Tobin’s Q Ratio Sebagai Alat Ukur Nilai Perusahan Bank Syariah

Firm value is a measure of the success of management in managing company assets. Every shareholder always hopes that every fund invested can contribute to their prosperity. Through the measurement of company value, it will be known the success of the management in meeting the expectations of shareholders. This study aims to determine the value of Islamic banking companies in Indonesia that have sold their shares to the public (go public). The number of samples is 3 (three), Islamic Banks, with a data observation period starting from 2018 to 2020. Secondary data were obtained through the websites www.idx.co.id and www.idnfinancials.com, the data analysis method used was quantitative descriptive. The conclusion that can be drawn is that the company value of Islamic banks has a good ratio, it is known that the Tobin's Q ratio of all Islamic banks is greater than 1 in the 2018-2020 period, which means that management can manage company assets well and can meet shareholders expectations. In general, the performance of Islamic banks in Indonesia has increased which is known from the average Tobin's Q ratio which increases every year, so it is known that the company's management performance is getting more optimal.

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Determinants of Capital Structure and Their Effect to Company’s Value: Study in LQ 45 Companies Listed in Indonesia Stock Exchange

Academic Journal of Interdisciplinary Studies ◽

10.36941/ajis-2020-0051 ◽

2020 ◽

Vol 9 (3) ◽

pp. 156

Author(s):

Andi Kartika ◽

Sunarto Sunarto ◽

Faisal Riza Rahman ◽

Zaky Machmuddah

Keyword(s):

Capital Structure ◽

Stock Exchange ◽

Secondary Data ◽

Least Square ◽

Future Research ◽

Tobin’S Q ◽

Analysis Method ◽

Tobin's Q ◽

Dependent Variables ◽

The Relationship

The aim of the research is to analyse the effect of profitability, liquidity, and company’s size to company’s value and examines whetherDERis a mediating variable. Secondary data is taken from annual report of the companies. Analysis method used is multiple regression analysis (least square). The finding of the research showed thatDER mediated the relationship between CR andTobin’s Q. However DER is not a mediating variable for the relationship betweenRNOAand TOBINas well as between SIZE and Tobin’s Q. Mediating test is conducted by Sobel Test. The other finding is that RNOA positively affects to DER. CR negatively affects to DER. SIZE positively affects to DER and then DER negatively affects to Tobin’s Q. Recommendation for future research is to widen the samples, not just 42 companies, to add observed periods to give clearer description in long term.The next research can also use other dependent variables affecting capital structure and company’s value.

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

Jurnal Inspirasi Bisnis dan Manajemen ◽

10.33603/jibm.v3i1.2079 ◽

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.

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FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN PADA PERUSAHAAN PERDAGANGAN, JASA DAN INVESTASI YANG TERDAFTAR DI ISSI

Jurnal Ekonomi Syariah Teori dan Terapan ◽

10.20473/vol6iss201910pp2008-2023 ◽

2020 ◽

Vol 6 (10) ◽

pp. 2008

Author(s):

Nadia Laksmita Sari ◽

Puji Sucia Sukmaningrum

Keyword(s):

Firm Value ◽

Managerial Ownership ◽

Tobin’S Q ◽

Current Ratio ◽

Tobin's Q ◽

Return On Equity ◽

Turnover Ratio ◽

Company Value ◽

Negative Effect ◽

Ratio Variables

This research aims to find out the factors that influence company value (Tobin’s Q) trade, services and investment registered at ISSI during 2013-2017. This study uses a quantitative approach with panel data regression analysis techniques. The results of this study shows that managerial ownership, Return On Equity, Current Ratio, Debt To Asset Ratio, Total Assets Turnover Ratio simultaneously have a significant effect on firm value (Tobin’s Q). Partially managerial ownership variable has a significant negative effect, the Return On Equity variable has a positive significant effect, the Current Ratio and Debt To Asset Ratio variables have a positive insignificant effect and the Total Assets Turnover Ratio has a negative but not significant effect on firm value (Tobin’s Q).Keywords: Managerial Ownership, Return On Equity, Current Ratio, Debt to Asset Ratio, Total Asset Turnover Ratio, Tobin’s Q

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PENGARUH PROFITABILITAS TERHADAP NILAI PERUSAHAAN PERHOTELAN DAN PARIWISATA DENGAN STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING

Jurnal Ilmiah Bisnis dan Ekonomi Asia ◽

10.32812/jibeka.v14i1.153 ◽

2020 ◽

Vol 14 (1) ◽

pp. 46-57

Author(s):

Robiyanto Robiyanto ◽

Ilma Nafiah ◽

Harijono Harijono ◽

Komala Inggarwati

Keyword(s):

Capital Structure ◽

Firm Value ◽

Stock Exchange ◽

Panel Regression ◽

Tobin’S Q ◽

Tobin's Q ◽

Insignificant Effect ◽

Company Value ◽

Research Show ◽

The Capital Structure

This study aims to examine the effect of profitability on firm value with capital structure as an intervening variable. The population of this study is hotel, restaurant and tourism firms listed on the Indonesia Stock Exchange (IDX), during 2012-2016, with 75 samples selected by using purposive sampling. Analysis of this study using panel regression analysis. This study of the research show that (1) profitability as measured by ROA and ROE has a negative and significant effect on firm value as measured by PBV and profitability as measured by ROA and ROE has a negative and insignificant effect on firm value as measured by Tobin's Q, (2) profitability has a negative and significant effect on the capital structure, (3) the capital structure as measured by DER has a positive and significant effect on firm value as measured by PVB and the capital structure as measured by DER has a positive and insignificant effect on company value as measured by Tobin's Q and (4) capital structure as an intervening variable negatively influences the effect of profitability on firm value.

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STRUKTUR MODAL DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING. (STUDI KASUS PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI BARANG KONSUMSI YANG TERDAFTAR DI BEI PERIODE 2016-2018).

JURNAL ILMIAH EDUNOMIKA ◽

10.29040/jie.v4i02.1219 ◽

2020 ◽

Vol 4 (02) ◽

Author(s):

Anindiya Mustika Gunarwati ◽

Siti Maryam ◽

Sudarwati Sudarwati

Keyword(s):

Capital Structure ◽

Firm Size ◽

Firm Value ◽

Stock Exchange ◽

Sampling Technique ◽

Company Size ◽

Manufacturing Companies ◽

Descriptive Research ◽

Company Value ◽

Quantitative Descriptive

The purpose of this study was to determine the effect of Capital Structure and Firm Size on Firm Value with Profitability as Intervening Variables. (Case Study on Manufacturing Companies in the Consumer Goods Industry Sector which are listed on the Indonesia Stock Exchange for the 2016-2018 Period). This research uses quantitative descriptive research type. Sample 27 companies using Purposive sampling technique. The analysis method uses path analysis with SPSS software version 21.Based on the test result min this study that the variable capital structure and company size have a positive and significant effect on profitability. Capital structure has no effect on firm value, firm size and profitability affect company value, and profitability is able to mediate the effect of capital structure and firm size on firm value. Keywords: capital structure, company size, profitability and firm value.

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Pengukuran Kinerja Perusahaan Menggunakan Pendekatan Objektif dan Subjektif

10.31219/osf.io/zufgw ◽

2020 ◽

Author(s):

Raymond Lim

Keyword(s):

Firm Value ◽

Likert Scale ◽

Tobin’S Q ◽

Tobin's Q ◽

Value Growth

Mengukur kinerja perusahaan berdasarkan pendekatan objektif dan subjektif. Pengukuran secara objektif dilakukan dengan menggunakan ROA, Tobin's Q, TFP, dan firm value growth. Di sisi lain, pengukuran subjektif dilakukan dengan mengunakan likert scale.

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Pengaruh Struktur Kepemilikan Terhadap Manajemen Laba dan Dampaknya Terhadap Nilai Perusahaan

JURNAL EKONOMI PERJUANGAN ◽

10.36423/jumper.v1i2.359 ◽

2020 ◽

Vol 1 (2) ◽

Author(s):

Rita Tri Yusnita

Keyword(s):

Earnings Management ◽

Ownership Structure ◽

Consumer Goods ◽

Firm Value ◽

Stock Exchange ◽

Secondary Data ◽

Industry Sector ◽

Company Value ◽

Partial Ownership ◽

Consumer Goods Industry

This study aims to determine the effect of simultaneous and partial ownership structure and earnings management on firm value in the Consumer Goods Industry Sector Companies that are listed on the Indonesia Stock Exchange in 2014. The method used in this study is the census method. The population studied was 32 companies in the Consumer Goods Industry Sector that were listed on the Indonesia Stock Exchange in 2014. The data collected were secondary data. Analysis of the data in this study used path analysis using SPSS V. 24. The results showed that the ownership structure and earnings management, simultaneously, had a significant effect on the value of the company in the Consumer Goods Industry Sector Companies that were listed on the Indonesia Stock Exchange in 2014. The ownership structure, partially, has no significant effect on the value of the company in the Consumer Goods Industry Sector Companies listed on the Indonesia Stock Exchange in 2014. Earnings management, partially, has a significant effect on the firm value of the Consumer Goods Industry Sector Companies that are listed on the Exchange Indonesian Securities in 2014, and ownership structure does not significantly influence earnings management in the Consumer Goods Industry Sector Companies that are listed on the Indonesia Stock Exchange in 2014. Keywords: ownership structure, earnings management, company value

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Efficiency and Rentability of Islamic Banks in Indonesia

INOVATOR ◽

10.32832/inovator.v9i1.2972 ◽

2020 ◽

Vol 9 (1) ◽

pp. 41

Author(s):

Sugeng Haryanto ◽

Yanuar Bachtiar ◽

Wildani Khotami

Keyword(s):

Secondary Data ◽

Capital Adequacy ◽

Islamic Banks ◽

Bank Efficiency ◽

Macroeconomic Factors ◽

Analysis Technique ◽

Capital Adequacy Ratio ◽

Operating Margin ◽

Financing Risk ◽

Quantitative Descriptive

<table border="1" cellspacing="0" cellpadding="0"><tbody><tr><td valign="top" width="454"><p><em>This study aims to analyze the influence of macroeconomic factors, efficiency, risk, financing to deposit ratio and CAR on the rentability of Islamic banks. This research is a quantitative descriptive. The study period was conducted in 2010-2019, with quarterly data. The data source is secondary data. Data collection techniques are done by documentation. Data is taken from www.ojk.go.id and www.bi.go.id. The type of data used is quantitative data. The research variables are rentability, efficiency, financing risk, FDR, Capital Adequacy Ratio (CAR) and macroeconomic data in the form of GDP and inflation. Rentability is measured by Nett operating margin (NOM), bank efficiency is measured using BOPO and financing risk is measured by non-performing financing (NPF). The analysis technique used is multiple linear regression. The results showed that the GDP variable did not affect rentability. Efficiency, risk, and CAR affect rentability. FDR does not affect rentability</em><em>.</em></p></td></tr></tbody></table>

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Pengaruh Profitability, Growth Opportunities Dan Leverage Terhadap Nilai Perusahaan Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia

Journal of Management Science (JMS) ◽

10.52103/jms.v1i1.49 ◽

2020 ◽

Vol 1 (1) ◽

pp. 14-35

Author(s):

Nurwahyuni ◽

Masdar Mas'ud ◽

Syamsu Alam ◽

Asdar Djamareng

Keyword(s):

Capital Market ◽

Firm Value ◽

Stock Exchange ◽

Secondary Data ◽

Financial Statements ◽

Partial Least Square ◽

Least Square ◽

Manufacturing Companies ◽

Analysis Method ◽

Growth Opportunities

Penelitian ini bertujuan untuk menguji pengaruh profitabilitas, peluang pertumbuhan dan leverage terhadap nilai perusahaan pada perusahaan manufaktur yang terdaftar di bursa efek Indonesia. Data dalam penelitian ini diperoleh dari laporan keuangan perusahaan manufaktur yang terdaftar di BEI. Penelitian ini menggunakan data sekunder dengan mengamati dengan mengunjungi metode analisis data Pusat Informasi Pasar Modal (PIPM) menggunakan pendekatan Partial Least Square (PLS). Hasil penelitian menunjukkan bahwa: secara parsial, variabel profitabilitas dan peluang pertumbuhan memiliki pengaruh positif dan signifikan terhadap nilai perusahaan, sedangkan leverage berpengaruh negatif dan signifikan terhadap nilai perusahaan. This study aims to examine the effect of profitability, growth opportunities and leverage on firm value in manufacturing companies listed on the Indonesian stock exchange. The data in this study were obtained from the financial statements of manufacturing companies listed on the IDX. This study uses secondary data by observing by visiting the Capital Market Information Center (PIPM) data analysis method using the Partial Least Square (PLS) approach. The results showed that: partially, profitability and growth opportunities variables had a positive and significant effect on firm value, while leverage had a negative and significant effect on firm value.

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Pengaruh Ukuran Perusahaan, dan Leverange Terhadap Praktik Income Smoothing pada Bank Syariah

Jurnal EMT KITA ◽

10.35870/emt.v4i2.136 ◽

2020 ◽

Vol 4 (1) ◽

pp. 80

Author(s):

Syawal Harianto ◽

Haris Al Amin ◽

Yusmika Indah

Keyword(s):

Firm Size ◽

Secondary Data ◽

Fixed Effect Model ◽

Income Smoothing ◽

Islamic Banks ◽

Analysis Method ◽

Financial Leverage ◽

Effect Model ◽

Report Data ◽

Test Result

This research is to know the effect of firm size, and financial leverage to Income Smoothing practices is Islamic Banks. The data used is the secondary data with sourced from annual report data published by Islamic commercial banks and syariah business unit during 2016-2018 periods, samples research are 54 (fifty four) bank. Data analysis method using eviews with the fixed effect model. The result of the research shows that the simultan firm size and financial leverage have significant effect on Income Smoothing in Islamic banks.the partially, firm size an financial leverage has a positive and significant effect on income smoothin practices in Islamic banks City. The determination test result is 55%. Keywords: Firm Size, Financial leverage, Income Smoothing.

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