A Study on the Factors Affecting the Relation between R&D Investment Activities and Firm Value -Focusing on Audit Market Competition-

Purpose This paper aims to assess auditor narcissism’s effect on audit market competition (auditor concentration, clients’ concentration and competitive pressure). Design/methodology/approach This paper’s method is descriptive-correlational based on published information from listed firms on the Tehran Stock Exchange from 2012 to 2018 using a sample of 188 firms (1,310 observations). The method used for hypothesis testing is linear regression using panel data. Findings The results show a negative and significant relationship between auditor narcissism and audit market competition and its indices, including auditor concentration, clients’ concentration and competitive pressure. Moreover, a positive and significant relationship was observed between audit quality and audit market competition and its indices, including auditor concentration, client concentration and competitive pressure. Originality/value To analyzes competition indices in the audit market (auditor concentration, clients’ concentration and competitive pressure). The variable is assessed once more using the exploratory factor analysis of the so-called three variables single variable, named audit market competition. So the central question of the study is investigated within a broader sense. Moreover, as the present study is carried out in the emergent financial markets with extremely competitive audit markets to figure out the effect of auditors’ intrinsic characteristics on such markets’ competitiveness, it can provide useful information in this field.

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AUDIT MARKET COMPETITION: AUDITOR CHANGES AND THE IMPACT OF TENDERING

The British Accounting Review ◽

10.1006/bare.1997.0070 ◽

1998 ◽

Vol 30 (3) ◽

pp. 261-289 ◽

Cited By ~ 52

Author(s):

VIVIEN BEATTIE ◽

STELLA FEARNLEY

Keyword(s):

Market Competition ◽

Audit Market ◽

The Impact

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Examining the Factors Affecting Firm Values : The Case of Listed Manufacturing Companies In Indonesia

Journal of Accounting Research, Organization and Economics ◽

10.24815/jaroe.v3i1.15532 ◽

2020 ◽

Vol 3 (1) ◽

pp. 62-72

Author(s):

Erika Diana

Keyword(s):

Earnings Management ◽

Firm Value ◽

Stock Exchange ◽

Annual Reports ◽

Company Size ◽

Cash Holding ◽

Manufacturing Companies ◽

Financial Leverage ◽

Factors Affecting ◽

Panel Data Regression

Objective – This study aims to examine the effect of cash holding, earnings management, profitability, company size, and financial leverage on firm value in manufacturing companies listed on the Indonesia Stock Exchange in 2016-2018. Design/methodology – This study used hypothesis testing. Samples were selected using purposive sampling as many as 82 companies. Data obtained from annual reports and analyzed using panel data regression analysis method. Results – The results showed that cash holding, earnings management, and profitability as inde-pendent variables, company size and financial leverage as control variables jointly affect the value of the company. Partially, earnings management has no effect on firm value, while cash holding, profitability, company size, and financial leverage have an effect on firm value.

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Factors Affecting The Company's Value Through Sustainability Reports In The Indonesia Stock Exchange

Proceedings of the ICECRS ◽

10.21070/picecrs.v1i2.1436 ◽

2018 ◽

Vol 1 (2) ◽

Author(s):

Pratiwi Dwi Karjati ◽

Eva Winarto

Keyword(s):

Financial Performance ◽

Firm Value ◽

Stock Exchange ◽

Secondary Data ◽

Sustainability Reporting ◽

Public Attention ◽

Corporate Values ◽

Factors Affecting ◽

The Right ◽

Sustainability Report

The company's financial performance that demonstrates the success of the company is a matter of interest to the public. While the Sustainability Report is a non-financial report that is beginning to draw public attention today. This study aims to examine how the influence of financial performance on corporate value through Sustainability Report that can be used as a Reference for User Financial Statements in the decision of the right decision. The sample of this study are Companies listed in Indonesia Stock Exchange in 2015 - 2016. Independent variables in this research are Profitability Variables, Liquidity Variables, Leverage Variables measured using Financial Ratios, Mediation Variables in this study is Sustainability Report measured by using Index Disclosures derived from the Global Initiative Reporting (GRI) and Dependent Variables are Corporate Values measured using Tobins'Q. This study uses secondary data obtained at Indonesia Stock Exchange.The results of this study indicate that net profit margin, current ratio and leverage (X) have no significant effect on both sustainability reporting (Z) and the dependent variable of firm value (Y). The results of this study also proves that only the sustainability reporting (Z) Intervening variable has significant effect on the dependent variable of firm value (Y).

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Analisis Kemungkinan Kebangrutan Berbasis Pendekatan Model Z-Score Altman dan Metode EVA pada PT X di Provinsi Kepulauan Bangka Belitung

Jurnal Manajemen dan Organisasi ◽

10.29244/jmo.v7i3.16680 ◽

2017 ◽

Vol 7 (3) ◽

pp. 169-183

Author(s):

Melia Catherin ◽

Budi Purwanto

Keyword(s):

Firm Value ◽

Descriptive Analysis ◽

Secondary Data ◽

Primary Data ◽

Z Score ◽

Regional Office ◽

Financial Ratio ◽

Factors Affecting ◽

Gray Area ◽

Credit Cycle

PT X has a regional office in Bangka Belitung Island Province which has been decrease in sales, increase in credit and inventory which may lead to insolvency. The purposes of this research was (1) to analyze the financial performance of PT X to learn factors affecting insolvency possibilities; (2) to analyze company condition that indicate insolvency possibilities; (3) to analyze the added values which could be given by the company in an insolvency possibility; (4) to analyze the relation of added values that had been given by the company with insolvent condition possibility. The primary data were gathered by interview. Secondary data consisted of financial reports, journal literatures, thesis, and related books. The data were processed through descriptive analysis, financial ratio, Z-score Altman model, and EVA method. Based on the descriptive analysis result, PT X was suffering a possibility of bankruptcy that may affect firm value which was also decrease. The financial ratio showed that cash ratio, operational profit margin, inventory cycle, credit cycle ratio, assets cycle ratio were decrease, DER and DAR were decreasing from 2010 until 2012, but it roused significantly in 2013 and turned back to decrease significantly on 2014. The result form Z-Score model showed that the company was in gray area in 2011, the company condition went better in 2012, but it went back to gray area in 2013-2014. The EVA result showed that PT X produced positive and decreased in EVA value from 2010 until 2014.

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Integrated Reporting in Southeast Asia: Does Value Creation Work?

Academic Journal of Interdisciplinary Studies ◽

10.36941/ajis-2021-0123 ◽

2021 ◽

Vol 10 (5) ◽

pp. 57

Author(s):

Arie Pratama ◽

Winwin Yadiati ◽

Nanny Dewi Tanzil ◽

Jadi Suprijadi

Keyword(s):

Firm Value ◽

Structural Equation ◽

Quantitative Methods ◽

Role Model ◽

Secondary Data ◽

Equation Modeling ◽

Integrated Reporting ◽

Factors Affecting ◽

Corporate Reporting

This study describes the factors affecting the quality of integrated reporting (IR) disclosure and how the disclosures affect firm value. This study employed quantitative methods with secondary data. This study sample includes 1,900 firms from 2016 to 2018. Descriptive statistics, cluster analysis, and structural equation modeling path analysis were used to describe the development. This study showed that the IR implementation in five countries currently has an adequate score. Hypothesis testing showed that three factors influenced the size of IR disclosures and the disclosures influence the firm value. This study implies that although IR in the current and future will be a role model for corporate reporting, Southeast Asian firms still need to strengthen the quality of IR. This study contributes to the current development and description of IR, which is limited because of its recent introduction, in five countries: Indonesia, Malaysia, Philippines, Singapore, and Thailand. Received: 28 April 2021 / Accepted: 15 July 2021 / Published: 5 September 2021

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Dressing for the Occasion? Audit Quality in the Presence of Competition for New Clients

The Accounting Review ◽

10.2308/tar-2016-0665 ◽

2021 ◽

Author(s):

Henrik Moser

Keyword(s):

Audit Quality ◽

Market Competition ◽

New Approach ◽

Auditor Choice ◽

Audit Market ◽

Auditor Quality ◽

The Impact

This paper investigates the impact of increased audit market competition on audit quality and auditor choice. I develop a model comprising two auditors who compete for a new client by choosing the audit quality for their respective existing clients and using the audited report as a signal. I identify factors that influence auditor quality decisions as well as the behavior of clients, who potentially misstate their reports. Auditors are tempted to alter audit quality because they are eager to appear desirable from a new client's perspective. Interestingly, while recipients of the audited report adjust their conjectures about audit quality, there are conditions under which auditors lower their audit quality to increase the likelihood of being hired. The analysis extends the existing literature by describing a new approach to modeling the auditors' motivation to signal reputation for certain behavior.

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Factors Influencing Online Shopping Among Residents in Lasanod Somalia

Al Hikmah International Journal of Islamic Studies and Human Sciences ◽

10.46722/hkmh.4.4.21c ◽

2021 ◽

Vol 4 (4) ◽

pp. 44-59

Author(s):

Mohamed Ali Abdinur

Keyword(s):

Firm Value ◽

Quantitative Research ◽

Online Shopping ◽

Sampling Technique ◽

Simple Random Sampling ◽

Shopping Behavior ◽

Research Approach ◽

Strong Positive Correlation ◽

Firm Reputation ◽

Factors Affecting

Due to the advancement of technology, many businesses moved from physical locations to online businesses where they do business online. The objective of this paper is to investigate the factors affecting online shopping behavior among residents of Lasanod Somalia. This paper used a quantitative research approach. Data were collected from residents of Lasanod Somalia through questionnaires. 160 questioners were collected from respondents who were selected using a simple random sampling technique. The results showed that factors such as trust, firm reputation, functionality, privacy, reliability, and firm value have an influence on consumers’ online buying behavior. The study found out there is a strong positive correlation between trust and firm reputation with an R-value of .612 and a significant level of .000 which is way below 0.01. This research focused on Lasanod city and cannot be generalized to the whole of Somalia. Furthermore, the sample size was not large.

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