Journal of Applied Accounting and Sustainable Finance
Vol. 1 No. 1 (2025): April (2025)

Strategic Governance and Financing: Keys to Firm Value in Food and Beverage Companies

Nopitasari Nopitasari (Sekolah Tinggi Ilmu Ekonomi Tri Bhakti, Bekasi, Indonesia)



Article Info

Publish Date
21 May 2025

Abstract

Objective – This study aims to examine the relationship between independent board of commissioners, institutional ownership and capital structure on firm value. Design/methodology/approach – The population in this study is a food and beverage subsector companies listed on the Indonesia Stock Exchange in the period 2013-2022 with a total of 26 companies. The sample selection was carried out using purposive sampling method and obtained a total sample of 13 companies and 130 observations. The analytical technique used to test the hypothesis is multiple regression analysis using IBM SPSS 24 software. Findings –  The results of this study indicate that the variable independent board of commissioners and capital structure have a positive and significant effect on firm value, while the variable institutional ownership has no effect on firm value. Originality/value – In this study the focus is on food and beverage subsector companies with a 10 years period from 2013-2022 which can differentiate it from previous research.

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Journal Info

Abbrev

aasf

Publisher

Subject

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

Description

Journal of Applied Accounting and Sustainable Finance is a peer-reviewed academic journal that publishes high-quality research in the fields of accounting, finance, and sustainability. The journal focuses on the application of accounting and financial principles to support sustainable business ...