KEMAMPUAN HARGA SAHAM DALAM MENCERMINKAN EKSPEKTASI LABA MENDATANG: LABA PERMANEN, LABA TRANSITORI, DAN ARUS KAS
Abstract: This study was
conducted to provide empirical evidence about the effect of earnings information
consisting of permanent and transitory income and operating cash flow to
earnings and whether the stock price is able to reflect the earnings and cash
flows have been included in the upcoming earnings expectations. The sample used
in this study 81 companies included in the group LQ45 second half period
January 2004-July 2007. This study uses two models (prediction and pricing). Results
of this study indicate that current earnings and operating cash flows have a significant
positive effect on future earnings. While stock prices are not able to reflect the
information used in the model predictions. Investors underweight the information
permanent income, transitory income, and operating cash flow.
Penulis: Stefanus Ronie Kristiawan,
Yusni Warastuti
Kode Jurnal: jpakuntansidd130854
