THE INFLUENCE OF FUNDING AND RESEARCH AND DEVELOPMENT DECISIONS ON THE VALUE OF COMPANIES WITH PROFIT GROWTH AS MODERATION
DOI:
https://doi.org/10.61990/ijamesc.v3i1.384Keywords:
Profit Growth, Funding Decisions, Research and Development, Company ValueAbstract
This study aims to obtain empirical evidence of the influence of Funding Decisions and Research and Development on Company Value with Profit Growth as a moderation. This type of research is quantitative associative. The population in this study is primary consumer goods sector companies listed on the Indonesia Stock Exchange in 2019-2023. The determination of samples by purposive sampling technique was obtained from 78 companies with 390 observation data. The analysis technique and hypothesis testing were carried out by panel data regression analysis through eviews ver-12. Based on the t-test, it is known that the variables of funding decisions affect the value of the company and research and development do not affect the value of the company. Meanwhile, profit growth can moderate the influence of funding decision variables on company value and profit growth cannot moderate the influence of research and development on company value.
Downloads
References
Ashari, M. (2014). Analysis of the Influence of Investment Decisions, Funding Decisions, Dividend Policy, Inflation Rate and SBI Interest Rate on Company Value. Thesis, Faculty of Economics and Business, University of Muhammadiyah Surakarta.
Khoyriah, N. W., & Idayati, F. (2018). The influence of research and development intensity and financial policy on the value of manufacturing companies. Journal of Accounting Science and Research.
Kurniawan, A. P., & Mertha, I. M. (2016). Financial performance as a mediator influences the intensity of research and development and intangible assets on the company's value. E-Journal of Accounting, Udayana University, 14(1), 723-750.
Kusmawati. (2020). The Effect of R&D Costs and Advertising Costs on Profit Performance. Journal of Finance and Business, 18(1), 179–189. https://journal.ukmc.ac.id/index.php/jkb/article/view/52
Mahendra, A. R. (2022). Increasing Company Value Based on Investment Opportunity Set and Corporate Governance (Master's thesis, Sultan Agung Islamic University (Indonesia).
Mardiana, S., Economics, F., Pamulang, U., Profit, P., Profit, P., Profit, P., & Profit, P. (2018). JOURNAL. 1(2), 137–155.
Mesrawati, M., Clairine, C., Benua, K. M., & Jonaltan, A. (2021). The Influence of Investment Decisions, Funding Decisions, and Dividend Policies on the Value of Consumer Companies Listed on the Indonesia Stock Exchange for the 2016-2018 Period. Warta Dharmawangsa, 15(1), 157-165.
Prihasantyo Siswo Nugroho, Panca Wahyuningsih, S. A. (2019). Journal of Accounting and Tax. Accounting and Tax, 2018, 1–7. https://jurnal.stie-aas.ac.id/index.php/jap
Rahmansyah, M., Kusnadi, E., & Harisandi, Y. (2022). E-ISSN : 2964-898X P-ISSN : 2964-8750 Entrepreneur Student Journal (JME) FEB UNARS. 1(6), 1234–1248.
Rara Sukma Palupi, S. H. (2018). Debt Policy, Profitability and Dividend Policy. Ecodemica.
Safitri, S. D. A., Reza, M. K., & Nurmalasari. (2023). The Effect of Profit Growth, Investment Decisions, Funding Decisions, and Company Size on Company Value. Integra Economic Journal, 13(1), 33–42. http://journal.stieip.ac.id/index.php/iga
Sudarmanto, E., Putri, R. L., & Putri, I. N. (2023). The influence of funding decisions, leverage, and growth opportunities on the value of companies with profitability as a moderation variable. Scientific Journal of Accounting Rifle, 9(2), 13-28.
Suripto, S. (2019). The Effect of Tax Rates, Earning Per Share and Sales Growth on Stock Prices (Empirical Study of Manufacturing Companies Listed in .... Renaissance Journal, 4 (01), 479 – 494. https://www.academia.edu/download/59224030/Suripto_Pengaruh_Tarif_Pajak20190512-80877-w52a4q.pdf
Suripto, S. (2020). Corporate transparency moderates the influence of tax avoidance and leverage on the value of manufacturing companies on the Indonesia Stock Exchange. Revenue Journal: Scientific Journal of Accounting, 1(1), 101–111. https://doi.org/10.46306/rev.v1i1.10
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Yusuf Hendrawan, Endang Ruhiyat, Suripto
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
