Quality of Financial Statements, Investment Efficiency and Firm Value
Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 01
Abstract
This study aims to analyze the effect of the quality of financial statements on firm value through investment efficiency. This type of research is explanatory with a purposive sampling technique obtained by 82 companies with 284 observations of manufacturing companies listed on the Indonesia Stock Exchange during the 2018-2020 research period. Data analysis used is descriptive statistical analysis and path analysis using multiple regression. The results of the study show that the quality of financial statements has an effect on investment efficiency and firm value. investment efficiency, overinvestment, and underinvestment mediate the effect of report quality.
Authors and Affiliations
Abdul Malik Kumar, Grahita Chandrarin, Harmono
Keywords
Related Articles
- EP ID EP726720
- DOI 10.47191/jefms/v6-i01-46
- Views 52
- Downloads 0
The Effect of Liquidity, Leverage, Profitability, and Company Size on Bond Ratings in Banking Sector Companies in Indonesia 2017- 2020
This study aims to detect empirical evidence regarding the effect of Liquidity, Leverage, Profitability and Company Size on bond ratings. The population in this study is banking companies listed on the Indonesia Stock Ex...
Restructuring of Electric Power Sector: The Transition from Monopoly to Competitive Market Conditions
The electric power sector is facing comprehensive changes reflected in the reorganization of the entire market, in the economic relations management and the technical and technological functioning of companies. The chan...
Social Economic Analysis of Financial Inclusion and Poverty in Indonesia
This article analyzes the impact of financial inclusion on poverty in Indonesia using data from the 2020 National Socioeconomic Survey (Susenas), with household heads as the sample. The study posits the hypothesis that f...
Does Board Gender Diversity Moderatively Affect the Relationship Between Business Characteristics and Corporate Sustainability Performance?
Business sustainability is a process of increasing the positive impacts, while at the same time, is expected reducing negative effects of operations in order to achieve sustainable economic, social, and environmental per...
A Bibliometric Analysis of the Financial Fraud Detection Literature from 2004 To 2024
This paper examines the literature on financial fraud detection, using a bibliometric analysis of 386 documents published between 2004 and 2024, utilizing the Bibliometrix R package. The documents were sourced from 218 o...