Budiasih, Yanti and Indrayono, Yohanes and Sasongko, Hendro (2024) Determinan Firm Sustainable Growth Rate dan Firm Nominal Value (Studi Empirik Menggunakan Pendekatan Regresi Data Panel, DEA dan ISM terhadap Perusahaan dalam Program Making Indonesia 4.0 dan Super Smart Society 5.0). disertasi thesis, Univ. Pakuan.
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Abstract
This research aims to analyze the determinants of the firm sustainable growth rate and firm nominal value. Cash holding, capital gearing, asset turnover, current ratio, economic value added (EVA), and intellectual capital are expected to be determinants of the firm sustainable growth rate and firm nominal value, with moderating variables such as firm sustainable growth rate and financial distress risk for determining the firm nominal value. The sample selection method used purposive sampling, with a total of 26 companies observed over seven years, resulting in a total of 182 observation data. Regression results indicate that for the period 2015-2021, cash holding, asset turnover, EVA, and intellectual capital significantly influence the firm sustainable growth rate. Cash holding and asset turnover also affect the firm nominal value. During the COVID-19 pandemic, regression results show that cash holding, capital gearing, asset turnover, and intellectual capital significantly influence the firm sustainable growth rate, while capital gearing, asset turnover, and EVA affect the firm nominal value. The Data Envelopment Analysis (DEA) approach generally suggests that after the announcement of the COVID-19 pandemic by WHO in 2020, companies in the consumer goods industry experienced a relative decrease in efficiency. The Interpretive Structural Modeling (ISM) approach indicates that cash holding, capital gearing, and intellectual capital are linkage variables for determining the firm sustainable growth rate, while cash holding serves as a linkage variable for determining the firm nominal value. Before the COVID-19 pandemic, cash holding, capital gearing, asset turnover, and intellectual capital are linkage variables for determining the firm sustainable growth rate, and capital gearing, asset turnover, and EVA are linkage variables for determining the firm nominal value. After the COVID-19 pandemic, EVA and intellectual capital serve as linkage variables for determining the firm sustainable growth rate, while cash holding, capital gearing, and intellectual capital are linkage variables for determining the firm nominal value
| Item Type: | Thesis (disertasi) |
|---|---|
| Subjects: | Pascasarjana > ILMU MANAJEMEN s3 |
| Divisions: | Pascasarjana > Ilmu Manajemen (S3) |
| Depositing User: | PERPUSTAKAAN PASCASARJANA UNPAK |
| Date Deposited: | 21 Oct 2024 02:35 |
| Last Modified: | 21 Oct 2024 02:35 |
| URI: | http://eprints.unpak.ac.id/id/eprint/8530 |
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