PENGARUH KUALITAS LABA DAN RISIKO KEBANGKRUTAN TERHADAP ARUS KAS MASA DEPAN (Study Empiris Pada Industri Textile dan Automotive yang Terdaftar Di BEI)

JUMADI, JUMADI (2017) PENGARUH KUALITAS LABA DAN RISIKO KEBANGKRUTAN TERHADAP ARUS KAS MASA DEPAN (Study Empiris Pada Industri Textile dan Automotive yang Terdaftar Di BEI). S1 thesis, Universitas Mercu Buana Jakarta.

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Abstract

Prior research suggests that the quality of accruals may be compromised where the magnitude of accruals is abnormally high, due to the presence of errors in the accruals-estimation process (Dechow and Dichev, 2002;Richardson, 2003). A consequence of this is that abnormal accruals may not map into realised future cash flows tothe extent that would normally be expected of accruals data. Indeed, the association may be insignificant if abnormal accruals consist primarily of estimation noise. My Study investigates whether abnormal accruals for indonesian firms provide incremental insight into future cash flows. In particular, our paper may be viewed as a development of Subramanyam (1996). We find a significant positive association between abnormal accruals and one-year-ahead operating cash flows. This provides a rationale for the pricing of abnormal accruals by the market (Subramanyam, 1996; Xie, 2001) and suggests that abnormal accruals are not merely the products of noise in the accruals-estimation process. However, our results are conditional upon the probability of one-year-ahead bankruptcy risk (Altman et al., 1968). We also find that abnormal accruals possess small but significant explanatory power for future cash flows even when controlling for the disaggregation of accruals into individual items (Barth et al., 2001).

Item Type: Thesis (S1)
Call Number CD: FE/AK. 17 281
NIM/NIDN Creators: 43210120149
Uncontrolled Keywords: earnings quality; bankruptcy risk; operating cash flows; future cash flows; abnormal accruals; working capital accruals
Subjects: 300 Social Science/Ilmu-ilmu Sosial > 330 Economics/Ilmu Ekonomi
600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan > 657 Accounting/Akuntansi
600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan > 657 Accounting/Akuntansi > 657.3 Financial Reporting (Financial Statements)/Laporan Keuangan
600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan > 657 Accounting/Akuntansi > 657.4 Specific Fields of Accounting/Bidang Akuntansi Tertentu > 657.42 Cost Accounting/Akuntansi Biaya
Divisions: Fakultas Ekonomi dan Bisnis > Akuntansi
Depositing User: Admin Perpus UMB
Date Deposited: 21 Mar 2017 09:58
Last Modified: 15 Mar 2024 02:15
URI: http://repository.mercubuana.ac.id/id/eprint/33601

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