Dynamic Model of Firm Value: Evidence from Indonesian Manufacturing Companies

Thamrin, Kemas Muhammad Husni; Syamsurijal, Syamsurijal; Sulastri, Sulastri; Isnurhadi, Isnurhadi

doi:10.29259/sijdeb.v2i2.151-164

Cited by 8 publications

(13 citation statements)

References 26 publications

(37 reference statements)

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“…The upward push in firm's value shows that they may be willing to pay better. this is consistent with their expectancies to get excessive returns (Thamrin et al 2018).…”

Section: Literature Review the Firm's Valuesupporting

confidence: 87%

Profitability and the Firm's Value

Jonnius

Marsudi

2021

DIJMS

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The cause of this research is to investigate and prove the impact of ROA, ROE, NPM, and GPM on firm’s value (Tobin's Q) either partially or simultaneously and decide which profitability ratio is more dominant in explaining Tobin's Q variance. The analysis was carried out on companies listed in the Jakarta Islamic Index (JII) for 2015-2020. The sample selected was issuers consistently registered with JII during the 2015-2020 period, and 11 issuers were selected. The results of the analysis show ROA and NPM partially sizeable good-sized effect on Tobin's Q, whilst ROE and GPM do not have any effect. ROA is positively correlated, and NPM is negatively correlated. However, all independent variables simultaneously have a significant impact on Tobin's Q. The R-square value of is 0.953648 shows that 95.37% of Tobin's Q variance can be explained by changes in ROA, ROE, GPM, and NPM, while other factors outside the model cause the remaining 4.43%. Of the four variables tested, ROA is the more dominant variable affecting Tobin's Q and can be used as the best proxy for corporate profitability.

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“…The upward push in firm's value shows that they may be willing to pay better. this is consistent with their expectancies to get excessive returns (Thamrin et al 2018).…”

Section: Literature Review the Firm's Valuesupporting

confidence: 87%

Profitability and the Firm's Value

Jonnius

Marsudi

2021

DIJMS

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“…Dang et al, (2019) perusahaan di Vietnam juga menyatakan bahwa profitabilitas yang di proksikan pada ROA berpengaruh positif terhadap nilai perusahaan. Dampak profitabilitas yang berpengaruh negatif signifikan terhadap nilai perusahaan terdapat pada studi yang dilakukan Isnurhadi et al, (2018).…”

Section: Pendahuluanunclassified

Pengaruh Kebijakan Dividen, Profitabilitas dan Keputusan Investasi terhadap Nilai Perusahaan pada Perusahaan Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia (BEI)

Rahmaneeyuda,

Andriana,

Taufik

2024

AJEKBS

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This research aims to determine the impact of dividend policies, profitability, and investment decisions on the value of companies in the mining sector listed on the Indonesian Stock Exchange. This research uses quantitative data with a secondary data source obtained from the Indonesian Stock Exchange financial reports. Sampling in this study used purposive sampling techniques and obtained 10 companies as samples for research. The analysis technique used is linear regression analysis using SPSS 2.7. The results of the research show that Dividend Policy (DPR) and Investment Decisions (FATA) have no effect on the Company’s Value (PER), while rentability (ROA) has a significant negative impact on the company’s value. (PER).

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“…According to signal theory, the higher the profitability ratio of an entity will provide a good signal for shareholders to increase their investment interest in the entity. The increase in demand for share purchases affects the entity's value to be higher (Thamrin et al, 2018).…”

Section: Profitability and Entity Valuementioning

confidence: 99%

Factors Affecting the Value of Entities on the Indonesia Stock Exchange

Joy¹,

Sanjaya²

2022

riset

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The objective of this research is to obtain empirical evidence about the influence of liquidity, leverage, dividend policy, firm size, profitability, institutional ownership, and managerial ownership as independent variables to firm value as dependent variable in Indonesia non-financial companies. The research used companies listed in non-financial sectors in Indonesia Stock Exchange on 2018-2020. There are 103 companies meet the criteria by using purposive sampling method. The research uses multiple regression method for data analysis. The result shows that leverage and profitability have influence to firm value, while other independent variables such as liquidity, dividend policy, firm size, institutional ownership and managerial ownership have no influence towards firm value in the company.

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Dynamic Model of Firm Value: Evidence from Indonesian Manufacturing Companies

Cited by 8 publications

References 26 publications

Profitability and the Firm's Value

Profitability and the Firm's Value

Pengaruh Kebijakan Dividen, Profitabilitas dan Keputusan Investasi terhadap Nilai Perusahaan pada Perusahaan Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia (BEI)

Factors Affecting the Value of Entities on the Indonesia Stock Exchange

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