Impact of Selected Factors Towards Shareholder Value Creation

Antonius,; Harjanto, Karina

doi:10.4108/eai.7-10-2021.2316221

Cited by 2 publications

(2 citation statements)

References 6 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…As for the elements that affect the firm's capital investments, it appears that higher levels of debt are linked to the adoption of EVA since it benefits the managers, who in turn increase the firm's investment activity. We conclude that the implementation of EVA leads to a significant and positive change in cash flow measures (Antonius &Harjanto 2022). You can use EVA to see if a company is worth investing in and where it plans to use the money its shareholders have given it.…”

Section: Evamentioning

confidence: 85%

Impact of Financial Leverage Variability on Economic Value Added: A Relational Model to Visualize Sustainable Growth of Business in the Long Run

2023

European Economic Letters

View full text Add to dashboard Cite

EVA is a performance tool that aims to assess the value added to the economy. The genuine financial profit generated by a business. Such a measure is important for investors who seek to assess a firm's performance. Company has generated value for its shareholders, and it may be linked to its competitors for a rapid examination of how much value it has generated. Economic value addition is one of the independent variables included in the study; this is because it serves as an evaluation tool for determining the research's ultimate conclusion about the financial performance. Maximisation of EVA (which measures a firm's ability to generate profits over and beyond those needed to maintain its operations) is seen as the greatest strategy to do this capital. Firms with fixed expenses and a need for access to economy, long-term financing have seen an increase in the amount of leverage they can use. The data was analyzed using standard statistical methods including correlation coefficient in addition to Mean and SD and multiple linear regression analysis. The outcomes indicate that the negative association among financial leverage and EVA is larger than the negative connection between financial performance measures including such ROE and ROA, which have a lesser correlation with one another than financial leverage and EVA.

show abstract

Section: Evamentioning

confidence: 85%

Impact of Financial Leverage Variability on Economic Value Added: A Relational Model to Visualize Sustainable Growth of Business in the Long Run

2023

European Economic Letters

View full text Add to dashboard Cite

show abstract

“…The signal theory approach highlights that organizations can enhance their corporate value by transmitting signals to investors through the disclosure of information pertaining to company performance, thereby offering a glimpse into future business potential (Antonius & Harjanto, 2022). Signal theory elucidates how corporations might utilize information to convey favorable or unfavorable signals to users (Regina & Harjanto, 2022).…”

Section: Introduction Introductionmentioning

confidence: 99%

The Analysis of Financial Reporting Quality and Firm Value

Harjanto

2024

CJFA

View full text Add to dashboard Cite

The objective of this research is to obtain empirical evidence about the effect of financial reporting quality on firm value. Financial reporting quality is measured using two proxies, accrual quality through Ball-Shivakumar Model (AQ) and earnings management through Modified Jones Model (EM). Firm value is measured using share price, Price to Book Value, Tobin’s Q, and Market Value-Added. Control variables used are leverage (Debt to Equity Ratio), profitability (Return on Asset), and firm size (ln total assets). This study focuses on manufacturing businesses that were listed on the Indonesia Stock Exchange during the years 2018 and 2021. The sample was chosen through a purposive sampling technique, specifically targeting companies listed on the Indonesia Stock Exchange that operate in the manufacturing sector and provide audited financial statements. Analyzed the secondary data utilizing descriptive statistics, normality test, classical assumption tests, and hypothesis testing. The findings of this investigation are (1) AQ has no effect on share price, PBV, Tobin’s Q and MVA (2) EM has positive and significant effect on all proxies of firm value, except MVA. The quality of financial reporting, the level of leverage, the size of the firm, and its profitability all have a simultaneous and considerable impact on the value of the firm.

show abstract

Impact of Selected Factors Towards Shareholder Value Creation

Cited by 2 publications

References 6 publications

Impact of Financial Leverage Variability on Economic Value Added: A Relational Model to Visualize Sustainable Growth of Business in the Long Run

Impact of Financial Leverage Variability on Economic Value Added: A Relational Model to Visualize Sustainable Growth of Business in the Long Run

The Analysis of Financial Reporting Quality and Firm Value

Contact Info

Product

Resources

About