Value Of Company Research Articles

The Influence Of Liquidity, Company Growth And Capital Structure On Company Value With Profitability As A Moderating Variable In Property & Real Estate Companies Listed On The Indonesia Stock Exchange In 2019 – 2023

This research aims to analyze the effect of liquidity, company growth, and capital structure on firm value with profitability as a moderating variable in Property and Real Estate companies listed on the Indonesia Stock Exchange in 2019 - 2023. The research method uses MRA (Moderated Regression Analysis) with quantitative data processed through the application Eviews13 software. The results of this study indicate that Liquidity has a significant positive effect on Company Value. Company Growth does not affect Company Value. Capital Structure has a significant positive effect on Company Value. Profitability cannot moderate the effect of Liquidity on Company Value. Profitability cannot moderate the effect of Growth on Company Value. Profitability can moderate the effect of Capital Structure on Company Value. The implications of this research are that investors are expected to be more careful in choosing stocks to invest in, in addition, management can create strong financial stability, can implement an effective asset management system to manage assets optimally, can consider the optimal balance between debt and equity, and can identify and reduce inefficient costs.

The Role of Company Size Moderating the Effect of Capital Structure and Profitability to Firm Value in Consumer Non-Cyclicals Businesses on the Indonesian Stock Exchange

Aims: Study this is about the firm value, aiming to test company size to moderate the influence of capital structure and profitability on the firm value in consumer non-cyclical business listed on the Indonesia Stock Exchange (IDX). Study Design: The design of this research study is correlational. Place and Duration of Study: Consumer non-cyclical business on the Indonesia Stock Exchange (IDX) issuers in 2018-2022. Methodology: This study's population was 122 non-cyclical consumer companies listed on the Indonesia Stock Exchange from 2018 to 2022. From the population, a sample of 56 was selected based on the purposive sampling method with 5 years of observation (2018-2022), so the number of samples was 280. However, there were 18 outlier data, so the final sample was 262. Data were collected using documentary methods and analyzed using a quasi-moderation model, which was processed with SPSS 24. Results: The study's results indicate that company size can moderate the effect of capital structure and profitability on company value. This means that capital structure and profitability on a larger company scale can strengthen the increase in company value. However, partially or individually, company size, capital structure, and profitability do not affect company value. Conclusion: The top-based results of the contribution study support the signalling theory and prove that empirical improvement in the size of a company can moderately influence the capital structure and profitability on increased firm value.

Pengaruh Struktur Modal, Likuiditas, dan Pertumbuhan Penjualan terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Mediasi Studi pada Perusahaan yang Terdaftar di BEI Periode 2019 – 2024

The food and beverage industry listed on the Indonesia Stock Exchange (IDX) between 2019 and 2024 is the subject of this study, which empirically investigates the link between capital structure, liquidity, sales growth, and business value. Using structural equation modeling (SEM) through SmartPLS 4, this study finds empirical evidence that capital structure significantly influences firm liquidity. However, it was discovered that company value was not significantly impacted by capital structure, liquidity, sales growth, or profitability. These results imply that company value in the food and beverage industry may be more heavily influenced by variables beyond the purview of this investigation.

Leadership Integrity: A Strategic Pillar for Ethical Decision Making and Organizational Excellence

This paper critically examines integrity as a foundational element of leadership and its impact on moral decision-making, organizational trust, and sustained success. A thorough analysis of interdisciplinary literature highlights the need to develop integrity-driven leadership cultures and stresses the incorporation of ethical frameworks into healthcare leadership education. The results offer doable tactics for promoting accountability, openness, and moral coherence in a variety of organizational settings. Effective and long-lasting leadership is built on integrity. Between leaders and their staff, it creates an unbreakable bond of trust that promotes credibility, inspiration, moral decision-making, and a robust corporate culture. Integrity in leadership has the power to leave a lasting impression on a company's clients, staff members, and prospective customers. They contribute to a happy workplace by keeping the company's values. It is the pillar of leadership, serving as a beacon of trust and credibility for followers. Leaders who maintain high decent standards and demonstrate consistency between their words and actions inspire confidence and loyalty among their teams. When leaders act with integrity, they create clear evidence for others to follow, fostering a culture of honesty, transparency, and accountability within the organization. It is on the basis above that this article reviewed literature bringing to light the role of integrity in leadership. The article presents that integrity impacts an organization’s success and that leaders who embody integrity are better equipped to navigate challenges and crises effectively. It also presents creating an organizational culture to nurture Integrity Leadership. Finally, it touches on the integrity in the training of healthcare professionals. The article concludes that as a pillar of leadership, integrity is not just a nice to have; it is essential for long-term success. By embodying integrity in all that they do, leaders can inspire greatness in themselves and in those they lead.

Analisis Faktor Internal Nilai - Nilai Perusahaan Tembakau yang Terdaftar di Bei Periode 2019-2023

This study aims to analyze the impact of Return on Equity (ROE), Return on Assets (ROA), and Earnings Per Share (EPS) on firm value in the tobacco sector companies listed on the Indonesia Stock Exchange (IDX). The results show that a high ROE, as seen in HMSP, reflects efficient equity management and positively contributes to increased firm value, while low ROE in GGRM and ITIC indicates inefficiency. ROA analysis reveals that all four issuers have very high average ROA, indicating efficiency in utilizing assets to generate profits. Regarding EPS, the increase in ITIC and WIIM reflects improved financial performance, whereas the decline in EPS at GGRM and HMSP may reduce investor attractiveness. Overall, the study concludes that ROE, ROA, and EPS are important indicators influencing firm value, although they should be considered along with other external factors for a more comprehensive understanding.

Improving firm value: The role of profitability-liquidity trade-off

The purpose of this study is to investigate the firm value associated with profitability and liquidity trade-off. This study is different from previous studies that focus on the trade-off between liquidity and profitability, as well as the relationship between liquidity and profitability, partially with firm value. This study examines the liquidity and profitability trade-off and is associated with firm value in one model by adding the role of sales growth to the liquidity and profitability trade-off. The data used is data from manufacturing companies listed on the Indonesia Stock Exchange, with an observation period from 2016 to 2023. The results showed that liquidity has a partial and negative impact on profitability, profitability has a positive impact on firm value, increased sales moderate the trade-off of profitability and profitability, and profitability mediates liquidity on firm value when the liquidity and profitability trade-off is moderated by sales growth. The practical implications of this study are that in making decisions regarding liquidity, sales growth is an important aspect to consider; increasing company productivity, as indicated by sales growth, is an ideal condition to increase liquidity, which means the company uses internal funding rather than external funding, which is difficult to obtain and costly, so that profitability increases and company value will increase.

The Role of ESG Performance in Moderating the Impact of Financial Distress on Company Value: Evidence of Wavelet‐Enhanced Quantile Regression With Indian Companies

The Role of ESG Performance in Moderating the Impact of Financial Distress on Company Value: Evidence of Wavelet‐Enhanced Quantile Regression With Indian Companies

The Moderating Role of Firm Size: Pengaruh Capital Structure, Current Ratio dan Profitability Terhadap Company Value

This study examines company value with firm size moderation in property and real estate companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period. The sample consists of 38 companies per year, selected using the purposive sampling method, resulting in a total of 152 data points over four years. The research variables include Debt to Asset Ratio (DAR), Current Ratio (CR), Return on Assets (ROA), firm size (log of total assets), and company value (Tobin's Q). Multiple linear regression analysis is employed to assess the impact of independent variables on company value, while Moderated Regression Analysis (MRA) is used to evaluate the moderating role of firm size. The findings indicate that capital structure, current ratio, and profitability positively and significantly affect company value. Firm size is shown to moderate the relationship between capital structure and current ratio with company value but does not moderate the relationship between profitability and company value. The study recommends expanding the data and research period and exploring other moderating variables to provide deeper insights into the factors influencing company value.

The Particularities of Employees' Green Ethical Behavior in the Oil and Gas Sector.

The article aims to evaluate the particularities of the green, ethical behavior of employees from the oil and gas sector in light of climate change and sustainable development. We employed a quantitative research approach and partial least squares structural equation modeling (PLS-SEM) using SmartPLS4 software (version 4.1.0.9) to test our conceptual model. The results demonstrate that employees' green, ethical behavior influences how the rules of conduct contribute to an organization's sustainable development, and employees' green, ethical behavior is influenced by the ethical values assumed by an organization through its code of ethics and integrity. Moreover, employees' green, ethical behavior and ethical values mediate the relationships between other factors, such as, for example, employees' knowledge of the particularities of a company's ethical values, their degree of compliance with the rules of conduct within the organization, and how their compliance with the rules of conduct is reflected in the organization's sustainable development. The reflection of ethical issues in an organization's sustainable development depends on a systemic approach to the formal and informal behavior of managers and employees. The theoretical implications of our research represent a starting point for extending our knowledge of employees' green ethical behavior in terms of their acceptance and application of rules and ethical principles in close connection with the sustainable development of an organization. This study's practical implications consist of awareness of the role that managers play in developing certain internal instruments (i.e., codes of ethics and integrity) to be understood and accepted by employees, with power of their personal example in motivating employees to improve their green ethical behavior. In conclusion, the manifestation of green, ethical behavior in employees does not automatically lead to sustainable development if it is not based on a set of ethical values and rules of conduct clearly understood and accepted by these employees.

Board of directors and value of Chilean companies

Introduction: Boards of directors are key to organizational performance. This study analyzes the composition of boards in non-financial Chilean companies between 2019 and 2022, focusing on the number of members, female participation, and professional diversity. Objective: To assess how these characteristics impact management practices and the strategic direction of organizations. Methodology: A statistical description and multiple linear regression were used to analyze the relationship between the variables and the company's value (Price to Book, Price to Sales, and EV to EBITDA). Results: The analysis shows an average of 7.9 members per board, low female participation, and a concentration in five professional areas. The number of members is positively related to the company's value in all cases. Female participation shows a negative relationship, while professional diversity has a positive impact in some cases, although not significant in others. Additionally, company size and indebtedness also influence company value. Conclusions: The number of board members positively impacts company value, while female participation and professional diversity show a less clear influence.

Navigating Uncertainty: The Impact of Economic Policy on Corporate Data Asset Allocation

In the digital economy era, the role of data assets in creating new value for companies has become increasingly prominent, while economic policy uncertainty is also a key factor influencing corporate decision-making. This study examines whether economic policy uncertainty affects the allocation of corporate data assets. It finds that increased economic policy uncertainty raises operational risks for high-tech companies, leading to increased data asset allocation, while for low-tech companies, increased operational costs and risks reduce data asset allocation, though higher operational risks may compel them to increase data asset allocation. Additionally, internal corporate factors also influence data asset allocation to some extent; companies in good financial standing with ample technological reserves are more inclined to increase their data asset allocation. This paper reveals the internal mechanism by which economic policy uncertainty affects corporate data asset allocation, providing a basis for low-tech companies to transition from traditional business models to digital enterprises and for strategic planning by high-tech companies.

Meta-Analysis of the Impact of Debt Utilisation on Corporate Valuation: Unravelling Patterns Across Industries and Economic Conditions

Optimum composition of debt and equity is an important factor in assessing the valuation of the company. Companies often faced a problem in choosing the optimum amount of debt in their capital structure. This paper aimed at investigating the relationship between debt and earnings of the company using meta-analysis to ascertain what has been accounted in previous literatures. Using Forest Plot, Confidence Interval: Hypothesis Testing, Test of Heterogeneity and Publication Bias analysis and a sample of published journal articles, it is evident that the Value of business is independent of Debt usage and firms cannot increase the value of its business by increasing the level of Debt. However, an increase in debt-to-equity ratio beyond a certain level will negatively affect their businesses as it increases the level of risk in the business. Therefore, capital structure is not a good fit in explaining changes in the valuation of a company. While capital structure remains an important concern for businesses looking to improve their financial performance, our findings indicate that it may not be the only factor influencing changes in company valuation. In today’s changing economic world, educated decision-making and long-term business success require a comprehensive grasp of the intricate interplay between debt, profitability, and risk factors.

The Nexus of Profitability, Invesment Decision, and Sustainability Reports on Company Value

This study sought to determine the impact of profitability, investment decisions, and sustainability disclosure on firm value. ROE is used to measure profitability, CVA/BVA is used to measure investment decisions, SRDI is used to measure sustainability, and Tobin’s Q is used to calculate corporate value. The data source is the company’s financial statements from 2018 to 2022, leading to the data collection method being secondary data. The research sample includes companies included in the LQ 45. The statistical test utilized is multiple linear regression. The findings of statistical studies show that profitability, investment decisions, and sustainability report disclosure all impact firm value (Y). Profitability has a partial effect on firm value, as do investment decisions and the disclosure of sustainability reports.

Environmental, Social, Governance (ESG) performance and company value on Indonesia non-financial firms

Abstract Issues regarding the role of the environment, social, and governance (ESG) are currently being discussed, especially in upper middle income countries. Due to limited resources and shareholder reactions, many companies in Indonesia still need to develop their performance to the desired level. This study examines the effect of ESG scores on firm value in Indonesia. This study uses unbalanced panel data from non-financial public companies listed on the Indonesia stock exchanges and had ESG scores on the Refinitiv database from 2016 to 2022 with 256 observations. This study finds that ESG scores negatively affect firm value (Tobin’s Q). The higher the ESG value in Indonesia, the lower the firm value. Furthermore, this study shows the influence of each pillar, namely environmental, social, and governance. The environmental and governance pillars negatively affect firm value, while the social pillar does not affect firm value. This study shows that ESG in Indonesia is in line with Shareholder Theory. High ESG performance is a cost that can reduce the company’s value.

How could Generative AI support and add value to non-technology companies – A qualitative study

With the spread of generative AI, non-technology companies are also adopting it at a faster rate. Therefore, this study aims to study the appropriation of Generative AI to create value to non-technology businesses through a knowledge based view of the firm. To achieve this objective, we followed a semi-structured interview schedule, where 98 qualitative data points were collected and analysed. We follow open, axial and selective coding along with Gioia methodology for analysis. Findings indicate that companies employ Generative AI for risk management, where potential threats, impact of possible hazards and degree of uncertainty in the business environment are considered in decision-making. Generative AI also helps in knowledge integration, where assimilation, adaptation, application and implementation are achieved. Findings also suggest that an improved business outlook can be achieved regarding accurate demand forecasting, real-time insights, contextual understanding and alignment to the vision through Generative AI. It is also observed that companies are investing in Generative AI to achieve competitive advantage and greater significance. The contribution of this study lies in the development of four propositions and a framework for generative AI-driven value for non-technology companies. The framework also uncovers the internal flow among key elements from risk identification to integration to developing the outlook and driving utility.

Tax avoidance and firm value: Unveiling the role of earnings management

This research aims to test and analyze the effect of tax avoidance on company value with earnings management as a moderating variable in consumer goods sector companies listed on the Indonesia Stock Exchange. The object of this research is companies in the food and beverage sub-sector consumption sector during the 2020-2022 period, so there are 19 sample companies. The method used is linear regression with research results (1) Tax avoidance has a significant positive effect on company value (2) Tax avoidance has a significant effect on company value but not through earnings management. The earnings management variable cannot be used as a moderating variable model. (3) Earnings management cannot influence the relationship between tax avoidance and company value. The results of this research can then become a source of literature explaining the influence of tax avoidance on company value with earnings management as a moderating variable.

Impact of Insurance Contract Implementation and Financial Performance on Company Value in the Insurance Sector

Financial performance is a description of the condition of a company that is analyzed to provide information about the work achievements and as a basis for evaluation and assistance in financial decision- making for the company. This research aims to determine the influence of the application of Statement of Financial Accounting Standards (Pernyataan Standar Akuntansi Keuangan/PSAK) 117 with financial performance variables, profitability, and solvency on the value of the company in the insurance sector. This study uses a quantitative descriptive method and the data used are secondary data obtained from reports or documents with the help of Eviews 12 software as a data processing tool. The population in this study is general insurance companies listed by the Financial Services Authority during the period 2018-2023, totaling 76 companies. Through purposive sampling method, 6 companies were selected as samples for a 6-year observation period. The results of the study show that Profitability does not affect the company value, while Solvency significantly influences the company value. Profitability and solvency moderated by PSAK 117 can moderate the company value.

Effects of CSR, Financial Performance, and Good Corporate Governance (GCG) on Increasing the Corporate’s Value

Company value, which plays a role in determining the company's position, can be influenced by several factors such as CSR, financial performance, and good corporate governance. The purpose of this study was to determine and analyze the effect of CSR, financial performance, and corporate governance on firm value. The method used in this research is quantitative method. The type of data collection is secondary data obtained from financial reports and sustainability of manufacturing companies in 2018-2022. The data was analyzed using the multiple linear regression method or Multiple Regression Analysis using the STATA application. The results showed that gender diversity has a significant effect on firm value. This research is important to do so that companies know which aspects should be improved in order to advance company value, and it is also important for investors to consider which companies are much better to invest in.

외식기업의 ESG 경영 활동이 기업 평판, 기업 이미지 및 재구매 의도에 미치는 영향: 중국의 루이싱(luckin) 커피를 중심으로

Recently, ESG (Environment, Social, Governance) management has become an essential factor for the sustainable development of companies worldwide. In the food service industry, the importance of ESG management is also emerging, and closely related to the public's dietary habits, safety, and health. This study aims to analyze the impact of China’s Luckin Coffee's ESG business activities on corporate reputation, corporate image, and repurchase intention among consumers who have experienced these activities. In particular, through this, the study seeks to examine the effects of ESG management activities on the sustainability of management. To this end, this study conducted a survey of consumers in Henan Province, China, and a total of 407 questionnaires were used for empirical analysis. The results showed that continuous ESG management activities in the food service industry enhance reputation, corporate image, and consumer repurchase intention. Furthermore, it has been shown that ‘consumer trust’ has a positive moderating effect on the relationship between environmental management activities (among ESG) and corporate reputation of food service companies. Therefore, in order to improve trust, it is necessary to raise awareness of the company's ESG management activities, such as the continuous public relations activities of food service companies. After all, consumers need to understand the long-term vision of a company, and companies need mid- to long-term efforts to increase the value of sustainable companies. Finally, in the conclusion section of this paper, various strategic implications and limitations were also suggested.

The influence of investment decisions and stock prices on company value with profitability as a moderating variable

This study aims to analyze the effect of investment decisions and stock prices on the company value in the infrastructure sector, moderated by profitability. The study uses multiple linear regression to examine the relationships between variables, with secondary data obtained from the financial statements of infrastructure companies listed on the Indonesia Stock Exchange (IDX) for the period of 2018-2021. The independent variables used in this study are investment decisions, measured by the Price Earnings Ratio (PER), stock price, measured by closing share price, and profitability, measured by Return on Equity (ROE). The dependent variable is company value, measured by Price to Book Value (PBV). The results of the study show that investment decisions and stock prices have a positive and significant effect on company value. However, profitability does not moderate the relationship between investment decisions and stock prices on company value. The implications of this study’s findings suggest that infrastructure companies should pay attention to investment decisions and strategies that can influence stock prices, as both have a significant impact on increasing company value. Additionally, although profitability does not moderate the relationship, companies should still maintain profitable performance to ensure the sustainability of healthy operations.