The firm’s value empirical models in automotive and components subsectors enterprises: Evidence from developing economy
Open Access
- 23 February 2021
- journal article
- Published by Virtus Interpress in Journal of Governance and Regulation
- Vol. 10 (1), 83-95
- https://doi.org/10.22495/jgrv10i1art9
Abstract
Individuals and organizations cannot avoid the era of the Fourth Industrial Revolution (Industry 4.0) in any part of the world by utilizing the latest technological bases. These transformations will change the way humans live and interact in the future. Enterprise decisions are taken and become the most important from the firm’s value empirical models. This study aims to establish the implications of an empirical model of a firm’s value through some determinant factors, i.e., financial ratios with profitability and leverage, intellectual capital with human capital employment, the dividend policy, and audit quality with Big 4 category proxy. The research uses a causal-comparative type with a quantitative approach. Eleven final samples of automotive and components subsectors enterprises of the listed shares in Indonesian Stock Exchange (IDX) were appointed, from 2013 till 2019 by purposive sampling technique. Multiple regression was applied to analyze data on the proposed equation models. The findings state that the profitability and audit quality has positive significance, but leverage, intellectual capital, and dividend policy insignificant implications for predicting the firm’s value empirical model.Keywords
This publication has 40 references indexed in Scilit:
- Dividend policy and investor pressureEconomic Modelling, 2019
- The determinants of dividend policy in Euronext 100Corporate Ownership and Control, 2018
- Impact of Payout Policy on Market ValueInternational Review of Business Research Papers, 2018
- The role of audit quality in firm valuationInternational Journal of Law and Management, 2016
- Financial Hegemony, Diversification Strategies and the Firm Value of Top 30 FTSE Companies in MalaysiaAsian Social Science, 2016
- Understanding Audit Quality: Insights from Audit Professionals and InvestorsContemporary Accounting Research, 2015
- From Factory to End-UserPublished by Wiley ,2015
- Audit Quality and Cost of Debt Capital for Private Firms: Evidence from FinlandInternational Journal of Auditing, 2011
- Reilly, Mary Margaret, (born 22 May 1953), Partner, Deloitte (formerly Deloitte & Touche) LLP, 1987–2013Published by Oxford University Press (OUP) ,2007
- Auditor size and audit qualityJournal of Accounting and Economics, 1981