Value Of Company Research Articles

Pengaruh Ukuran Perusahaan dan Profitabilitas terhadap Nilai Perusahaan Dengan Kepemilikan Manajerial sebagai Variabel Moderasi

Company value reflects business performance and prospects in the eyes of investors, but not all companies are able to maintain it amid market dynamics. Internal factors such as company size and profitability, as well as the role of managerial ownership, are key in determining how much the value of a company can grow and be sustainable. The primary objective of this investigation is to demonstrate how the dimensions of a company and its profitability can impact the overall value of a business, with managerial ownership playing a significant role. The research focuses on companies within the non-cyclical consumer sector listed on the Indonesia Stock Exchange between 2021 and 2023. Through the researcher's specified criteria, a sample consisting of 83 data points was selected for analysis. According to the research results, the company's value is greatly impacted by its profitability, rather than its size. Furthermore, when testing with MRA interaction, it was found that managerial ownership can enhance the link between company size and value, but it does not have the same effect on the relationship between profitability and value.

Analysis of the Strengths and Weaknesses of Employing Foreign Workers at Company X

The purpose of this study was to determine the advantages and disadvantages of using foreign workers in company X. The research method used was qualitative research. Data collection techniques were carried out through observation, documentation, and interviews with 10 sources consisting of officials and workers in the company, both foreign and local workers. The research data that had been collected was then analyzed in depth. The results of the study showed that the use of foreign workers had several advantages and disadvantages. The advantages are that foreign workers who have the skills needed by the company, have broad insight to come up with new ideas as company innovations and increase the company's value in front of both national and international clients. While the disadvantages are that the use of a single workforce requires high costs, cultural and language differences create a difficult level of adaptation, cause a lot of unemployment in the country, and regulatory changes that do not cause companies to be alert to various regulatory changes regarding the use of foreign workers in their companies. Therefore, the use of foreign workers must be carried out wisely according to the company's capabilities and needs while still considering the quality of domestic workers.

The Effect of Financial Performance and Corporate Social Responsibility on Firm Value with Firm Size as a Control Variable

The main objective of this research is to explore how financial performance and corporate social responsibility influence the value of companies in the consumer goods industry in Indonesia, using firm size as a factor to consider. The study will concentrate on companies listed on the Indonesia Stock Exchange from 2021 to 2023. The research will gather data from previous studies and select samples based on specific criteria. A total of 285 samples will be analysed in this study. The data will be analysed using panel data regression analysis, which is suitable for examining how the variables interact with each other over the designated time period. The results of this research indicate that companies with higher profitability, as measured by Return on Assets (ROA), tend to have a greater firm value. Conversely, there was no notable impact on firm value from Corporate Social Responsibility (CSR), implying that consumers and investors may not rate CSR initiatives highly when evaluating company worth. Furthermore, the variable of firm size was shown to have a significant influence on firm value, with larger companies usually having a higher firm value.

Analisis Pengaruh Emisi Karbon, Kinerja Keuangan, Eco-Efficiency dan Green Innovation Terhadap Nilai Perusahaan dengan Kinerja Lingkungan Sebagai Variable Moderasi: Studi Perusahaan Sektor Energy di Bursa Efek Indonesia Periode 2019-2023

This research aims to analyze the influence of carbon emission disclosure, financial performance, eco-efficiency, and green innovation on company value, with environmental performance as a moderating variable. Secondary data was collected through documentation techniques from sustainability reports and annual reports of companies listed on the Indonesia Stock Exchange during the period 2019 to 2023. The analysis method used was multiple linear regression with the help of the Eviews application. The research results show that disclosure of carbon emissions and financial performance has a significant positive influence on company value. Apart from that, eco-efficiency and green innovation also contribute to increasing company value. Environmental performance as a moderating variable is proven to strengthen the relationship between carbon emission disclosure and company value, as well as between financial performance and company value. These findings provide empirical contributions to the accounting and business practice literature, and encourage companies to increase transparency in disclosing environmental information in order to achieve higher corporate value.

Pengaruh Profitabilitas, Leverage, Modal Intelektual dan Reputasi Audit terhadap Nilai Perusahaan

This study aims to analyze the effect of profitability (ROA), leverage (DER), intellectual capital (VACA), and audit reputation on company value in the food and beverage sub-sector manufacturing industry consistently listed on the Indonesia Stock Exchange (IDX) during the reporting period from 2019 to 2023. Data obtained using purposive sampling techniques and processed through multiple linear regression analysis with the Stata statistical application concluded that there was no significant effect of profitability and leverage on Firm value, in contrast to intellectual capital which had a negative and significant effect. In contrast to audit reputation which has a significant positive effect on firm value.

Management of intellectual capital of construction enterprises

An objective criterion for ensuring the economic development of Ukraine is a change in approaches, where the main source of competitive advantages is intellectual capital (IC), which is formed on the basis of its management strategy, innovative ideas, knowledge, creative activity, modern technologies compared to natural, labor or financial resources. In developed economic systems, the share of intellectual capital in the value of companies reaches 80%, which is associated with the implementation of "new" approaches to determining the trajectories of market changes, ensuring competitive advantages and leadership, identifying tools and intangible factors that make it possible to activate the mechanism of innovation development and attraction of investment resources. In the conditions of globalization processes, there is a rethinking of approaches to the formation and implementation of the intellectual capital management strategy of construction enterprises through the use of investment resources, where the main attention is focused on specific innovative projects.

The Influence of Corporate Governance, Goodwill, and Asset Effectiveness on Company Value with Earnings Quality as an Intervening Variable in Non-Manufacturing Companies Registered on ISSI in 2019-2023

Research Aims : This study aims to explore the influence of corporate governance, goodwill, and asset effectiveness on firm value with earnings quality as a mediator in the context of public companies in Indonesia. Design/methodology/approach : The method used in the study is a quantitative approach with secondary data collection through the website www.idx.co.id. This study uses a population of 583 companies on the Indonesian Sharia Stock Index (ISSI) and regression analysis to test the hypothesis. Data processing uses the Eviews 10 software testing tool. Sampling in this study uses a purposive sampling technique, so that a sample of 48 companies is obtained in a 5-year period. Research Findings : The results of this study indicate that corporate governance has a negative and insignificant impact on firm value. Goodwill can have a significant negative effect on firm value. Asset effectiveness can have a significant positive effect on firm value. Earnings quality has a negative and insignificant impact on firm value. Corporate governance has a negative and insignificant impact on earnings quality. Goodwill has a positive and insignificant impact on earnings quality. Asset effectiveness has a significant positive effect on earnings quality. Earnings quality cannot mediate the effect of corporate governance on firm value. Earnings quality cannot mediate the effect of goodwill on firm value. Earnings quality cannot mediate the effect of asset effectiveness on firm value. Theoritical Contribution/Originality : With this research, it provides insight into the relationship between corporate governance, goodwill, asset effectiveness, and earnings quality to the company's value which is expected to be useful for researchers usually to identify emerging issues for community service, community benefits, and self-discovery. This finding also enlightens corporate stakeholders to implement effective governance to increase company value while also providing various valuable information and knowledge.

Pengaruh Earnings Management dan Tax Avoidance pada Nilai Perusahaan dengan Managerial Ownership sebagai Variabel Pemoderasi

The research aims to analyze the influence of earnings management and tax avoidance on company value using managerial ownership as a moderating variable. This research method applies a quantitative approach in the form of an associative approach. This research was carried out on manufacturing sector companies listed on the IDX for the 2020-2022 period. A total sample of 111 observations was determined using the purposive sampling method, and analyzed using the moderated regression analysis (MRA) technique. The results show that earnings management and tax avoidance have a negative effect on company value, managerial ownership is unable to moderate the effect of earnings management on company value, and managerial ownership is unable to moderate the effect of tax avoidance on company value.

Competitive assessment of biofuel strategies for a case study in eastern Canada: techno‐economic and multi‐criteria decision‐making analysis

AbstractDecarbonizing the energy sector through biomass use entails risks and uncertainties linked to implementing early stage technologies. To address this issue, this work presents a panel‐based multicriteria decision‐making (MCDM) framework for a corn‐ethanol plant seeking to reduce its carbon footprint while investing in new bioenergy products. Six technology pathways were considered including gasification technologies, pyrolysis, hydrothermal liquefaction, and alcohol to jet, with products such as renewable natural gas (RNG), biochar, green diesel, green marine, and biojet. The alternatives were assessed based on a set of six criteria classified into three categories: economic performance, technology and commercial risks, and competitive advantages. The MCDM framework was based on the multiattribute utility theory (MAUT) for which an in‐person panel of decision‐making stakeholders set the criteria weights. Internal rate of return (IRR) was considered the most important criterion, followed by technology readiness level (TRL) and total installed capital cost (TICC). Surprisingly, the commercial readiness level was allocated a low weight. Finally, the potential for a fossil‐free site (PFFS) criterion was perceived by the panel members more as a desirable attribute rather than a requirement. Among the alternatives considered, the flexible production of synthetic natural gas (FlexSNG) gasification‐methanation process was found to be preferred. The panel‐based MCDM framework proved to be a practical and effective tool for assessing early‐stage biofuel strategies, encouraging alignment with technological innovation, sustainable development, and the company's values and future ambitions.

The Effect of ESG Disclosure and Financial Performance on Company Value with Company Size as a Control Variable on Companies Listed on the ESG Leaders Index

This study aims to evaluate the influence of ESG Disclosure and Financial Performance aspects on Company Value with Company Size as a control variable. This study uses a population of companies included in the ESG Leaders index during the 2021-2023 period and a sample collection method using Purposive Sampling which resulted in 90 research samples. The results of the study reveal that Environmental Social Governance (ESG) Disclosure, Profitability, Liquidity and Company Size as control variables have a positive and significant effect on company value. While Leverage has a negative and insignificant effect on company value. This finding emphasizes the importance of integrating ESG principles into corporate strategy not only to mitigate risk but also to increase the company's attractiveness in the eyes of investors. This study provides a relevant empirical contribution, especially in the context of developing countries and can be used as a reference for other companies in optimizing company value through the implementation of effective sustainability practices.

The Influence of Financial Performance on Company Value: A Study of Food and Beverage Companies on the IDX in 2020-2023

Corporate objectives encompass various dimensions, including social responsibility, corporate governance, and human resource development. Effective corporate governance mechanisms enhance a company's image and provide strategic direction aligned with organizational goals. This study employs a causal research method to examine the influence of capital structure, profitability, and leverage on firm value. The firm value is measured using the Price to Book Value (PBV) indicator, while the independent variables include the Debt to Equity Ratio (DER) for capital structure, Return on Equity (ROE) for profitability, and Time Interest Earned (TIE) for leverage. Data for this research was collected using a survey method with a quantitative approach, relying on secondary data from financial statements of companies listed on the Indonesia Stock Exchange. Multiple linear regression analysis was employed to assess the simultaneous effects of independent variables on firm value. Hypothesis testing was conducted using t-tests for individual variables and F-tests for collective impacts, with the coefficient of determination (R2) indicating the extent of explained variance. The results reveal that DER, ROE, and TIE significantly influence firm value. DER negatively impacts firm value, suggesting that companies should manage debt levels effectively to enhance PBV. ROE positively affects firm value by reflecting management efficiency and profitability, encouraging investor confidence and higher valuations. However, excessive leverage can undermine financial stability despite its potential to increase shareholder returns. Therefore, companies should maintain an optimal capital structure, balancing profitability and financial risk to maximize firm value.

Enterprise risk management manufacturing industry quality determinants

Goal: Large manufacturing companies face significant risks due to importing raw materials and exposure to fluctuating exchange rates. Enterprise Risk Management (ERM) is vital in this sector to manage its distinctive risks. This study finds ERM factors in Indonesia and Malaysia that affect company value and empirically evaluates risk management in their organizations. Design / Methodology / Approach: The factors that influence the quality of a company's ERM examined in this study include auditor quality, ownership concentration, board monitoring, gender on the board of commissioners, gender on the board of directors, and human capital. This study's population is 2018-2020; 300 Indonesian and 252 Malaysian manufacturing companies contributed 552 research observations. Results: This study shows that a qualified auditor, board monitoring, gender ratio on the board of commissioners, and human capital may uncover ERM implementation issues. On the other hand, higher share ownership does not affect ERM. Implications for practitioners and suggestions for future researchers are also described. Limitations of investigation: The crucial role of Enterprise Risk Management (ERM) in mitigating these unique industry risks, this study underscores the limitations inherent in factors such as auditor quality, ownership concentration, board monitoring, and gender diversity within corporate leadership. Practical implication: The necessity for manufacturing companies to prioritize specific aspects of Enterprise Risk Management (ERM) in their organizational strategies. Originality / Value: This research illuminates the nuanced interplay of factors shaping Enterprise Risk Management (ERM) efficacy within the dynamic context of the manufacturing industry.

Corporate Social Responsibility And Managerial Ownership: Their Impact On Firm Value In The Indonesian Mining Sector Through Profitability's Mediating Role

The mining industry sector contributes significantly to a country's revenue, with numerous mining companies operating in the sector. However, the large number of mining companies poses a risk to the surrounding natural environment. Companies that prioritize environmental responsibility can improve their public image, which ultimately affects the company's value. This study aims to analyze the role of profitability in mediating the relationship between corporate social responsibility and managerial ownership on firm value. The study sample includes 10 mining companies listed on the IDX for a period of 5 years (2015-2019), with a total of 50 financial statements. Using purposive sampling and path analysis, this study concludes that corporate social responsibility has a positive and insignificant effect on profitability; managerial ownership has a significant positive effect on profitability; corporate social responsibility has a significant positive effect on firm value; managerial ownership has a positive but insignificant effect on firm value; profitability has a significant positive effect on firm value; corporate social responsibility mediated the relationship between profitability and firm value, with a significant positive effect; and managerial ownership mediated the relationship between profitability and firm value, with a positive but insignificant effect.

Dampak Implementasi Enterprise Resource Planning di Era 5.0 Terhadap Kualitas Informasi Akuntansi, Nilai Perusahaan, dan Manajemen Laba

This study aims to determine the impact of Enterprise Resource Planning (ERP) implementation on the quality of accounting information, company value, and earnings management in companies listed on the Indonesia Stock Exchange (IDX) in 2024. Technique used in this study was puposive sampling of 48 company data that met the criteria as observation units, the analysis method used was non-parametric analysis of the Wilcoxon test. The results of this study are that there are significant changes in the quality of accounting information in companies listed on the Indonesia Stock Exchange (IDX) after implementing Enterprise Resource Planning (ERP), there are no significant changes in the value of companies listed on the Indonesia Stock Exchange (IDX) after implementing Enterprise Resource Planning (ERP), and there are no significant changes in earnings management in companies listed on the Indonesia Stock Exchange (IDX) after implementing Enterprise Resource Planning (ERP).

Students' Expectations of Accounting's Role in Ensuring Business Sustainability

This research aims to explore student expectations regarding the role of accounting in understanding and applying the concept of business sustainability through in-depth interviews. In a business context that is increasingly focused on sustainability, accounting has become crucial in measuring, reporting and guiding sustainable business decisions. Through interviews with students, their expectations regarding the role of accounting for business sustainability are reflected in various aspects. First, accounting measures a company's sustainability performance by monitoring the environmental, social and economic impacts of business activities. Second, accounting provides a framework for preparing transparent and informative sustainability reports, helping to meet stakeholder needs. Third, accounting helps companies identify, evaluate and manage risks and opportunities related to business sustainability. Fourth, accounting facilitates the assessment of a company's long-term value by considering the social, environmental, and economic impacts of business operations. Fifth, information produced by accounting guides company management in making strategic decisions that support sustainable business growth and build a strong reputation in the eyes of stakeholders. Through a better understanding of the role of accounting in the context of business sustainability, students expressed their belief that accounting is a tool for shaping a more responsible and socially and environmentally sustainable business future.

The Impact of Profitability and Firm Size on Firm Value: The Mediating Role of Capital Structure

The purpose of this study is to determine the effect of profitability and company size on company value with capital structure as an intervening variable. The research method used is quantitative and uses secondary data, namely companies in the BUMN sector listed on the Indonesia Stock Exchange. The sample used was 8 companies with a time of 2017-2021 through the purposive sampling method. The data analysis method used is Descriptive Analysis, and the data analysis used is Path Analysis. The results of this study indicate that profitability has a significant effect on capital structure. Conversely, company size does not have a significant effect on capital structure. Profitability, company size and capital structure have a significant effect on company value. Capital structure cannot mediate the relationship between profitability and company size on company value. The managerial implications of this study indicate that companies need to increase profitability and manage company size optimally to drive company value. In addition, capital structure as an intervening variable can be utilized as a strategic tool to direct more effective financial management. Managers are advised to maintain a balance between the use of debt and equity to maximize shareholder value.

How do Islamic corporate social responsibility and environmental performance relate to company value?

Purpose – This study aims to provide a comprehensive analysis of the impact of the investment opportunity set (IOS), profitability, Islamic corporate social responsibility (ICSR), and environmental performance (EP) on the value of environmentally sensitive companies. The research explores both short-term and long-term impacts of these variables on corporate value. Methodology – This study utilized Vector Error Correction Model (VECM) approach to analyze annual data from 2016 to 2022, focusing on environmentally sensitive companies in the Indonesian Sharia stock index. Findings – The VECM method yielded several key findings, including no significant impact of IOS on company value in either short or long term. However, variables such as ICSR, environmental performance, and profitability exhibited a significant influence on company value over the same timeframe.Implications – This study suggests that, to enhance credibility, companies should prioritize financial stability, credibility in financial reporting, social responsibility, and environmental regulations. They should identify the best investment opportunities and collaborate with the government to achieve environmental sustainability.Originality – Our study seeks to delve into the relationship between several variables, including IOS, profitability, ICSR, environmental performance, and the overall value of environmentally sensitive companies. This topic has not been explored in-depth by previous research, and our study aims to shed light on both short- and long-term effects of these factors on corporate value.

Reciprocal Value of SMES Products in Strengthening Sustainable Green Competitiveness for Economic Growth in Indonesia

Objective: This study aims to examine the variables of Green Consumerism, Green Brand Image, Green Competitive Position, and Sustainable Competitive Advantage. As well as investigating the Reciprocal of Value Product (RVP) in strengthening the competitive position of green products of Indonesian SMEs. Theoretical Framework: This research is developed from theories of sustainable business models, green marketing, and competitive advantage. The novelty of 'Reciprocal of Value Product' (RVP) integrates company value creation with socio-environmental values, emphasizing sustainable reciprocity. Method: Primary data were collected using interviews, surveys, and field studies of 315 SMEs producing environmentally friendly products in Indonesia using purposive non-random sampling techniques using Structural Equation Modeling analysis. Results and Discussion: The findings reveal that Environmental Sustainability positively and significantly affects RVP. RVP has a significant positive impact on Green Consumerism and Green Competitive Position. Also, Green Consumerism shows a positive and significant influence on Green Brand Image. These relationships highlight the interconnected nature between sustainable business practices and market competitiveness. Research Implications: This study shows that Indonesian SMEs can adopt RVP into their strategic framework. The research findings show that sustainable practices increase the perceived value of products, which in turn affects green consumer behaviour and competitive positioning. Originality: The main contribution of this research is the RVP to integrate corporate and socio-environmental value creation. Novelty offers valuable insights for SMEs seeking to enhance their competitive advantage through sustainable practices in the global marketplace.

Pengaruh Return On Asset, Leverage, Dan Ukuran Perusahaan Terhadap Penghindaran Pajak Pada Perusahaan Real Estate Dan Property Yang Terdaftar Pada Bursa Efek Indonesia (BEI) Tahun 2019-2023

This research aims to empirically test the influence of Return on Assets, Leverage, and Company Size on Tax Avoidance in Real Estate and Property companies listed on the Indonesia Stock Exchange (2019-2023). This research includes quantitative research. The data used in this research is in the form of annual financial reports for real estate and property listed on the Indonesia Stock Exchange 2018-2022. The population in this study was 92 companies. The sample that meets the criteria is 17 companies. The number of observation samples was 85 data obtained using purposive sampling techniques. The analysis technique used is multiple linear regression using SPSS version 29. The results of the research show that the variable Return On Assets partially has a significant effect on company value with a significance value of 0.001, the Leverage variable partially has no significant effect on company value with a significance value. amounting to 0.108, and the Company Size variable partially has no significant effect on company value with a significance value of 0.617. The research results show that the variables Return On Assets, Leverage and Company Size simultaneously have a significant effect on Tax Avoidance with a significance value of 0.001.

Pengaruh Profitabilitas, Struktur Modal, Ukuran Perusahaan, Kepemilikan Manajerial Dan Covid-19 Terhadap Nilai Perusahaan

This study aims to analyze the influence of profitability, capital structure, firm size, managerial ownership, and the covid-19 pandemic on the firm value of property and real estate companies listed on the Indonesia Stock Exchange (IDX) during the period 2020-2023. The research employs a quantitative method with an associative approach, analyzing the relationships between variables using multiple linear regression. Secondary data is collected from annual financial reports accessed through www.idx.co.id and the companies' official websites. The results indicate that profitability, capital structure, and firm size significantly affect firm value, while managerial ownership does not. Additionally, the study finds that COVID-19 has a significant impact on firm value. This research has limitations related to the data period (2020-2023) and its focus solely on the property and real estate sector. Future studies are recommended to extend the observation period and broaden the population and sample.