Aplikasi Endnote

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Researches on value relevance of accounting information in Indonesia an d other developing countries generally suggested that accounting numbers are relevant to measure firm value (1, one author of journal). However, value relevance of accounting information in Asian countries are also found to fluctuate over time as a result of financial crisis, negative earnings, accounting scandals and violation of regulations in the capital market. These events have negatively affected value relevance of accounting information. Researches on value relevance of accounting information have continued to develop following such changes (2, three authors of journal) investigate the value relevance of book value and earnings between two different financial reporting regimes i.e. during MASB and FRS period in Malaysia. The result of the study suggests that book values are value relevant under both regimes but earnings are value relevant only during the MASB time period. That means that the change in financial reporting regime also affects significantly the value relevance of book value and but not earnings.

Another study which investigates the value relevance between aggregated and disaggregated book value and earnings among Malaysian high-tech firms is performed by (3, three authors = 2). The result of the study shows that the explanatory power of both book value and earnings are fluctuating, book value is in a decreasing trend, while earnings show an increasing trend. In addition, the result also suggests that disaggregated book value and earnings could explain the variation in market value better than aggregated book value and earnings. The relationship between earnings management and value relevance of accounting information can also be explained through earnings quality. (4, two authors of book) argue that earnings management is associated to earnings quality. (5, single author of journal) also states that highly managed earnings have...
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