Firm nominal value and the role of some accounting information: an investigation of Indonesian listed firms Online publication date: Thu, 07-Apr-2022
by Yohanes Indrayono
International Journal of Business and Emerging Markets (IJBEM), Vol. 14, No. 2, 2022
Abstract: This study introduces the firm's nominal value rather than using market value only in the stock market, which should be considered by investors and firm management when they make decisions. This research work examines the accounting information's effect, which comprises the earnings, sales, book value per share, and operating profit of firm's nominal value of the stock. This study uses regression analysis with 184 non-financial Indonesian listed sample firms from thirteen industries for the period 2007-2016. The result is that the firm's accounting information, namely the earnings, sales, book value per share and operating profit has a significant influence on the firm's nominal worth. In order to make a better decision in stock markets, it is suggested that investors and firm management should use the firm's nominal value and certain accounting parameter, which include the earnings worth per share, book value, sales and operating profit to predict the stock market price.
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