Determinants of agricultural companies’ firm value listed on the Indonesia Stock Exchange
Purpose — The goal of this study is to examine how firm size, corporate social responsibility, capital structure, profitability, and firm age impact the firm value of agricultural companies listed on the Indonesia Stock Exchange (IDX). Method — We employed the purposive sampling method to select a...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universitas Islam Negeri (UIN) Mataram, Faculty of Islamic Economics and Business
2023-07-01
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| Series: | Journal of Enterprise and Development |
| Subjects: | |
| Online Access: | https://journal.uinmataram.ac.id/index.php/jed/article/view/7925 |
| _version_ | 1797772131779477504 |
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| author | Valencia Valencia Hery Haryanto |
| author_facet | Valencia Valencia Hery Haryanto |
| author_sort | Valencia Valencia |
| collection | DOAJ |
| description |
Purpose — The goal of this study is to examine how firm size, corporate social responsibility, capital structure, profitability, and firm age impact the firm value of agricultural companies listed on the Indonesia Stock Exchange (IDX).
Method — We employed the purposive sampling method to select a sample of 12 oil palm plantation companies listed on the Indonesia Stock Exchange (IDX) for the period between 2013 and 2021. The secondary data, comprising both quantitative and qualitative data, were collected from the websites of these sample companies. To analyze the collected sample, we utilized the panel regression analysis method by employing Stata 17 and SPSS (Statistical Product and Service Solutions) software.
Result — We found that firm size had a significant and negative impact on firm value. However, corporate social responsibility, capital structure, profitability, and firm age did not show any significant impact on firm value.
Contribution — This study contributes to the academic literature by examining oil palm plantation companies over a nine-year period and incorporating control variables such as profitability, firm size, and firm age.
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| first_indexed | 2024-03-12T21:47:36Z |
| format | Article |
| id | doaj.art-c61345225eba48c49f015a68eb0c46d9 |
| institution | Directory Open Access Journal |
| issn | 2715-3118 2685-8258 |
| language | English |
| last_indexed | 2024-03-12T21:47:36Z |
| publishDate | 2023-07-01 |
| publisher | Universitas Islam Negeri (UIN) Mataram, Faculty of Islamic Economics and Business |
| record_format | Article |
| series | Journal of Enterprise and Development |
| spelling | doaj.art-c61345225eba48c49f015a68eb0c46d92023-07-26T10:09:57ZengUniversitas Islam Negeri (UIN) Mataram, Faculty of Islamic Economics and BusinessJournal of Enterprise and Development2715-31182685-82582023-07-015Special Issue 1Determinants of agricultural companies’ firm value listed on the Indonesia Stock ExchangeValencia Valencia0Hery Haryanto1Batam International University, IndonesiaBatam International University, Indonesia Purpose — The goal of this study is to examine how firm size, corporate social responsibility, capital structure, profitability, and firm age impact the firm value of agricultural companies listed on the Indonesia Stock Exchange (IDX). Method — We employed the purposive sampling method to select a sample of 12 oil palm plantation companies listed on the Indonesia Stock Exchange (IDX) for the period between 2013 and 2021. The secondary data, comprising both quantitative and qualitative data, were collected from the websites of these sample companies. To analyze the collected sample, we utilized the panel regression analysis method by employing Stata 17 and SPSS (Statistical Product and Service Solutions) software. Result — We found that firm size had a significant and negative impact on firm value. However, corporate social responsibility, capital structure, profitability, and firm age did not show any significant impact on firm value. Contribution — This study contributes to the academic literature by examining oil palm plantation companies over a nine-year period and incorporating control variables such as profitability, firm size, and firm age. https://journal.uinmataram.ac.id/index.php/jed/article/view/7925capital structurecorporate social responsibilityfirm agefirm sizefirm valueprofitability |
| spellingShingle | Valencia Valencia Hery Haryanto Determinants of agricultural companies’ firm value listed on the Indonesia Stock Exchange Journal of Enterprise and Development capital structure corporate social responsibility firm age firm size firm value profitability |
| title | Determinants of agricultural companies’ firm value listed on the Indonesia Stock Exchange |
| title_full | Determinants of agricultural companies’ firm value listed on the Indonesia Stock Exchange |
| title_fullStr | Determinants of agricultural companies’ firm value listed on the Indonesia Stock Exchange |
| title_full_unstemmed | Determinants of agricultural companies’ firm value listed on the Indonesia Stock Exchange |
| title_short | Determinants of agricultural companies’ firm value listed on the Indonesia Stock Exchange |
| title_sort | determinants of agricultural companies firm value listed on the indonesia stock exchange |
| topic | capital structure corporate social responsibility firm age firm size firm value profitability |
| url | https://journal.uinmataram.ac.id/index.php/jed/article/view/7925 |
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