Publication:
Dynamic performance of Indonesian public companies: An analysis of financial decision behavior

Simple item page
dc.contributor.authorMuchtar, Den_US
dc.contributor.authorNor, FMen_US
dc.contributor.authorAlbra, Wen_US
dc.contributor.authorArifai, Men_US
dc.contributor.authorAhmar, ASen_US
dc.date.accessioned2024-05-29T03:27:57Z
dc.date.available2024-05-29T03:27:57Z
dc.date.issued2018
dc.description.abstractThe purpose of this research is to investigate the effects of financial decision behavior on firm performance of Indonesian public companies using panel data. The dynamic generalized method of moment is utilized in this study. The results show that firm performance is dynamic in nature, which indicates that last year performance affects current performance significantly. Empirical result of financial decision behavior shows that investment, leverage, and dividend per share (DPS) have significant impact on firm performance. Specifically, investment has negative impact on firm performance. Meanwhile leverage has negative effects on return on assets (ROA), but positively affects Tobin's Q. Moreover, DPS positively affects ROA and Tobin's Q. This finding suggests that investment decision of Indonesian firms is overinvestment, indicated with higher investment affects firm performance negatively. Similarly with leverage, the finding reveals that Indonesian public companies borrowed external fund more than they required (overleverage). The positive effect of DPS on firm performance implies that dividends payout to shareholders create good signal to the market, in which managers uses dividend to deliver private information to the market. However, based on the coefficient of financial decision variables, the impact is more on the market performance and less on the accounting performance.en_US
dc.identifier.doi10.1080/23322039.2018.1488343
dc.identifier.issn2332-2039
dc.identifier.issue1
dc.identifier.scopusWOS:000439608700001
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/12251
dc.identifier.volume6
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherTaylor & Francis Asen_US
dc.relation.ispartofCogent Economics & Financeen_US
dc.sourceWeb Of Science (ISI)
dc.subjectFinancial decisionen_US
dc.subjectdynamic performanceen_US
dc.subjectGMM-differenceen_US
dc.titleDynamic performance of Indonesian public companies: An analysis of financial decision behavioren_US
dc.typeArticleen_US
dspace.entity.typePublication

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Dynamic performance of Indonesian public companies An analysis of financial decision behavior.pdf
Size:
1.14 MB
Format:
Adobe Portable Document Format
Download

Collections

Web of Science_WoS