RELEVANSI NILAI INFORMASI AKUNTANSI ALTERNATIF SERTA IMPLIKASINYA TERHADAP PROSES PENGAMBILAN KEPUTUSAN INVESTASI DENGAN MENGGUNAKAN SEQUENTIAL EXPLANATORY MIXED METHOD
DOI:
https://doi.org/10.32493/JABI.v3i1.y2020.p87-95Keywords:
Relevansi Nilai, Informasi Akuntansi Alternatif, Keputusan InvestasiAbstract
Distortion of information is one of the inherent accounting risks in financial statements. Financial statements are one of the fundamental sources of information that can be used in investment decision making in the Indonesia stock exchange. If investors use this information, then investors also have the same risk that is the distortion of information contained in financial statements. This research tries to test whether stock prices can be more explained through alternative accounting information or information contained in financial statements. This research was conducted using a sequential explanatory mixed method. Using data on companies listed in the Business 27 index, tested using path analysis through multiple regression models, the results of this research indicate that alternative accounting information has not been able to explain variations in stock price changes compared to accounting information contained in financial statements. Meanwhile, the results of the analysis using qualitative data indicate there is a match between the results of quantitative analysis and qualitative analysis.
Keywords: Value Relevance; Alternative Accounting Information; Investment Decisions
References
A. H. Habbe. (2000). Pengaruh Indikator Makro Ekonomi Terhadap Harga Saham.
D. Wira. (2018). www.juruscuan.com," [Online]. Available: http://www.juruscuan.com/investasi. Accessed 18 Mei 2018
C. DS and S. PS. (2013). Metodologi Penelitian Bisnis. Jakarta: Salemba Empat.
E. F. Fama. (1970). Efficient Capital Markets: A Review Of Theory And Empirical Work.
F. Ariyanti. www.liputan6.com," 08 Januari 2015. [Online]. Available: https://www.google.co.id/amp/s/m.liputan6.com/amp/2158166. [Accessed 18 Mei 2018]
F. R. David. (2007). Strategic Management: Concepts dan Cases. New York: Prentice Hall.
F. A. S. Board. (1980). Statement of Financial Accounting Concepts, 1980a
H. ES and M. V. Brenda. (1992). Accounting Theory, Chicago: Irwin.
H. I. Wolk, J. L. Dodd and M. G. (2004). Tearney, Accounting Theory: Conceptual Issues in a 7 Political and Economics Environment. South-Western, a division of Thomson Learning.
J. E. Pinto, E. Henry, T. R. Robinson and J. D. Stowe. (2010). Equity Assets Valuation. Workbook, Wiley and Sons.
J. Hartono. (2014). Metodologi Penelitian Bisnis: Salah Kaprah dan Pengalaman-Pengalaman. Yogyakarta: BPFE.
J. W. Creswell. (2016). Design: Pendekatan Kualitatif, Kuantitatif, dan Campuran. Yogyakarta: Pustaka Pelajar.
M. W. Keran. (1971). Expectations, Money and Stock Market. EconPapers, vol. 53th, no. Januari 1971, pp. 16-31, 1971.
R. Krishnan and D. Booker. (2002). Investors ‘Use of Analysts’ Recommendations. Behavioral Research in Accounting 14th Edition, vol. 14th, pp. 129-156.
Downloads
Published
Issue
Section
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 acknowledgement 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 acknowledgement 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)
