Does Qualified Auditor Opinion Moderate the Relationship between Book-Tax Differences and Firm Value? Evidence from Egypt

A number of studies in Corporate Social Responsibility (CSR) have suggested that corporates accountable for social responsibilities had better financial performance. However, this relationship had remained undiscovered in Vietnam. The purpose of this research was to examine a link between Corporate Social Responsibility disclosures and firm value in Vietnam. A sample of 50 companies listed on stock exchanges in Hochiminh City (HOSE) and Hanoi (HNX) were investigated from 2010 to 2013. Content of annual reports were analyzed to measure corporate social responsibilities, and Tobin’s Q ratio was proxied for firm value. Regression analysis tests indicated that social responsibility disclosures are associated with following year’s firm value. Specifically, the relationship between environmental information provision and following year’s firm value was positive, while that between employee disclosures and firm value was negative. The results show a positive sign for Vietnamese firms that take on environmental responsibilities.

Download Full-text

Capital Structure-Firm Value Nexus: Moderating Role of Profitability

Revista Finanzas y Política Económica ◽

10.14718/revfinanzpolitecon.2019.11.2.9 ◽

2020 ◽

Vol 11 (2) ◽

pp. 375-386

Author(s):

Hamed Ahmad Almahadin ◽

Yazan Salameh Oroud

Keyword(s):

Capital Structure ◽

Firm Value ◽

Panel Data Analysis ◽

Policy Implications ◽

Ample Evidence ◽

Functional Models ◽

The Impact ◽

The Relationship ◽

Moderating Role

This study aims to investigate the moderating role of profitability in the relationship between capital structure and firm value in Jordan, as an example of an emerging economy. For this purpose, two functional models were formulated to capture the direct relationship as well as the interaction impact of capital structure on firm value. The robust empirical findings of panel data analysis provide strong evidence of an adverse relationship between capital structure and firm value. The findings confirm that the impact of capital structure appears to be complicated in nature and difficult to examine without controlling for the interaction of profitability as one of the major determinants. Therefore, studying the interaction effect provides ample evidence and enhances the understanding of the link between firm value and capital structure. The empirical results of the study may provide important insights and policy implications to decision-makers.

Download Full-text

DETERMINANTS OF FIRM VALUE ON CONSUMPTION SECTOR IN INDONESIA

Jurnal Manajemen ◽

10.31937/manajemen.v13i1.2033 ◽

2021 ◽

Vol 13 (1) ◽

pp. 123-135

Author(s):

Ji Kyoung Jang ◽

Prio Utomo

Keyword(s):

Economic Growth ◽

Firm Size ◽

Consumer Goods ◽

Firm Value ◽

Listed Company ◽

Current Ratio ◽

Dividend Payout ◽

Financial Report ◽

Sustainable Economic Growth ◽

The Relationship

Abstract- The purpose of study is to understand the dominan determinants factor which is debt to asset ratio, current ratio, dividend payout ratio and firm size that will influence the firm value in consumer goods companies in Indonesia. To able to maintain dan increase the Indonesia economic growth, Investment and consumption are two main contributor to sustainable economic growth in Indonesia. The study seek for more understanding the determinant that influence the firm value that could support investor decision in consumer goods The study seek for relationship between determinants to predict firm value in the consumption industry which previously done in other sector with inconclusive result. The sample used in this research came from the financial report of 10 of 50 public listed company in IDX between 2013-2017 has high credibility and stability with purposive sampling. The Multiple Regression of modeling are used to analyze the relationship between determinants. The debt to asset ratio, current ratio, and firm size are affect the firm size significantly except for the devident payout ratio, with debt to asset ratio with the most effecting factor. DAR can reflect how financially stable a company is. The higher the ratio, the higher the degree of leverage and, consequently, the higher the risk of investing in that company. Keywords: Firm Size; Consumer Goods; Debt to Asset Ratio; Current Ratio; Firm Size; Dividend Payout Ratio

Download Full-text

Pengaruh Pengungkapan Manajemen Risiko Terhadap Nilai Perusahaan Melalui Kinerja Keuangan Di Industri Perbankan Indonesia

Owner ◽

10.33395/owner.v4i2.257 ◽

2020 ◽

Vol 4 (2) ◽

pp. 467

Author(s):

Agung Supriyadi ◽

Christina Tri Setyorini

Keyword(s):

Risk Management ◽

Firm Value ◽

Sampling Method ◽

Stock Exchange ◽

Relevant Information ◽

Government Regulations ◽

Management Disclosures ◽

The Relationship ◽

Positive Effect ◽

Determining Factor

Investors assess and demand banks to improve their risk management. Then, the profit earned by the bank is not yet known the effect of risk management on firm value. The aim of this study is to determine the effect of risk management disclosures on firm value with profitability as a mediating variable. The population used in this study are all banks listed on the Indonesia Stock Exchange (IDX) in the period of 2016 to 2018. This type of research is a correlational study consisting of thirty-six banks as research samples. Furthermore, the sampling method used in this study was purposive sampling. The results showed that the disclosure of risk management has a positive effect on profitability and firm value. Then, the risks and opportunities in this study can be managed well by the company so that it has a positive effect on increasing the company's profitability. The market implication assumes that risk management disclosures can be used as one of the relevant information to increase the value of the company. However, profitability in this study cannot mediate the relationship between risk management disclosure and firm value. The size of profitability produced in banks in Indonesia is not a determining factor in managing a company's risk management activities. So it can be concluded that risk management is disclosed solely because it fulfills corporate responsibilities and complies with government regulations.

Download Full-text