PENGARUH UKURAN PERUSAHAAN, PERTUMBUHAN, DAN PROFITABILITAS PERUSAHAAN TERHADAP KOEFISIEN RESPON LABA DAN KOEFISIEN RESPON NILAI BUKU EKUITAS; STUDI PADA PERUSAHAAN NON MANUFAKTUR DI BURSA EFEK JAKARTA

The objective of this study is to examine the value relevance of accounting earnings and book value of equity in explaning stock price. The study is aimed to identyfy the factors that influence earnings response coefficient and equity book value coefficients. The factors are firm size, profitability, and growth. The results show that accounting earnings and book value of equity are positively associated with stock price. This results support the prior studies that accounting earnings and book value of equity have value relevance (Ohlson, 1995; Burgtahler and Dichev, 1997, etc). Accounting earnings and book value of equity are useful to explain stock price changes. The results of this study are consistent with previous studyes that earnings response oefficient is greater in large firms (Chaney and Jeter,1992), the firms that have higher profitability (Burgtahler and dichev, 1997) and high growth (Zhang, G, 2000).