Jurnal Riset Manajemen dan Bisnis
Vol 10 No 1 (2025)

The relationship between leverage and company value: an approach using industry effect resolution

Mustafa, Yusufi Arif (Unknown)
Haikal, Fahri (Unknown)
Apandi, Aden (Unknown)

Article Info

Publish Date
02 Oct 2025

Abstract

This study aims to analyze the effect of leverage on firm value by incorporating industry effect resolution. The sample consists of non-financial companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period. Using panel data regression with fixed-effects and random-effects models, the research compares the impact of leverage on firm value before and after accounting for industry-specific characteristics. The results indicate that leverage has a positive impact on firm value, both before and after controlling for the industry effect.

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Journal Info
Jurnal Riset Manajemen dan Bisnis
Website

Abbrev

JRMB

Publisher

Lembaga Pengembangan Manajemen dan Publikasi Imperium

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Jurnal Riset Manajemen dan Bisnis is intended to be the journal for publishing articles reporting the results of research on Business Management. The journal will focus on providing quality research in the areas of Business Management. The goal of the journal is to cover topics that are paramount in ...