Profitability and growth drive firm value in Indonesian manufacturing companies.
The study looked at how factors like growth, profitability, leverage, firm size, and institutional ownership affect the value of manufacturing companies on the Indonesia Stock Exchange from 2015 to 2017. They found that growth, profitability, and leverage all have a significant impact on firm value. However, firm size doesn't seem to affect firm value much, and institutional ownership actually has a negative influence on firm value.