The Effects Of Financial Performance Toward Firm Value With Ownership Structure As Moderating Variable (The Study On Manufacturing Companies Listed In Indonesia Stock Exchange In The Period Of 2012-2016)

Luthfiah, Anida Amalia; Suherman, Suherman

doi:10.21009/jobbe.002.1.03

Cited by 12 publications

(21 citation statements)

References 8 publications

(11 reference statements)

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“…The higher the company's financial performance, the more it will attract investors to invest so that the company's value increases. The results of this study are in line with research conducted by Chen and Chen (2011); Hatem (2017); Luthfiah and Suherman (2018); Tui, Nurnajamuddin, Sufri, and Nirwana (2017). These studies found that high company financial performance was a good indicator of company progress and able to influence investor decisions that can ultimately increase firm value.…”

Section: Effect Of Financial Performance On Firm Valuesupporting

confidence: 90%

The Role of Women�s Leadership in Manufacturing Companies Listed on the Indonesia Stock Exchange

Widhiastuti

Kiswanto

Jati

2020

The Indonesian Journal of Accounting Research

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This study aims to determine the role of women on the board of directors in increasing firm value through financial performance. The research object was all manufacturing companies listed on the Indonesia Stock Exchange in 2017. The sampling technique used purposive sampling on condition that the company had a board of directors and a female commissioner and did not experience a loss during the observation year. The research data used secondary data in the form of annual financial statements that were downloaded through the official website of the Indonesia Stock Exchange (IDX). Hypothesis testing used WarpPLS analysis. The results showed that the presence of women on the board had a negative impact on financial performance, the financial performance had a positive and significant effect on firm value, and the presence of women on the board had a significant negative effect on firm value through financial performance.

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Section: Effect Of Financial Performance On Firm Valuesupporting

confidence: 90%

The Role of Women�s Leadership in Manufacturing Companies Listed on the Indonesia Stock Exchange

Widhiastuti

Kiswanto

Jati

2020

The Indonesian Journal of Accounting Research

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“…So, it can be said that the higher the company's performance, the higher the firm's value. According to the research of Sudiyatno, Puspitasari, & Kartika (2012), Wibowo (2012) and Luthfiah & Suherman (2018), the results provided understanding to the management. If the company's performance rises, it will cause an increase in company revenue so that company profits will also increase.…”

Section: Effect Of Company Performance On Firm Valuementioning

confidence: 93%

“…According to Luthfiah & Suherman (2018), the firm value will increase in line with the increase in financial performance. Sudiyatno, Puspitasari, & Kartika (2012) stated that company performance is considered a positive signal by market participants as a sign of return on investment.…”

Section: |mentioning

confidence: 99%

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Investment opportunity set, dividend policy, company’s performance, and firm’s value: Some Indonesian firms evidence

Resti

Purwanto

Ermawati

2019

Jurnal Keuangan Dan Perbankan

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The availability of investment opportunity set at state-owned companies and the dividend policy taken by state-owned company management should be signals in the company's efforts to improve performance. Therefore, both the Investment Opportunity Set (IOS) and dividend policy can be factors driving corporate performance. Thus, state owned-companies can further enhance firm value. We examined the effect of the IOS and dividend policy on company performance and firm value. The sample used in this study was the state-owned company listed at the Indonesia Stock Exchange and observed for 5 years, from 2013 to 2017. Data were collected using a purposive sampling method. This study had 13 sample companies that were processed using the panel data regression method. We found the first result revealed that dividend policy had a positive effect on company performance, which had a positive effect on firm value. Besides, the IOS was observed to have a positive impact on firm value. The second result showed that the IOS did not affect the company's performance, and dividend policy did not influence the firm's value. Thus, those results proved that the company's performance could provide a signal to the firm's value.

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“…Research conducted by Sucuahi and Cambarihan (2016), Kabajeh et al (2012) state that financial performance, as measured by the ratio of ROA, ROE, and NPM, has a significant positive effect on firm value. Luthfiah and Suherman (2018) found that the ratio of return on assets had a significant positive effect on Tobin's ratio Q. Alghifari et al (2013) examined the effect of ROA and ROE on firm value as measured by price to book value and Tobin's Q ratio found the result that ROA and ROE significantly positive effect on firm value.…”

Section: Effect Of Financial Performance On Firm Valuementioning

confidence: 99%

Impact of Structural Capital and Company Size on the Growth of Firm Value through Financial Performance with Good Corporate Governance as a Moderating Variable: Property and Real Estate Business in Indonesia

I¹,

Ida²,

Rahyuda³

2020

IJEBA

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Purpose: This study aims to examine the role of good corporate governance in moderating the effect of capital structure and firm size on financial performance and its impact on the value of property and real estate companies in Indonesia. Approach/Methodology/Design: The study population is a company incorporated in Indonesia's property and real estate industry and was listed on the Indonesia Stock Exchange (IDX) in 2013-2018. Data collection is done by distributing questionnaires offline and online using Google forms that have been tested with validity and reliability testing. The data analysis technique used is the SEM-PLS Analysis technique. Findings: The results showed that the mechanism of good corporate governance in the form of board affiliation, the size of the board of directors, and the presence of an audit committee moderated the decision of capital structure and firm size that influenced financial performance and firm value. This study also proves the direct and indirect effect of capital structure decisions on financial performance and firm value. Another finding is the indirect effect of company size on firm value through financial performance. Practical Implications: Board affiliation can reduce asymmetric information so that management will make decisions and act on shareholders' interests. Originality/Value: Mechanism through good corporate governance and the use of debt as control over the manager's performance will reduce the occurrence of agency problems.

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The Effects Of Financial Performance Toward Firm Value With Ownership Structure As Moderating Variable (The Study On Manufacturing Companies Listed In Indonesia Stock Exchange In The Period Of 2012-2016)

Cited by 12 publications

References 8 publications

The Role of Women�s Leadership in Manufacturing Companies Listed on the Indonesia Stock Exchange

The Role of Women�s Leadership in Manufacturing Companies Listed on the Indonesia Stock Exchange

Investment opportunity set, dividend policy, company’s performance, and firm’s value: Some Indonesian firms evidence

Impact of Structural Capital and Company Size on the Growth of Firm Value through Financial Performance with Good Corporate Governance as a Moderating Variable: Property and Real Estate Business in Indonesia

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