Main Article Content
Abstract
This paper examines the association between fundamental signals used by Lev and Thiagarajan (1993) and future earnings using 52 sample of manufacturing firm listed in the Jakarta Stock Exchange (JSX). Results of the study indicate the from the aggregate score of the nine fundamental signals, there of the signals were significantly associated with the change in one-year-ahead earnings per share (EPS), but not with mean change in two-year ahead EPS. This study also founds that the change in one-year-ahead EPS was also associated with the year(s) as control variable(s).
Keywords
Fundamental signals
future earnings
earning per share
Article Details
License
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).