Academia Open
Vol 9 No 1 (2024): June

Unveiling Firm Value Dynamics Amidst COVID-19

Permatasari, Endah (Unknown)
Maryanti, Eny (Unknown)



Article Info

Publish Date
06 Jun 2024

Abstract

This research investigates the impact of company size, leverage, company growth, and profitability on firm value in the food and beverage sector amidst the COVID-19 pandemic. Utilizing Partial Least Square regression and data from Indonesia Stock Exchange-listed companies, the study finds that company size, leverage, and profitability significantly influence firm value, while company growth does not. Moreover, company size affects profitability, while leverage and company growth do not notably impact profitability. Profitability serves as an intermediary between company size and firm value but does not mediate the relationship between leverage, company growth, and firm value. These findings highlight the importance of considering multiple factors concurrently in assessing firm value, particularly in times of crisis, offering valuable insights for managerial decision-making and policy formulation to enhance business resilience and sustainability. Highlights: 1. Analyzing firm value during COVID-19, emphasizing company size and profitability.2. Company size, leverage, and profitability significantly influence firm value.3. Profitability acts as a mediator, impacting firm value dynamics. Keywords: Firm value, COVID-19, Company factors, Profitability, Partial Least Square regression

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Journal Info

Abbrev

acopen

Publisher

Subject

Agriculture, Biological Sciences & Forestry Arts Humanities Chemistry Computer Science & IT Earth & Planetary Sciences Economics, Econometrics & Finance Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Medicine & Pharmacology Physics Social Sciences Other

Description

Academia Open is published by Universitas Muhammadiyah Sidoarjo published 2 (two) issues per year (June and December). This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge. This ...