Salim, Elvinna and Marciano, Deddy and Herlambang, Arif (2019) Capital Investment, Internasionalisasi, dan Firm Performance : Studi Empiris pada Perusahaan Manufaktur yang Tercatat di Bursa Efek Indonesia Periode 2011-2015. Calyptra: Jurnal Ilmiah Mahasiswa Universitas Surabaya, 7 (2). pp. 2260-2278. ISSN 2715-6419
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Abstract
The objective of this study is to examine the effect of capital investment to internationalization and f oreign sales growth and al so the effect of internationalization to firm performance in manufacturing company that listed in the I ndonesia Stock Exchange 2011-2015 period. The dependent variables in this study are internationalization, foreign sales growth, and ROA . Independent variables used are capital investmentandinternationalization, as well as control variables used are industry return, leverage, firm size, fixed assets ratio, market to book value, andsales growth. This study uses 2 regression analysis model, which is linear and quadratic model to test the hypothesis with a sample of 83 industrial manufacturing companies in Indonesia Stock Exchange 2011-2015 period. The numbers of observation used in this study are 415 observations. The result shows that capital investment has a s ignificant negative effect and U-shaped on internationalization of the company, capital investment has a significant positive effect on foreign sales growth of the company. Internationalization has no significant effect on firm performance.
Item Type: | Article |
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Uncontrolled Keywords: | capital investment, internationalization, foreign sales growth, firm performance |
Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
Divisions: | Faculty of Business and Economic > Department of Management |
Depositing User: | Ester Sri W. 196039 |
Date Deposited: | 26 Sep 2024 08:26 |
Last Modified: | 26 Sep 2024 08:26 |
URI: | http://repository.ubaya.ac.id/id/eprint/47163 |
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