Determinants of Firm Value: Commodity Prices, Exchange Rates, Inflation, and Business Risk as Intervening Variable

Abstract

Purpose – The objective of this study is to examine The Determinants of Firm Value: Commodity Prices, Exchange Rates, Inflation, and Business Risk as Intervening Variable. The population in this study consists of the mining sector and plantation sub-sector companies listed on the Indonesia Stock Exchange from 2017 to 2022. Methodology/approach – The sampling technique used is purposive sampling, resulting in a total of 31 research samples used in this study. The data analysis techniques employed in this research are panel data regression and the Sobel test. Findings – The analysis results indicate that Commodity Prices and Exchange Rate have a significant negative effect on Firm Value; Inflation does not affect Company Value and Business Risk has a significant positive effect on Firm Value; Commodity Prices and Exchange Rate have a significant positive effect on Business Risk; and Inflation does not effect on Business Risk; Business Risk can mediate the effect of Commodity Prices and Exchange Rate on Firm Value; and Business Risk is not able to mediate the effect of Inflation on Firm Value.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 11 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.