PENGARUH LARGE BOOK-TAX DIFFERENCES TERHADAP PERSISTENSI LABA, AKRUAL DAN ARUS KAS PADA PERUSAHAAN MANUFAKTUR DI BEI
ABSTRACT: Quality earnings are
earnings which may reflect the continuation of future earnings, which is
determined by the components of accruals and cash flows. Book-tax differences
may represent the management discretion in the accrual process to assess the
quality of earnings. Persistence of earnings is one component of the predictive
value of earnings and also the
element of relevance
that some information
in the book-tax
differences may affect
the persistence of earnings. This study aims to examine the
effect of large book-tax differences on the persistence of earnings, accruals and cash
flows compared to
firms with small
book-tax differences and
earnings persistence effect
on investor expectations
especially for the persistence of accruals on each sub-sample of book-tax
differences. Object of study is a manufacturing
company listed on
the Stock Exchange
in 2008-2009 with
a sample of
37 manufacturing companies selected by
purposive sampling technique.
The results showed
firms with large
negative book-tax differences
have persistence of the
accrual component of
earnings that are
not much different
from the firms
with small book-tax differences and not proven that the
stock price could reflect the persistence of earnings, accruals and cash flows
but investors tend to be
pessimistic about the current earnings in
relation to future earnings in
other words, earnings is considered to have low
persistence for all sub-sample of book-tax differences.
Keywords: Book-Tax
Differences, Earnings Persistence, Accruals, Cash Flows, Investors Expectations
Penulis: MELITA NOVIANA SIN
Kode Jurnal: jpakuntansidd120039
