scholarly journals The Effect of Innovational Performance on Determining Firm Value: Evidence from Indonesia

2020 ◽  
Vol 11 (2) ◽  
pp. 228-241
Author(s):  
Eka Handriani
Keyword(s):  
Firm Value ◽  
Regression Models ◽  
Stock Exchange ◽  
Manufacturing Firms ◽  
Manufacturing Companies ◽  
Significant Determinant ◽  
Performance Variables ◽  
Multiple Regression Models ◽  
Total Investment

This study explores the most significant determinant of capital structure towards the value of manufacturing companies in Indonesia. Multiple regression models were used as statistical tools to investigate the most significant determinants of the firm value of manufacturing companies in Indonesia for a sample of 300 manufacturing firms listed on the Indonesia Stock Exchange. The results showed that profitability, company size, dividend, investment, and innovational performance were positively related to firm value. Debt was negatively related to firm value and dividend was an insignificant firm value determinant. Meanwhile, the influence of innovational performance variables mediating the effect of investment on firm value showed that the role of mediation innovational performance was able to increase the influence of total investment on firm value. Furthermore, empirical findings will help company managers to make decisions about the attempts to increase the firm value.

scholarly journals Capital Structure and Ownership: Intellectual Capital Disclosure Indicator

2021 ◽  
Vol 56 (3) ◽  
pp. 549-566
Author(s):  
H. Hersugondo ◽  
Imam Ghozali ◽  
Endang Triwidyarti ◽  
Eka Handriani
Keyword(s):  
Capital Structure ◽  
Intellectual Capital ◽  
Regression Models ◽  
Audit Committee ◽  
Stock Exchange ◽  
Manufacturing Firms ◽  
Manufacturing Companies ◽  
Pecking Order ◽  
Multiple Regression Models ◽  
Negative Effect

The purpose of this paper is to examine the most significant determinants of the intellectual capital of manufacturing firms in Indonesia. Furthermore, using a regression model, it investigates whether the models proposed can provide the same explanation in Europe as in Indonesia. Multiple regression models were used during this study. Ten variables were tested statistically, using e-views of samples of 176 manufacturing companies listed on the Indonesia Stock Exchange during this study. The results indicate that leverage, audit committee, company size, and the independent board positively influence intellectual capital disclosure. However, leverage has a negative effect on firm size. These findings comply with the pecking order and financial agency theory, which helps understand the application of various studies on value for firms in Indonesia. This research was able to explore the IC determinants of manufacturing firms. However, more detailed evaluations could be conducted.

scholarly journals Pengaruh intellectual capital disclosure, kinerja keuangan, dan kepemilikan manajerial terhadap nilai perusahaan

JURNAL PUNDI ◽  
2018 ◽  
Vol 2 (1) ◽  
Author(s):  
Muhammad Rivandi
Keyword(s):  
Intellectual Capital ◽  
Firm Value ◽  
Regression Models ◽  
Sampling Method ◽  
Positive Impact ◽  
Stock Exchange ◽  
Managerial Ownership ◽  
Analysis Method ◽  
A Value ◽  
Multiple Regression Models

The achievement of a value of the firm may effect positive impact, both internal and external's company (Debby, Mukhtaruddin, Yuniarti, Saputra, & Abukosim, 2014).This study aims to examine the effect of intellectual capital, financial performance, and managerial ownership on the firm value. The samples of this study are 30 companies listed in Indonesia Stock Exchange selected by using purposive sampling method. Data analysis method used is Multiple regression models. The result this study tested that intellectual capital disclosure have t statistics the biggest than t table (4,137 ≥  1,652), leverage has t statistic the smallest than t table (-0,621 ≤ - 1,652), profitability has t statistic the biggest than t table (2,348 ≤ 1,652) and managerial ownership has t statistic the biggest than t table (2,157 ≥ 1,652). Base on hypothesis tested that the Intellectual Capital Disclosure, Profitability, and Managerial Ownership variable  has Positive a significant effect on the Firm Value, whereas Leverage Variable significant no effect on the Firm Value   Keywords:Intellectual capital disclosure, leverage, profitability, manajerial ownership and firm value

scholarly journals The role of Internet Financial Reporting (IFR) in mediating manufacturing firm value on Indonesia Stock Exchange (IDX)

2020 ◽  
Vol 2 (2) ◽  
pp. 169
Author(s):  
Khoirul Fuad ◽  
Nurlita Dwi Ariyani ◽  
Retno Tri Handayani
Keyword(s):  
Financial Reporting ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Manufacturing Companies ◽  
Manufacturing Firm ◽  
Purposive Sampling ◽  
The Relationship

<p class="IABSSS"><strong>Purpose</strong> - This research aimed to determine the role of Internet Financial Reporting application for manufacturing companies on Indonesia stock exchange in the increase of firm value both directly and indirectly.</p><p class="IABSSS"><strong>Method </strong>- This research used a purposive sampling method. The number of data collected was 95 company samples. This research employed SPSS 25 for testing the data.  </p><p class="IABSSS"><strong>Result</strong> - The results of this study indicated that Internet Financial Reporting can mediate the relationship between institutional ownership and profitability on firm value.</p><p class="IABSSS"><strong>Implication</strong> - Internet Financial Reporting application for companies today attracts investors to invest their capital to the companies because of the ease in getting the information needed at any time.</p><strong>Originality</strong> - This study used Internet Financial Reporting as mediation and source of the data year 2018.

scholarly journals PERAN KEPEMILIKAN MANAJERIAL SEBAGAI MEKANISME PENINGKATAN KUALITAS LABA DAN NILAI PERUSAHAAN

2018 ◽  
Vol 15 (2) ◽  
pp. 144-161
Author(s):  
Fenny Putrianti ◽  
Sugi Suhartono
Keyword(s):  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Managerial Ownership ◽  
Manufacturing Companies ◽  
Purposive Sampling ◽  
The Relationship

This research is aimed to determine the role of managerial ownership as a mechanism to improve the quality of earnings and value companies in manufacturing companies listed in the Indonesia Stock Exchange period 2014-2016. The sample in this study is a manufacturing company listed on the Indonesia Stock Exchange (BEI) in the period 2014-2016. The sample were selected by purposive sampling method, with the number of sample is 312 companies. The results showed that managerial ownership negatively affects firm value and managerial ownership does not affect the quality of profit but has a negative relationship. In addition, the results also show that the quality of earnings does not affect the value of the company but has a negative relationship. In addition, the quality of earnings does not affect the value of the company. Based on the analysis, the quality of earnings as intervening variable is not able to mediate the relationship between managerial ownership and firm value.

scholarly journals Gender diversity and firm value: a study on boards of public manufacturing firms in Indonesia

2017 ◽  
Vol 15 (3) ◽  
pp. 276-284
Author(s):  
Syamsudin Syamsudin ◽  
Erna Setiany ◽  
Sajidah Sajidah
Keyword(s):  
Linear Regression ◽  
Multiple Linear Regression ◽  
Board Of Directors ◽  
Firm Value ◽  
Stock Exchange ◽  
Gender Diversity ◽  
Manufacturing Firms ◽  
Manufacturing Companies ◽  
Short Term ◽  
Research Results

This study aims to analyze the effect of gender diversity in both the Board of Commissioners and Board of Directors, as well as the effect of education background of the President Commissioner on the firm value. Gender diversity is measured from the proportion of women in Board of Commissioners and Board of Directors, while the education background is measured by the education background of the President Commissioner. In this research, the firm value is measured by Tobins Q. The sample used in this study consist of 70 manufacturing companies listed in Indonesian Stock Exchange in the year 2012. This study employs multiple linear regression to draw the research results. The analysis results show that gender diversity in both the Board of Commissioners and Board of Directors significantly affects firm value. On the contrary, the education background of the President Commissioner does not affect firm value. This result support the argument that diversity of boards will, through various ways, affect firm financial value in the long and short term.

scholarly journals PERANAN GOOD CORPORATE GOVERNANCE UNTUK MEMINIMALISASI TINDAKAN CREATIVE ACCOUNTING PADA PERUSAHAAN MANUFAKTUR DI INDONESIA

2019 ◽  
Vol 7 (3) ◽  
pp. 103-114
Author(s):  
Indah Oktari Wijayanti ◽  
Dri Asmawanti S
Keyword(s):  
Corporate Governance ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Managerial Ownership ◽  
Manufacturing Companies ◽  
Creative Accounting ◽  
Good Corporate Governance ◽  
Corporate Governance Mechanisms ◽  
Multiple Regression Models

This study aims to examine the influence of the role of good corporate governance to minimize creative accounting actions in manufacturing companies listed on the Indonesian stock exchange (BEI) in 2015-2017. The variables tested in this study consisted of institutional ownership and managerial ownership and creative accounting in proxy with earnings management as measured by discretionary accruals estimated using the modified Jones model (1995). The sample of this study is a manufacturing company listed on the Stock Exchange in 2013-2017. This study uses purposive sampling method in determining the number of samples used and obtained 77 companies used as samples. Multiple regression models and descriptive statistics are used for data analysis. The results show that corporate governance mechanisms that are proxied by institutional ownership and managerial ownership do not affect earnings management.Keywords: institutional ownership, managerial ownership, creative accounting.

scholarly journals Investigating the Role of Management Ownership in Revealing Firm Value

2021 ◽  
Vol 4 (2) ◽  
pp. 100-109
Author(s):  
Deddy Mendai Zuhriansyah ◽  
Aprih Santoso
Keyword(s):  
Regression Analysis ◽  
Multiple Regression Analysis ◽  
Firm Value ◽  
Stock Exchange ◽  
Financial Statements ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Management Ownership ◽  
Asset Turnover

This study aims to analyze the role of management ownership in moderating the effect of total asset turnover on firm value. The data is taken from the financial statements and annual reports of manufacturing companies listed on the Indonesia Stock Exchange for the period 2017 – 2019. Using purposive sampling, 27 companies were selected as research samples. The data was processed by multiple regression analysis using the help of the IBM SPSS Statistic 25 application. The results showed that TATO had no significant effect on firm value. The results of testing the moderating variable show that management ownership does not moderate the effect of TATO on firm value Keywords: TATO, firm value, finance, ratio

scholarly journals The Role of Manager Compensation and Integrated Reporting in Company Value: Indonesia vs. Singapore

Economies ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 142
Author(s):  
St. Dwiarso Utomo ◽  
Zaky Machmuddah ◽  
Dian Indriana Hapsari
Keyword(s):  
Firm Value ◽  
Positive Impact ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Integrated Reporting ◽  
Company Value ◽  
The Impact ◽  
Manager Compensation ◽  
A Company

The disclosure of integrated reporting elements can reduce information asymmetry for investors when valuing a company. This study aimed to empirically evaluate the effect of manager compensation, directly or indirectly, on firm value, through the mediating role of the disclosure of integrated reporting elements. The research sample included manufacturing companies listed on the Indonesia Stock Exchange (IDX) and the Singapore Stock Exchange (SGX). The method of analysis was PLS-SEM, using the WarpPLS 7.0 application. The results showed that compensation significantly affects firm value and the disclosure of integrated reporting elements. Integrated reporting has a significant positive impact on firm value. In addition, the disclosure of integrated reporting can mediate the impact of manager compensation on increasing firm value. This research theoretically supports agency theory, disclosure theory, and signal theory, although it is not fully applicable to each country or region of the sample company. The current research contributes to the understanding of the importance of a company’s integrated reporting disclosure in improving company value among investors. Integrated reporting describes how a company creates value over time. Our results also suggest that regulators should oblige public companies to disclose integrated reporting.

scholarly journals Peran Determinasi Working Capital Policy terhadap Company Financial Performance

Performance ◽  
2019 ◽  
Vol 26 (1) ◽  
pp. 1
Author(s):  
Intan Shaferi ◽  
Rio Dhani Laksana
Keyword(s):  
Financial Performance ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Working Capital ◽  
Financial Decisions ◽  
Operational Activity ◽  
Relationship Of

Financial decisions in the company are an important part that is very influential on operational and financial performance. The survival of a company is showed from an operational activity that carried out, so that the company gets the desired results. Financial decisions in the form of working capital policies are important for the survival of the company. Companies can use working capital to get good financial performance. Financial performance can be reflected in profitability and firm value. The role of working capital towards financial performance in companies involves other factors, namely firm size. Large companies with assets have quite a lot of different policies on the use of working capital. This impact will affect the financial performance produced. Associated with the size of the company, this study examines working capital for financial performance by considering firm size. The study aims to examine working capital for financial performance. The study was conducted on manufacturing companies in the Indonesia Stock Exchange with a study period of three years 2015 to 2017. Test results showed the relationship of working capital to financial performance by considering firm size. With this connection, it shows the importance of using woking capital that is good enough to generate profitability and firm value.   Keywords: working capital, financial performance, profitability, firm value, firm size.

scholarly journals Efek Mekanisme Good Corporate Governance dan Kinerja Keuangan terhadap Nilai Perusahaan

2021 ◽  
Vol 11 (1) ◽  
pp. 43-62
Author(s):  
Mohamad Nur Utomo ◽  
Iin Ariska
Keyword(s):  
Corporate Governance ◽  
Firm Value ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Manufacturing Companies ◽  
Insignificant Effect ◽  
Good Corporate Governance ◽  
Institutional Shareholders

This study aims to examine the effects of institutional ownership, independent board of commissioners, profitability and liquidity on firm value. Goods and consumer manufacturing companies listed on the Indonesia Stock Exchange were sampled in this study with the period 2015 to 2019. Data analysis used statistical methods. The results showed that Institutional Ownership and Profitability had a positive and significant effect on firm value. Meanwhile, the independent board of commissioners has a negative and insignificant effect on firm value, liquidity has a positive and insignificant effect. This study implies that increased monitoring of institutional shareholders and increased performance is an effective way to increase firm value.  In addition, the company must continue to improve the supervisory role of the independent board of commissioners and maintain the level of liquidity in order to have a long-term advantage.  

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