PENGARUH PENERAPAN METODE AKUNTANSI PERSEDIAAN TERHADAP MARKET VALUE PERUSAHAAN PALM EMITEN DI BURSA EFEK JAKARTA

Anissa , Nur (2003) PENGARUH PENERAPAN METODE AKUNTANSI PERSEDIAAN TERHADAP MARKET VALUE PERUSAHAAN PALM EMITEN DI BURSA EFEK JAKARTA. MAKSI, 2 . ISSN 1412-6680

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Abstract

The difference of inventoryaccounting methods will give different financial information that leads the investors to react differently. This study observes about the effect of inventory accounting methods implementation to market value of the firms. Based on agency and tax concepts in inflationary condi¬tion. Os study means to test the hypothesis of average inventory accounting method on financial statement more affects to market value of the firms than FIFO inventory accounting method. The hypothesis of this study is tested by non-nested test, discrimination approach and discern¬ing approach (Davidson-Mackinnon J test and JM test). The research is conducted in Jakarta Stock Exchange (JSX) on financial statements 1997-2000 that focuses on manufacturing company The result of the hypothesis on discrimination approach for average inventory accounting method implementation on financial affects to market value of the firms has adjusted FP is 70.5% and FIFO method has adjusted R2 amount 65.4%. This shows that average inventory accounting method imple-mentation on financial statement more affects to market value of the firms than FIFO method. This result is supported by JM test that shows t-statistic -8.764 with p-value 0.000 for fi coefficient of the estimated model for average inventory accounting method. While, Davidson-Mackinnon J test cannot conclude the result to accept or reject the hypothesis because sample boundary. Keyword : Persediaan FIFO, Market Value, Jakarta Stock Exchange

Item Type:Article
Subjects:H Social Sciences > HF Commerce > HF5601 Accounting
ID Code:35108
Deposited By:Mr. Sugeng Priyanto
Deposited On:24 Apr 2012 13:32
Last Modified:24 Apr 2012 13:32

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