Muhammadiyah 48 Medan dalam peningkatan kapasitas pengelolaan keuangan sekolah
No full textPengabdian Kemitraan Masyarakat bertujuan meningkatkan kapasitas pengelolaan keuangan di SMP Muhammadiyah 48 Medan. Pengelolaan keuangan sekolah penting untuk mengklasifikasikan kebutuhan sekolah dan mempengaruhi operasional serta pendidikan. Metode yang digunakan adalah pembelajaran eksperimental dan studi kepustakaan mengenai manajemen dan penyusunan laporan keuangan, dengan penyampaian melalui ceramah dan diskusi. Guru-guru berpartisipasi aktif, terbukti dari banyaknya pertanyaan yang diajukan. Hasilnya, minat dalam penyusunan dan pengelolaan keuangan meningkat, serta kualitas pengaturan dan penyusunan laporan keuangan di sekolah juga meningka
