Pengaruh Free Cash Flow Terhadap Nilai Perusahaan

Zurriah, Rezki

doi:10.30596/jrab.v21i1.6530

Cited by 6 publications

(5 citation statements)

References 2 publications

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“…The results of this study are also supported by Zurriah, (2021) which states that the free cash flow variable simultaneously and partially has a positive and significant effectt on firm value. This cash flow reflects the rate of return for investors, be it in the form of debt or equity.…”

Section: Free Cash Flow Impact On Firm Valuesupporting

confidence: 79%

Impacts of Free Cash Flow and Agency Cost on Firm Performance

Muzakki,

Gandakusuma

2023

WIGA

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This study aims to examine the effect of free cash flow and agency cost to firm performance. The purpose of this study to provide empirically evidence about the effect of free cash flow and agency cost to firm performance. This study also examines the free cash flow hypothesis developed by Jensen (1986). Recent study about this topic resulting mixed/various result. Free cash flow in this study measured by free cash flow t-1, agency cost proxied by operating expenses ratio. Firm performance divided into three, operational performance measured by ROA, firm value measured by tobin's q ratio, and share return measured by holding period return. This study will conduct on manufacturing companies listed on Indonesian Stock Exchange period of 2017-2021. Sample were selected by purposive random sampling method and finally obtained 396 samples that fulfill the criteria. Data were analyzed using multiple regression analysis. The result show that free cash flow has insignificant positive effect on firm operational performance, firm value and share return. Agency cost has significant negative effect on firm operational performance, firm value and share return. This study provides empirical evidence of the effect agency cost on firm performance and provides contribution to the literature on free cash flow hypothesis topics

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Section: Free Cash Flow Impact On Firm Valuesupporting

confidence: 79%

Impacts of Free Cash Flow and Agency Cost on Firm Performance

Muzakki,

Gandakusuma

2023

WIGA

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“…Some of the efforts that can be made are investing in technology that can support operational performance or the company's sustainability performance. Research from Tangngisalu & Atestasi [13] and Zurriah [14] revealed that the excess cash value in a company had a positive and significant effect on firm value.…”

Section: Resultsmentioning

confidence: 99%

The Effect of Sustainability Disclosure with Good Corporate Governance as a Moderating Variable on Firm Value

Iskandar,

Feliana,

Eriandani

2023

Advances in Economics, Business and Management Research

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By using a cross-sectional dataset comprising companies listed on the Indonesia Stock Exchange in 2017-2021, this study aims to determine whether the implementation of good corporate governance (GCG) can strengthen the effect of the quality and quantity of sustainability disclosures on firm value. The quality and quantity of sustainability disclosure are proxied based on the calculation of the score on the Global Reporting Initiative (GRI) disclosure; the GCG variable is proxied by the number of members of the board of commissioners, the proportion of independent commissioners, and the number of audit committee meetings; and firm value is proxied by Tobins' Q variable. The results of this study are that the quality and quantity of sustainability disclosure positively and significantly impact firm value. Of the three GCG variables used, only the independent commissioner proportion moderates the effect of the quality of sustainability disclosures on firm value.

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“…Dalam konteks ini, listing price capitalization menggambarkan keadaan harga saham di bursa sebagai akibat adanya permintaan dan penawaran pada perusahaan yang telah go public. Zurriah (2021) mengemukakan bahwa tingginya nilai perusahaan menentukan tingginya harga saham.…”

Section: Pendahuluanunclassified

“…Optimalisasi pencapaian tujuan perusahaan akan dapat dicapai jika manajemen dan pemegang saham memiliki hubungan yang baik sehingga tujuan dapat diraih dengan efektif (Fadly Bahrun et al, 2020). Suatu perusahaan dinilai baik jika nilai perusahaan menggambarkan kinerja yang optimal dan hal tersebut berlaku sebaliknya (Zurriah, 2021). Perusahaan yang go public mencerminkan nilai perusahaannya atas harga saham.…”

Section: Nilai Perusahaanunclassified

Pengaruh Pertumbuhan Perusahaan, Free Cash Flow, Dan Investment Opportunity Set Atas Nilai Perusahaan

Sugiharto¹,

Hendratno²

2022

mea

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Nilai perusahaan direfleksikan atas harga saham yang merupakan gambaran kinerja perusahaannya dimana akan mencerminkan respon dari investor. Bertambah besar nilai perusahaan, investor akan bertambah merespon positif. Riset ini memiliki maksud meneliti pengaruh secara simultan dan parsial pertumbuhan perusahaan, free cash flow, dan investment opportunity set atas nilai perusahaan pada perusahaan manufaktur sektor industri barang konsumsi yang terdaftar pada Bursa Efek Indonesia tahun 2016-2020. Teknik sampel yang dijalankan dalam riset ini adalah purposive sampling. Berdasarkan purposive sampling didapatkan 31 sampel perusahaan. Metode analisis data pada riset ini adalah analisis statistik deskriptif dan regresi data panel dengan menggunakan software eviews 12. Hasil riset ini menampakkan pertumbuhan perusahaan (GROWTH), free cash flow (FCF), dan investment opportunity set (MVBVA) berpengaruh secara simultan atas nilai perusahaan. Variabel pertumbuhan perusahaan dan investment opportunity set secara parsial berpengaruh signifikan atas nilai perusahaan. Sedangkan variabel free cash flow tidak berpengaruh signifikan atas nilai perusahaan pada perusahaan manufaktur sektor industri barang konsumsi yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2016-2020.

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Pengaruh Free Cash Flow Terhadap Nilai Perusahaan

Cited by 6 publications

References 2 publications

Impacts of Free Cash Flow and Agency Cost on Firm Performance

Impacts of Free Cash Flow and Agency Cost on Firm Performance

The Effect of Sustainability Disclosure with Good Corporate Governance as a Moderating Variable on Firm Value

Pengaruh Pertumbuhan Perusahaan, Free Cash Flow, Dan Investment Opportunity Set Atas Nilai Perusahaan

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