The purpose of this study was to determine the extent to which the factors of return on asset (RoA), debt-to-equity ratio (DER) and company size have an influence on company value as proxied by PBV (price to book value). The population in this study was food and beverage sub-sector manufacturing companies listed on the Indonesian Stock Exchange (IDX) in 2014-2018. This study included eight companies with a total of 32 data points, and selection was carried out by applying the purposive sampling method. The return on asset, debt to equity ratio and company size simultaneously affected company value, while the return on asset variable individually had a positive and significant effect on company value and the debt-to-equity ratio variable did not. This means that investors usually preferred a low debt-to-equity ratio because their interests are better protected in the event of a business downturn. The company size variable also did not have a significant effect, which means that company size is not a factor that investors consider in investments. Keywords: signal theory, trade-off theory, return on assets, debt to equity ratio, company size, company value
This study aims to determine the effect of profitability, leverage and firm size on firm value in the agricultural sector listed on the IDX for the 2016-2020 period. This study uses quantitative methods that aim to see the relationship between variables. The sample used in this study are agricultural sector companies listed on the Indonesia Stock Exchange for the 2016-2020 period. The population is 28 companies, the sample is selected using purposive sampling method with predetermined criteria so that 7 companies can be collected with a total of 42 financial statements. The type of data is secondary data sourced from financial reports and annual reports. The data analysis method used is the Normality Test, Classical Assumption Test, Multiple Linear Regression Test, t-test, f-test and Coefficient of Determination Test (R2). The results of this study indicate that simultaneously profitability, leverage and firm size have an effect on firm value. The conclusion from the results of this study is that partially profitability has a positive effect on firm value, partially leverage has no effect on firm value and partially negative effect on firm size.
This study aims to analyze the effect of profitability, firm size and dividend policy on firm value in the consumer goods industry sector. The sample used in this study is the consumer goods industrial sector companies listed on the Indonesia Stock Exchange for the period 2018-2021. The population in this study were 74 companies. The sample in this study was selected using a purposive sampling method with predetermined criteria so that 20 companies can be collected with a total of 80 financial statements. The type of data is secondary data sourced from financial reports and annual reports. The data analysis method used in this study is the classical assumption test, the coefficient of determination (R2) test, multiple linear regression, and hypothesis testing using multiple linear analysis. The results of this study indicate that simultaneously profitability, firm size and dividend policy affect firm value. Partially, profitability has a positive effect on firm value, partially firm size has no effect on firm value and partially dividend policy has no effect on firm value.
Tujuan dari penelitian ini adalah untuk menguji pengaruh pengaruh mekanisme corporate governance dengan menggunakan indikator variabel kepemilikan institusional, komisaris independen, komite audit dan kepemilikan manajerial dan corporate social responsibility terhadap corporate tax avoidance, studi empitis pada perusahaan industri dasar dan kimia yang terdaftar di Bursa Efek Indonesia pada tahun 2014-2018. Metode penelitian yang digunakan adalah metode penelitian kuantitati. Penentuan sampel pada penelitian ini adalah dengan teknik purposive sampling, sehingga diperoleh sampel penelitian 30 perusahaan dengan total 150 (30x5tahun) observasi yang sesuai dengan karakteristik yang ditentukan. Teknik analisis data yang digunakan dalam penelitian ini adalah analisis regresi linear berganda. yang dilakukan menggunakan bantuan software IBM SPSS 23.0. Hasil peneltian ini adalah kepemilikan institusional, komite audit dan kepemilikan manajerial berpengaruh positif terhadap corporate tax avoidance. Komisaris independen tidak berpengaruh terhadap corporate tax avoidance. Dan corporate social responsibility berpengaruh negatife terhadap corporate tax avoidance.
Financial performance greatly determines the growth and development of a company. If financial performance declines, it can result in the company being in a state of financial distress. Financial distress is an early warning for companies before they are in a position of bankruptcy. The purpose of this study was to examine whether each variable in the Grover model can affect financial distress. The independent variables used in this study are Working capital to Total assets, Earnings before interest and taxes to Total assets, Return on Assets. This type of research is causality research with regression analysis and uses secondary data from the retail sector obtained on the Indonesia Stock Exchange (IDX) for the 2018-2020 period. This study used 25 companies with a total data of 75 as data samples with the sample selection procedure carried out by applying the purposive sampling method. The results of this study indicate that the variables Working capital to Total assets, Earnings before interest and taxes to Total assets, Return on Assets simultaneously affect financial distress. The variables Working capital to Total assets and Earnings before interest and taxes to Total assets have a positive effect on financial distress, while Return on Assets has a negative effect on financial distress.
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