Factors Affecting Firm Value: Empirical Research on Non-Cyclicals Consumer Firms
Journal Title: Journal of Economics, Finance and Management Studies - Year 2024, Vol 7, Issue 04
Abstract
This study aimed to examine the relationship between Corporate Governance proxied by Independent Commissioner and Audit Committee, Dividend Policy (DPR), and Investment Decision (PER) on Firm Value (PBV) with Financial Performance (ROA) as mediating variable. The sampling technique used was purposive sampling technique which obtained 102 observations of Consumer Non-Cyclicals companies during 2018-2022. The data analysis technique used in this study was multiple linear regression analysis. The research results showed that Dividend Policy has a positive effect on Financial Performance. On the contrary, this research showed that Independent Commissioners and Investment Decisions can reduce financial performance. The research results also showed that the Audit Committee, Dividend Policy, Investment Decisions, and Financial Performance have positive effect on firm value. However, Independent Commissioners has no effect on firm value. The results of the sobel test showed that Dividend Policy can improve the company's Financial Performance, so it can improve firm value of consumer non-cyclical companies.
Authors and Affiliations
Nurul Rahmawati, Maulida Nurul Innayah , Erna Handayani , Yudhistira Pradhipta Aryoko,
Keywords
Related Articles
- EP ID EP734653
- DOI 10.47191/jefms/v7-i4-44
- Views 7
- Downloads 0
Factors Determining Adoption of Improved Wheat Varieties by Smallholder Farmers in Ethiopia
The study determined the level and factors that influence adoption of improved wheat variety adoption among smallholder farmers in Ethiopia. The study used household level cross sectional data collected during 2015/16 c...
Examining the Importance of Organisational Culture, Employee Commitment and Leadership on Project Performance of Organisations in Malaysia
The project performance of organisations have proven to be important in terms of ensuring that the projects remain profitable and that there are no hindrances for the success of the project. Therefore, continuous assessi...
Leadership as a Factor of School Quality in International Schools
The success of an international school is affected by a multiple of factors, most of which contribute to the quality of learning. One of these factors is related to the role of a principal whose leadership quality impact...
The Effect of Participatory Leadership Style and Work Motivation on Employee Performance through Job Satisfaction at the Malang City District Office
This study has at least four aims to carry out. Such as describing participatory leadership style, work motivation, employee job satisfaction, and employee performance. Also, analyze the effect of participatory leadershi...
The influence of Company Size, Business Risk, Profitability, Liquidity, and Asset Structure in Automotive Sector Industry Companies Listed On the IDX For The 2018-2020 Period
This study aims to analyze the effect of company size, business risk, profitability, liquidity, and asset structure on debt policy in automotive industry companies listed on the Indonesia Stock Exchange for the 2018-2020...