Examining the Factors Affecting Firm Values : The Case of Listed Manufacturing Companies In Indonesia

Diana, Erika

doi:10.24815/jaroe.v3i1.15532

Cited by 3 publications

(3 citation statements)

References 17 publications

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“…Various studies suggest the widespread use of Tobin's Q ratio to estimate firm value. This ratio is obtained by calculating the ratio between the stock market value and the book value of equity (Diana, 2020). A high Tobin's Q value of more than 1 indicates that the company's market value is greater than the listed company's asset value.…”

Section: Firm Valuementioning

confidence: 99%

The Effect of Environmental Performance on Firm Value with Mediating Role of Financial Performance in Manufacturing Companies in Indonesia

Fauzi

2022

Acad. J. Interdiscip. Stud.

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The purpose of this study is to investigate the determinants of firm value by formulating the relationship between environmental performance and the intervening variable of financial performance. This study analyzes how public companies in Indonesia comply with environmental responsibility and use it as a basis for increasing corporate value. Using the sampling of purposive sampling method, the research was conducted by examining 64 basic industries and mining companies listed on the Indonesia Stock Exchange during 2016-2018. Empirical testing is done by path analysis. The results of the study suggest that firms are more likely to be able to increase the utility of environmental performance by mediating effects of financial performance. This means that the environmental performance effect is more likely in firms that have superior financial performance. Practically speaking, the results have implications that the implementation of environmental responsibility supported by adequate financial resources can significantly affect the perception of sustainability by company stakeholders and ultimately increase firm value. Received: 20 September 2021 / Accepted: 8 April 2022 / Published: 5 May 2022

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Section: Firm Valuementioning

confidence: 99%

The Effect of Environmental Performance on Firm Value with Mediating Role of Financial Performance in Manufacturing Companies in Indonesia

Fauzi

2022

Acad. J. Interdiscip. Stud.

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“…The results of R 2 before being moderated, it turns out that the variables used in this study do not have a major influence on the firm value, which is only 25.6 per cent. This means that in companies in the Consumer Goods sector, the firm value is greater influenced by the variable others, for example, profitability (Aldo and Jamaludin Iskak, 2020;Danang and Kunto, 2020) and capital structure (Diana, 2020;Kolamban et al, 2020) or others.…”

Section: Discussionmentioning

confidence: 99%

Green Accounting And Intellectual Capital Effect On Firm Value Moderated By Business Strategy

Gantino

Ruswanti²,

Widodo³

2023

Jurnal Akuntansi

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This study aims to compare the influence of Green Accounting and Intellectual Capital on the Firm Value model with Business Strategy as a Moderating Variable, using 2016 to 2021 data from IDX in the Automotive and Components and Consumer Goods sector. This study used purposive sampling and hypothesis testing using multiple regression. Green Accounting is measured by obtaining an ISO 1400, Intellectual Capital by VAICTM and Business Strategy by PPC. The results show green accounting has a negative effect on firm value in the Consumer Goods sector before and after being moderated and a significant positive effect on the other sector. Intellectual Capital has a significant effect on both sectors before and after moderation. Business strategy has a significant relationship with firm value in the Consumer Goods sector but has a negative relationship in other sectors. Business Strategy moderates the influence of Green accounting and Intellectual Capital on firm value.

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“…Menurut hasil penelitian Bayu dan Septiani sebagaimana penelitian ini sejalan dengan penelitian sebelumnya yang menunjukan bahwa perusahaan manufaktur di Indonesia masih belum menerapkan cash holdings secara optimal (Albertus Bayu and Aditya Septiani, 2015). Namun bertentangan dengan hasil penelitian Edi dan Erika fernando yang mengatakan bahwa cash holdings berpengaruh signifikan positif terhadap nilai perusahaan (Edi Dan Erika Fernando, 2021) Dan juga penelitian Erika Diana yang menyatakan bahwa cash holdings memiliki pengaruh positif terhadap nilai perusahaan (Erika Diana, 2020).…”

Section: Pendahuluanunclassified

Pengaruh Cash Holdings dan Intelectual Capital Terhadap Nilai Perusahaan Dalam Perspektif Ekonomi Islam

Anwar,

Suharto,

Zulaikah

et al. 2023

JIEI

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The value of the company is the price that prospective buyers are willing to pay if the company is sold. When a company offers its shares to the market, the value of the company will be reflected in its share price. With the increase in share prices in the market, shareholders will become more prosperous in their shareholdings. The main goal of the company is to maximize the value of the company. Maximizing the value of the company is very important for the company, because maximizing the value of the company also means maximizing the prosperity of shareholders which is the company's main goal. So that the value of the company describes how well or poorly management manages its wealth, in this case it can be seen from the measurement of financial performance obtained. Therefore, the factors that are thought to affect the value of the company include Cash Holdings and Intellectual Capital. The formulation of the problem in this study is how the influence of Cash Holdings and Intellectual Capital. The purpose of this study is to examine and analyze the effect of Cash Holdings and Intellectual Capital. In this study the method of determining the sample using purposive sampling technique. The population in this study is the Sharia Stock Index (ISSI) for the 2016-2020 period. Based on the sample selection, the sample in this study amounted to 18 data samples. The data analysis technique in this study is multiple linear regression analysis using SPSS 25 software. Based on the results of the study, it is stated that the Cash Holdings variable has a significant negative effect on firm value and Intellectual Capital has a significant positive effect on firm value.

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Examining the Factors Affecting Firm Values : The Case of Listed Manufacturing Companies In Indonesia

Cited by 3 publications

References 17 publications

The Effect of Environmental Performance on Firm Value with Mediating Role of Financial Performance in Manufacturing Companies in Indonesia

The Effect of Environmental Performance on Firm Value with Mediating Role of Financial Performance in Manufacturing Companies in Indonesia

Green Accounting And Intellectual Capital Effect On Firm Value Moderated By Business Strategy

Pengaruh Cash Holdings dan Intelectual Capital Terhadap Nilai Perusahaan Dalam Perspektif Ekonomi Islam

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