Investment Strategies: Financial Metrics, Governance, and Inflation in IDX Consumer Goods Firms

Christina Juliana; Natasya Kristian; Thio Anastasia Petronila

doi:10.24912/je.v31i1.3787

Authors

Christina Juliana Master's Program in Accounting, Faculty of Economics and Business, Atma Jaya Catholic University of Indonesia
Natasya Kristian Master's Program in Accounting, Faculty of Economics and Business, Atma Jaya Catholic University of Indonesia
Thio Anastasia Petronila Undergraduate Accounting Program, Faculty of Economics and Business, Atma Jaya Catholic University of Indonesia

DOI:

https://doi.org/10.24912/je.v31i1.3787

Keywords: Investment Decisions; Financial Metrics; Corporate Governance; SEM-PLS; Inflation.

Abstract

This study examines how financial factors, corporate governance (GCG), and inflation affect managerial investment decisions in IDX-listed consumer goods companies. Financial variables include the Tax-to-Book Ratio and Net Profit Margin, while corporate governance factors comprise Independent Commissioners and the frequency of Board of Directors meetings with the Audit Committee. The study analyzes 39 companies (156 sample units) from 2020 to 2023 using the Structural Equation Modeling (SEM) method with Partial Least Squares (PLS). Findings reveal that financial and corporate governance variables significantly influence investment decisions, whereas inflation has no significant impact.

Author Biographies

Natasya Kristian, Master's Program in Accounting, Faculty of Economics and Business, Atma Jaya Catholic University of Indonesia

natasyakristian28@gmail.com

Thio Anastasia Petronila , Undergraduate Accounting Program, Faculty of Economics and Business, Atma Jaya Catholic University of Indonesia

thio.anastasia@atmajaya.ac.id

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