Analysis of Macro Fundamental and Micro Fundamental Effect on Ownership Structure, Auditor Opinion and Value of the Firm in State-Owned Enterprises Companies in Indonesia Stock Exchange

Hwihanus,; Ratnawati, Tri; Yuhertiana, Indrawati

doi:10.5220/0008490802140219

Cited by 2 publications

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“…Go public is one way for companies to obtain funds, namely by selling and offering to release rights to shares with payment. Business entity/company can go public by selling new shares originating from the authorized capital for old shares originating from paidup capital (Hwihanus, et, al., 2019). Go public or a public offering of shares is an activity of offering shares carried out by companies/issuers to sell shares or securities to the public based on procedures regulated by capital market laws and implementing regulations.…”

Section: Go Public Companymentioning

confidence: 99%

Debt Micro-Factor Analysis and How Debt Affects Property Company Value: Case Study Indonesian Property Sector

Aurora

2023

JMOI

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The government can provide policies and create economic growth Which conducive, the property sector will be very prospective. The purpose of this study is to obtain empirical evidence and examine the factors that influence policy debt which has implications for the company value of companies listed on the Indonesia Stock Exchange. These factors are Fixed Assets Ratio, Return on Equity, Company Size, Company Growth and Company Age. This research was conducted on companies listed as property companies for the 2010-2015 period on the Indonesia Stock Exchange. Multiple Regression Analysis was used to test the hypothesis and purposive sampling method was used to take the sample. The results showed that the ratio of fixed assets, return on equity, firm size and company growth had no relationship with debt but firm age had a negative relationship with debt and debt did not have implications for firm value partially. On the other hand, all variables have a significant relationship with debt and have implications for company size. The results show an agency problem

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Section: Go Public Companymentioning

confidence: 99%

Debt Micro-Factor Analysis and How Debt Affects Property Company Value: Case Study Indonesian Property Sector

Aurora

2023

JMOI

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“…Then, the recipients adjust their behavior based on their understanding of the signal (Spence, 1973). According to Hwihanus et al (2019), Signaling theory is related to asymmetry information which shows the existence of information between company management and parties who both have interest in the information. This theory can be used on company value.…”

Section: Signalling Theorymentioning

confidence: 99%

The Effect of Macroeconomics, Firm Size, Assets Growth, and Liquidity on Financial Distress and Hedging with Good Corporate Governance as a Moderation Variable in Manufacturing Companies Listed on the Indonesia Stock Exchange

Rizai,

Ratnawati,

Pristiana

2023

IJSSHMR

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Changes in currency exchange rates have an impact on currency appreciation and depreciation. One alternative that can help in managing risks arising from fluctuations in exchange rates is by utilizing hedging instruments. This research aimed to investigate the empirical evidence regarding the effect of macroeconomics, firm size, asset growth and liquidity on financial distress and hedging with good corporate governance as a moderation variable. The population were manufacturing companies listed on the Indonesian stock exchange and implementing hedging strategy in 2020-2022. Seventeen companies were selected as samples using purposive sampling techniques. Hypothesis testing was carried out by means of Structural Equation Model (SEM) approach based on the Partial Least Square (PLS). Among the 10 analysed hypotheses, 5 were proven to be accepted and the other 5 were rejected. The findings show the followings. The 2 exogenous variables (macroeconomics and asset growth) affected the endogenous variable (hedging), meanwhile the other 3 exogenous variables (firm size, liquidity and financial distress) did not affect it. The 3 exogenous variables (firm size, asset growth and liquidity) were proven to influence the endogenous variable (financial distress), whereas the variable of macroeconomics was not proven as such. Meanwhile, good corporate governance, as a moderation variable, did not provide full support for the causal relationship between financial distress and hedging.

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Analysis of Macro Fundamental and Micro Fundamental Effect on Ownership Structure, Auditor Opinion and Value of the Firm in State-Owned Enterprises Companies in Indonesia Stock Exchange

Cited by 2 publications

References 0 publications

Debt Micro-Factor Analysis and How Debt Affects Property Company Value: Case Study Indonesian Property Sector

Debt Micro-Factor Analysis and How Debt Affects Property Company Value: Case Study Indonesian Property Sector

The Effect of Macroeconomics, Firm Size, Assets Growth, and Liquidity on Financial Distress and Hedging with Good Corporate Governance as a Moderation Variable in Manufacturing Companies Listed on the Indonesia Stock Exchange

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