Perspectives on Advanced New Generations of Global and Local Economic Horizons
Vol. 1 No. 2 (2025): July, 2025

An Empirical Analysis of the Impact of Asset Management and Financing Decisions on Corporate Value

Alif Sepriadi (Universitas Islam Negeri Sulthan Thaha Saifuddin Jambi)
Athoriq Aulia Warena (Universitas Putra Indonesia "YPTK")
Aulia Rahma (Universitas Putra Indonesia "YPTK")
Dwi Amelia Putri (Universitas Putra Indonesia "YPTK")
Suci Indah Sari (Universitas Putra Indonesia "YPTK")



Article Info

Publish Date
20 Oct 2025

Abstract

This study analyzes the joint impact of asset management and financing decisions on corporate value, with financial performance as a mediating variable. Using financial data from the Central Statistics Agency (BPS) in 2023, the research focuses on Indonesia’s manufacturing, banking, and infrastructure sectors. Structural equation modeling (SEM) reveals that efficient asset management and balanced financing policies significantly improve firm value, both directly and indirectly through profitability. Sectoral results show that asset management has the strongest effect in manufacturing, while financing choices dominate in banking. These findings provide theoretical evidence of financial performance as a key transmission mechanism and practical insights for managers and regulators to align financial strategies with sector-specific needs. Future studies should extend the analysis with longitudinal data and governance-related variables to capture dynamic changes in corporate value creation.

Copyrights © 2025






Journal Info

Abbrev

panggaleh

Publisher

Subject

Description

The Perspectives on Advanced New Generations of Global and Local Economic Horizons (Panggaleh) is an open-access, peer-reviewed scientific journal published by CV. Get Press Indonesia. The journal is a scientific media that focuses on research and development of economics and accounting. With ...