Table 2 Variables definition Variables... | Emerald Publishing

Table 2

Variables definition

Variables	Measurement
P_t	The stock price of the third month after the fiscal year. (Collins et al., 1999)
Earn_t	Total firm’s earnings on year t. (Collins et al., 1999)
BV_t−1	Total firms’ equity on year t−1. (Collins et al., 1999)
COMPACC_t	Total change in common stockholders' equity – total change in cash and cash equivalents. (Larson et al., 2018)
CF_t	Comprehensive income – comprehensive accruals. (Larson et al., 2018)
Growth	Implicit cost of capital – central bank of Indonesia rate. Implicit cost of capital = (book value on year t + earnings on year t+1/central bank of Indonesia rate – stock price on year t) x central bank of Indonesia rate/book value on year t. (Penman et al., 2023)
INDY	Nominal values range from 1 (energy) to 11 (transportation and logistics). (Sun and Sari, 2016)

Variables	Measurement
P_t	The stock price of the third month after the fiscal year. (Collins et al., 1999)
Earn_t	Total firm’s earnings on year t. (Collins et al., 1999)
BV_t−1	Total firms’ equity on year t−1. (Collins et al., 1999)
COMPACC_t	Total change in common stockholders' equity – total change in cash and cash equivalents. (Larson et al., 2018)
CF_t	Comprehensive income – comprehensive accruals. (Larson et al., 2018)
Growth	Implicit cost of capital – central bank of Indonesia rate. Implicit cost of capital = (book value on year t + earnings on year t+1/central bank of Indonesia rate – stock price on year t) x central bank of Indonesia rate/book value on year t. (Penman et al., 2023)
INDY	Nominal values range from 1 (energy) to 11 (transportation and logistics). (Sun and Sari, 2016)

Source(s): Authors’ own work