RELEVANSI NILAI LABA DAN ARUS KAS OPERASI UNTUK PENENTUAN KOMPENSASI MANAJEMEN DENGAN MANDATORY DISCLOSURE IFRS SEBAGAI VARIABEL PEMODERASI

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.

Keywords: Net Income, Comprehensive Income, Operating Cash Flow, Management
Compensation and IFRS Mandatory Disclosure