Effect of Diversification Strategy, Leverage and IOS on Multi Segment Corporate Performance in Indonesia

Christiningrum, MF

doi:10.5901/mjss.2015.v6n5s5p157

Cited by 4 publications

(6 citation statements)

References 45 publications

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“…A good firm performance must support efforts to get funds from the capital market. These findings are consistent with Christiningrum (2015); Obeten et al, (2014). They found that investment opportunity set has a positive effect on firm performance.…”

Section: Investment Opportunity Set On Firm Performancesupporting

confidence: 92%

“…Investment option can be used as an opportunity for a company to develop. Christiningrum (2015) also found that investment opportunity set has a positive effect on firm performance. H3: Investment opportunity set has a positive effect on firm performance Firm performance was measured by using Price Earning Ratio (PER) proxy.…”

Section: Investment Opportunity Set On Firm Performancementioning

confidence: 85%

“…A significant return in the future also becomes the goal. Christiningrum (2015) explained that investment opportunity set has a positive effect on firm performance.…”

Section: Introductionmentioning

confidence: 99%

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Toward Firm Performance in Indonesia: The Role of Good Corporate Governance and Investment Opportunity Set

Rusdi

Kartika

Indriastuti

2021

JECO

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This study examined the role of good corporate governance and investment opportunity set in maintaining firm performance. This study's sample population comprised 240 manufacturing companies listed on the Indonesia Stock Exchange from 2016 to 2019. The research sample was selected using a purposive sampling method. The data were analyzed by using structural equation modeling analysis (SEM). The results showed that good corporate governance in terms of board size had a negative effect on firm performance. Meanwhile, good corporate governance in terms of board independence and investment opportunity set had a positive effect on firm performance.Keywords: good corporate governance, investment opportunity set, firm performance Menuju Kinerja Perusahaan di Indonesia: Peran Good Corporate Governance dan Investment Opportunity Set Abstrak: Studi ini menguji peran good corporate governance dan investment opportunity set dalam menjaga kinerja perusahaan. Populasi sampel penelitian terdiri dari 240 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia dari tahun 2016 hingga 2019. Sampel penelitian dipilih dengan menggunakan metode purposive sampling. Analisis data menggunakan analisis structural equation modeling (SEM). Hasil penelitian menunjukkan bahwa good corporate governance ditinjau dari ukuran dewan komisaris berpengaruh negatif terhadap kinerja perusahaan. Sedangkan good corporate governance ditinjau dari independensi dewan komisaris dan investment opportunity set berpengaruh positif terhadap kinerja perusahaan.Kata kunci: good corporate governance, investment opportunity set, kinerja perusahaan

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Section: Investment Opportunity Set On Firm Performancesupporting

confidence: 92%

Section: Investment Opportunity Set On Firm Performancementioning

confidence: 85%

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Toward Firm Performance in Indonesia: The Role of Good Corporate Governance and Investment Opportunity Set

Rusdi

Kartika

Indriastuti

2021

JECO

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“…Managers take advantage of REM to use accounting window dressings. Christiningrum (2020) discovered consistent findings that as debt levels rise, managers of businesses tend to use unusual cash flows, discretionary spending, and production. Similarly Mamatzakis et al (2023) LEV positively influence the REM.…”

Section: Real Based Earnings Management and Leverage Role Of Business...mentioning

confidence: 72%

“…Due to the manager's seasonal nature, these results are stronger in the year's second half. Christiningrum (2020) looked into how debt affected earnings quality simultaneously and discovered that debt level significantly positively impacts REM. LEV is employed to calculate the debt level for fictitious results, and REM is used to calculate earnings quality.…”

Section: Literature Review Earnings Management and Leveragementioning

confidence: 99%

<b>The Influence of Earnings Volatility on the Association among Leverage and Real Earnings Management</b>

Bilal Ahmed,

Zunaidah Sulong

2024

IJMRES

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The association between leverage (LEV) and Real Earnings Management (REM), as well as how the volatility of earnings affects this relationship, are examined in this paper. The study sample comprises all non-financial companies listed on the Pakistan Stock Exchange from 2004 to 2018. Due to the endogeneity issue between the variables and the two-step system Generalized Method of Moment (SYS-GMM) dynamic panel estimator, business risk will be used as an interaction term in the hypothetical model to examine the association between LEV and REM. The model will be further elaborated using agency theory and positive accounting theory. After examining the connection between LEV and REM, the study will examine how business risk affects earnings volatility for the Pakistan Stock Exchange.

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The link between debt finance and profitability in the emerging market: A case study of a furniture retail company

Nyamwanza

Haufiku

Ellen

et al. 2020

RGC

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The objective of this research was to establish the impact of debt finance on the profitability of a firm using A furniture retail company (pseudo name “A”) as a case study. The mixed methods approach was employed quantitative data from financial statements and qualitative data from interviews. The target population was 25, hence the researchers used a population census, 24 participants assisted in the research. The statistical method used for analysing secondary data was STATA 11. The regression model and variables incorporated were debt ratio, which was the independent variable, and the return on asset ratio, which was the dependent variable, and the measure of profitability in this particular research. Main findings from the research indicated that debt financing was significantly and statistically negatively affecting the return on assets of the company. The regression yielded a p-value of 0.018 and a coefficient of 0.9992 thus confirming a 99.92% that the variability in profitability is well explained by the independent variable used in this research which is debt finance. The study recommends companies to carry out an in-depth cost-benefit analysis of debt financing to ensure optimum profitability especially for small and private limited companies in a volatile economy (Zimbabwe).

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Effect of Diversification Strategy, Leverage and IOS on Multi Segment Corporate Performance in Indonesia

Abstract: This study examines the impact of diversification strategies, the level of use of debt (leverage)

Cited by 4 publications

References 45 publications

Toward Firm Performance in Indonesia: The Role of Good Corporate Governance and Investment Opportunity Set

Toward Firm Performance in Indonesia: The Role of Good Corporate Governance and Investment Opportunity Set

<b>The Influence of Earnings Volatility on the Association among Leverage and Real Earnings Management</b>

The link between debt finance and profitability in the emerging market: A case study of a furniture retail company

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