Relevansi Nilai Informasi Arus Kas dengan Rasio Laba Harga dan Perubahan Laba Harga Sebagai Variabel Moderasi: Hubungan Nonlinier
Hypothesis state that there are relationship between cashflows and stock return if they are moderated with earnings price ratio and also change in earnings price ratio, are examined by Nonlinear Least Square Regression that significant at 5%. Assumption classic tests are done, there are normality test with Jarque-Bera (JB) test of normality, linearity test with scatterplot, heterosceÂ¬dasticity test with White Heteroscedasticity test, and autocorrelation test with Durbin-Watson test.
The results of assumption classic shows that samples are not normal distributed and nonlinear, the results also shows that there are some problems heteroscedasticity but can be repaired with white heteroscedasticity consistent variance and standard error. The result of hypothesis examination shows that if they are moderated with earnings price ratio and also change in earnings price ratio, cashflows have information content in nonlinear model. Cashflows data that moderated with earnings price ratio have information relevant before, at the publication date and after publication date of financial statement, but cashflows data that moderated with change in earnings have information relevant before and at the publication date of financial statement.
Keyword:Â Â Â cashflows, earnings price ratio, change in earnings price ratio, stock return
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JURNAL AKUNTANSI DAN AUDITING INDONESIA (JAAI)
ISSN 1410-2420 (print), 2528-6528 (online)
Published by Department of Accounting, Faculty of Economics, Universitas Islam Indonesia
Supported by IAI-KAPd (Ikatan Akuntan Indonesia - Kompartemen Akuntan Pendidik)
JAAI pada http://journal.uii.ac.id/index.php/JAAI/ terlisensi oleh Creative Commons Attribution 4.0 International License.