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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Veröffentlicht in:SHS web of conferences 2024, Vol.201, p.2003
Hauptverfasser: Presccilia, Angel, Widiastuti, Harjanti
Format: Artikel
Sprache:eng
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Zusammenfassung: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.
ISSN:2261-2424
2261-2424
DOI:10.1051/shsconf/202420102003