The effects of environmental performance, financial leverage, and institutional ownership on firm value: a study on manufacturing firms in Indonesia

IF 2.9 3区 管理学 Q2 BUSINESS, FINANCE
Martha Arfazil, Mulia Saputra, Indayani
{"title":"The effects of environmental performance, financial leverage, and institutional ownership on firm value: a study on manufacturing firms in Indonesia","authors":"Martha Arfazil, Mulia Saputra, Indayani","doi":"10.20885/jca.vol3.iss3.art5","DOIUrl":null,"url":null,"abstract":"This study aims to examine the relationships between environmental performance, financial leverage, as well as institutional ownership and firm value. In this study, firm value is measured with Tobin's Q ratio. The sample used in this study was 20 manufacturing firms listed at the Indonesia Stock Exchange with the observation period between 2016-2019; so, the total observations made were 80. Multiple regression analysis using SPSS application was carried out to scrutinize the data. The results of this study indicate that all independent variables tested, namely environmental performance, financial leverage, and institutional ownership, have positive influences on firm value. These results provide a good signal for the investors to continuously invest in manufacturing firms. In addition, good environmental performance has an impact on firms’ positive image.","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":"128 1","pages":""},"PeriodicalIF":2.9000,"publicationDate":"2022-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Contemporary Accounting & Economics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.20885/jca.vol3.iss3.art5","RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 1

Abstract

This study aims to examine the relationships between environmental performance, financial leverage, as well as institutional ownership and firm value. In this study, firm value is measured with Tobin's Q ratio. The sample used in this study was 20 manufacturing firms listed at the Indonesia Stock Exchange with the observation period between 2016-2019; so, the total observations made were 80. Multiple regression analysis using SPSS application was carried out to scrutinize the data. The results of this study indicate that all independent variables tested, namely environmental performance, financial leverage, and institutional ownership, have positive influences on firm value. These results provide a good signal for the investors to continuously invest in manufacturing firms. In addition, good environmental performance has an impact on firms’ positive image.
环境绩效、财务杠杆和机构所有权对企业价值的影响:基于印尼制造业企业的研究
本研究旨在探讨环境绩效、财务杠杆、机构所有权和企业价值之间的关系。在本研究中,公司价值是用托宾Q比来衡量的。本研究使用的样本为20家在印度尼西亚证券交易所上市的制造业公司,观察期为2016-2019年;总共观察了80次。采用SPSS软件进行多元回归分析,对数据进行检验。研究结果表明,环境绩效、财务杠杆、机构所有权等自变量对企业价值均有正向影响。这些结果为投资者持续投资制造业企业提供了良好的信号。此外,良好的环境绩效对企业的正面形象也有影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
CiteScore
6.00
自引率
3.00%
发文量
24
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信