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.
| Published by | Universitas Gadjah Mada |
| Journal Name | Gadjah Mada International Journal of Business |
| Contact Phone | - |
| Contact Name | - |
| Contact Email | - |
| Location | Kab. sleman, Daerah istimewa yogyakarta INDONESIA |
| Website | GAMAIJB| http://journal.ugm.ac.id/index.php/gamaijb| |
| ISSN | ISSN : 14111128, EISSN : 23387238, DOI : -, |
| Core Subject | Economy, |
| Meta Subject | Economics, Econometrics & Finance, |
| Meta Desc | Gadjah Mada International Journal of Business (GamaIJB) is a peer-reviewed journal published three times a year (January-April, May-August, and September-December) by Master of Management Program, Faculty of Economics and Business, Universitas Gadjah Mada. GamaIJB is intended to be the journal for publishing articles reporting the results of research on business, especially in the context of emerging economies. The GamaIJB invites manuscripts in the various topics include, but not limited to, functional areas of management, accounting, international business, entrepreneurship, business economics, risk management, knowledge management, information systems, ethics, and sustainability. |
| Penulis | Murwaningsari, Etty , Utama, Sidharta , Rossieta, Hilda |
| Publisher Article | Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada |
| Subtitle Article | Gadjah Mada International Journal of Business Vol 17, No 2 (2015): May-August |
| Scholar Google | http://scholar.google.com/scholar?q=%2Bintitle%3A&… |
| View Article | https://jurnal.ugm.ac.id/gamai… |
| DOI | https://doi.org/10.22146/gamaijb.69… |
| DOI Number | DOI: 10.22146/gamaijb.6909 |
| Download Article [1] | https://jurnal.ugm.ac.id/gamaijb/article… |
| Download Article [2] | http://download.garuda.ristekdikti.go.id… |
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