Does firm growth moderate the effect of biological assets intensity on firm value?

Abstract

This study aims to find out, analyze and prove empirical results regarding the effect of biological intensity on firm value with company growth as a moderator. The location of this research was conducted at agricultural companies listed on the Indonesia Stock Exchange in 2019-2021. This study uses a quantitative approach. The sample in this study was selected using a purposive sampling technique, obtained as many as 21 companies, and 63 total observations. The analysis technique used is Moderated Regression Analysis (MRA) using Eviews 12 student version software. The results of the study show that the intensity of biological assets can affect firm value. This study also found that company growth can strengthen the positive effect of biological asset intensity on firm value.