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GENESIS SEMBIRING DEPARI
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genesissembiring@gmail.com
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INDONESIA
Indonesian Journal of Entrepreneurship & Startups
ISSN : -     EISSN : 29856809     DOI : https://doi.org/10.55927/ijes.v1i2
Core Subject : Economy, Science,
Indonesian Journal of Entrepreneurship & Startups is a journal focused as a platform to exchange cutting-edge ideas and technologies from researchers, academics, practitioners, policy makers, and employers in order to cultivate the seed of entrepreneurship and Startup launch. Indonesian Journal of Entrepreneurship & Startup focuses on the field of Entrepreneurship practices and education and Startup models, with extensive sub-fields such as innovative education, technical and vocational education, and another related fields.
Articles 41 Documents
A Digital Transformation, R&D Expenditure, and Business Model Innovation: Drivers of Firm Value in the Digital Economy Era Buleng, A. Achmad Danial Latief; Warkula, Yohanes Zefnath; Busman
Indonesian Journal of Entrepreneurship and Startups Vol. 4 No. 1 (2026): January 2026
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijes.v4i1.16269

Abstract

This study examines the effect of Digital Transformation, R&D Expenditure, and Business Model Innovation on Firm Value among technology companies listed on the Indonesia Stock Exchange for the 2023–2025 period. A quantitative approach with multiple linear regression was employed. Using purposive sampling, 34 companies were selected, yielding 102 observations. Firm value was measured using Tobin's Q. Results indicate that Digital Transformation and Business Model Innovation positively and significantly affect firm value, while R&D Expenditure exerts a significant negative effect. Simultaneously, all variables significantly influence firm value with a model predictive capacity of 77.4%. These findings confirm the Resource-Based View that digital capabilities and business model innovation constitute primary strategic resources driving value creation in technology firms