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Advanced SearchThe Combined effects of financial derivatives and
This study aimed to understand (1) the association between the use of
discretionary accruals and financial derivatives, taking into
consideration the implementation of revised PSAK 55 (1999), which was
adopted from SFAS 133; (2) the combined effects of derivatives and
discretionary accruals on the value relevance of earnings and equity.
The analysis used panel data regressions and the Wald test over the
period from 2001-2008. The results showed a positive or complementary
association between derivatives and discretionary accruals. The positive
association implied that managers tended to intensify the use of
discretionary accruals to offset a higher use of derivatives. Price and
return models demonstrated negative significant effects of derivatives
on the value relevance of earnings. The return model showed negative
significant effects of discretionary accruals on the value relevance of
earnings but negative effects on the value relevance of equity with the
price model.
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Informasi Detil
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Penerbit | Gadjah Mada University : Yogyakarta., May - August 2015 |
Deskripsi Fisik |
p. 179 - 198
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Bahasa | |
ISBN/ISSN |
1411-1128
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Edisi |
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Info Detil Spesifik |
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Pernyataan Tanggungjawab |
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