scholarly journals PENGARUH DEBT TO EQUITY RATIO DAN FIRM SIZE TERHADAP NILAI PERUSAHAAN DENGAN RETURN ON EQUITY SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX (JII) PERIODE 2016-2018

2020 ◽  
Vol 6 (1) ◽  
pp. 15-29
Author(s):  
Indah Khairunnisa ◽  
Mismiwati Mismiwati ◽  
Bunga Mar’atush Shalihah
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Return On Equity ◽  
Book Value ◽  
Independent Variables ◽  
Company Value ◽  
Dependent Variables ◽  
Equity Ratio ◽  
Intervening Variables ◽  
Two Independent Variables

The Study investigated the influence of Debt to Equity Ratio and Firm Size on Firm Value with Return On Equity as intervening variables in Jakarta Islamic Index (JII) in 2016-2018. This study uses two independent variables that Debt to Equity Ratio and Firm Size. The dependent variables used in this study is the Company Value with indicators of Price to Book Value. While the intervening variable used in this study is Return On Equity. The result showed that there was a positive and significant effect Debt to Equity Ratio on Return On Equity. There was a negative and not significant Firm Size on Return On Equity. Debt to Equity Ratio has no significant effect on Firm Value. Firm Size has no significant effect on Firm Value. There wasa positive and significant effect Return On Equity on Firm Value. Return On Equity is mediating the effect of Debt to Equity Ratio on Firm Value (Partial Mediation). Return On Equity is mediating the effect of Firm Size on Firm Value (Partial Mediation).

scholarly journals PENGARUH DEBT TO EQUITY RATIO DAN FIRM SIZE TERHADAP NILAI PERUSAHAAN DENGAN RETURN ON EQUITY SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX (JII) PERIODE 2016-2018

2020 ◽  
Vol 6 (1) ◽  
pp. 15-29
Author(s):  
Indah Khairunnisa ◽  
Mismiwati Mismiwati ◽  
Bunga Mar’atush Shalihah
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Return On Equity ◽  
Book Value ◽  
Independent Variables ◽  
Company Value ◽  
Dependent Variables ◽  
Equity Ratio ◽  
Intervening Variables ◽  
Two Independent Variables

The Study investigated the influence of Debt to Equity Ratio and Firm Size on Firm Value with Return On Equity as intervening variables in Jakarta Islamic Index (JII) in 2016-2018. This study uses two independent variables that Debt to Equity Ratio and Firm Size. The dependent variables used in this study is the Company Value with indicators of Price to Book Value. While the intervening variable used in this study is Return On Equity. The result showed that there was a positive and significant effect Debt to Equity Ratio on Return On Equity. There was a negative and not significant Firm Size on Return On Equity. Debt to Equity Ratio has no significant effect on Firm Value. Firm Size has no significant effect on Firm Value. There wasa positive and significant effect Return On Equity on Firm Value. Return On Equity is mediating the effect of Debt to Equity Ratio on Firm Value (Partial Mediation). Return On Equity is mediating the effect of Firm Size on Firm Value (Partial Mediation).

scholarly journals DETERMINAN NILAI PERUSAHAAN (STUDI PADA BANK UMUM YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2015-2019)

2021 ◽  
Vol 6 (2) ◽  
pp. 81-106
Author(s):  
Dwi Epty Hidayaty ◽  
Wike Pertiwi
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Error Term ◽  
Hypothesis Test ◽  
Coefficient Of Determination ◽  
Return On Equity ◽  
Book Value ◽  
Independent Variables ◽  
Managerial Implications ◽  
Equity Ratio

Penelitian ini bertujuan untuk mengidentifikasi dinamika profitabilitas, likuiditas, dan struktur modal pada bank umum yang terdaftar di BEI periode 2015-2019, mengidentifikasi pengaruhnya dan memformulasikan implikasi manajerial dan merekomendasi kesimpulan bahwa ada pengaruh dari Return on Equity (ROE), Debt To Equity Ratio (DER), dan Loan To Deposit Ratio (LDR) terhadap Price To Book Value (PBV). Penelitian ini adalah penelitian kausal dengan pendekatan kuantitaif dimana variabel independennya adalah profitabilitas, struktur modal, dan likuiditas, sedangkan untuk variabel dependennya adalah perusahaan. Analisis data yang digunakan adalah analisis statistik inferensia. Penelitian ini menggunakan analisis regresi data panel yang diolah dengan menggunakan SPSS versi 23. Hasil penelitian didapatkan pada uji asumsi diketahui bahwa error term sudah memenuhi asumsi normal dan tidak terdapat multikolinearitas dan heteroskedastisitas. Pada uji hipotesis koefisien determinasi, diketahui bahwa sample dapat secara baik mempresentasikan total populasi, dan pada uji regresi simultan (Uji F) didapatkan bahwa variabel independen (ROE, DER, LDR) secara simultan berpengaruh signifikan pada variabel dependen (PBV). Dari hasil penelitian menyatakan bahwa Return on Equity (ROE) berpengaruh positif dan signifikan terhadap nilai perusahaan. Sedangkan untuk variabel lainnya seperti Debt To Equity Ratio (DER) berpengaruh negatif dan tidak signifikan terhadap nilai perusahaan (PBV) dan Loan To Deposit Ratio (LDR) berpengaruh dan signifikan terhadap nilai perusahaan (PBV). Kata kunci: Nilai Perusahaan, Profitabilitas, Struktur Modal, Likuiditas     This study aims to identify the dynamics of profitability, liquidity, and capital structure in commercial banks listed on the IDX for the 2015-2019 period, identify their effects and formulate managerial implications and recommend the conclusion that there is an effect of Return on Equity (ROE), Debt To Equity Ratio (DER), and Loan To Deposit Ratio (LDR) against Price To Book Value (PBV). This research is a causal research with a quantitative approach where the independent variables are profitability, capital structure and liquidity, while the dependent variable is the company. The data analysis used was statistical inferential analysis. This study uses panel data regression analysis which is processed using SPSS version 23. The results obtained in the assumption test note that the error term has met the normal assumptions and there is no multicollinearity and heteroscedasticity. In the coefficient of determination hypothesis test, it is known that the sample can represent the total population well, and in the simultaneous regression test (F test) it is found that the independent variables (ROE, DER, LDR) simultaneously have a significant effect on the dependent variable (PBV). From the results of the study states that Return on Equity (ROE) has a positive and significant effect on firm value. Meanwhile, other variables such as Debt To Equity Ratio (DER) have a negative and insignificant effect on firm value (PBV) and Loan To Deposit Ratio (LDR) has a significant and significant effect on firm value (PBV). Keywords: Firm Value, Profitability, Capital Structure, Liquidity

scholarly journals PENGARUH RETURN ON ASSETS, DEBT TO EQUITY RATIO, PRICE EARNING RATIO DAN FIRM-SIZE TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN KATEGORI INDEKS LQ-45 DI BURSA EFEK INDONESIA

2018 ◽  
Vol 1 (2) ◽  
pp. 12
Author(s):  
Triana Zuhrotun Aulia
Keyword(s):  
Linear Regression ◽  
Firm Size ◽  
Firm Value ◽  
Positive Impact ◽  
Stock Exchange ◽  
Market Value ◽  
Analysis Tool ◽  
Return On Assets ◽  
Book Value ◽  
Equity Ratio

Price to Book Value (PBV) is the ratio of the market value of equity to the book value of equity. PBV is the level of ability to create a company's value relative to the amount of capital invested. This study will analyze both simultaneous and partial effect of return on assets, debt to equity ratio, price earning ratio and firm-size to price book value. Companies classified in LQ-45 selected as the population used in this study are listed on the Stock Exchange 2012-2016 period. Purposive sampling is used to get the sample in this research using criterias and 18 companies or 72 firm-years are the samples. Analysis tool in this research using spss 23.0. This research is using multiple linear regression. Based on the results of the partial test (t test) on the real level (α) = 5% can be seen that the variabel return on assets, debt to equity ratio and price earning ratio have a significant and positive impact on price book value, meanwhile firm-size have no significant effect on price book value. Keywords :   Firm value, Price Book Value, Return on Asset, Debt to Equity Ratio, Price Earning Ratio, Firm-size. 

scholarly journals Pengaruh Likuiditas, Kebijakan Hutang, Pertumbuhan Perusahaan dan Ukuran Perusahaan Terhadap Nilai Perusahaan dengan Profitabilitas Sebagai Variabel Intervening pada Perusahaan Sub Sektor Farmasi Di Bursa Efek Indonesia Periode 2014 – 2019

2021 ◽  
Vol 6 (1) ◽  
pp. 68
Author(s):  
Suryanti Suryanti ◽  
Arna Suryani ◽  
Yunan Surono
Keyword(s):  
Stock Exchange ◽  
Return On Equity ◽  
Financial Report ◽  
Book Value ◽  
Company Value ◽  
Free Variables ◽  
Equity Ratio ◽  
Total Influence ◽  
Company Growth ◽  
Debt Policy

This study is to look at the influence of Liquidity, Debt Policy, Company Growth And Company Size on Company Value With Profitability As Intervening Variable In Pharmaceutical Sub-Sector Companies on Indonesia Stock Exchange Period 2014 - 2019. Liquidity variables that are diproxykan with current ratio, debt policy that is diproxykan with debt to equity ratio, growth of the company that is diproxykan with changes in total assets and the size of the company that is diproxykan with normal logarithm (Ln) sales to the value of the company that is mortgaged with price to book value with profitability diproxykan with return on equity as intervening variables. The research sample used is the Pharmaceutical Sub Sector on the Indonesia Stock Exchange during the 6-year observation period, starting from 2014 - 2019 recorded as many as 10 companies, which have a complete financial report and which have a complete research indicator report in the annual financial report during the research period as many as 8 companies. This study used purposive sampling and data analysis techniques using the help of microsoft Excell and SPSS 22.0 software. with Path Analysis. The results showed that; 1) Simultaneously all free variables have no effect on bound variables whereas that partially only the growth variables of the company are diproxykan with changes in total assets that affect the variable profitability. 2) Simultaneously all free variables have a significant effect on bound variables whereas partially only the growth variables of the company are diproxykan with changes in total assets that have no effect on the variable value of the company. 3) Variable profitability diproxykan with return on equity has no effect on the variable value of the company that is diproxykan with price to book value. 4) Variable liquidity, debt policy, company growth and the size of the company to the value of the company with profitability as an intervening variable has a total influence of 11.1838%, the large influence including weak.

scholarly journals NILAI PERUSAHAAN: KEBIJAKAN HUTANG, KEBIJAKAN DIVIDEN DAN PROFITABILITAS

2020 ◽  
Vol 1 (01) ◽  
pp. 117-130
Author(s):  
Afif Taftazani ◽  
Eka Suryani
Keyword(s):  
Firm Value ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sampling Technique ◽  
Coefficient Of Determination ◽  
Dividend Payout ◽  
Return On Equity ◽  
Book Value ◽  
Equity Ratio

This study aims to determine the effect of Debt to Equity Ratio (DER), Dividend Payout Ratio (DPR) and Return on Equity (ROE) on the value of the company or Price to book value (PBV) on the Indonesia Stock Exchange. The type of this research is quantitative research. The Data on this research is secondary data derived by collectin from literature and documentation. The sample in this study is 16 companies which listed on the Indonesia Stock Exchange in the 2012-2017 period. The sampling technique uses a non-probability sampling method. To analyze the data using a panel data regression test with software Eviews 9. The results of the analysis show that a partial debt to equity ratio has a positive and significant impact on firm value (PBV), while dividend payout ratio and return on equity have no significant impact on company value (PBV). The coefficient of determination (R2) is 0.9378 or 93.78%. This shows that 93.78% of the company's value (PBV) is influenced by the debt to equity ratio, dividend payout ratio and return on equity. While the remaining 6.22% of the company's value (PBV) is influenced by other factors. Abstrak Penelitian ini bertujuan untuk mengetahui pengaruh debt to equity ratio (DER), divident payout ratio (DPR) dan  return on equity (ROE)  terhadap nilai perusahaan (Price to book value) (PBV) di Bursa Efek Indonesia. Jenis penelitian yang digunakan dalam penelitian ini adalah penelitian kuantitatif. Data dalam penelitian ini menggunakan data sekunder yang berasal dari kepustakaan dan dokumentasi. Sampel dalam penelitian ini adalah 16 perusahaan yang terdaftar dalam Bursa Efek Indonesia periode 2012-2017. Teknik pengambilan sampel dalam penelitian ini menggunakan metode non probality sampling. Analisis yang digunakan menggunakan uji regresi panel dengan software eviews 9.  Berdasarkan analisis data yang dilakukkan dalam analisis menunjukkan debt to equity  ratio secara parsial berpengaruh secara positif dan signifikan terhadap nilai perusahaan (PBV), sedangkan dividend payout ratio dan return on equity tidak berpengaruh terhadap nilai perusahaan (PBV). Koefisien determinasi (R2) sebesar 0,9378 atau sebesar 93,78%.  Ini menunjukkakn bahwa 93,78%  nilai perusahaan (PBV) dipengaruhi oleh debt to equity ratio, dividend payout ratio dan.  return on equity.  Sedangkan sisanya sebesar 6,22% nilai perusahaan (PBV) dipengaruhi oleh faktor lain

scholarly journals PENGARUH LEVERAGE DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING (Studi kasus pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2012-2016)

2018 ◽  
Vol 2 (1) ◽  
Author(s):  
Ridho Ramadhani ◽  
Akhmadi Akhmadi ◽  
Muhammad Kuswantoro
Keyword(s):  
Regression Analysis ◽  
Firm Value ◽  
Dividend Policy ◽  
Significant Positive Effect ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Book Value ◽  
Company Value ◽  
Equity Ratio ◽  
Positive Effect

This study aims to examine the effect of leverage proxyed by Debt to Equity Ratio (DER) and profitability proxy with Return On Assets (ROA) to company value proxy with Price to Book Value (PBV) through dividend policy proxy with Dividend Payout Ratio (DPR) as an intervening. The study was conducted on 37 manufacturing companies using multiple regression analysis with the help of SPSS version 19.00. The result of the research shows that leverage has significant positive effect to company value; profitability has a significant positive effect on firm value; leverage has no effect on dividend policy; profitability has a positive effect on dividend policy and dividend policy has a positive effect on firm value. The dividend policy can’t mediate the indirect effect between leverage and profitability on firm value.

scholarly journals Determinan Nilai Perusahaan Sebelum dan pada Masa Pandemic Covid-19

2021 ◽  
Vol 3 (2) ◽  
pp. 79-89
Author(s):  
Sri Ambarwati ◽  
Tri Astuti ◽  
Salsabila Azzahra
Keyword(s):  
Firm Value ◽  
Company Size ◽  
Return On Assets ◽  
Current Ratio ◽  
Return On Equity ◽  
Significant Negative Effect ◽  
Company Value ◽  
Net Profit ◽  
Negative Effect ◽  
Equity Ratio

This study aims to see the condition of companies in the consumer goods industry sector before the pandemic and during the pandemic using indicators such as Current Ratio, Debt to Equity Ratio (DER), Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin ( NPM) and company size against firm value. In the period before and during the Covid-19 PandemicThe method used in this research is quantitative method using secondary data from the company's financial statements for the first quarter until third quarter of 2019 and 2020 using regression method and different test Paired Sample t Test. . The results of this study indicate that (1) the Current Ratio before the Covid-19 pandemic had a significant negative effect on firm value, while Current The ratio during the Covid-19 pandemic did not have a significant effect on the firm value variable, (2) the Debt to Equity Ratio before the Covid-19 pandemic had a significant negative effect on the firm value variable, while the Debt to Equity Ratio during the Covid-19 pandemic had no significant effect on company value, (3) Return on Assets before and during the Covid-19 pandemic did not have a significant effect on the firm value variable, (4) Return on Equity before and during the Covid-19 pandemic had no significant effect on firm value, (5) Net Profit margin has a significant negative effect on firm value before and during pandemi Covid-19, and (6) company size has a significant positive effect on company value before and during the Covid-19 pandemic.

PENGARUH CURRENT RATIO, DEBT TO EQUITY RATIO DAN RETURN ON EQUITY TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR

2020 ◽  
Vol 4 (2) ◽  
pp. 53-67
Author(s):  
Ameilia Damayanti ◽  
Rianto Rianto
Keyword(s):  
Regression Analysis ◽  
Firm Value ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Current Ratio ◽  
Return On Equity ◽  
Company Value ◽  
Analysis Technique ◽  
Equity Ratio ◽  
The Many

Current ratio, Debt to Equity Ratio, and Return on Equity are some of the many factors that are thought to have an influence on company value. Several studies have also used these factors as variables. Therefore, this study aims to test and reaffirm the results of previous studies with mixed conclusions. The sample of this study was 100 companies in manufacturing companies listed on the Indonesia Stock Exchange in the period 2018. The analysis technique used in this study is multiple regression analysis. The results showed that partially Current ratio, Debt to Equity Ratio had no significant effect on Company Value, while Profitability had a significant effect on Company Value. Simultaneously testing shows that current ratio, debt to equity ratio, and return on Equity have a significant effect on firm value.             

scholarly journals PENGARUH UKURAN PERUSAHAAN, PROFITABILITAS, KEBIJAKAN DEVIDEN, DAN KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN (Studi Penggunaan Indeks LQ-45 Periode 2010 -2014)

2016 ◽  
Vol 1 (2) ◽  
pp. 156
Author(s):  
Henri Dwi Wahyudi ◽  
Chuzaimah Chuzaimah ◽  
Dani Sugiarti
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Corporate Value ◽  
Dividend Payout ◽  
Return On Equity ◽  
Company Value ◽  
Regression Test ◽  
A Company

A company aimed and tried to maximize shareholder prosperity. Shareholder prosperity was reflected by company value. This study aimed to review the effect of firm size, Dividend Payout Ratio, Return on Equity, and Price Earning Ratio on firm value among ILQ45 companies registered in The Indonesia Stock Exchange. Populations of this study were firms registered in The Indonesia Stock Exchange of the year 2010 – 2014. The research used purposive sampling method based on determined criteria. There were 22 firms with totally 110 data. After the outliers process, there were 18 with totally 90 data samples. Based on these data, this study carried a classic assumption analysis using multiple regression data with SPSS16. The regression test resulted: (1) Firm size positively influenced and not significant to firm value; (2) Dividend Payout Ratio positively influenced and not significant to firm value; (3) Return on Equity positively influenced and not significant to firm value; (4) Price Earning Ratio positively influenced and not significant to corporate value.

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