scholarly journals The Impact of Sustainability Practices on Stock Return: The Relationship Between Firm Value, CSR Disclosure, Firm Size and Profitability Evidence from Indonesia Publics Firms Listed on (SRI)-KEHATI Index

2021 ◽  
Author(s):  
Triasesiarta Nur
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Stock Return ◽  
Sustainability Practices ◽  
Csr Disclosure ◽  
The Impact ◽  
The Relationship

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 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 The Impact of Options Trading on the Relationship between Research Quotient and Firm Performance

2017 ◽  
Vol 9 (6) ◽  
pp. 141
Author(s):  
Han-Ching Huang ◽  
Calista Amelia Irawan
Keyword(s):  
Stock Market ◽  
Firm Value ◽  
Stock Return ◽  
Positive Impact ◽  
Firm Innovation ◽  
Option Trading ◽  
Stock Market Return ◽  
Option Volume ◽  
The Impact ◽  
The Relationship

The performance of innovation could be counted by the number of patent. Patent information enables a firm to estimate R&D efficiency and stock market value. Nonetheless, patents is not universal because more than 50% companies in COMPUSTAT do not patent their new products. Since patents have some drawbacks, Cooper, Knott, and Yang (2015) use Research Quotient (RQ) as an indicator of firm innovation because RQ measures the productivity of the R&D department, which produces a new innovative product and transforms it into revenues. In this paper, we examine the impact of option trading on the relation between RQ and stock market return (or firm value). We find that RQ has the positive impact on firm value, proxy by market-to-book (MTB) value. The option dummy, which is the firm with option trading, has significantly positive impact on the relation between RQ and firm value and insignificantly positive impact on the relation between RQ and future stock return. Nonetheless, interaction term of RQ and option volume has positive and significant impacts on MTB and future stock return.

scholarly journals Kinerja Keuangan Dan Nilai Perusahaan: Peran Ukuran Perusahaan Perbankan Konvensional Di BEI

2021 ◽  
Vol 26 (2) ◽  
pp. 311
Author(s):  
Ikhwan, Syamsul Ridjal, La Ode Sumail
Keyword(s):  
Financial Performance ◽  
Significant Role ◽  
Firm Size ◽  
Firm Value ◽  
Signaling Theory ◽  
Theory Analysis ◽  
Purposive Sampling ◽  
The Impact ◽  
The Relationship

This study investigates the relationship between BOPO and NPL with financial performance (ROA) and the impact on firm value using signaling theory analysis. In addition, what is also to be achieved is to investigate the role of firm size as a moderating variable and a mediating variable. The research sample was 16 banks that met the criteria (purposive sampling) with 80 observations. BOPO and NPL can be suppressed so as to encourage ROA. Furthermore, ROA can drive TQ. SIZE can strengthen ROA so that TQ becomes high in the market. In addition, ROA is able to push SIZE. And SIZE is able to contribute to TQ. SIZE has a positive and significant role in mediating between ROA and TQ.

scholarly journals The Investigation of the impact of the firm factors on stock returns of non-financial listed firms in kenya

2019 ◽  
Vol 7 (04) ◽  
Author(s):  
Cyprian Kinoti Mmuriungi ◽  
Prof. Willy Muturi ◽  
Dr. Oluoch Oluoch
Keyword(s):  
Stock Returns ◽  
Firm Size ◽  
Firm Value ◽  
Stock Return ◽  
Great Influence ◽  
The Body ◽  
Empirical Literature ◽  
Listed Firms ◽  
Earnings Per Share ◽  
The Impact

Firms can be distinguished from one another on the basis of different financial and non-financial factors including firm size, firm value, leverage, earnings per share, cash flow and firm structure. These factors are unique to individual firms and influence the perception of investors towards the future performance of the firms. The aim of the study is to examine the impact of, Firm value, Earnings per share and Firm size on stock return for non-financial listed firms in Kenya. This study used census and covered all non-financial listed firms at the NSE between the years 2008 to 2016. The choice of this period was informed by various reforms undertaken at the NSE. These includes a rise in initial public offers (IPOs), additional offers (AOs), right issues, bonus issues and stock splits. These reforms have had great influence on stock returns. There are 44 non-financial listed firms in the Nairobi Securities Exchange. A number of studies in the empirical literature have documented that firm earnings scaled by market value of equity are related to average return. This study is meant to assess the sensitivity of empirical results of firm value, earnings per share and firm size on stock return for non-financial listed firms in Kenya. The study contributed to the body of knowledge in that non-financial listed firms have gained practical insights into the impact of firm factors under consideration on stock return thereby enriching their knowledge on how to increase overall positive results. The study was based on the problem that whereas there were various firm factors attributed to each firm, it was not clear how, firm value, earnings per share and firm size affect stock return for non-financial listed firms on stock markets particularly those with factors like in Nairobi Securities exchange. This was particularly because existing Empirical literature was scarce in this case. Panel regression model was applied to test the significance of the independent variables on dependent variable and unit root test, Co integration and granger causality test was applied for empirical testing of the data. Descriptive statistics was used to describe basic features of the data in the study.

scholarly journals Does Financial Performance Matter? Evidence on the Impact of Liquidity and Firm Size on Stock Return in Indonesia

2020 ◽  
Vol 11 (4) ◽  
pp. 546
Author(s):  
Mochammad Chabachib ◽  
Ike Setyaningrum ◽  
Hersugondo Hersugondo ◽  
Intan Shaferi ◽  
Imang Dapit Pamungkas
Keyword(s):  
Stock Returns ◽  
Firm Size ◽  
Significant Relationship ◽  
Stock Return ◽  
Stock Exchange ◽  
Mediating Effect ◽  
Return On Equity ◽  
Stock Investment ◽  
Equity Ratio ◽  
The Impact

In the modern era, stock investment can attract domestic investors or foreign investors. The objective is to invest their funds at the capital market that expect higher stock returns. The study aims to analyze factors that can affect stock returns and know the mediating effect of return on equity. The object of this research is the property and real estate sector that is listed on the Indonesia Stock Exchange from 2013 to 2018. This research used debt to equity ratio, current ratio, total asset turnover, firm size as independent variables and stock returns as dependent variables. Path analysis is used as reseach method tools with SMART PLS.The result says that debt to equity ratio and return on equity has a positive significant relationship with stock return, meanwhile firm size has a significant negative significant relationship with stock returns. Furthermore, return on equity can mediate the relationship between debt and equity ratios to stock returns.

scholarly journals Capital Structure-Firm Value Nexus: Moderating Role of Profitability

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.

scholarly journals DETERMINANTS OF FIRM VALUE ON CONSUMPTION SECTOR IN INDONESIA

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

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.

Market ranking and network structure: pathway to dominance

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yasaman Sarabi ◽  
Matthew Smith ◽  
Heather McGregor ◽  
Dimitris Christopoulos
Keyword(s):  
Firm Value ◽  
Critical Role ◽  
Firm Characteristics ◽  
Interlocking Directorates ◽  
Content Type ◽  
Network Autocorrelation ◽  
The Uk ◽  
Market Capitalisation ◽  
The Impact ◽  
The Relationship

PurposeThe relationship between interlocking directorates and firm performance has been increasingly debated, with a focus on whether firm's centrality in interlock networks is associated with performance. The purpose of this study is to examine not only how a firm's position in this network is associated with performance but also how the performance of network partners can impact a firm's performance. This study examines how firms effectively utilise the interlock network to achieve the goal of higher market capitalisation – termed market capitalisation rank (MCR).Design/methodology/approachThe premise of the study is the UK FTSE 350 firms from 2014 to 2018. The paper makes use of a temporal network autocorrelation model to examine how firm characteristics, the structural position in the interlock network and the performance of network partners affect MCR over time.FindingsThe analysis indicates that firms with ties (via the interlock network) to firms with high market capitalisation are more likely to enhance their own MCR, highlighting network partners have the opportunity to play a critical role in a firm's dominance strategy to optimise firm value.Originality/valueThe value of this research is that it does not only look at the impact of a firm's position in the network on performance, but the impact of the performance of network partners on a firm's market performance as well.

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