The value of publicly available predicted earnings surprises

Modification of Profitability Measures with Comprehensive Income and Reclassification of Other Comprehensive Income as a Mediation of Effects Asset Utilization on Firm Value

“…The results of studies on various objects of companies in Indonesia have produced empirical evidence that agrees that financial performance has a positive effect on firm value, including companies that are members of the Jakarta Islamic Index (Mai, 2017), at banking companies (Utomo et al, 2017), at family company (Oktavina & Manalu, 2018), at group company LQ 45 (Handayani & Rahayu, 2019) and in consumer goods manufacturing companies (Siregar et al, 2018). Likewise, studies conducted abroad show that financial performance has a positive effect on firm value, such as in the United States (Frame et al, 2019;Sun, 2019;Shi et al, 2017), in Germany and the United Kingdom (Elbakry et al, 2017), in South Korea (Kim & Yoon, 2019), in Hawaii (Edinger et al, 2019), and in Italy (Veltri & Ferraro, 2018).…”