| Issue |
E3S Web of Conf.
Volume 479, 2024
International Seminar of Science and Applied Technology: Natural Resources Management for Environmental Sustainability (ISSAT 2023)
|
|
|---|---|---|
| Article Number | 07025 | |
| Number of page(s) | 5 | |
| Section | Sustainable Development | |
| DOI | https://doi.org/10.1051/e3sconf/202447907025 | |
| Published online | 18 January 2024 | |
The determinants factors of firm value
1 Accounting Department, Politeknik Negeri Bandung, Jalan Gegerkalong Hilir, Bandung 40559, Indonesia
2 Accounting Department, Politeknik Negeri Sambas, Jalan Sejangkung Desa, Sambas 79463, Indonesia
3 Accounting Department, Politeknik Negeri Balikpapan, Jalan Soekarno Hatta, Balikpapan 76129, Indonesia
* Corresponding author: jouzar.farouq@polban.ac.id
This study aims to analyse the determinants factors of firm value. company performance is important to the company’s operational performance which is reflected in firm value. The data were collected from 41 manufacturing sector companies in Indonesia. The manufacturing sector has diverse sectors, a very broad scope, and a larger industrial scale The structural equation model-partial least square (SEM-PLS) analysis was conducted to analyse the relationship between variables and test a series of hypotheses. This study reveals the significant impact solvability and profitability have on asset turnover toward the firm value. This study proves that every stakeholder must maintain its existence by maximizing asset turnover to firm value. Conceptually, this study offers asset turnover as a mediating variable of firm value.
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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