THE FACTORS EFFECTING FIRM VALUE EVIDENCE FROM INDONESIA
Article Sidebar
Read Counter : 23
Download : 23
Main Article Content
Abstract
This study aims to measure the simultaneous and partial impact of Earnings Quality, Tangible Assets, and Leverage on Firm Value in real estate and property companies based on the Indonesia Stock Exchange (IDX) 2021-2023 as a limitation field. This study uses a data processing method with the EViews version 12 application. This study employs secondary data, with a sample of 26 companies selected using the purposive sampling method. The results show that Earnings Quality has an insignificant impact on Firm Value, Meanwhile, Tangible Assets and Leverage have a positive but insignificant impact on Firm Value. So, it can be concluded that tangible asset and leverage are accepted and earnings quality is rejected.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.
IJAEB by Graduate Program of Universitas Tarumanagara is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.. Permissions beyond the scope of this license may be available at https://journal.untar.ac.id/index.php/ijaeb
References
Akpadaka, Ovbe Simon. 2024. “Earnings Quality and Ownership Structure: Moderating Effect of Leverage on Firm Value in Non-Financial Sectors of the NGX.” European Journal of Business and Management 16(5). doi: 10.7176/ejbm/16-5-02.
Anton, Sorin Gabriel. 2018. “The Impact of Enterprise Risk Management on Firm Value: Empirical Evidence from Romanian Non-Financial Firms.” Engineering Economics 29(2):151–57. doi: 10.5755/j01.ee.29.2.16426.
Bandiyono, Agus, and Ian Nurseto. 2023. “Application of Tax Accounting: The Role of Earnings Quality Moderates Firm Value Which Is Affected by Tax Avoidance, Financial Leverage and Executive Bonus.” Atestasi : Jurnal Ilmiah Akuntansi 6(1):125–38. doi: 10.57178/atestasi.v6i1.612.
Dang, Hung Ngoc, Cuong Duc Pham, Thang Xuan Nguyen, and Hoa Thi Thanh Nguyen. 2020. “Effects of Corporate Governance and Earning Quality on Listed Vietnamese Firm Value.” Journal of Asian Finance, Economics and Business 7(4):71–80. doi: 10.13106/JAFEB.2020.VOL7.NO4.71.
Habakkuk, Barine Nkonge, Kariuki Samuel Nduati, and Kariuki Peter Wang’ombe. 2023. “Asset Structure, Leverage, and Value of Listed Firms: Evidence from Kenya.” Investment Management and Financial Innovations 20(1):184–94. doi: 10.21511/imfi.20(1).2023.16.
Hutagaol-Martowidjojo, Yanthi, Aljosa Valentincic, and Dezie L. Warganegara. 2019. “Earnings Quality and Market Values of Indonesian Listed Firms.” Australian Accounting Review 29(1):95–111. doi: 10.1111/auar.12234.
Ibhagui, Oyakhilome W., and Felicia O. Olokoyo. 2018. “Leverage and Firm Performance: New Evidence on the Role of Firm Size.” North American Journal of Economics and Finance 45(January):57–82. doi: 10.1016/j.najef.2018.02.002.
Ibrahim, Umar Abbas. 2020. “Effect of Financial Leverage on Firm Value: Evidence From Selected Firms Quoted on the Nigerian Stock Exchange.” European Journal of Business and Management (May). doi: 10.7176/ejbm/12-3-16.
Jensen, Michael C., and William H. Meckling. 1976. “Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership Structure.” The Corporate Financiers 3:305–60. doi: 10.1057/9781137341280.0038.
Jeroh, Edirin. 2020. “Corporate Financial Attributes and the Value of Listed Financial Service Firms: The Nigerian Evidence.” Academy of Accounting and Financial Studies Journal 24(2).
Kurniasari, Eka, Akhmadi, and Wawan Ichwanudin. 2023. “The Efficiency Asset Utilization Financial Performance and Capital Structure on Manufacturing Firm Value on the Indonesia Stock Exchange (IDX).” Enrichment : Journal of Management 13(2):1056–68.
Ogiriki, Tonye, and Ofonime Asemota. 2024. “Impact Of Earnings Quality On Firm Value Of Listed Insurance Firms In Nigeria.” 12(2):62–70.
Oktaviarni, Fakhrana, Yetty Murni, and Bambang Suprayitno. 2018. “Pengaruh Profitabilitas, Likuiditas, Leverage, Kebijakan Dividen, Dan Ukuran Perusahaan Terhadap Nilai Perusahaan (Studi Empiris Perusahaan Sektor Real Estate, Properti, Dan Konstruksi Bangunan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2014-2016).” 4(3):414–28.
Ompusunggu, Chiquitta Kristiolina, and Henryanto Wijaya. 2021. “Analisis Faktor-Faktor Yang Mempengaruhi Nilai Perusahaan.” Jurnal Wira Ekonomi Mikroskil 11(2):75–84. doi: 10.55601/jwem.v11i2.784.
Purnama, Hari. 2020. “Pengaruh Perencanaan Pajak Dan Kualitas Laba Terhadap Nilai Perusahaan Dengan Kinerja Keuangan Sebagai Variabel Intervening (Studi Kasus Perusahaan Food And Beverage Yang Terdaftar Di Bursa Efek Indonesia Periode 2015-2019).” Jurnal Riset Akuntansi Dan Keuangan 3(September):22–34.
Ramadhan, Muhammad Zamzam Dhaffa, Negina Kencono Putri, and Triani Arofah. 2022. “Impact Of Tangible Assets And Intangible Assets With Sustainable Growth As Moderating Variable On Value Of Firms Listed On Index Growth 30 Periods 2019-2020.” International Conference on Sustainable Competitive Advantage (2014):89–108.
Sixpence, Atanas, Olufemi P. Adeyeye, and Rajendra Rajaram. 2021. “Impact of Tangible Book Value and Operating Earnings on Firm Value Variants in South Africa.” Journal of Economic and Financial Sciences 14(1):1–12. doi: 10.4102/jef.v14i1.575.
Solehudin, Dede. 2024. “Pasar Properti Di Indonesia Diharapkan Akan Mencapai USD 64,78 Miliar Pada Tahun 2024 Dan Tumbuh Dengan CAGR 5,82% Hingga Mencapai USD 85,97 Miliar Pada Tahun 2029.” Energi Rumah.
SON, Vu Thanh, Bui Thu HA, Nguyen Quang ANH, Nguyen Phuong MAI, Duong Thuy TRANG, Le Duc LU, Ngo Thi Ngoc ANH3, and Le Thanh TAM. 2023. “Impact of Enterprise Risk Management on Firm Value During The Instability Context: Case of Vietnam.” (1):236–50.
Spence, Michael. 1973. “Job Market Signaling.” The Quarterly Journal of Economics 87(3):355–74.
Tonce, Dionisio Damara. 2023. “Metland (MTLA) Ungkap Dua Isu Sensitif Sektor Properti Pada 2024.” Bisnis.Com, December 22.
Wardani, Dewi Kusuma, and Fiolia Hayu Dewanti. 2022. “Pengaruh Kualitas Laba Terhadap Nilai Perusahaan Dengan Corporate Social Responsibility Sebagai Variabel Moderasi.” Ad-Deenar: Jurnal Ekonomi Dan Bisnis Islam 6(01):37. doi: 10.30868/ad.v6i01.1951.