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Journal : Jurnal Mahasiswa Entrepreneur

PENGARUH INTENSITAS RESEARCH AND DEVELOPMENT DAN BUSINESS RISK TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN LQ45 YANG TERDAFTAR DI BEI PERIODE 2016-2020 Yatim, Yatim; Subaida, Ida; Wahyuni, Ika
Jurnal Mahasiswa Entrepreneurship (JME) Vol 1 No 1 (2022): JANUARI 2022
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (530.702 KB) | DOI: 10.36841/jme.v1i1.1852

Abstract

This study aims to analyze and examine the effect of research and development intensity and business risk on firm value with financial performance as the intervening variable. This research is an explanatory research. The population in this study are LQ45 companies listed on the Indonesia Stock Exchange. The sampling technique used purposive sampling technique. Data analysis and hypothesis testing in this study used the Structural Equation Model - Partial Least Square (PLS-SEM).The results of the direct influence hypothesis test using the Smart PLS 3.0 application, indicate that the intensity of research and development has a positive but not significant effect on financial performance, Business risk has a significant positive effect on financial performance, the intensity of research and development has a significant negative effect on firm value, Business risk has a positive effect but not significant to firm value, financial performance has a negative but not significant effect on firm value. The results of the indirect effect hypothesis test show that the intensity of research and development and business risk on firm value through financial performance has a negative but not significant effect.