Firm value determinants: Panel evidence from European listed companies

Background: To manage growth opportunities effectively and to make a significant impact on superior long-term performance, it is necessary analyze firm value diagnose its determinants. Increasing profit, providing prosperity the company's stakeholders, improving company are goals of every business. Purpose: The paper aims build model optimal by assessing performance based financial statement analysis European companies over period 2015-2020. Study design/methodology/approach: indicators such as leverage, profitability, size, liquidity, growth, asset tangibility was thoroughly considered. empirical research founded sample 158 Eastern Western companies, generating 948 observations. Panel regression conducted. Findings/conclusions: obtained results revealed that debt-to-assets ratio, return equity, assets have adverse effect value, whereas size favorable effect. conclusions should serve beneficial tool for strategy reaching targeted market ensuring future viability market. Hence, stakeholders could assess perspective development strengthen importance influence variables value. Limitations/future research: limitations, which also research, aimed at investigation level individual economies or industries. One look factors before after Covid-19 pandemic consider longer time in Other determinants affect be considered, measured some other indicators. Also, non-financial researched.