Indonesian Financial Review
Vol. 5 No. 1 (2025)

Panel Data Analysis of Investment Decisions and Firm Value in the Indonesian Consumer Goods Industry

Wulandari, Wulandari (Unknown)

Article Info

Publish Date
28 Jul 2025

Abstract

This study aims to analyze the influence of business risk, investment decisions, and good corporate governance on firm value. The research was conducted using secondary data derived from financial statements of food and beverage sub-sector companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023. The independent variables are business risk, investment decisions, managerial ownership, institutional ownership, and independent commissioners, while firm value serves as the dependent variable. Panel data regression is employed using EViews 12. The study finds that only investment decisions have a statistically significant and positive effect on firm value, aligning with signaling theory.

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Journal Info
Indonesian Financial Review
Website

Abbrev

IFR

Publisher

YAYASAN PENDIDIKAN PENELITIAN DAN PENGABDIAN AL AMSI

Subject

Economics, Econometrics & Finance

Description

The intent of the Editors of The Indonesia Financial Review is to discuss, explore, and disseminate the latest issues and developments in Empirical Financial Economics (JEL classification: G), particularly those related to financial frictions in the Emerging Markets. The others are accepted such as ...