A Study on the Impact of Firm Size on the Threshold Point from Nonlinear Relationship between CSR and Firm Value

2020 ◽  
Vol 11 (2) ◽  
pp. 207-233
Author(s):  
Jong-Hee Kim
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Nonlinear Relationship ◽  
The Impact ◽  
Threshold Point

scholarly journals The Effect of Financial and Non-Financial Factors on Firm Value

2020 ◽  
Vol 9 (2) ◽  
pp. 131-137
Author(s):  
Nuke Monika Kristi ◽  
Heri Yanto
Keyword(s):  
Firm Size ◽  
Asset Management ◽  
Environmental Performance ◽  
Firm Value ◽  
Activity Ratio ◽  
Sampling Technique ◽  
Negative Influence ◽  
Positive Direction ◽  
Financial Factors ◽  
The Impact

This study aims to explain the impact of financial and non-financial factors, namely firm size, profitability, leverage, liquidity, activity ratio, CSR disclosures and environmental performance on firm value. This research is quantitative study with causality research design. Company Performance Rating Program in Environmental Management (PROPER) participating companies whose shares are listed on the IDX during 2015-2019 were the population of this study. The purposive sampling technique was chosen to obtain the sample of 35 companies with 140 units of analysis. This research applied a multiple linear regression test on panel data collected from secondary data. The results show the firm value can be explained by firm size, profitability, and activity ratio in a positive direction. Meanwhile, the negative influence is shown by leverage and liquidity and CSR disclosure & environmental performance cannot influence the firm value significantly. Managers are expected can optimize their asset management, because firm size, profitability, and activity ratio have a positive and significant effect on firm value and be careful of using debt, because liquidity and leverage are proven to have negative effect on firm value.

scholarly journals The Effect of Firm Size and Profitability on Firm Value with Capital Structure as Intervening Variables in Indonesia

2019 ◽  
Vol 4 (2) ◽  
pp. 55
Author(s):  
Indra Arifin Djashan
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Company Performance ◽  
Purposive Sampling ◽  
The Impact ◽  
The Relationship ◽  
Intervening Variables ◽  
The Capital Structure

This study examines the impact of firm size and profitability on firm value with capital structure as an intervening variable in financial companies listed on the Indonesia Stock Exchange during three years. The method used for sampling is purposive sampling based on predetermined criteria. The number of samples in this study were 73 companies. Measurement of profitability is using ROA and ROE as one indicator to see company performance. The main purpose of companies that have gone public is to increase the prosperity of the owners or shareholders through increasing the value of the company. The results showed that the improvement of profitability and firm size may improve its capital structure. The improvement of profitability and the firm size may increase significantly the firm value. The results of mediating test showed that the capital structure is not able to mediate the relationship between the profitability and firm size to firm value

scholarly journals Analisis Faktor-Faktor yang Memengaruhi Nilai Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia

2021 ◽  
Vol 31 (12) ◽  
pp. 3148
Author(s):  
Ni Luh Nyoman Sherina Devi ◽  
Ida Ayu Ratih Manuari
Keyword(s):  
Decision Making ◽  
Firm Size ◽  
Firm Value ◽  
Shareholder Wealth ◽  
Company Size ◽  
Testing Technique ◽  
Organization Capital ◽  
Capital Construction ◽  
The Impact ◽  
Firm Development

Firm value is closely related to shareholder wealth and become the main focus of investor decision making. This study analyzes the impact of capital design, productivity, profit strategy, firm development, also, firm size on the value of assembling organizations. Purposive testing technique was utilized and gotten 47 assembling organizations with 3 years perception, with all out 141 examples. Various direct relapse examination was utilized as a scientific procedure in this review. Results showed that profitability positively affected firm worth. While capital design, profit strategy, firm development, and firm size were found to have no impact on firm worth. Organizations are encouraged to improve and focus closer on factors, for example, productivity that can influence the worth of the organization. Keywords : The Worth of the Organization; Capital Construction; Dividend Strategy; Profitability; Company Development; Company Size.

scholarly journals THE EFFECT OF INTERNAL FACTORS ON CAPITAL STRUCTURE AND ITS IMPACT ON FIRM VALUE: EMPIRICAL EVIDENCE FROM THE FOOD AND BAVERAGES INDUSTRY LISTED ON INDONESIAN STOCK EXCHANGE 2013-2017

2020 ◽  
Vol 6 (7) ◽  
pp. 173-191
Author(s):  
M.Noor Salim ◽  
Rina Susilowati
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Manufacturing Companies ◽  
Negative Effect ◽  
The Impact ◽  
Positive Effect

This research aims to analyze the effects of profitability (ROA), liquidity (CR), assets growth, and firm size towards capital structure (DER) and the impact on firm value (PBV).This research uses secondary data from yearly financial statement of food and baverages companies listed in Indonesian Stock Exchange for period 2013-2017. The research design uses descriptive quantitative research and causality. Sampling method uses purposive sampling method, with some predetermined criteria, the number of sample is 17 manufacturing companies. The analysis technique used is panel data regression. The research results shows that the profitability (ROA) and firm size partially have negative effect and not significant on capital structure (DER). The liquidity (CR) and assets growth partially have negative effect and significantly on capital structure (DER). Then the capital structure (DER) partially have positive effect but not significantly influences the firm value (PBV). The profitability (ROA) partially have positive effect and significant on firm value (PBV). The liquidity (CR) and assets growth partially have negative and significant effect on firm value (PBV), and firm size partially have negative and not significant effect on firm value (PBV). Simultaneously profitability (ROA), liquidity (CR), assets growth and firm size effect on capital structure (DER). On the other side, simultaneously profitability (ROA), liquidity (CR), assets growth and firm size have effect on firm value (PBV).

scholarly journals Pengaruh Sales Growth, Firm Size, Debt Policy, Return On Asset terhadap Nilai Perusahaan pada Perusahaan Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia

2019 ◽  
Vol 2 (2) ◽  
pp. 345-355
Author(s):  
Lusiana Veronika Sinaga ◽  
Antonia Masriani Nababan ◽  
Annisa Nauli Sinaga ◽  
Thomas Firdaus Hutahean ◽  
Siti Tiffany Guci
Keyword(s):  
Regression Analysis ◽  
Real Estate ◽  
Firm Size ◽  
Firm Value ◽  
Sampling Method ◽  
Linear Regression Analysis ◽  
Sales Growth ◽  
Analysis Technique ◽  
The Impact ◽  
Debt Policy

The company was builded to maximixing the wealth of their owner or their stokeholders. The company’s goal can be achieved by maximizing the firm value.The purpose of this research is to find out the impact of  some variables such as Growth of Sales, Firm Size, Debt Policy, and ROA, to Firm Value on companies to Property and Real Estate  period 2013-2016.Purposive sampling method was used in sampling and 26 companies were used as sample.Method of  observation and using Linear Regression Analysis as the Analysis technique and 26 companies were used as sample.The result showed that Growth of Sales has significant and not impact on Firm Value, Firm Size has a positive and significant impact on Firm Value, Debt Policy not impact and not significanton firm value. And ROA has a positive and significant impact to Firm Value.The firm value is very important because the higher is the firm value, the higher is the wealth of the company’s owner. To the investors that they may point out the Return on Asset and before make an investment. Keywords : Sales Growth, Firm Size, Debt Policy, Return on Asset

scholarly journals The Impact of Institutional Ownership and a Firm's Size on Firm Value: Tax Avoidance as a Moderating Variable

2018 ◽  
Vol 3 (1) ◽  
pp. 01-08
Author(s):  
Vince Ratnawati ◽  
Azhari S. ◽  
Desmond Freddy ◽  
Nita Wahyuni
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Tax Avoidance ◽  
Institutional Ownership ◽  
Jel Classification ◽  
Least Square ◽  
Manufacturing Companies ◽  
The Impact ◽  
The Relationship

Objective - The objective of this study is to investigate how institutional ownership and firm size affect firm value. The study also investigates the moderating effect of tax avoidance on the relationship between institutional ownership and the size of a firm on its value. Methodology/Technique - A model was developed and tested using a sample of 66 manufacturing companies listed on the Indonesian Stock Exchange between 2012 and 2014. Findings - The data was collected and analysed using a least square regression and moderated regression analysis. The analysis shows that institutional ownership and firm size affect firm value. The results also indicate that tax avoidance moderates the effect of institutional ownership and that of a firm's size on its value. Type of Paper - Empirical Keywords: Institutional Ownership, Firm Size, Tax Avoidance, Firm Value. JEL Classification: G30, G32, G39.

scholarly journals Exploring the impact of sustainability (ESG) disclosure on firm value and financial performance (FP) in airline industry: the moderating role of size and age

2021 ◽  
Author(s):  
Yaghoub Abdi ◽  
Xiaoni Li ◽  
Xavier Càmara-Turull
Keyword(s):  
Firm Size ◽  
Airline Industry ◽  
Firm Value ◽  
Low Cost ◽  
Air Transport Industry ◽  
Managerial Strategy ◽  
Sustainability Disclosure ◽  
The Impact ◽  
Moderating Role

AbstractThis study aims at exploring the impact of ESG scores on the value and FP of firms in the airline industry. The potential moderating role of firm size and age has also been studied in an effort to disentangle their relationships in this context. In particular, the analysis involves interaction effects for two types of firms: full-service and low-cost carriers. Based on the collected data from 38 airlines worldwide for the period 2009 to 2019, we observed that contributions to governance initiatives improve a firm’s market-to-book ratio. We also found that a firm’s participation in social and environmental activities is positively and significantly rewarded by a higher level of financial efficiency. Additionally, firm size is the relevant moderator for the association between sustainability disclosure and both firm value and FP in the air transport industry. We therefore propose that a managerial strategy of participating in these initiatives may adapt them based on their total assets as proxy of firm size. In regard to firm age, we did not find it to be a significant moderator.

scholarly journals CAPITAL STRUCTURE, PROFITABILITY AND FIRM VALUE: EVIDENCE FROM MINING COMPANIES

2018 ◽  
Vol 4 (1) ◽  
pp. 1-12
Author(s):  
Diga Cendekia Budianto ◽  
Yosman Bustaman
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Firm Size ◽  
Firm Value ◽  
Control Variable ◽  
Total Asset ◽  
Revenue Growth ◽  
Mining Companies ◽  
The Impact ◽  
The Capital Structure

This research investigates the impact of firm capital structure on profitability and firm value of the twenty eight mining companies listed in Indonesia Stock Exchange from the year 2009 to 2013. The capital structure is measured by the proportion of debt over total asset, ROA and ROE are used to measure the firm profitability, meanwhile stock price is applied to measure firm value. This study uses panel data regression analysis. After controlling with external factor such as GDP rate and inflation rate, and internal factor such as revenue growth and firm size (total asset), we find leverage has negative impact on ROA however they are not significant, thus it could be said capital structure has no effect on financial performance. The indicators that significantly affect financial performance come from the control variable, which is revenue growth. Our research also finds that the capital structure has a significant effect towards firm value. The firm size and GDP rate is more impactful towards firm value. This contradicts with the MM’s capital structure irrelevance proposition, but supports other theories such as pecking order theory and Trade-off theory

scholarly journals INFLUENCE OF FIRM SIZE, LEVERAGE, PROFITABILITY, AND DIVIDEND POLICY ON FIRM VALUE OF COMPANIES IN INDONESIA STOCK EXCHANGE

2021 ◽  
Vol 10 (2) ◽  
pp. 45-61
Author(s):  
Ferdy Prasetya Margono ◽  
Rilla Gantino
Keyword(s):  
Firm Size ◽  
Consumer Goods ◽  
Firm Value ◽  
Dividend Policy ◽  
Positive Impact ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Company Value ◽  
Consumer Goods Industry ◽  
The Impact

The aim of this study is to acquire empirical proof on the impact of firm size, leverage, profitability, and dividend policy on the firm value of the consumer goods industry in the food & beverage sub-sector listed on IDX in 2016-2019. Firm size is calculated by Ln of total sales, leverage is calculated by the Debt to Assets Ratio (DAR), profitability is calculated by Return On Equity (ROE), dividend policy is calculated by Dividend Payout Ratio (DPR), and firm value is calculated by Price to Book Value (PBV). The methodology used purposive sampling. The number of samples used in this research were 10 consumer goods industry companies in the food and beverage sub-sector listed on the IDX during 2016-2019. The data source of this research comes from the company’s yearly financial reports. This research uses a quantitative oncoming with multiple linear regression analysis methods. The resumes of this research found that firm size, leverage, profitability, and dividend policy simultaneously influence firm value; firm size has no impact on company value; leverage has a positive impact on company value; profitability has a positive impact on company value; and dividend policy has a positive impact on company value.

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