Influence of Profitability to the Firm Value of Diversified Companies in the Philippines

Sucuahi, William T.; Cambarihan, Jay Mark

doi:10.5430/afr.v5n2p149

Cited by 128 publications

(161 citation statements)

References 18 publications

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“…The return on asset variable shows that ROA significantly influence the firm value. This result is in line with Sucuahi and Cambarihan [8] research. In this research, the ROA can influence the firm value through TOBIN'S Q.…”

Section: Discussionsupporting

confidence: 92%

The Influence of Good Corporate Governance, Financial and Environmental Performance towards Firm Value: Case of Manufacturing Companies in Indonesia

Rusmanto¹,

Lisal²

2019

IJITEE

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This study aims to observe and analyze the influence of proportion of independent board commissioners, the audit committee, board of directors, return on asset, return on equity and environmental performance towards firm value. Firm value was proxied with Tobin's Q. The population in this study is manufacturing companies listed in Indonesia Stock Exchange year 2013 -2017. The study used 18 sample companies from 160 companies. The sample was determined by using purposive sampling. The result of this study showed that proportion of independent board commissioners, audit committee and Return On Assets has a significant effect on firm value while the board of directors, Return On Equity and PROPER has no significant effect on firm value.

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Section: Discussionsupporting

confidence: 92%

The Influence of Good Corporate Governance, Financial and Environmental Performance towards Firm Value: Case of Manufacturing Companies in Indonesia

Rusmanto¹,

Lisal²

2019

IJITEE

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“…Enterprise value is a topic of great interest to business executives and researchers, what factors affect enterprise value? There have been a number of studies by authors such as Varaiya, Kerin, and Weeks (), Liow (), Hermuningsih (), Kodongo, Mokoaleli‐Mokoteli, and Maina (), (Mule, Mukras, & Nzioka, 2015), and Sucuahi and Cambarihan (), studying the effect of growth, size, and capital structure on enterprise value. The results of these studies have both similarities and differences with one another due to the use of different measurements.…”

Section: Problem Introductionmentioning

confidence: 99%

Study the Impact of Growth, Firm Size, Capital Structure, and Profitability on Enterprise Value: Evidence of Enterprises in Vietnam

Hung¹,

Vu²,

Ngo³

et al. 2019

J Corp Accounting Finance

135

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This article studies the effect of growth, firm size, capital structure, and profitability on enterprise value (EV) in Vietnam. The study used a panel of 1.070 observations at 214 companies listed on the Vietnamese stock market for the period of 2012–2016. According to regression results by generalized least squares and structural pathways analysis, the results detected size and profitability are positively correlated with the enterprise value, while capital structure is a factor that negatively affects the enterprise value. On the other hand, growth factor does not have any impact on enterprise value. However, when measuring enterprise value under EV or Tobin's Q, the statistical results are not entirely consistent. In addition, the results of the study have also shown that the measurement of EV on enterprise value will be more appropriate. The results of empirical research are useful to help businesses improve their values. © 2019 Wiley Periodicals, Inc.

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“…Berbeda halnya dengan penelitian (Triana & Istyana, 2017) menyatakan bahwa profitabilitas tidak berpengaruh terhadap nilai perusahaan. (Sucuahi & Cambarihan, 2016) membuktikan dalam penelitiannya profitabilitas tidak berpengaruh secara langsung terhadap nilai perusahaan.…”

Section: Pendahuluanunclassified

“…Agar sinyal tersebut efektif, maka harus dapat ditanggapi oleh pasar dan dipersepsikan baik, serta tidak mudah ditiru oleh perusahaan yang berkualitas buruk (Harnanto, 2012:87). Menurut (Allen dan Faulhaber dalam (Sucuahi & Cambarihan, 2016), perusahaan yang berkualitas buruk tidak mudah untuk meniru perusahaan yang berkualitas baik yang melakukan underpricing, hal ini disebabkan karena cash flow periode berikutnya akan mengungkapkan tipe perusahaan tersebut (baik atau buruk). Sinyal yang baik adalah yang tidak dapat ditiru oleh perusahaan yang nilai perusahaanya lebih rendah karena faktor biaya.…”

Section: Pendahuluanunclassified

Pengaruh Profitabilitas Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Moderasi Perusahaan Indeks Kompas 100

Suliastawan

Purnawati

2020

EJMUNUD

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ABSTRAKNilai perusahaan dapat memberikan kemakmuran pemegang saham secara maksimum apabila kinerja baik. salah satunya dapat diukur dengan profitabilitas dan faktor lain yang mempengaruhi nilai perusahaan adalah kebijakan dividen. Tujuan penelitian ini ialah untuk mengetahui pengaruh profitabilitas terhadap nilai perusahaan dengan kebijakan deviden sebagai variabel moderasi pada perusahaan Indeks Kompas 100. Penelitian ini dilakukan di seluruh perusahaan pertambangan yang tergabung dalam Indeks Kompas 100 di Bursa Efek Indonesia (BEI). Jumlah sampel, dengan menggunakan metode purposive sampling ialah sebanyak 17 perusahaan dari 100 perusahaan selama periode 2014-2018. Teknik analisis data yang diterapkan dalam penelitian ini adalah moderasi regresi analisis. Hasil analisis menghasilkan, profitabilitas berpengaruh positif signifikan terhadap nilai perusahaan. Kebijakan deviden berpengaruh positif signifikan terhadap nilai perusahaan. Kebijakan deviden memoderasi pengaruh profitabilitas terhadap nilai perusahaan pada sektor pertambangan Indeks Kompas 100. Kata kunci : profitabilitas, kebijakan deviden dan nilai perusahaan. ABSTRACTThe value of the company can provide maximum shareholder prosperity if the performance is good. one of them can be measured by profitability and other factors that influence company value are dividend policy. The purpose of this study was to determine the effect of profitability on firm value with dividend policy as a moderating variable in the Kompas 100 Index company. This research was conducted in all mining companies incorporated in the Kompas 100 Index on the Indonesia Stock Exchange (IDX). The number of samples, using the purposive sampling method is as many as 17 companies from 100 companies during the 2014-2018 period. The data analysis technique applied in this study is the regression analysis moderation. The results of the analysis produce, profitability has a significant positive effect on firm value. Dividend policy has a significant positive effect on firm value. Dividend policy moderates the effect of profitability on company value in the mining sector of the Kompas 100 Index. Keyword : profitability, dividend policy and company value.

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Influence of Profitability to the Firm Value of Diversified Companies in the Philippines

Cited by 128 publications

References 18 publications

The Influence of Good Corporate Governance, Financial and Environmental Performance towards Firm Value: Case of Manufacturing Companies in Indonesia

The Influence of Good Corporate Governance, Financial and Environmental Performance towards Firm Value: Case of Manufacturing Companies in Indonesia

Study the Impact of Growth, Firm Size, Capital Structure, and Profitability on Enterprise Value: Evidence of Enterprises in Vietnam

Pengaruh Profitabilitas Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Moderasi Perusahaan Indeks Kompas 100

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