IDEAS home Printed from https://ideas.repec.org/a/uii/jcauii/v3y2021i3p162-168id23052.html
   My bibliography  Save this article

The effects of environmental performance, financial leverage, and institutional ownership on firm value: a study on manufacturing firms in Indonesia

Author

Listed:
  • Martha Arfazil
  • Mulia Saputra
  • Indayani

Abstract

This study aims to examine the relationships between environmental performance, financial leverage, as well as institutional ownership and firm value. In this study, firm value is measured with Tobin's Q ratio. The sample used in this study was 20 manufacturing firms listed at the Indonesia Stock Exchange with the observation period between 2016-2019; so, the total observations made were 80. Multiple regression analysis using SPSS application was carried out to scrutinize the data. The results of this study indicate that all independent variables tested, namely environmental performance, financial leverage, and institutional ownership, have positive influences on firm value. These results provide a good signal for the investors to continuously invest in manufacturing firms. In addition, good environmental performance has an impact on firms’ positive image.

Suggested Citation

  • Martha Arfazil & Mulia Saputra & Indayani, 2021. "The effects of environmental performance, financial leverage, and institutional ownership on firm value: a study on manufacturing firms in Indonesia," Journal of Contemporary Accounting, Master in Accounting Program, Faculty of Business & Economics, Universitas Islam Indonesia, Yogyakarta, Indonesia, vol. 3(3), pages 162-168.
    • Handle: RePEc:uii:jcauii:v:3:y:2021:i:3:p:162-168:id:23052
    as

    Download full text from publisher

    File URL: https://journal.uii.ac.id/JCA/article/view/23052/13655
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uii:jcauii:v:3:y:2021:i:3:p:162-168:id:23052. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ana Yuliani (email available below). General contact details of provider: https://journal.uii.ac.id/JCA/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.