Business, Management and Accounting
3 years ago

Profitability, not capital structure, drives firm value in state-owned banks.

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Jurnal Aplikasi Akuntansi
FIRM VALUE PERFORMANCE: PROFITABILITY PERSPECTIVE AND CAPITAL STRUCTURE AT STATE-OWNED BANK
Kendri Nengah Sukendri, Ni Putu Ari Aryawati

Paper Summary

The study looked at how profitability and capital structure affect the value of state-owned banks in Indonesia from 2014 to 2018. They found that profitability has a significant impact on firm value, while capital structure does not.

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