RELEVANSI NILAI ASET TIDAK BERWUJUD PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI PERIODE 2011—2020
DOI:
https://doi.org/10.25170/jak.v16i2.3262Keywords:
Value Relevance, Profit, Book Value, Intangible AssetsAbstract
Book value and profit are considered relevant financial information. However, in some cases, the value relevance of profit and book value has decreased. This causes investors to look for other financial information, such as intangible assets. Intangible assets can be used as an indicator in measuring the relevance and a relevant proxy for expected future earnings because they are considered the driver of company growth and productivity nowadays. This study used the multiple linear regression method. The object of this study is manufacturing companies listed on the Indonesia Stock Exchange. The samples are selected using the purposive sampling method. The findings of this study are that profit, book value, and intangible assets have a significant and positive effect. This study hopes that investors can use intangible assets as additional information to predict investment returns and make investment decisions.
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Ang, J. S., Cole, R., & Lin, J. W. (2007). Agency costs and ownership structure. The Journal of Finance, LV(1), 81–106.
Aulia, F. P., Koeswayo, P. S., & Bede, D. (2020). Relevance of Intangible Asset, Equity Book, and Earning Value on Stock Price in Information Technology Era. Journal of Accounting Auditing and Business, 3(1), 135.
Collins, D. W., Pincus, M., & Xie, H. (1999). Equity Valuation and Negative of Equity. The Accounting Historians Journal, 74(1), 29–61. Retrieved from papers3://publication/uuid/A16FB5E0-5B91-4445-9F6D-94C8F82D2624
Dahmash, F. N., Durand, R. B., & Watson, J. (2009). The Value Relevance and Reliability of Reported Goodwill and Identifiable Intangible Assets. British Accounting Review, 41(2), 120–137.
Eisenhardt, K. M. (1989). Agency Theory : An Assessment and Review. Academy of Management Review, 14(1), 57–54.
Ely, K., & Waymire, G. (1999). Intangible Assets and Equity Valuation in the Pre-SEC Era. (April).
Fama, E. F. (1970). Efficient Capital Markets: A Review of Theory and Empirical Work. The Journal of Finance, 2771–2771.
Financial Accounting Standards Board (FASB). (1978). Statement of Financial Accounting Concepts No. 1. Financial Accounting Foundation, 1–91.
Francis, J., & Schipper, K. (1999). Have Financial Statements Lost Their Relevance? Journal of Accounting Research, 37(2), 319–352.
Hartono, J. (2017). Teori Portofolio dan Analisis Investasi (Edisi Kesebelas). Yogyakarta: BPFE-YOGYAKARTA.
Hazan, E., Smit, S., Woetzel, J., Cvetanovski, B., Krishnan, M., Gregg, B., … Hjartar, K. (2021). Getting Tangible About Intangibles. McKinsey Global Institute, (June), 40.
Hyunmi, J. (2018). The Value Relevance and Reliability of Intangible Assets: Evidence from South Korea. Global Business & Finance Review, 23(2), 98–107.
Jennings, R., LeClere, M. J., & Thompson, R. B. (1997). Evidence on the Usefulness of Alternative Earnings per Share Measures. Financial Analysts Journal, 53(6), 24–33.
Jensen, M., & Meckling, W. (1976). Theory of the firm: Managerial Behavior, Agency Costs, and Ownership Structure. Journal of Financial Economics, 3(4), 305–360.
Ji, H. (2018). The Value Relevance and Reliability of Intangible Assets: Evidence from South Korea. Global Business and Finance Review, 23(2), 98–107.
Kieso, D. E., Wegandt, J. J., & Warfield, T. D. (2019). Intermediate Accounting (17th ed.). Wisconsin: Wiley.
Kohler. (1983). Kohler’s Dictionary For Accountants (6th Editio; W. W. Cooper & Y. Ijiri, eds.). New Jersey: Prentice Hall.
Madhani, P. M. (2012). Intangible assets: Value drivers for Competitive Advantage. Best Practices in Management Accounting, 30, 147–164.
Ohlson, J. A. (1995). Earnings, Book Values, and Dividends in Equity Valuation. Contemporary Accounting Research, 11(2), 661–687.
Oliveira, L., Rodrigues, L. L., & Craig, R. (2010a). Intangible assets and value relevance: Evidence from the Portuguese stock exchange. British Accounting Review, 42(4), 241–252.
Suwardjono. (2016). Teori Akuntansi (Ketiga). BPFE-YOGYAKARTA.
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Published
2022-10-29
How to Cite
Cheriani, R., & Meiden, C. (2022). RELEVANSI NILAI ASET TIDAK BERWUJUD PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI PERIODE 2011—2020. Jurnal Akuntansi, 16(2), 219–237. https://doi.org/10.25170/jak.v16i2.3262
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