THE IMPACT OF INTERNATIONALIZATION AND R&D ON FIRM PERFORMANCE
| Main Authors: | Juwana, Elsandra , Marciano, Deddy |
|---|---|
| Other Authors: | Anandya, Dudi, Herlambang, Arif |
| Format: | BookSection PeerReviewed application/pdf |
| Terbitan: |
Department of Management, Faculty of Business & Economics, Universitas Surabaya
, 2016
|
| Subjects: | |
| Online Access: |
http://repository.ubaya.ac.id/30467/5/The%20Impact%20of%20Internationalization_Abstracts.pdf http://repository.ubaya.ac.id/30467/ |
Daftar Isi:
- The aim of this study is to examine the effect of internationalization on firm performance namely operating performance and financial performance. The dependent variables in this study are operating performance, which is divided ROA and ROS, and also financial performance, which is divided stock return and Tobin’s Q. Independent variables used are internationalization and R&D, as well as control variables such as industry return, leverage, fixed assets ratio, market to book value, and firm size. This study uses sample of 10 industrial manufacturing companies in Indonesia Stock Exchange 2010-2015 period. The result shows that internationalization has a significant positive effect on ROA and ROS of the company, but no significant effect on stock return and Tobin’s Q. R&D has no significant effect on ROA, ROS, and stock return, but has a significant positive effect on Tobin’s Q.