https://www.amrsjournals.com/index.php/jamrems/issue/feed 2026-03-04T13:56:44+07:00 Asian Multicultural Research Studies editor@amrsjournals.com Open Journal Systems <p><strong>Journal of Asian Multicultural Research for Economy and Management Study (JAMREMS) </strong>ISSN: <a href="https://portal.issn.org/resource/ISSN/2708-9711">2708-9711</a> is an international platform for scholars to publish research report, article review, and short communication. <strong>JAMREMS </strong>covers all research area of Economy and Management studies including Financial Management, Accounting, Administrative System, Brand Innovation and Brand Management, Management, Business Economics, Business Administration, Energy Management, Environmental Management, Public Sector Management, Facilities Planning and Management, Marketing Management, Finance, Foodservice Management, Global Manufacturing and Management, Human Resource Management, Industrial Engineering, Information Technology Management, Knowledge Management, Management Information System, Management Psychology, Management of Enterprises, Management Practices, Management Strategy, Management Theory, Manufacturing Systems Engineering, Marketing, Operations Research, Organizational Behaviour, Port Management, Production Management, Project and Quality, Research Methods, Logistics and Supply Chain Management, Risk Management and Insurance, Scientific Management, Security and Risk Management, Hospitality Management, Sport Management, Strategic Management, Strategic Management, Technology and Knowledge Management.</p> https://www.amrsjournals.com/index.php/jamrems/article/view/704 2026-03-04T13:56:44+07:00 Tedy Ramadhan tedyramadhan@yahoo.com Edy Suryadi edysuryadi909@gmail.com

<p>Rapid economic growth and technological advancement have intensified competition among manufacturing firms, requiring effective financial strategies to enhance firm value. Tax planning, deferred tax expense, and corporate governance are considered strategic factors influencing company value, particularly in publicly listed manufacturing firms. This study employed a quantitative associative approach using secondary data from audited financial statements of manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2022–2024. The final sample consisted of 43 firms selected through purposive sampling. The data were analyzed using multiple linear regression. Classical assumption tests included normality (Kolmogorov–Smirnov), linearity, multicollinearity, autocorrelation (Run Test), and heteroscedasticity (Glejser Test). The coefficient of determination (R²), F-test, and t-test were applied to evaluate simultaneous and partial effects. The regression results show that tax planning, deferred tax expense, and corporate governance simultaneously have a significant effect on firm value (F = 18.404; p = 0.001). The correlation coefficient (R = 0.685) indicates a strong relationship, while the coefficient of determination (R² = 0.483) shows that 48.3% of firm value variation is explained by the independent variables. However, partially, none of the variables significantly affect firm value (p &gt; 0.05), suggesting that their influence is stronger collectively than individually. The findings indicate that financial and governance mechanisms jointly influence firm value, although their individual contributions are not statistically significant.</p>

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