INFLUENCE OF BIG DATA TECHNOLOGY, ASSET STRUCTURE AND DIVIDEND POLICY ON COMPANY VALUE
Abstract
The role of the Indonesia Stock Exchange is as an investment vehicle, also as a means for companies to raise additional capital, especially for companies going public. If the shares being traded have a high prospective price, shareholders are willing to invest their capital. A company's share price is a good indicator of its high company value; the higher the share price, the greater the company value, and vice versa. This study aims to assess the impact of big data technology, asset structure, also dividend policy on firm value. Companies listed on the Indonesia Stock Exchange between 2019-2021 made up the study's population. The total sample analyzed in this study was 59. The sample companies were chosen utilizing purposive sampling analysis technique. Multiple linear analysis techniques are the data analysis method employed. The outcomes of this study show that asset structure as well as dividend policy impacted firm value, and big data technology has no impact on firm value. The implications of this study are theoretically able to support the resource-based view theory, stakeholder theory, also signal theory which are used as the basis for preparing hypotheses, namely the effect of big data technology, asset structure, as well as dividend policy on firm value, and Practically this study can be utilized as additional information, input and consideration for firms.
References
Akbar, F., Fahmi, I., Management, MP, F., D., Kuala, U., & Syiah Kuala, U. (2020). February: 62-81 By Directorate General of Higher Education. Economic Management Student Scientific Journal, 4(1).
Alawiyah, T., Titisari, KH, & Chomsatu, Y. (2022). The Influence of Financial Performance, Dividend Policy, and Managerial Ownership on Company Value. Owner, 6(1), 658–667.
Alfiansa, G., Aisha NP, & Fadel, MA, (2023). "Systematic Literature Review (SLR): Use of Big Data Technology in Business Decisions". Journal of Comprehensive Science 2 (6).
Al-Slehat, ZAF (2019). Impact Of Financial Leverage,Size and Assets Structure on Firm Value: Evidence from Industrial Sector, Jordan. International Business Research, 13(1), 109.
Andriani, R., Jubi, J., Inrawan, A., & Nainggolan, CD (2019). The Influence of Profitability and Corporate Social Responsibility on Company Value at PT Jaya Construction Manggala Pratama, Tbk which is listed on the Indonesia Stock Exchange. Financial: Accounting Journal, 5(1), 58-65.
Angelia, N., & Toni, N. (ND). The Analysis of Factors Affecting Dividend Policy in Food and Beverage Sector Manufacturing Companies Listed on Indonesia Stock Exchange In 2015-2017.
Anisa, N., Hermuningsih, S., & Maulida, A. (2022). The Influence of Company Size, Leverage, Dividend Policy and Profitability on Company Value: Study of Manufacturing Companies in the Food and Beverages Sector. Reslaj: Religion Education Social Laa Roiba Journal, 4, 321.
Anindya, KN, & Muzakir, MFA (2023). InfluenceDividend Policy on Company Value in Manufacturing Companies in Indonesia. Journal of Business Applications, 20(1), 357-366.
Dividends: Investigating the Influence of Stakeholder Theory. Indonesian Accounting and Auditing Journal (Vol. 6, Issue 2).
Hendra Sintyana, IP, & Sri Artini, LG (2018). The influence of profitability, capital structure, company size and dividend policy on company value (Doctoral dissertation, Udayana University).
Hidayati, Siti., Husnan, Hamdani.,& Layly, Sri. (2022). The Influence of Asset Structure and Profitability on Capital Structure in Banking Companies Listed on the Indonesia Stock Exchange 2014-2020. Target: Journal of Management and Business 4(1).
International Data Corporation. (2023) Indonesia Big Data Market Group.
https:///www.idc.com/
Irawan, A., Setiawan, S., & Andini, RD (2022). Influence of Profitability, Leverage,and Dividend Policy on Company Value in LQ45 Companies. JPEKA: Journal of Economic, Management and Financial Education, 6(1), 1– 14.
On the Indonesian Stock Exchange. Equity (Journal of Economics and Finance), 5(2).
Mujiatun, S., & Ferina, D. (2021). Effect of Profitability and Asset Structure on Capital Structure (In Sharia Based Manufacturing Companies in Indonesia Stock Exchange in 2016-2019 Period). Proceedings of the International Seminar on Islamic Studies Medan.
Novandalina, A., & Marnoto, M. (2022). The Influence of Capital Structure, Profitability, Dividend Policy, Liquidity, Company Size, Asset Structure on Company Value Study on Manufacturing Companies 2016-2018. Capital Journal: Economic Policy, Management and Accounting, 4(1), 61-70.
Novela, P., & Yanti, HB (2022). The Influence of Financial Performance, Asset Structure and Company Size on Company Value in Food and Beverages Companies Registered on BEI. Trisakti Economic Journal, 2(2), 1933-1940.
Pangestu, JC (2023). Policy RoleModerating Debt on the Effect of Financial Performance and Dividend Policy on Company Value During the Covid 19 Pandemic in Indonesia. Journal of Accounting Research (JPA), 3(2), 189-202.
–42.
Prasetya Margono, F., & Gantino, R. (2021). Influence Of Firm Size, Leverage, Profitability, And Dividend Policy on Firm Value of Companies in Indonesia Stock Exchange. Copernican Journal of Finance & Accounting, 10(2), 45– 61.
Prasetya, E., & Lastanti, HS (2023). The Influence of Good Corporate Governance and Dividend Policy on Company Value. Trisakti Economic Journal, 3(1), 1805-1814.
Purnomo, R., Faculty, D., University, E., & Soedirman, J. (2013). Resource-Based View and Sustainable Competitive Advantage: A Critical Study of Jay Barney's Thoughts (1991).
Rahadian, Dani. (2017). Application of the Resource-Based View (RBV) Concept in Efforts to Maintain the Company's Competitive Advantage. Journal of Administrative Sciences 14(1), 82-95.
Ramadhani, R., Diantimala, Y., & Arfan, M. (2022). The Effect of Trust and Related Party Transactions on Firm Value. Scientific Journal of Accounting 17(2), 333-344.
Rehman, O.U. (2016). Impact of Capital Structure and Dividend Policy on Firm Value. In An International Peer-Reviewed Journal (Vol. 21).
Tribune Bali. (2023). Development IHSG 5 Year to Behind.https://rhbtradesmart.co.id/article/perkembangan-ihsg-5-tahun-ke-hind/. (accessed, 25 January 2024)
Santosa, PW, Aprilia, O., & Tambunan, ME (2020). The Intervening Effect of The Dividend Policy on Financial Performance and Firm Value in Large Indonesian Firms. International Journal of Financial Research, 11(4), 408– 420.
Setyabudi, T. (2021). The Effect of Institutional Ownership, Leverage, and Profitability on Firm Value with Dividend Policy as an Intervening Variable. Journal Of Business and Management Review, 2(7), 457–469.
Simanungkalit, H., Ramashar, W., & Agustiawan, A. (2022). The Influence of Dividend Policy, Investment Decisions, Capital Structure, Profitability and Company Size on Company Value. Journal of Accounting, Finance and Accounting Information Technology, 728-736.
Sumartono, FAP, Wijayanti, A., & Fajri, RN (2020). Influence of Asset Structure, Size
Downloads
Published
Issue
Section
License
Copyright (c) 2024 INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE © 2023 by Adisam Publisher is licensed under CC BY-SA 4.0
