The Role of Forward-Looking Disclosure in the Relationship of R&D Expenditure and Firm Value: Testing Agency and Signaling Theories
This study aims to examine the effect of Research and Development (R&D) expenditure on firm value with forward-looking disclosure as a moderating variable. This study used a sample of 124 manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2019 2022. Data analysis used panel...
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| Format: | Article |
| Language: | English |
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EDP Sciences
2024-01-01
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| Series: | SHS Web of Conferences |
| Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2024/21/shsconf_icdsa2024_02003.pdf |
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| _version_ | 1850176329764306944 |
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| author | Presccilia Angel Widiastuti Harjanti |
| author_facet | Presccilia Angel Widiastuti Harjanti |
| author_sort | Presccilia Angel |
| collection | DOAJ |
| description | This study aims to examine the effect of Research and Development (R&D) expenditure on firm value with forward-looking disclosure as a moderating variable. This study used a sample of 124 manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2019 2022. Data analysis used panel data regression. The results showed that R&D expenditure has a positive effect on firm value. However, this study found that forward-looking disclosure does not moderate the relationship between R&D expenditure and firm value. |
| format | Article |
| id | doaj-art-bc176ec72c5347c9ab10686292b57ee3 |
| institution | OA Journals |
| issn | 2261-2424 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | SHS Web of Conferences |
| spelling | doaj-art-bc176ec72c5347c9ab10686292b57ee32025-08-20T02:19:16ZengEDP SciencesSHS Web of Conferences2261-24242024-01-012010200310.1051/shsconf/202420102003shsconf_icdsa2024_02003The Role of Forward-Looking Disclosure in the Relationship of R&D Expenditure and Firm Value: Testing Agency and Signaling TheoriesPresccilia Angel0Widiastuti Harjanti1Accounting Department, Faculty Economic and Business, Universitas MuhammadiyahAccounting Department, Faculty Economic and Business, Universitas MuhammadiyahThis study aims to examine the effect of Research and Development (R&D) expenditure on firm value with forward-looking disclosure as a moderating variable. This study used a sample of 124 manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2019 2022. Data analysis used panel data regression. The results showed that R&D expenditure has a positive effect on firm value. However, this study found that forward-looking disclosure does not moderate the relationship between R&D expenditure and firm value.https://www.shs-conferences.org/articles/shsconf/pdf/2024/21/shsconf_icdsa2024_02003.pdf |
| spellingShingle | Presccilia Angel Widiastuti Harjanti The Role of Forward-Looking Disclosure in the Relationship of R&D Expenditure and Firm Value: Testing Agency and Signaling Theories SHS Web of Conferences |
| title | The Role of Forward-Looking Disclosure in the Relationship of R&D Expenditure and Firm Value: Testing Agency and Signaling Theories |
| title_full | The Role of Forward-Looking Disclosure in the Relationship of R&D Expenditure and Firm Value: Testing Agency and Signaling Theories |
| title_fullStr | The Role of Forward-Looking Disclosure in the Relationship of R&D Expenditure and Firm Value: Testing Agency and Signaling Theories |
| title_full_unstemmed | The Role of Forward-Looking Disclosure in the Relationship of R&D Expenditure and Firm Value: Testing Agency and Signaling Theories |
| title_short | The Role of Forward-Looking Disclosure in the Relationship of R&D Expenditure and Firm Value: Testing Agency and Signaling Theories |
| title_sort | role of forward looking disclosure in the relationship of r d expenditure and firm value testing agency and signaling theories |
| url | https://www.shs-conferences.org/articles/shsconf/pdf/2024/21/shsconf_icdsa2024_02003.pdf |
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