Determinants of Fixed Assets Revaluation Decisions
Corresponding Author(s) : Erni Suryandari Fathmaningrum
Prosiding International Conference on Sustainable Innovation (ICoSI),
Vol. 3 No. 2 (2023)
Abstract
The purpose of this study is to examine the effect of size, fixed asset intensity, liquidity, leverage, declining cash flow from operations, and ownership control on fixed asset revaluation decisions in Indonesia, Singapore and Malaysia. The population in this study are manufacturing companies that have been listed on the Indonesia Stock Exchange, Singapore Exchange and Malaysia Stock Exchange in 2019-2020. The sampling technique used purposive sampling. The samples used in this study were 304 manufacturing companies in Indonesia, 121 manufacturing companies in Singapore and 469 manufacturing companies in Malaysia. The data analysis method used in this research is binary logistic regression and anova. The results of research in Indonesia show that the variables size, fixed asset intensity, and leverage have a positive effect on fixed asset revaluation decisions, while the liquidity variables, declining cash flow from operations and ownership control have no effect on fixed asset revaluation decisions. While the results of research in Singapore and Malaysia show that fixed asset intensity and leverage have a positive effect on fixed asset revaluation decisions, while size, liquidity, declining cash flow from operations and ownership control have no effect on fixed asset revaluation decisions. This study also found that there were differences in the average fixed asset revaluation decisions in Indonesia, Singapore and Malaysia
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