scholarly journals The Effect of Financial Performance and Innovation on Leverage: Evidence from Indonesian Food and Beverage Sector

2020 ◽  
Vol 11 (22) ◽  
pp. 367-388
Author(s):  
Perdana Wahyu Santosa
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Agency Cost ◽  
Debt Ratio ◽  
Food And Beverage ◽  
Innovation And Technology ◽  
Managerial Implications ◽  
Research Criteria

This article aims to investigate the determinants of firm’s capital structure (debt ratio) such as asset structure, profitability, agency cost, innovation and technology, and firm size as a moderating variable. This study used quarterly data from the financial statements of food and beverage firms at the Indonesia Stock Exchange with a purposive sampling method that met the research criteria with panel data analysis. The findings show that firm size and asset structure affect leverage positively; however, profitability and innovation and technology negatively affect the debt ratio, while agency cost does not affect leverage. All findings are in line with the hypotheses except agency cost. The firm size as a moderating variable shows strengthening of the interaction between agency cost and innovation with leverage. However, interacting with firm size weakens the effect of the relationship between assets structure and profitability with the debt ratio. Managerial implications of the target of debt ratio that creates the value of the firm need to be flexible and controlled by the interaction of the firm size with firm characteristics and innovation to achieve an optimal firm value of F & B sector.

scholarly journals Is the Value of The Company Affected by Company Investment Decisions and Financing Decisions?

2020 ◽  
Vol 3 (2) ◽  
pp. 100-110
Author(s):  
Ramon Arthur Ferry Tumiwa ◽  
John Ronaldo Michael Apituley ◽  
Stevie Alan Lasut
Keyword(s):  
Firm Value ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Investment Decisions ◽  
Manufacturing Companies ◽  
Microsoft Excel ◽  
Financing Decisions ◽  
Food And Beverage ◽  
Investment And Financing ◽  
Positive Effect

This study aims to examine and analyze whether investment and financing decisions have a significant effect on the firm value of manufacturing companies listed on the Indonesia Stock Exchange. This study uses data from food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange during the period 2013 to 2017. The analyzed companies are 13 companies based on sample criteria. The analysis method used is panel data analysis by using Microsoft Excel and Eviews 10 software. The results of this study found that investment decisions have a positive effect but not significant on firm value and financing decisions have a significant and positive effect on firm value in the food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange.

PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Maria Kopa
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Secondary Data ◽  
Coefficient Of Determination ◽  
Manufacturing Companies ◽  
Financial Reports ◽  
Company Value ◽  
Food And Beverage

The company has a specific goal by increasing the prosperity of its owners and shareholders through increasing company value. This study aims to determine the effect of capital structure (DER), firm size (total assets) and profitability (ROA) on firm value (PBV). The object of this study is the food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange (BEI) 2015-2019. This study used a purposive sampling method with several specified criteria, and a sample size of 12 companies, and obtained for five years from the annual financial reports, so that a total of 60 company samples. The type of data used in this study is secondary data, where the data obtained from a ready-made form, has been collected and has been processed by other parties in the form of a sample of company annual financial statements. To determine the effect of independent variables on dependent variables, the analysis method used is descriptive statistical test, classical assumptions, multiple regression analysis, hypothesis testing, t test, f test, and analysis of the coefficient of determination using the SPSS program. The results of this study indicate that capital structure has a positive and significant effect on firm value, firm size has a positive and significant effect on firm value, and profitability has a positive and significant effect on firm value.

Analisis Pengaruh Struktur Modal, Ukuran Perusahaan, dan Pertumbuhan Perusahaan terhadap Nilai Perusahaan

2021 ◽  
Vol 4 (3) ◽  
pp. 813-827
Author(s):  
Dian   Melsa Irawati ◽  
Sri Hermuningsih ◽  
Alfiatul   Maulida
Keyword(s):  
Data Analysis ◽  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Quantitative Research ◽  
Firm Growth ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Negative Effect ◽  
Positive Effect

The purpose of this study was to determine the effect of capital structure, firm size, and firm growth on firm value in the food and beverages industry sector companies listed on the Indonesia Stock Exchange for the 2016-2020 period. This study uses quantitative research with sampling using purposive sampling method, which is a method of selecting samples with certain predetermined criteria. So that in this study, 51 data were obtained from 13 companies that met the criteria. The data analysis technique used is panel data analysis. The results of the study found that partially capital structure had a significant negative effect on firm value, firm size had a significant positive effect on firm value, and firm growth had no positive effect on firm value. Keywords : capital structure, company size, company growth, company value

scholarly journals Analisis Modal Intelektual Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Melalui Kinerja Perusahaan Sebagai Variabel Antara

2019 ◽  
Vol 20 (1) ◽  
pp. 66
Author(s):  
Bayu Aji Kurniawan ◽  
Muslichah Muslichah
Keyword(s):  
Financial Performance ◽  
Path Analysis ◽  
Firm Size ◽  
Intellectual Capital ◽  
Firm Value ◽  
Stock Exchange ◽  
Company Performance ◽  
Food And Beverage ◽  
Positive Effect

This study examines the effect of intellectual capital and firm size on firm value with the company's financial performance as an intervening variable.. The sample used in this study is a food and beverage company that is listed on the Indonesia Stock Exchange (IDX) it the period 2014-2018. Data obtained by 65 samples. Data of this study is analyzed using path analysis. The results show that intellectual capital and firm size had a positive effect oncompany performance and firm value, and company performance mediate the effect of intellectual capital and firm size on firm value.

scholarly journals PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN, STRUKTUR MODAL, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN MAKANAN DAN MINUMAN

2019 ◽  
Vol 8 (4) ◽  
pp. 2297
Author(s):  
I Gusti Ayu Diah Novita Yanti ◽  
Ni Putu Ayu Darmayanti
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Participant Observation ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Observation Methods ◽  
Food And Beverage ◽  
Saturated Sample

The purpose of the study was to determine the effect of firm value on profitability, firm size, capital structure, and liquidity in food and beverage companies on the Indonesia Stock Exchange (BEI) in 2014-2017. The sample determination method used in the study was using saturated sample method, so that the number of samples studied were 13 companies. Data collection methods are non-participant observation methods. This study uses multiple linear regression analysis. The results showed that profitability, firm size, capital structure, and liquidity had a positive and significant effect on the value of the company in food and beverage companies on the Indonesia Stock Exchange in the 2014-2017 period. Keyword: firm value, profitability, company size, capital structure and liquidity

scholarly journals The Effects Of Financial Performance Toward Firm Value With Ownership Structure As Moderating Variable (The Study On Manufacturing Companies Listed In Indonesia Stock Exchange In The Period Of 2012-2016)

2018 ◽  
Vol 2 (1) ◽  
pp. 18-27
Author(s):  
Anida Amalia Luthfiah ◽  
Suherman Suherman
Keyword(s):  
Financial Performance ◽  
Firm Size ◽  
Ownership Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Control Variable ◽  
Institutional Ownership ◽  
Managerial Ownership ◽  
Manufacturing Companies

The aim of this study is to determine the effect of Financial Performance toward Firm Value with Ownership Structure as Moderating Variable on Manufacturing Companies Listed in Indonesia Stock Exchange in The Period of 2012-2016. Independent variable of this study is Financial Performance with Return on Assets as a proxy. Dependent variable of this study is Firm Value with Tobin's Q as a proxy. While moderating variable used in this study is a mechanism of Corporate Governance in the form of Ownership Structure with Managerial Ownership and Institutional Ownership as the proxy. Then control variable in this study are Firm Size and Leverage. The research model of this study employs panel data analysis with Fixed Effect Model approach. The empirical result shows that Financial Performance has positive significant effect on Firm Value. Managerial Ownership and Institutional Ownership can't moderate the relation between Financial Performance on Firm Value. Firm Size has negative significant effect on Firm Value. And Leverage has insignificant effect on Firm Value.

scholarly journals PENGARUH UKURAN PERUSAHAAN, KEPEMILIKAN INSTITUSIONAL, PROFITABILITAS DAN PERUBAHAN LABA TERHADAP NILAI PERUSAHAAN

SIMAK ◽  
2021 ◽  
Vol 19 (02) ◽  
pp. 190-212
Author(s):  
Hermina Lima Baha
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Institutional Ownership ◽  
Multiple Linear Regression Analysis ◽  
Analysis Technique ◽  
Food And Beverage ◽  
Positive Effect

The purpose of this study was to determine the effect of firm size, institutional ownership, profitability, and earnings changes on firm value in the food and beverage subsector listed on the Indonesia Stock Exchange (IDX) for the 2017-2019 period. The population used in this study were 31 companies. While the sample used as many as 16 companies selected by using purposive sampling technique. Multiple linear regression analysis technique is the analysis technique used in this study. Based on the result of the analysis, firm size, institutional ownership, profitability, and earnings changes have a positive effect on firm value.

scholarly journals Factors Affecting Value of Companies (Case Study of The Indonesian Pharmaceutical Industry)

2021 ◽  
Vol 3 (2) ◽  
pp. 23
Author(s):  
Harmaini Harmaini
Keyword(s):  
Data Analysis ◽  
Pharmaceutical Industry ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Analysis Method ◽  
Cross Sectional ◽  
Factors Affecting ◽  
Data Analysis Method

The pharmaceutical industry in Indonesia has good prospects in the future. With the outbreak of Covid 19, the pharmaceutical industry is increasingly important. Firm value reflects the ability of a company to return investment so as to convince investors to invest in the company. It leads us into question what has an impact on firm value. This study aims to determine and analyze the effect of firm size, solvency, and profitability on company assessment either simultaneously or partially. The population in this study were pharmaceutical companies listed on the Indonesia Stock Exchange for the period 2013 to 2018. The sample in this study was selected using a purposive sampling method which selected 7 companies from 12 companies that would be used as research objects. The data analysis method used is the panel data analysis method or a combination of cross sectional and time series. The research results obtained are simultaneously firm size, solvency, and profitability have an effect on firm value. Meanwhile, partially solvency and profitability have an effect on firm value. However, company size has no effect on firm value.

STRUKTUR MODAL DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING. (STUDI KASUS PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI BARANG KONSUMSI YANG TERDAFTAR DI BEI PERIODE 2016-2018).

2020 ◽  
Vol 4 (02) ◽  
Author(s):  
Anindiya Mustika Gunarwati ◽  
Siti Maryam ◽  
Sudarwati Sudarwati
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Company Size ◽  
Manufacturing Companies ◽  
Descriptive Research ◽  
Company Value ◽  
Quantitative Descriptive

The purpose of this study was to determine the effect of Capital Structure and Firm Size on Firm Value with Profitability as Intervening Variables. (Case Study on Manufacturing Companies in the Consumer Goods Industry Sector which are listed on the Indonesia Stock Exchange for the 2016-2018 Period). This research uses quantitative descriptive research type. Sample 27 companies using Purposive sampling technique. The analysis method uses path analysis with SPSS software version 21.Based on the test result min this study that the variable capital structure and company size have a positive and significant effect on profitability. Capital structure has no effect on firm value, firm size and profitability affect company value, and profitability is able to mediate the effect of capital structure and firm size on firm value. Keywords: capital structure, company size, profitability and firm value.

ANALISIS PENGARUH AGENCY COST TERHADAP DIVIDEND PAYOUT RATIO (Pada Perusahaan Manufaktur di Bursa Efek Indonesia Tahun 2010-2011)

2013 ◽  
Author(s):  
Raudhatul Hidayah
Keyword(s):  
Firm Size ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Agency Cost ◽  
Regression Method ◽  
Linear Regression Method ◽  
Dividend Payout ◽  
Multiple Linear Regression Method

The main purpose of the research was to know partially the influence of institutional ownership, collateralizable assets, debt to total assets and firm size on dividend payout ratio in firms that listed at Indonesia Stock Exchange of 2010–2011 period. The other purpose is to know simultaneously the influence of institutional ownership, collateralizable assets, debt to total assets and firm size on dividend payout ratio in firms that listed at Indonesia Stock Exchange of 2010–2011 period. The population of this research was all the firms that listed at Indonesia Stock Exchange of 2010-2011 period namely, 136 in number. The sample, 27 firms, was taken by the use of purposive sampling method. The technique of data collection used was documentation.  The data analysis made use of multiple linear regression method. The results showed that partially institutional ownership had a positive and significant effect to dividend policy. Collateralizable assets, debt to total assets and firm size partially was not significant to dividend policy. Simultaneously institutional ownership, collateralizable assets, debt to total assets and firm size had a positive and significant effect to dividend payout ratio.

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