Strategic Financial and Market Factors Influencing Mining Performance in Emerging Economies
Abstract
This study aims to analyze the effect of Company Size, Leverage, Commodity Prices, Sales Growth, Profitability, Liquidity, and R&D Investment on the Future Performance of mining companies listed on the Indonesia Stock Exchange (IDX) for the period 2020–2023. Future Performance is proxied using ROAt1. This study uses a quantitative method with panel data regression analysis. The research sample was determined using purposive sampling, resulting in 26 mining companies with a total of 104 observations during the research period. Panel data regression analysis shows that leverage, profitability, and commodity prices have a significant effect on future performance, while company size, sales growth, liquidity, and R&D investment do not have a significant effect on the future performance of mining companies.
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DOI: http://dx.doi.org/10.18415/ijmmu.v13i3.7377
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