Business, Management and Accounting
4 years ago

Manufacturing companies' value influenced by growth, size, and profitability, not structure.

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International Journal of Public Budgeting, Accounting and Finance
THE EFFECT OF CAPITAL STRUCTURE, FIRM GROWTH, FIRM SIZE AND PROFITABILITY ON FIRM VALUE OF COMPANIES WITH GOOD CORPORATE GOVERNANCE AS A MODERATING VARIABLES IN MANUFACTURING COMPANIES IN THE BASIC AND CHEMICAL INDUSTRY REGISTERED IN INDONESIA STOCK EXCHANGE
Arief Hidayat Tumanggor

Paper Summary

The study looked at how factors like capital structure, firm growth, firm size, and profitability affect the value of manufacturing companies in the Basic Industry and Chemical sectors in Indonesia. They found that these factors together influence firm value, with firm growth, firm size, and profitability having a direct impact. However, capital structure alone does not affect firm value. Additionally, the presence of good corporate governance does not influence these relationships.

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