Tujuan melakukan penelitian ini untuk menguji pengaruh variabel Debt to Equity Ratio (DER) dan variabel Return On Asset (ROA) secara simultan maupun parsial serta menguji variabel Sales Growth (SG) dapat memoderasi hubungan terhadap nilai perusahaan. Desain penelitian kausalitas dengan jenis data kuantitatif atau data sekunder dipilih sebagai model penelitian. Property dan real estate sebagai sektor pengambilan data yang terdapat di Bursa Efek Indonesia periode 2015 - 2019. Pemilihan sampel melalui metode purposive sampling yang memperoleh 20 perusahaan yang memenuhi kriteria sehingga totalnya menjadi 100 data. Kemudian menggunakan metode analisis regresi linier berganda serta uji Moderated Regression Analysis (MRA). Yang didapat dari penelitian ini bahwa DER dan ROA berdampak secara simultan terhadap nilai perusahaan. DER dan ROA berpengaruh positif terhadap nilai perusahaan. Serta Sales Growth tidak sanggup memoderasi hubungan nilai perusahaan terhadap DER dan ROA.
The purpose of this study is to investigate the effects of company size, profitability, liquidity, capital structure, and firm value. The population in this study is listed on the Indonesia Stock Exchange between 2018 and 2021 and consumes beverages in the food subsector. Using a purposive sampling strategy, this research model generated 48 sample data from 12 companies chosen as samples. ROA is used as a proxy for profitability by dividing net income by total assets. The proxy for liquidity is the current ratio, which is the ratio of current assets to current liabilities. The DER proxy, which is the formula for total debt divided by total equity and company size using natural logarithms (total assets), and the PBV, which is the market price per share divided by book value per share, are utilized in the capital structure. Using SPSS (Statistics Product and Service Solution) and assistive technology, multiple linear regression analysis models are utilized for hypothesis testing. Firm value is positively impacted by profitability, liquidity, and firm size, according to the findings of this study, whereas firm value is negatively impacted by capital structure. Keywords: Firm Value, Profitability, Liquidity, Capital Structure, and Company Size
The consumer goods industry is one of the sectors that can increase the country's economic growth and can survive in any conditions so that it has the best performance opportunity than other sectors. the goods industry is able to contribute to the country by 58% even the consumption sector index has only decreased by 5.5% since the last 10 years. This study was conducted to determine the effect of financial performance in the form of profitability, leverage, liquidity and dividend policy on firm value, the theory used is signal theory. The population uses the consumer goods industrial sector for the period 2017-2021 as many as 76 companies and a sample that can be opened is 14 companies using purposive sampling technique. Analysis in this study using SPSS software, data analysis used descriptive statistics, classical assumption tests include normality test, multicollinearity test, heteroscedasticity test, and autocorrelation test. For the hypothesis use, t test, and the coefficient of determination (R2) using multiple linear regression analysis. The results of this study indicate that profitability and dividend policy have a significant positive effect on firm value, while leverage and liquidity have no significant effect on firm value.
The food and beverage industry is the most choice for investors in making investments because this sector provides basic daily needs and offers profitable prospects It has an impact on the value of the company by promising profits for investors. The increase in the amount of investment value until the end of 2020 was obtained by data that there was an increase in investors of Rp.36.6 trillion or 8.3% of the total which reached Rp. 442.76 trillion (www.katadata.co.id). With an increase in investment in a company, it can give a good impression for potential investors in interpromising the value of the company in the form of a stock price in the capital market. The increasing share price indicates a better company value, and management will increase the value of the company. This study was conducted to determine the effect of profitability, solvency and investment opportunity sets on company value with dividend policy as a moderation variable as a gap theory from previous research which is still rarely studied. The population using the Food and Beverage sub-sector companies for the 2017-2021 period amounted to 38 companies and the sample obtained was 8 companies using purposive sampling techniques. The analysis in this study used software eviews9, descriptive statistics, while hypothesis testing used multiple linear regression of panel data. The results of this study show that Profitability has a positive effect on the value of the company, while solvency and the Investment Opportunity Set have a negative effect on the value of the company. Meanwhile, profitability and the Investment Opportunity Set moderated by the dividend policy have a positive effect on the value of the company. Moderated solvency of the dividend policy negatively affects the value of the company.
The purpose of this study was to determine whether operating capacity, sales growth and firm size affect the occurrence of financial distress conditions. The object of the research was the textile sector companies listed on the Indonesia Stock Exchange in 2016 – 2021. The sampling technique used purposive sampling with a sample of 60 secondary data in the form of annual financial reports and other financial data information that was processed based on the criteria for the financial year period in on. Observation of research data was carried out in the period from June to July 2022 on the website www.idx.co.id. The results of research and descriptive statistical tests using the G-Score model show that operating capacity, sales growth and firm size simultaneously have a significant effect on the prediction of financial distress. However, partially from the independent variable test, the results showed that only the sales growth variable had a significant effect on the prediction of financial distress with a Sig value of 0.997 with a probability value below or less than Sig 0.05. While other research variables have no effect on the prediction of financial distress or Sig greater than 0.05.
Penelitian ini bertujuan untuk menguji pengaruh dari struktur aset serta likuiditas terhadap struktur modal menggunakan ukuran perusahaan sebagai variabel moderasi. Model yang digunakan pada penelitian berupa desain penelitian kausalitas dengan jenis data kuantitatif atau data sekunder. Populasi dalam penelitian ini mempergunakan perusahaan property dan real estate yang terdaftar di Bursa Efek Indonesia pada tahun 2015-2019. Proses pemilihan sampel melalui metode purposive sampling, sehingga diperoleh sejumlah 100 data observasi dari 20 perusahaan yang terpilih sebagai sampel. Pengujian hipotesis dilakukan memakai model analisis regresi linier berganda serta uji moderated regression analysis (MRA) untuk menguji variabel moderator. Hasil dari penelitian didapatkan bahwa struktur aset dan likuiditas berpengaruh secara simultan terhadap struktur modal. Kemudian, secara parsial struktur aset memiliki pengaruh positif terhadap struktur modal, sedangkan likuiditas secara parsial berpengaruh negatif terhadap struktur modal. Selanjutnya ukuran perusahaan sebagai moderasi tidak mampu memoderasi pengaruh struktur aset terhadap struktur modal, namun mampu memoderasi pengaruh likuiditas terhadap struktur modal.
Going Concern Audit Opinion can predict whether or not a company may go bankrupt, including one component of a going concern decision. Several factors related to the Going Concern Audit Opinion in this study are the influence of financial distress and the reputation of the auditors and the audit committee as moderators. The purpose of this study was to study and analyze the effect of financial distress and auditor reputation on the provision of going concern audit opinions with the existence of an audit committee as moderating agent for property and real estate companies listed on the Indonesia Stock Exchange (IDX) 2015-2019. The sample taken in this study used purposive sampling. Data analysis using logistic analysis method. The results showed that financial distress and auditor reputation variables had partial or simultaneous influence on going concern audit opinion and the existence of an audit committee was not able to moderate the relationship between financial distress and auditor reputation on going concern audit opinion
Tujuan dilakukannya penelitian ini untuk menganalisa pengaruh profitabilitas, likuiditas, pertumbuhan perusahaan, dan opini audit tahun sebelumnya terhadap penerimaan opini audit going concern. Sampel yang dipakai yakni perusahaan sektor industri dasar dan kimia yang listed di Bursa Efek Indonesia tahun 2015-2019. Proses pemilihan sampel ditentukan melalui metode purposive sampling sehingga didapat sejumlah 125 data observasi dari 25 perusahaan yang terpilih sebagai sampel. Uji hipotesis dilakukan memakai model analisis regresi logistik biner. Dari uji statistik diperoleh hasil yakni profitabilitas, likuiditas, pertumbuhan perusahaan, dan opini audit tahun sebelumnya berpengaruh secara simultan terhadap diterimanya opini audit going concern. Kemudian, likuiditas berpengaruh negatif terhadap diterimanya opini audit going concern. Sementara profitabilitas, pertumbuhan perusahaan, dan opini audit tahun sebelumnya tidak berpengaruh terhadap diterimanya opini audit going concern.
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