| Issue |
SHS Web Conf.
Volume 201, 2024
1st International Conference on Digital Technologies and Sustainability Accounting (ICDSA 2024)
|
|
|---|---|---|
| Article Number | 02003 | |
| Number of page(s) | 8 | |
| Section | Accounting and Finance for Renewable Energy Sources | |
| DOI | https://doi.org/10.1051/shsconf/202420102003 | |
| Published online | 08 November 2024 | |
The Role of Forward-Looking Disclosure in the Relationship of R&D Expenditure and Firm Value: Testing Agency and Signaling Theories
Accounting Department, Faculty Economic and Business, Universitas Muhammadiyah Yogyakarta, Indonesia
* Corresponding author: widyas@umy.ac.id
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.
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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