Impacts of Capital Structure, Liquidity, and Earnings Quality on Firm Value of Indonesia Non-Cyclicals Industry

  • Ester Tri Utami Undergraduate Student, Department of Accounting, Universitas Pembangunan Jaya
  • Muhammad Daffa Al Ghazy Undergraduate Student, Department of Accounting, Universitas Pembangunan Jaya
  • Albert Luhut Hamonangan Pasi Undergraduate Student, Department of Accounting, Universitas Pembangunan Jaya
DOI: https://doi.org/10.63922/ijebir.v2i03.308
Keywords: capital structure, liquidity, earnings quality, firm value, non-cyclical

Abstract

Firm value plays an important factor to determine company performance. This paper aims to analyse the impacts of capital structure, liquidity, and earnings quality on firm value of Indonesia non-Cyclical Industry. The research is conducted by using purposive sampling analysis from IDX NON-CYCLICAL firms with secondary data collected from Indonesia Stock Exchange. Multiple regression analysis with SPSS shows that capital structure and earnings quality have no significant impact on firms' value, whereas liquidity shows positive and significant influence. Besides extent the prior literatures, this research help investors to understand how non-Cyclical companies performed during 2017- 2021 where firm's financial policies and performance might be affected by Covid-19. Companies' management is also expected to pay more attention to stabilize and maximize the performance factors of firms' value.

Published
2023-05-05
How to Cite
Ester Tri Utami, Muhammad Daffa Al Ghazy, & Albert Luhut Hamonangan Pasi. (2023). Impacts of Capital Structure, Liquidity, and Earnings Quality on Firm Value of Indonesia Non-Cyclicals Industry. International Journal of Economics, Business and Innovation Research, 2(03), 306-320. https://doi.org/10.63922/ijebir.v2i03.308
Issue
Vol. 2 No. 03 (2023): April - May, International Journal of Economics, Business and Innovation Research
Section
Articles