Debt and Asset Turnover Boost Firm Value for Indonesian Telecom Companies.
The study looked at factors influencing the value of telecommunication companies in Indonesia. They found that Return on Assets, Current Ratio, and Company Size did not affect the companies' value, while Debt to Equity Ratio and Total Asset Turnover had a positive impact on their value. The researchers used data from 2012-2017 and analyzed information from five telecommunications companies listed on the Indonesia Stock Exchange.