Record Details

Does internationalization moderate the effect of SMEs size, age, and other financial determinants on investment opportunities set? Evidence from Indonesia

JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen

View Archive Info
 
 
Field Value
 
Title Does internationalization moderate the effect of SMEs size, age, and other financial determinants on investment opportunities set? Evidence from Indonesia
 
Creator Soesetio, Yuli
Rudhiningtyas, Dyah Arini
Sudarmiatin, Sudarmiatin
Mukhlis, Imam
 
Subject Internationalization; Gross National Product; Inflation; Investment Opportunity Set; Market to Book Asset Ratio
 
Description Small and medium-sized enterprises (SMEs) are increasingly considering international expansion as one of the sustainable growth strategic options. This study aims to reveal how the effect of internationalization as a moderator of SMEs size, age, and other financial determinants toward investment opportunity set of SMEs that listed on the Indonesia Stock Exchange (IDX) from 2006 to 2020. Market to book asset ratio used as a proxy of investment opportunity set of SMEs. This study is one of the most important in the context of Indonesian SMEs as there were limited previous studies that have explored the internationalization factor. A total of 102 SMEs companies with 156 data observations were studied. A moderation regression analysis was used to test whether the determinants of the investment opportunity set were statistically significant. Surprisingly, the study found that the degree of internationalization has a moderating effect that weakens the relationship between SMEs age and size on investment opportunities set (market value ratio).
 
Publisher University of Islam Malang
 
Contributor
 
Date 2021-08-29
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://riset.unisma.ac.id/index.php/jema/article/view/10393
10.31106/jema.v18i2.10393
 
Source JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen; Vol 18, No 2 (2021): JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen; 164-186
2597-4017
1693-7864
10.31106/jema.v18i2
 
Language eng
 
Relation http://riset.unisma.ac.id/index.php/jema/article/view/10393/164186
 
Rights Copyright (c) 2021 JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen
http://creativecommons.org/licenses/by/4.0