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 33
- Downloads 0
Job Satisfaction of Industrial Workers of Bangladesh: A Study on Meghna Textile Mills Limited
Job satisfaction is important for better performance. This research paper shows the various factors affect job satisfaction. To find the actual facts 50 respondents are selected randomly from Meghna Textiles Mills Ltd.,...
Effect of Debt to Equity Ratio and Current Ratio on Company Value with Return on Assets as Intervening Variable in Consumer Goods Industrial Companies Listed on the Indonesia Stock Exchange for the 2015–2018 Period
The value of the company is an illustration of how good or bad management is in managing its wealth. An increase in the value of the company is usually marked by an increase in stock prices. The purpose of this study is...
Improving the Methods of Assessing the Socio-Economic Potential of the Regions of the Republic of Uzbekistan on the Basis of Intellectual Mathematical Models
The article examines the investment potential of the territories of the Republic of Uzbekistan and the issues and investment distribution problems in them. Also, in the article predictions were made using programs of mat...
The Influence of Quality of Tourism Services and Products on Loyalty through Tourist Satisfaction at Selomangleng Cave Tourism, Kediri City
This research is entitled The Influence of Service Quality and Tourism Products on Loyalty through Tourist Satisfaction in the Selomangleng Cave Tourism, Kediri City, which aims to describe the influence of service quali...
Influence of Cost Efficiency on Performance of Nigerian Listed Deposit Money Banks
Cost efficiency is very important in this new age since profitability continue to shrink and new business is becoming almost impossible. Therefore, this study is to examine impact of cost efficiency on financial perform...