scholarly journals Firm Value and External Financing Needs

2017 ◽  
Vol 9 (6) ◽  
pp. 69 ◽  
Author(s):  
Aykut Karakaya ◽  
Ayten Turan Kurtaran ◽  
Ahmet Kurtaran
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Firm Value ◽  
Manufacturing Industry ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Dynamic Panel Data ◽  
Growth Potential ◽  
External Financing ◽  
Debt Market

The purpose of this paper is to examine effects on firm value of external financing needs and BIST 100 index to firms listed in the index of Istanbul Stock Exchange manufacturing industry by the panel data analysis methods in the period of 2008-2012. As a result of dynamic panel data analysis, it has be found to increase value of firms by previous term value of firm, being the BIST 100 index, the external financing needs, the financial leverage ratio, firm size and profitability.  It was observed that manufacturing firms in Turkey are firms having growth potential, profitable at low rate, whereas financial risk of them is high.It has been found that firms benefit from shorts term debt market being lower borrowing cost and risk because long term debt market hasn’t developed in Turkey leads to positive relationship between external financing needs and firm value. Additionally, It is determined that value of firms included in the index is higher from without because firms are necessary providing certain conditions to take part in the BIST 100.

scholarly journals ANALYSIS OF FACTORS AFFECTING COMPANY VALUE (Emperical Study Of Mining Companies Listed On The Indonesia Stock Exchange)

2020 ◽  
Vol 8 (2) ◽  
pp. 185-196
Author(s):  
Mega Silvia Febriana ◽  
Dahlia Br Pinem ◽  
Ardhiani Fadila
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Firm Value ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Secondary Data ◽  
Analysis Method ◽  
Significance Level ◽  
Mining Companies ◽  
Data Analysis Method

This research is a quantitative study that examines the factors that affect the value of the company in mining companies listed on the Indonesia Stock Exchange. The dependent variable in this study is firm value. While the independent variables in this study are profitability, leverage, and size. The population in this study are mining companies listed on the Indonesia Stock Exchange in th 2015-2018 period with a total of 47 companies. The sample selection in this study used purposive sampling. The type of data used is secondary data and data analysis method used is panel data analysis method using e-views program 10. The sample used in this study amounted to 18 mining companies listed on the stock exchange. The results of the evaluation panel data analysis using a significance level of 0.05 indicate profitabilits has effect on firm value, while leverage and size have no effectt on firm value.  

scholarly journals Financial Hegemony, Diversification Strategies and the Firm Value of Top 30 FTSE Companies in Malaysia

2016 ◽  
Vol 12 (3) ◽  
pp. 14
Author(s):  
Wan Sallha Yusoff ◽  
Mohd Fairuz Md. Salleh ◽  
Azlina Ahmad ◽  
Norida Basnan
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Firm Value ◽  
Financial Stability ◽  
Panel Data Analysis ◽  
Location Decisions ◽  
Asian Countries ◽  
Diversification Strategies ◽  
The Stability ◽  
Southeast Asian Countries

<p>This study investigates the relationships between financial hegemony groups, global diversification strategies and firm value of the Malaysia’s 30 largest companies listed in FTSE Bursa Malaysia Index Series during 2009 to 2012 period. We chose Malaysia as an ideal setting because the findings contribute to the phenomenon of the diversification–performance relationship in the Southeast Asian countries. We apply hegemony stability theory to explain the importance of financial hegemony groups in deciding international locations for operations. By using panel data analysis, we find that financial hegemony groups are significantly important in international location decisions. Results reveal that the stability of financial hegemony in BRICS and G7 groups enhances the financial value of the Malaysia’s 30 largest companies, whereas the stability of financial hegemony in ASEAN groups is able to enhance the non-financial value of the firms. Overall, this paper suggests that in order to diversify globally, it is necessarily for the manager in the guest country to evaluate and fully understand the host country’s geopolitical situation and its financial stability.</p>

scholarly journals Corporate Governance Codes and Intellectual Capital: Evaluating the Performance Impacts among Government-Linked Companies in Malaysia and Singapore – A Panel Data Analysis

2021 ◽  
Vol 124 ◽  
pp. 08004
Author(s):  
Yen Wen Chang ◽  
Ng Ching Yat David ◽  
Suet Cheng Low ◽  
Peck Ling Tee
Keyword(s):  
Corporate Governance ◽  
Data Analysis ◽  
Panel Data ◽  
Intellectual Capital ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Policy Makers ◽  
Corporate Governance Codes ◽  
The Government ◽  
The Impact

The objective of this study was to examine and compare the effects of corporate governance (CG) and intellectual capital (IC) between Malaysia Government-Linked Companies’ (M-GLCs) and Singapore Government-Linked Companies’ (S-GLCs) firm performance (FP). Panel data analysis was employed to analyse the impact of CG’s variables and IC’s variables on FP. FP was measured by Return on Total Assets (ROA), Tobin’s Q and Earnings Per Share (EPS). Data was gathered from the website of Bursa Malaysia and the Stock Exchange of Singapore from 2005 to 2018. The sample size of this research was 60 GLCs which comprised of 34 M-GLCs and 26 S-GLCs. There were a total 840 firm year observations. Results indicated that CGs of S-GLCs have greater impact on FP when compared to M-GLCs while the findings of the IC of M-GLCs have greater impact on FP compared to S-GLCs. This research was helpful in offering further insights of CG practices and IC efficiency to the Government, Board of Directors, policy makers, shareholders and stakeholders.

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