RELEVANSI NILAI LABA DAN ARUS KAS OPERASI UNTUK PENENTUAN KOMPENSASI MANAJEMEN DENGAN
MANDATORY DISCLOSURE IFRS SEBAGAI VARIABEL PEMODERASI
Ratna Pujayanti dan Harjanti Widiastuti Universitas Muhammadiyah Yogyakarta
ratnapujaa@gmail.com
ABSTRACT
This study aims to analyze and provide empirical Value Relevance of Earnings and Operating Cash Flow on Management Compensation with the IFRS Mandatory Disclosure as Moderating Variable. Value relevance of earnings are proxied by net income and comprehenshive income. Value relevance of cash flow is proxied by operating cash flow. Compensation management is proxied by compensation on top management. Information PricewaterhouseCoopers (PwC) cheklist is used to calculate the compliance rate of IFRS mandatory disclosure. This study uses secondary data from the Indonesian Capital Market Directory (ICMD) and the annual reports of the all companies listed on the Indonesia Stock Exchange in 2011-2014. The method of selecting the sample using purposive sampling method and total sample are 1291. The analysis method of this study is multiple regression and moderating regression analysis (MRA) with SPSS 17.0 and eviews 8. The results of this study indicate that net income, comprehensive income and operating cash flow has a positive effect on the management compensation. As well as comprehensive income the interact with IFRS mandatory disclosure has evidence that moderating variable has effect comprehensive income and management compensation.
