Antonius, Antonius and Harjanto, Karina (2021) Impact of Selected Factors Towards Shareholder Value Creation. In: International Conference of Economics, Business, and Entrepreneurship ICEBE 2021, 7 October 2021, Lampung, Indonesia.
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Abstract
The purpose of this research was to obtain empirical evidence about the effect of capital structure, Good Corporate Governance, Free Cash Flow, and audit quality towards shareholder value creation. The sample in this research was selected by using purposive sampling. The secondary data were analyzed by using multiple linear regression method. The total amount of sample in this research were 9 companies in trade, service, and investment sector. The results of this research were that capital structure had no negative effect towards shareholder value creation, board size had significant negative effect towards shareholder value creation, commissioner independence and audit quality had no positive effect towards shareholder value creation, and FCF had significant positive effect towards shareholder value creation. The implication of this research was that company needed to maintain an adequate level of free cash flows in order to be able to pay debt, reduce invested capital, and increase EVA.
| Item Type: | Conference or Workshop Item (Paper) |
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| Subjects: | 300 Social Sciences > 330 Economics > 332 Financial Economics (Shares, Investment) |
| Divisions: | Faculty of Business > Accounting |
| Depositing User: | Administrator UMN Library |
| Date Deposited: | 03 Oct 2022 03:14 |
| Last Modified: | 03 Oct 2022 03:14 |
| URI: | https://kc.umn.ac.id/id/eprint/23001 |
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