Asian Journal of Management Analytics
Vol. 3 No. 1 (2024): January 2024

Determinants of Firm Value: Analysis on Non-Cyclical Consumer Companies

Mardiana, Karlin Sagita (Unknown)
Attamimi, Abdul Hakim (Unknown)
Saud, Yehezkiel Victor (Unknown)
Sofianti, Evin (Unknown)



Article Info

Publish Date
05 Mar 2024

Abstract

This study evaluates the factors that affect the value of non-cyclical consumer companies listed on the Indonesia Stock Exchange. The factors tested consist of financial factors, namely tax planning and avoidance, profitability, and liquidity. Testing is also carried out on non-financial factors, namely gender diversity of the board of directors and good corporate governance. The population in this study were all Consumer Non-Cyclical companies listed on the Indonesia Stock Exchange for the period 2023. Sampling using purposive sampling system and obtained 34 companies. The data used is secondary data in the form of annual financial reports of companies listed during the period 2018 - 2022. This study uses panel data regression analysis. The study results state that firm value is positively impacted by financial variables and negatively impacted by non-financial variables.

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Journal Info

Abbrev

ajma

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

The Asian Journal of Management Analytics (AJMA) is a journal focused on the theory and application of data analytics and its applications in contemporary business, economics, and management disciplines. These disciplines include accounting, finance, management, marketing, economics ...