scholarly journals THE EFFECT OF GROWTH OPPORTUNITY, FIRM SIZE, AND DEBT POLICY ON FIRM VALUE MEDIATED BY PROFITABILITY IN REAL ESTATE AND PROPERTY SECTOR COMPANIES ON THE INDONESIA STOCK EXCHANGE

2021 ◽  
Vol 119 (11) ◽  
pp. 41-54
Author(s):  
P.V.V. Janitra ◽  
I.B.P. Sedana
Keyword(s):  
Real Estate ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Growth Opportunity ◽  
Debt Policy

scholarly journals FAKTOR-FAKOR YANG BERPENGARUH TERHADAP NILAI PERUSAHAAN

2020 ◽  
Vol 15 (2) ◽  
pp. 135
Author(s):  
Hermi Hermi
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Total Sample ◽  
Manufacturing Companies ◽  
Growth Opportunity ◽  
Size Growth ◽  
Debt Policy

<p><em>The purpose of the Company was established to obtain profits and to improve the shareholders' welfare. Maximizing firm value is very important because the company's goals can be realized. The higher the firm value will be a signal for the market to trust the company's prospects in the long run. The purpose of this study was to determine </em>s<em>ignificant the effect of dividend policy, debt policy, company size, growth opportunity and liquidity to firm value of manufacturing companies listed in the Indonesia Stock Exchange year 2015-2018. This study uses multiple linear regression analysis. The population used is a manufacturing company listed in the Indonesia Stock Exchange year 2015-2018 with a total sample of 160 samples. The results of the study simultaneously show that the variables of dividend policy, debt policy, firm size, growth opportunity and liquidity affect the firm value. The results of the study partially stated that dividend policy and debt policy variables positive effect of the firm value. But, firm size, growth opportunity and liquidity do not effect of the firm values</em></p>

scholarly journals PENGARUH GROWTH OPPORTUNITY TERHADAP NILAI PERUSAHAAN MELALUI STRUKTUR MODAL (pada Perusahaan Sektor Property, Real Estate & Building Construction yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2014)

2018 ◽  
Vol 4 (2) ◽  
pp. 15-28
Author(s):  
Nova Adhitya Ananda ◽  
I Nyoman Nugraha Ardana P
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Partial Least Square ◽  
Least Square ◽  
Building Construction ◽  
Construction Company ◽  
Growth Opportunity

ABSTRACT  The purpose of this research is to find the influence of growth opportunity and capital structure on firm value. The research objects used is property, real estate and building construction company which listed in Indonesian Stock Exchange in 2011-2014. This research used a purposive sampling technique in determining the research sample. The number of companies chosen as the sample in 37 company of 54 companies registered in property, real estate and building construction sector. This research was included in the explanatory research using quantitative approach. Data analysis method used in this research is partial least square (PLS) analysis. The result showed that in directly growth opportunity and capital structure has a significant effect on firm value. Growth opportunity undirectly has significant effect on the firm value by means of capital structure. Growth opportunity has a positive and significant effect on capital structure and capital structure has a negative and significant effect on firm value.Keywords : Growth Opportunity, Capital Structure and Firm Value

scholarly journals Pengaruh Kepemilikan Institusional Dan Ukuran Perusahaan Terhadap Kebijakan Hutang Dan Nilai Perusahaan (Studi Pada Perusahaan Manufaktur Yang Terdaftar Di Bei)

2012 ◽  
Vol 4 (1) ◽  
pp. 51 ◽  
Author(s):  
Elva Nuraina
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Analytical Techniques ◽  
Institutional Ownership ◽  
Corporate Debt ◽  
Manufacturing Companies ◽  
Normality Test ◽  
Public Company ◽  
Debt Policy

AbstractThis study aims to test empirically: 1)the influence of institutional ownership on corporate value, 2)the effect of firm size on firm value, 3)the influence of institutional ownership on debt policy, 4)the effect of firm size on debt policy. The population in this study is a public company in Indonesia Stock Exchange with manufacturing companies in the sample. Sampling method using purposive sampling. Analytical techniques used in this study using multiple linear regression which include normality test, test classic assumptions and hypothesis testing. The results showed that 1) the institutional ownership has a significant effect confirm value, 2) the size of the company has a significant effect on firm value, 3) institutional ownership have a significant effect on corporate debt policy, 4) firm size had no significant effect on corporate debt policy.

scholarly journals PENGARUH KEBIJAKAN HUTANG, KEBIJAKAN DIVIDEN, PROFITABILITAS, PERTUMBUHAN PENJUALAN DAN KESEMPATAN INVESTASI TERHADAP NILAI PERUSAHAAN DENGAN UKURAN PERUSAHAAN SEBAGAI VARIABEL MODERASI

2019 ◽  
Vol 6 (2) ◽  
pp. 201
Author(s):  
Vivi Apriliyanti ◽  
Hermi Hermi ◽  
Vinola Herawaty
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Sales Growth ◽  
Manufacturing Companies ◽  
Investment Opportunity ◽  
Investment Opportunity Set ◽  
Debt Policy ◽  
Positive Effect

<p class="Default" align="center"><strong><em>Abstract</em></strong><em></em></p><p class="Default"><em>The purpose of this study was to examine the influence of debt policy, dividend policy,profitability, sales growth and investment opportunity set on firm value with firm size as moderating variable in the manufacturing companies on the Indonesia Stock Exchange (IDX). The population used in this study is a company that is listed on the Indonesia Stock Exchange. The sample used in this study 128 companies with an observation period of 3 (three) years from 2016 to 2018. The method of determining the sample used in this study was the purposive sampling method. The data processing method used in this study is the causality test with multiple regression analysis using SPSS version 23. The independent variables in this study are Debt Policy, Dividend Policy, Profitability, Sales Growth and Investment Opportunity. The moderating variable in this study is Company Size. The dependent variable in this study is firm value. The results of this study indicate that Debt Policy has a positive effect on Firm’s Value, Dividend Policy does not effect on Firm Value, Profitability does not have a positive effect on Firm’s Value, Sales Growth does not effect on Firm’s Value, Investment Opportunity Set does not effect on Firm’s Value, Firm Size does not have a positive effect on Firm’s Value, Firm Size does not strengthen the realtionship between Debt Policy with Firm’s Value, Firm Size does not strengthen the realtionship between Dividend Policy with Firm’s Value, Firm Size does not strengthen the realtionship between Profitability with Firm’s Value, Firm Size does not strengthen the realtionship between Sales Growth with Firm’s Value, Firm Size does not strengthen the realtionship between Investment Opportunity Set with Firm’s Value.</em></p>

scholarly journals Analisis Pengaruh Profitabilitas, Ukuran Perusahaan, Keputusan Investasi, dan Kebijakan Utang Terhadap Nilai Perusahaan

2019 ◽  
Vol 3 (1) ◽  
pp. 77
Author(s):  
Lasmanita Rajagukguk ◽  
Valencia Ariesta ◽  
Yunus Pakpahan
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Secondary Data ◽  
Tobin’S Q ◽  
Manufacturing Companies ◽  
Process Data ◽  
Tobin's Q ◽  
Debt Policy

Abstract: This study aims to analyze the effect of profitability, firm size, investment decisions, and debt policy on firm value. The research method used is quantitative research. In this study, company value is measured using Tobin's Q. The data in this study are secondary data in the form of annual financial statements of audited manufacturing companies and published as listed on the Indonesia Stock Exchange for the period of 2012 to 2016. The statistical method used is analysis of multiple linear regression using the SPSS version 22.00 program to process data. The study found that profitability, company size, and debt policy significantly influence the value of the company, while investment decisions do not affect the value of the company. Keywords: firm value, profitability, firm size, debt policy, investment decisions.  Abstrak. Penelitian ini bertujuan untuk menganalisis pengaruh profitabilitas, ukuran perusahaan, keputusan investasi, dan kebijakan utang terhadap nilai perusahaan.Metode penelitian yang digunakan adalah penelitian kuantitatif. Dalam penelitian ini, nilai perusahaan diukur dengan menggunakan Tobin’s Q. Data dalam penelitian ini adalah data sekunder berupa laporan keuangan tahunan perusahaan manufaktur yang telah diaudit dan dipublikasikan yang tercatat di Bursa Efek Indonesia periode tahun 2012 sampai dengan tahun 2016. Metode statistik yang digunakan adalah analisis regresi linear berganda dengan menggunakan program SPSS versi 22.00 untuk mengolah data. Penelitian menemukan bahwa profitabilitas, ukuran perusahaan, dan kebijakan utang berpengaruh signifikan terhadap nilai perusahaan, sedangkan keputusan investasi tidak berpengaruh terhadap nilai perusahaan. Kata kunci: Nilai perusahaan, profitabilitas, ukuran perusahaan, kebijakan utang, keputusan investasi.

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI AKTIVITAS HEDGING DENGAN INSTRUMEN DERIVATIF VALUTA ASING

2015 ◽  
Vol 5 (1) ◽  
Author(s):  
Fay Guniarti
Keyword(s):  
Logistic Regression ◽  
Firm Size ◽  
Financial Distress ◽  
Firm Value ◽  
Foreign Currency ◽  
Stock Exchange ◽  
Secondary Data ◽  
Analysis Model ◽  
Growth Opportunity ◽  
Probability Prediction

<p>Penelitian ini bertujuan untuk mengetahui faktor-faktor yang mempengaruhi aktivitas hedging dengan instrumen derivatif valuta asing pada perusahaan non keuangan yang terdaftar di BEI tahun 2010-2012. Data yang digunakan adalah<br />data sekunder yang diunduh dari website Bursa Efek Indonesia. Populasi dalam penelitian ini adalah seluruh perusahaan yang terdaftar di Bursa Efek Indonesia tahun 2010-2012. Sedangkan sampel penelitian ini sejumlah 77 perusahaan yang memiliki eksposur transaksi dan memiliki kelengkapan data untuk diteliti. Dari sampel tersebut sebanyak 28 perusahaan melakukan aktivitas hedging selama periode pengamatan dan 49 perusahaan tidak melakukan aktivitas hedging.Analisis Logistic Regression digunakan untuk menguji hipotesis. Hasil pengujian menunjukkan bahwa model analisis menghasilkan ketepatan 79.2% dan variabel leverage, liquidity, firm size dan financial distress berpengaruh signifikan terhadap prediksi probabilitas aktivitas hedging dengan tingkat signifikansi 5%, sedangkan variabel firm value dan growth opportunity berpengaruh tidak signifikan.</p><p> </p><p>The objective of the study was to know the factors which influence the hedging activity with foreign currency derivative instruments at non-financial companies listed on the Indonesia Stock Exchange in 2010-2012. The data of the research were secondary data which was downloaded from the Indonesia Stock Exchange website. The population of the study was all companies listed in Indonesia Stock Exchange in the period of 2010-2012. There were 77 companies which had the transaction exposure andcomplete data for analysis. From those samples, only 28 companies did hedging activities during the period of observation and 49 companies did not do hedging activities.The data were analyzed by Logistic Regression Analysis to test the hypothesis. The test result showed that analysis model gave the accuracy 79.2% and the research variables; leverage, liquidity, firm size, and financial distress significantly influenced the probability prediction of hedging activity with 5% level of significancy, while the research variables; firm value and growth opportunity did not give significant influence.</p>

scholarly journals THE EFFECT OF LEVERAGE, SALES GROWTH AND LIQUIDITY TO THE FIRM VALUE OF REAL ESTATE AND PROPERTY SECTOR IN INDONESIA STOCK EXCHANGE

2018 ◽  
Vol 1 (3) ◽  
pp. 198
Author(s):  
Fery Citra Febriyanto
Keyword(s):  
Real Estate ◽  
Firm Size ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Control Variable ◽  
Leverage Effect ◽  
Sales Growth ◽  
The Real Estate ◽  
Real Estate Sector

The value of the firm is essential for the company so as to Determine the factors thataAffect the company into something that needs to be done. This study aims to examine some of the factors that affect the value of the firm are: leverage, sales growth, liquidity, dividend policy, and firm size on firm value of real estate and property in the Indonesia Stock Exchange. This study uses the entire real estate and property company in Indonesia Stock Exchange period of 2011 to 2015, so there are 41 companies as research samples. This study using Tobin's Q to measure the value of the firm. The results Showed that positive leverage effect on the value of the firm due to debt levels are still optimized so that provide positive implications on additional debt. The study of the liquidity variablesshows that liquidity negatively affect the value of the firm due to the value of liquidity are at a maximum. Then the control variable, dividend policy affect the value of the firm and firm size has no effect on the value of firms in the real estate sector and property in the Indonesia Stock Exchange.

scholarly journals Analisis Pengaruh Kinerja Perusahaan, Kebijakan Hutang, Ukuran Perusahaan, Dan Nilai Perusahaan Terhadap Tingkat Pengembalian Investasi Pada Perusahaan Property Dan Real Estate Yang Terdaftar Di Bei Periode 2014-2016

2019 ◽  
Vol 2 (3) ◽  
Author(s):  
Julianti Levina Kosman Dan Indra Widjaja
Keyword(s):  
Real Estate ◽  
Firm Size ◽  
Firm Value ◽  
Stock Return ◽  
Estimation Methods ◽  
Company Performance ◽  
Significance Level ◽  
Negative Effect ◽  
Debt Policy ◽  
Positive Effect

The purpose of this research is to examine empirically the influence of company performance, debt policy, firm size and firm value toward retun on investment. In this research, researcher used four independent variables and one dependent variabel. Company performance is proxied by Return On Equity (ROE), Debt policy is proxied by Debt to Equity Ratio (DER), firm size is proxied by Natural Logarithm of Total Asset (SIZE), firm value is proxied by Price Book Value (PBV), and return on investment is proxied by Stock Return (RETURN). The sample of the research consist of 36 property and real estate companies listed in Indonesia Stock Exchange in the period 2014-2016. This research used quantitative analysis with panel data estimation methods with time series and cross section data used 5% significance level. The result shows that company performance have a positive effect and insignificant toward stock return, debt policy have a negative effect and significant toward stock return, firm size has a negative effect and insignificant toward stock return and firm value have a positive effect and significant toward the stock return.

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN NON KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 20 (2) ◽  
pp. 117-126
Author(s):  
ANWAR HARSONO
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Dividend Policy ◽  
Capital Expenditure ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Managerial Ownership ◽  
Return On Assets ◽  
Final Sample ◽  
Debt Policy

The objective of the research is to obtain empirical evidence on the effect of independent variables of firm size, cash, capital expenditure, dividend policy, debt policy, return on asset, managerial ownership, and institutional ownership to firm value.The population used in this study are non-financial companies listed on the Indonesia Stock Exchange from 2013-2016. Intake of data in this research using purposive sampling method. There are 54 non-financial companies that fit the criteria and were selected as the final sample. This study uses multiple regression analysis to test the hypothesis. The value of firms in this study was measured using Tobins'Q.The empirical results of this study indicate that the variables independent debt policy and return on assets have an influence on firm value, while the variables of firm size, cash, capital expenditure, dividend policy, managerial ownership, and institutional ownership have no effect on firm value.

scholarly journals Pengaruh Sales Growth, Firm Size, Debt Policy, Return On Asset terhadap Nilai Perusahaan pada Perusahaan Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia

2019 ◽  
Vol 2 (2) ◽  
pp. 345-355
Author(s):  
Lusiana Veronika Sinaga ◽  
Antonia Masriani Nababan ◽  
Annisa Nauli Sinaga ◽  
Thomas Firdaus Hutahean ◽  
Siti Tiffany Guci
Keyword(s):  
Regression Analysis ◽  
Real Estate ◽  
Firm Size ◽  
Firm Value ◽  
Sampling Method ◽  
Linear Regression Analysis ◽  
Sales Growth ◽  
Analysis Technique ◽  
The Impact ◽  
Debt Policy

The company was builded to maximixing the wealth of their owner or their stokeholders. The company’s goal can be achieved by maximizing the firm value.The purpose of this research is to find out the impact of  some variables such as Growth of Sales, Firm Size, Debt Policy, and ROA, to Firm Value on companies to Property and Real Estate  period 2013-2016.Purposive sampling method was used in sampling and 26 companies were used as sample.Method of  observation and using Linear Regression Analysis as the Analysis technique and 26 companies were used as sample.The result showed that Growth of Sales has significant and not impact on Firm Value, Firm Size has a positive and significant impact on Firm Value, Debt Policy not impact and not significanton firm value. And ROA has a positive and significant impact to Firm Value.The firm value is very important because the higher is the firm value, the higher is the wealth of the company’s owner. To the investors that they may point out the Return on Asset and before make an investment. Keywords : Sales Growth, Firm Size, Debt Policy, Return on Asset

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