Financial Decision, Innovation, Profitability and Company Value: Study on Manufacturing Company Listed in Indonesian Stock Exchange

Mursalim, Mursalim; Alamzah, Nur; Sanusi, Abdullah

doi:10.22610/imbr.v7i2.1141

Cited by 12 publications

(12 citation statements)

References 10 publications

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“…ROI did not affect on PBV, so the hypothesis 13 was rejected. These findings supported Gusaptono (2010), but refused Mursalim et al (2015) that proved ROI had a positive effect on firm value. ROE influence on PBV, so hypothesis 14 was accepted.…”

Section: Discussionsupporting

confidence: 73%

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Mediation of CSR and Profitability on the Influences of GCG Mechanisms to the Firm Value

Umar¹

2017

Jurnal Keuangan Dan Perbankan

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The purpose of this research was to determine the causal relationship among GCG mechanism, financial performance, CSR and firm's value. The model of the research was constructed by using financial performance and CSR as intervening variables on the effect of GCG mechanism to firm's value. This research was accomplished on companies listed in Jakarta Islamic Index (JII) in Indonesia Stock Exchange for the period of 2007-2013. The result showed that GCG mechanism tended to reject every CSR financing. CSR was positively affected by Return on Investment (ROI). GCG mechanism represented by institutional ownership (INWN) had a positive effect to ROI. ROI had a positive effect to return on equity (ROE), and ROE had a positive effect to firm's value. This study proved that ROI was mediating significantly the effect of INWN to CSR, and ROE was mediating significantly the effect of ROI to firm's value. ABSTRAKTujuan penelitian ini adalah untuk menguji hubungan kausalitas antara mekanisme GCG, kinerja keuangan, CSR dan nilai perusahaan. Model penelitian dibangun dengan menempatkan kinerja keuangan dan CSR sebagai variabel intervening pada pengaruh mekanisme GCG terhadap nilai perusahaan. Penelitian dilalukan pada perusahaan Jakarta Islamic Index (JII) di Bursa Efek Indonesia untuk periode tahun 2007 penelitian menunjukkan bahwa mekanisme GCG cenderung menolak berbagai pembiayaan CSR. CSR dipengaruhi positif Return on Invesment (ROI). Mekanisme GCG yang diproksi Institutional Ownership (INWN) berpengaruh positif terhadap ROI. ROI berpengaruh positif terhadap Return on Equity (ROE), dan ROE berpengaruh positif terhadap nilai perusahaan. Penelitian ini membuktikan bahwa ROI memediasi secara signifikan pengaruh INWN terhadap CSR, dan ROE memediasi secara signifikan pengaruh ROI terhadap nilai perusahaan.

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Section: Discussionsupporting

confidence: 73%

“…Research of Mursalim et al (2015) proves that the achievement of financial performance has a positive effect on firm value. Investors will be motivated to invest in a company if the level of profit earned in the current year and forecast for the years ahead is high.…”

Section: Effect Of Financial Performance On Price To Book Valuementioning

confidence: 99%

Mediation of CSR and Profitability on the Influences of GCG Mechanisms to the Firm Value

Umar¹

2017

Jurnal Keuangan Dan Perbankan

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“…Peran inovasi, semestinya tidak lagi hanya terbatas sebagai alat bagi pemecahan masalah yang dihadapi perusahaan. Inovasi juga berperan sebagai alat untuk menciptakan, meningkatkan, dan mempertahankan nilai perusahaan (Mursalim et al, 2015). Oleh karena itu dapat dirumuskan hipotesis sebagai berikut; H 4 : Terdapat pengaruh signifikan antara pertumbuhan perusahaan dengan ukuran perusahaan…”

Section: Pengembangan Hipotesisunclassified

Inovasi, Pertumbuhan, Ukuran Dan Nilai Perusahaan Farmasi Di Indonesia

Nohong

2016

Jurnal Keuangan Dan Perbankan

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This research was based on the strategic role of firm innovation. For a pharmaceutical company, innovation drives the firm to expand new product which responsive to the needs of public health. The purpose of this study was to explain the innovation role on growth, size, and the value of pharmaceutical company in Indonesia. The Secondary data in 2011 -2014 period, ten sample uses pharmaceutical companies listed on the Indonesia Stock Exchange. Data were analyzed using Structural Equation Modeling with PLS. The research results show that innovation were able to increase growth, size and company value.

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“…Olatunji & Adegbite, (2014) find that asset structure has a positive effect on operating activities in banking companies in Nigeria. Muritala (2012) and Mursalim, Hendragunawan, Alamzah, & Sanusi (2015) also find that the asset structure has a positive effect on operating activities proxied by return on assets and return on equity. Vătavu (2015) find different results for Romanian companies.…”

Section: The Effect Of Assets Structure On Financial Performancementioning

confidence: 95%

“…The same results were found by Chaganti & Damanpour (1991) who find that capital structure has a positive effect on profitability. Mursalim et al (2015) examined 22 companies on the Indonesia Stock Exchange and also submit that capital structure has a positive effect on profitability.…”

Section: The Effect Of Capital Structure On Financial Performancementioning

confidence: 99%

The Impact of Investment Decision and Funding on Financial Performance and Firm Value

Santoso

2019

JEBIK

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Managers who are responsible for the management of companies are faced with two important decisions - investment and funding. The right investment decisions and choice of funding sources are important because they affect the company's financial performance. The selection of the types of assets to be invested and the right types of financing sources result in optimal returns for the company. It reflects good company performance and future prospects. In addition, optimal return is a good sign for investors. Companies that perform well experience increase in the value of their firm. This study examined the effect of investment decisions and the selection of appropriate sources of funds on the performance of the company and the consequent impact on the firm value. The study was conducted in two parts. The first part examined the effect of investment decisions on long-term assets with long-term funding on the rate of return and firm value. The second part examined the effect of investment decisions on the company's short-term assets and funding for financial performance and firm value. The case study used in this research is a consumer goods sub-sector company listed on the Indonesia Stock Exchange in the period 2010 to 2017. Path analysis is the data analysis tools that was used. The results of data analysis showed that the asset structure has an effect on financial performance and firm value. The capital structure affects the financial performance but does not affect the firm value of the company. Financial performance was measured by ROI.

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Financial Decision, Innovation, Profitability and Company Value: Study on Manufacturing Company Listed in Indonesian Stock Exchange

Cited by 12 publications

References 10 publications

Mediation of CSR and Profitability on the Influences of GCG Mechanisms to the Firm Value

Mediation of CSR and Profitability on the Influences of GCG Mechanisms to the Firm Value

Inovasi, Pertumbuhan, Ukuran Dan Nilai Perusahaan Farmasi Di Indonesia

The Impact of Investment Decision and Funding on Financial Performance and Firm Value

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