Pengaruh Masalah Keagenan Aliran Kas Bebas dan Komisaris Independen terhadap Relevansi Nilai Informasi Akuntansi

• Main Authors: Aulia Fuad Rahman, Rizka Fitriasari
• Format: Article
• Language: English
• Published: University of Brawijaya 2012-04-01
• Series: Jurnal Akuntansi Multiparadigma
• Subjects: value relevance; free cash flow agency problem; independent board of director
• Online Access: http://jamal.ub.ac.id/index.php/jamal/article/view/165/164
• ISSN: 2086-7603; 2089-5879

Abstract: The effect of Free Cash Flow Agency Problem and Independent Board of Director on Accounting Information Value Relevance. This study assesses the value relevance of earnings and book value and the effect of agency problem caused by FCF. Further, this study also investigates the role of independent board of director on the relationship between FCF agency problem and value relevance of accounting information. Results show that earnings and book value are value relevant and agency problem caused by FCF, reduces the value relevance of earnings. However, FCF agency problem does not have an impact on the value relevance of book value. The independent board of director does not seem to function well as a mitigating role to the negative impact of FCF agency problems.