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A STUDY OF ENTERPRISE VALUE IN INDONESIAN MANUFACTURING FIRMS: EVIDENCE FROM IDX-LISTED COMPANIES Winda Dwi Yanthi; Eddo nanda Oktarici
JOURNAL OF APPLIED MANAGERIAL ACCOUNTING Vol. 9 No. 1 (2025): JOURNAL OF APPLIED MANAGERIAL ACCOUNTING
Publisher : Pusat P2M Politeknik Negeri Batam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30871/jama.v9i1.8723

Abstract

The research study examined the influence debt policy, profitability, company performance, and investment decisions on the value of enterprises within the manufacturing sectors which listed on the Indonesia Stock Exchange (IDX) from 2018 into 2022. We included 15 companies in the sample and conducted the analysis using multiple linear regression with SPSS 25. The findings indicated that the debt policy (DER) had a significant negative impact on firm value, evidenced by a t count of -3.178 and a significance level of 0.002. The impact of profitability (ROE) on firm value is notably positive, as evidenced by a t amount of 9.110 and a significance level 0.000. The company performance, measured by ROA, had a significantly negative impact on enterprise value, evidenced by a t count of -0.3288 and a significance level 0.002. In the meantime, investment decisions (CAPBVA) do not significantly influence enterprise value, as indicated by a t count of 1.991 and a corresponding significance level. This study offers investors and company management a deeper understanding of the elements that contribute to firm value in the manufacturing industry.
FINANCIAL LITERACY, FINANCIAL SELF-EFFICACY, AND FINANCIAL WELL-BEING AMONG GENERATION Z: EVIDENCE FROM BATAM, INDONESIA Eddo Nanda Oktarici; Alyssia Rahmadhani Dirmana Putri
JOURNAL OF APPLIED MANAGERIAL ACCOUNTING Vol. 10 No. 1 (2026): JOURNAL OF APPLIED MANAGERIAL ACCOUNTING
Publisher : Pusat P2M Politeknik Negeri Batam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30871/jama.v10i1.12935

Abstract

In the developing industrial regions, young adults like generation Z require more than just fundamental financial knowledge to navigate the complexities of the modern economic landscape, financial problems and financial freedom. This study analyzes the mediating role of financial self-efficacy in the relationship between financial literacy and financial well-being of Generation Z in Batam City Indonesia, a major economic hub in Indonesia. The primary data of the study were collected using the quantitative survey design method through purposive sampling of 350 Gen Z. Partial Least Squares Structural Equation Modeling (PLS-SEM) was used to analyze the structural correlation between variables. The study results show that financial literacy directly and significantly affects financial self-efficacy and financial well-being. Moreover, financial self-efficacy significantly affects financial well-being while partially mediating the effect of financial literacy on financial well-being. This study reaffirms the importance of financial literacy; however, its effect is maximized when accompanied by self-confidence in managing finances. This study adds to the literature on the financial well-being of Generation Z and has practical implications for improving financial literacy and promoting self-efficacy towards sustainable financial conditions.