Authors :
Dita Mawar Indrasti; Elizabeth Lucky Maretha Sitinjak
Volume/Issue :
Volume 8 - 2023, Issue 3 - March
Google Scholar :
https://bit.ly/3TmGbDi
Scribd :
https://bit.ly/3MbAmqW
DOI :
https://doi.org/10.5281/zenodo.7793070
Abstract :
Every establishment of a corporate has clear
objectives, one of which is to maximize the wealth or value
of the corporate because in the concept of the theory of the
firm the higher the value of the corporate describes the
higher the wealth of the owner. Signaling theory has the
concept that the existence of information released by the
corporate on all decisions will show the market how
management views prospects. This research aims to
determine the relationship between research and
development (R&D) costs on the corporate's market value
with profit growth as an intervening variable. The
research was carried out by quantitative methods at
manufacturing companies listed on the IDX in the 2015-
2019 observation year. The results of this research are
research and development (R&D) costs have a positive and
significant effect on the corporate's market value, research
and development costs have a positive and significant
effect on profit growth, profit growth has a positive and
significant effect on the corporate's market value, research
and development costs have a positive and significant
effect on the corporate's market value through profit
growth as an intervening variable.
Keywords :
Research and Development, Profit Growth, and Corporate Market Value
Every establishment of a corporate has clear
objectives, one of which is to maximize the wealth or value
of the corporate because in the concept of the theory of the
firm the higher the value of the corporate describes the
higher the wealth of the owner. Signaling theory has the
concept that the existence of information released by the
corporate on all decisions will show the market how
management views prospects. This research aims to
determine the relationship between research and
development (R&D) costs on the corporate's market value
with profit growth as an intervening variable. The
research was carried out by quantitative methods at
manufacturing companies listed on the IDX in the 2015-
2019 observation year. The results of this research are
research and development (R&D) costs have a positive and
significant effect on the corporate's market value, research
and development costs have a positive and significant
effect on profit growth, profit growth has a positive and
significant effect on the corporate's market value, research
and development costs have a positive and significant
effect on the corporate's market value through profit
growth as an intervening variable.
Keywords :
Research and Development, Profit Growth, and Corporate Market Value
