Determinants of Financial Performance and Its Impact on Firm Value

IF 2.5 4区管理学 Q2 BUSINESS, FINANCE

Abacus-A Journal of Accounting Finance and Business Studies Pub Date : 2022-01-31 DOI:10.47153/afs21.3192022

Mulyadi, Humaira Dinda Mulyadi

{"title":"Determinants of Financial Performance and Its Impact on Firm Value","authors":"Mulyadi, Humaira Dinda Mulyadi","doi":"10.47153/afs21.3192022","DOIUrl":null,"url":null,"abstract":"This study aims to examine the determinants of financial performance of Manufacturing Companies In The Consumer Goods Industry during 2014-2020 listed on the Indonesia Stock Exchange (IDX) and their effect on firm value. The factors used in this study consist of Liquidity, Leverage, Risk, and Tangibility of Assets (TOA). Also, profitability is also used as a mediating variable. Firm value is proxied by Price Book Value (PBV). \nThe sampling technique was carried out by purposive sampling method. The research method used is a quantitative method with secondary data. The analysis technique used is Partial Least Square Path Modeling with WarpPLS 7.0 Program. \nThe results showed that Liquidity, Leverage, Risk, and Tangibility of Assets (TOA) has no significant effect on Firm Value. Profitability has significant positive effect on Firm Value. Meanwhile, Profitability succeeded in mediating all the effects of Liquidity, Leverage, Risk, and Tangibility of Assets (TOA) on Firm Value. For future researchers, it is expected to use Firm Value proxies outside of this study, research object outside of the population that have been studied, and extend the research period. Further researchers are expected to be able to use other models and add other variables beyond those already used in this study.","PeriodicalId":47285,"journal":{"name":"Abacus-A Journal of Accounting Finance and Business Studies","volume":"3 1","pages":""},"PeriodicalIF":2.5000,"publicationDate":"2022-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Abacus-A Journal of Accounting Finance and Business Studies","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.47153/afs21.3192022","RegionNum":4,"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: 0

Abstract

This study aims to examine the determinants of financial performance of Manufacturing Companies In The Consumer Goods Industry during 2014-2020 listed on the Indonesia Stock Exchange (IDX) and their effect on firm value. The factors used in this study consist of Liquidity, Leverage, Risk, and Tangibility of Assets (TOA). Also, profitability is also used as a mediating variable. Firm value is proxied by Price Book Value (PBV). The sampling technique was carried out by purposive sampling method. The research method used is a quantitative method with secondary data. The analysis technique used is Partial Least Square Path Modeling with WarpPLS 7.0 Program. The results showed that Liquidity, Leverage, Risk, and Tangibility of Assets (TOA) has no significant effect on Firm Value. Profitability has significant positive effect on Firm Value. Meanwhile, Profitability succeeded in mediating all the effects of Liquidity, Leverage, Risk, and Tangibility of Assets (TOA) on Firm Value. For future researchers, it is expected to use Firm Value proxies outside of this study, research object outside of the population that have been studied, and extend the research period. Further researchers are expected to be able to use other models and add other variables beyond those already used in this study.

查看原文本刊更多论文

财务绩效的决定因素及其对企业价值的影响

本研究旨在研究2014-2020年在印度尼西亚证券交易所(IDX)上市的消费品行业制造公司财务绩效的决定因素及其对公司价值的影响。本研究使用的因素包括流动性、杠杆、风险和资产有形性(TOA)。此外，盈利能力也被用作中介变量。企业价值由价格账面价值(PBV)代表。抽样技术采用目的抽样法。本研究采用的研究方法是利用二手数据进行定量分析。采用的分析技术是用warppl7.0程序进行偏最小二乘路径建模。结果表明，流动性、杠杆率、风险和资产有形性(TOA)对企业价值没有显著影响。盈利能力对企业价值有显著的正向影响。同时，盈利能力成功地中介了流动性、杠杆、风险和资产有形性(TOA)对企业价值的所有影响。对于未来的研究人员，预计将在本研究之外使用公司价值代理，研究对象在已研究的人群之外，并延长研究期限。进一步的研究人员希望能够使用其他模型，并在本研究中已经使用的模型之外添加其他变量。

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

Abacus-A Journal of Accounting Finance and Business Studies BUSINESS, FINANCE-

CiteScore

3.30

自引率

4.80%

发文量

期刊介绍： Since 1965 Abacus has consistently provided a vehicle for the expression of independent and critical thought on matters of current academic and professional interest in accounting, finance and business. The journal reports current research; critically evaluates current developments in theory and practice; analyses the effects of the regulatory framework of accounting, finance and business; and explores alternatives to, and explanations of, past and current practices.