Impact of Hedge on the Firm Value of Consumer Cyclicals Companies Listed in the Indonesian Stock Exchange
Journal Title: International Journal of Social Science And Human Research - Year 2023, Vol 6, Issue 10
Abstract
One indicator that shows how effective and efficient a company is in achieving its goals is its financial performance. Maintaining and improving financial performance is mandatory for a company to continue to exist and attract investors. This financial information functions as a means of information, a tool for management accountability to business owners, a representation of company success indicators, and consideration for decision making. Tobin's Q is an indicator that can be used to measure a company's financial performance from an investment perspective. The aim of this research is to find out the conditions and determinant factors in analyzing financial performance in consumer cyclical companies for the 2015-2022 period. The research method uses dynamic panel data regression with the Arellano-Bond Generalized Method of Moment (GMM) approach on 24 consumer cyclical sector companies from 2015 to 2022 listed on the BEI. The research results show that partially the company value in the previous period (Tobin’s Q(-1)) has a significant positive effect and can be backward looking towards achieving high and sustainable company value (Tobin’s Q) in the next period. Profitability (ROA) has a significant positive effect on company value (Tobin’s Q). This shows the company's prospects for sustainability in the future.
Authors and Affiliations
Basyir Ahmad, Hermanto Siregar, Roy Sembel, Tony Irawan
Keywords
Related Articles
- EP ID EP722832
- DOI 10.47191/ijsshr/v6-i10-81
- Views 64
- Downloads 0
Analysis of the Need for the Development of HOTS (Capital) Assessment Instruments Based on Geographical Literacy of Indonesian Maritime and Agricultural Materials in Social Sciences Courses
This study aims to: Assess the need for instruments for Higher Order Thinking Skill (HOTS) questions based on geographic literacy in the social studies subject on Indonesia's maritime and agricultural potential; Material...
Improving the Function of Goods User Administration Officials in Managing Local Assets at the Transportation Department of Gorontalo Province
This study aims to determine the role of the Goods User Administration Officer in the Administration of Regional Property at the Gorontalo Provincial Transportation Office. The method used in this research is a qualitati...
The Influence of Product Quality and Risk on Purchasing Decisions about Madura Herbal Medicine (Study at UD Jamu Ummi Kulsum Sumenep)
This study aims to observe and analyze the relationship between product quality variables and risks on the decision making of Madura herbal medicine at UD Jamu Ummi Kulsum Sumenep. This study uses a quantitative descript...
The Existence of Bangsawan Theatre in Palembang Viewed From the Demographic Aspect
Teater Bangsawan has a long history and is an important part of Palembang's cultural heritage. Its existence reflects the continuity of culture and traditions passed down from generation to generation and becomes a symbo...
Improving the Competency of Early Childhood Education Students in Vietnam in the Post-COVID-19 Era
Improving the quality of Early Childhood Education students training in the current situation of human resources both redundant and lacking is necessary. The article aims to study the required competency framework of Ear...