scholarly journals EFFECT OF PROFITABILITY, INVESTMENT DECISION ON COMPANY VALUE IN MANUFACTURING COMPANY LISTED IN INDONESIA STOCK EXCHANGE

Develop ◽  
2018 ◽  
Vol 2 (2) ◽  
pp. 21
Author(s):  
Ayu Karnulis Setiyorini ◽  
Chandra Kartika
Keyword(s):  
Stock Exchange ◽  
Investment Decision ◽  
Total Asset ◽  
Book Value ◽  
Purposive Sampling ◽  
Company Value ◽  
Manufacturing Company ◽  
Asset Growth

Penelitian ini bertujuan untuk menguji pengaruh profitabilitas dan keputusan investasi terhadap nilai perusahaan. Return On Asset (ROA) digunakan sebagai proksi profitabilitas, Total Asset Growth (TAG) sebagai proksi keputusan investasi, dan  Price Book Value (PBV) sebagai proksi nilai perusahaan. Metode pengambilan sampel menggunakan metode purposive sampling, yaitu menggunakan sampel dengan pertimbangan – pertimbangan tertentu , perusahaan yang terdaftar dalam Bursa Efek Indonesia selama periode 2017 – 2018. Sampel yang digunakan adalah 4 perusahaan yang terdaftar dalam Bursa Efek Indonesia. Metode analisis yang digunakan trianggulasi yaitu analisis regresi linier berganda. Hasil penelitian ini secara parsial menunjukkan bahwa profitabilitas (ROA) dan keputusan investasi (TAG) berpengaruh positif dan signifikan terhadap nilai perusahaan (PBV).  Secara simultan, kedua variabel independen  tersebut  mempengaruhi variabel nilai perusahaan (PBV), namun nilai perusahaan tidak hanya dipengaruhi oleh social-faktor internal, nilai perusahaan juga dipengaruhi oleh social eksternal seperti tingkat suku bunga, tingkat inflasi, kurs mata uang dan situasi social politik.Kata Kunci: Nilai perusahaan (PBV), profitabilitas (ROA), keputusan investasi (TAG).

scholarly journals Pengaruh Keputusan Investasi, Keputusan Pendanaan dan Profitabilitas Terhadap Nilai Perusahaan dengan Kebijakan Deviden sebagai Variabel Intervening

2021 ◽  
Vol 3 (2) ◽  
pp. 239-250
Author(s):  
Usman Sarif ◽  
Dwi Suprajitno
Keyword(s):  
Total Asset ◽  
Dividend Payout ◽  
Book Value ◽  
Purposive Sampling ◽  
Equity Ratio ◽  
Asset Growth

Penelitian ini bertujuan untuk menguji pengaruh keputusan investasi (Total Asset Growth), keputusan pendanaan (Debt to Equity Ratio) dan profitabilitas (Return on Asset) terhadap nilai perusahaan (Price Book Value) dengan menggunakan kebijakan dividen (Dividend Payout Ratio) sebagai variabel intervening. Sampel yang digunakan dalam penelitian ini terdiri dari 13 perusahaan Index Sri-Kehati yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2016- 2019. Pengambilan sampel dilakukan dengan metode purposive sampling Selain itu, analisis jalur (path analisis) digunakan untuk menguji kekuatan pengaruh tidak langsung variabel independen terhadap variabel dependen melalui variabel intervening. Hasil penelitian menunjukkan bahwa ROA dan DER berpengaruh langsung dan signifikan terhadap DPR, sedangkan TAG tidak berpengaruh terhadap DPR. DER dan ROA berpengaruh langsung dan signifikan terhadap PBV sedangkan TAG dan DPR tidak berpengaruh terhadap PBV. Berdasarkan hasil analisis jalur, TAG, DER dan ROA terhadap PBV tidak dapat dimediasi melalui DPR.

scholarly journals ANALISIS PENGARUH CAPM BETA, FIRM SIZE, BOOK TO MARKET RATIO, DAN MOMENTUM TERHADAP RETURN SAHAM

2019 ◽  
Vol 3 (2) ◽  
pp. 1
Author(s):  
Alex Tumpal Hutajulu ◽  
Evita Puspitasari
Keyword(s):  
Firm Size ◽  
Stock Return ◽  
Stock Exchange ◽  
Market Value ◽  
Total Asset ◽  
Predictive Capability ◽  
Book Value ◽  
Purposive Sampling ◽  
Book To Market Ratio ◽  
Capm Beta

This research is performed to examine influence of capm beta, firm size, book to market ratio, and momentum on stock return in companies that listed on the Indonesia Stock Exchange. The population in this research was manufacture companies that listed on the Indonesia Stock Exchange during 2012-2014 with purposive sampling. Variables used in this research are capital gain (return), natural logarithma total asset (firm size), the ratio of book value to market value (book to market ratio), and return t-12 (momentum). The results shows that beta, firm size, book to market ratio and momentum simultaneously have a significant impact toward stock return. The conclusion based on partial test are (1) book to market ratio and momentum have a positive significance influence toward stock return (2) beta has negative insignificance influence toward stock return and firm size has positive insignificance influence toward stock return. Predictive capability of independent variabel in this research to stock return is 34,09% while other 65,91% was influenced by other factors.

scholarly journals PENGARUH TOTAL ASSET, GROWTH, DAN DER, TERHADAP NILAI PERUSAHAAN DENGAN ROA SEBAGAI VARIABEL MEDIASI (Studi Pada Perusahaan Manufaktur yang Listed Di Bursa Efek Indonesia Tahun 2014-2016)

Solusi ◽  
2020 ◽  
Vol 18 (2) ◽  
Author(s):  
Adhi Widyakto ◽  
Teguh Ariefiantoro
Keyword(s):  
Signaling Theory ◽  
Performance Theory ◽  
Total Asset ◽  
Book Value ◽  
Purposive Sampling ◽  
Scale Theory ◽  
Size Growth ◽  
Equity Ratio ◽  
Asset Growth

<p>Studi ini dilakukan berdasarkan dua hal:  Pertama, fenomena bahwa selama tahun 2014, 2015, 2016 banyak perusahaan industri manufaktur yang terdaftar pada Bursa Efek Indonesia, mempunyai <em>Price Book Value (PBV)</em> lebih kecil dari satu. Pertanyaannya adalah mengapa fenomena itu terjadi.  Kedua, beberapa studi yang berkaitan dengan pertanyaan tersebut menghasilkan temuan yang berbeda. Timbul pertanyaan tentang factor determinan dari PBV.  Apakah PBV dipengaruhi <em>Size, Growth, Debt Equity Ratio</em> dan <em>ROA</em>, serta apakah <em>ROA</em> merupakan veriabel mediasi dari pengaruh  <em>Size, Growth, </em>terhadap <em>PBV</em>. </p><p>Penelitian ini menggunakan empat macam teori, yaitu; <em>signaling theory</em>, <em>economic of scale theory</em> dan <em>performance theory</em>. Data penelitian ini adalah data<em> </em>panel<em> </em>dengan sampel sebanyak 75  dari 110 perusahaan selama tahun 2014, 2015 dan 2016.  Pengambilan sampel berdasarkan purposive sampling. Analisis menggunakan model regresi dengan ROA sebagai variabel mediasi. </p><p>Hasil temuan utama studi ini adalah; pengaruh <em>Size </em>terhadap<em> ROA </em>positif signifikan<em>, </em>pengaruh<em> Growth </em>terhadap<em> ROA </em>positif signifikan<em>.  Size  </em>berpengaruh secara signifikan terhadap<em> PBV </em>baik secara langsung maupun tidak langsung melalui<em> ROA </em>sebagai variabel mediasi<em>.  </em>Pengaruh langsung dari<em> Growth </em>dan<em> DER </em>ternyata tidak signifikan.  Pengaruh<em> ROA </em>terhadap<em> PBV </em>adalah positif <em> </em>signifikan<em>, ROA </em>juga secara signifikan merupakan variabel mediasi dari pengaruh <em>Size, Growth, </em>terhadap<em> PBV.  </em>Hasil temuan dengan model ROA sebagai variabel mediasi diharapkan dapat memberikan sumbangan baru bagi studi dibidang manajemen keuangan. </p><p align="center"><strong> </strong></p><p>Kata Kunci: <em>Size, Growth, ROA, DER</em> dan <em>PBV</em></p>

scholarly journals Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Mediasi (Studi Pada Perusahaan BUMN yang terdaftar di Bursa Efek Indonesia Periode Tahun 2016-2018)

2020 ◽  
Vol 12 (1) ◽  
pp. 77-94
Author(s):  
Hamdan Arif Fatoni Fatoni
Keyword(s):  
Corporate Governance ◽  
Stock Exchange ◽  
Sample Selection ◽  
Partial Least Square ◽  
Least Square ◽  
Return On Assets ◽  
Book Value ◽  
Purposive Sampling ◽  
Company Value ◽  
Good Corporate Governance

Salah satu tujuan perusahaan adalah untuk meningkatkan kesejahteraan atau memaksimalkan kekayaan pemegang saham (stockholders) melalui peningkatan nilai perusahaan. Nilai perusahaan dapat dipengaruhi oleh bebrapa faktor, diantaranya ialah jumlah aset perusahaan dan seberapa lama perusahaan berdiri dan juga melalui tata kelola perusahaan yang baik atau good corporate governance (GCG). Nilai suatu perusahaan dapat dikatakan baik apabila tata kelola perusahan dilaksanakan dengan baik. Dengan menerapkan GCG yang baik akan meningkatkan keuntungan dan mengurangi risiko kerugian di masa yang akan datang sehinga dapat mengangkat nilai perusahaan.  Tujuan penelitian ini untuk mengetahui bagaimana pengaruh Good Corporate Governance (GCG) secara langsung dan tidak langsung dengan adanya profitabilitas terhadap nilai perusahaan. Penelitian ini dilakukan pada perusahaan BUMN yang terdaftar di Bursa Efek Indonesia (BEI) pada tahun 2016-2018. Pemilihan sampel dalam penelitian ini berdasarkan metode purposive sampling dan diperoleh 16 perusahaan sampel dengan menggunakan teknik analisis data Partial Least Square (PLS).             Dari hasil penelitian menunjukkan bahwa Good Corporate Governance (GCG) berpengaruh signifikan terhadap nilai perusahaan. Good Corporate Governance (GCG) berpengaruh tidak signifikan terhadap profitabilitas dengan proksi Return On Asset. Profitabilitas dengan proksi Return On Asset berpengaruh tidak signifikan terhadap nilai perusahaan dengan proksi Price Book Value. Good Corporate Governance (GCG) berpengaruh tidak signifikan secara tidak langsung terhadap nilai perusahaan yang diukur dengan Price Book Value melalui profitabilitas yang diukur dengan Return on Asset. Kata Kunci: Good Corporate Governance (GCG), Nilai Perusahaan, Profitabilitas   Abstrac   One of the company's goals is to increase welfare or maximize the wealth of shareholders (stockholders) by increasing the value of the company. Company value can be influenced by several factors, including the amount of company assets and how long the company stands and through Good Corporate Governance (GCG). The value of a good company as if the governance of the company is implemented well. By implementing good, GCG will increase profits and reduce the risk of loss in the future. So it can lift the value of the company. The purpose of this study is to determine the effects of Good Corporate Governance (GCG) both directly and indirectly with profitability on a company value. This research is conducted at state-owned companies listed on the Indonesia Stock Exchange (IDX) in 2016-2018. The sample selection of this study is based on the purposive sampling method and obtained 16 sample companies using Partial Least Square (PLS) data analysis techniques.             The results of this study indicated that Good Corporate Governance (GCG) impacted the significant effect on company value. Good Corporate Governance (GCG) has no impact on profitability with the Return On Assets proxy. While profitability with the Return On Asset proxy is not affected by the value of the company with a Value Book Value proxy. Good Corporate Governance (GCG) has an indirect effect on the value of the company as measured by the Price of the Book Price through profitability using Return on Assets. Keyword: Keywords: Good Corporate Governance (GCG), Company Value, Profitability

scholarly journals Investment Decisions through Total Asset Growth toward Price to Book Value on the Jakarta Islamic Index

2021 ◽  
Vol 12 (1) ◽  
pp. 63-74
Author(s):  
Syaugi Syaugi ◽  
Aulia Rahmah
Keyword(s):  
Stock Price ◽  
Time Series Data ◽  
Investment Decision ◽  
Investment Decisions ◽  
Study Data ◽  
Total Asset ◽  
Series Data ◽  
Book Value ◽  
Investment Decision Making ◽  
Asset Growth

This research analyzes the effect of investment decisions through Total Asset Growth (TAG) on Price to Book Value (PBV). Since PVB indicates stock measurement based on the ratio of stock price to book value, it is used by investors to assess the price offered. This research uses time-series data from 2014-2020 to examine seven companies selected using purposive sampling but based on fairly good asset developments from 2014 to 2020. Furthermore, this quantitative causal study data were collected using documentation from various sources and analyzed using a simple linear regression test. The results show that the TAG variable has no effect on PBV with a significance value of 0.89 0.05. This shows that TAG does not describe a stable company and is not always useful in investment decision-making.

scholarly journals Pengaruh Keputusan Investasi Dan Keputusan Pendanaan Terhadap Nilai Perusahaan

2020 ◽  
Vol 9 (1) ◽  
pp. 30-38
Author(s):  
Siti Wardani Bakri Katti
Keyword(s):  
Regression Analysis ◽  
Real Estate ◽  
Stock Exchange ◽  
Investment Decision ◽  
Analysis Data ◽  
Funding Decision ◽  
Purposive Sampling ◽  
Company Value ◽  
Test Result

This research is aimed to know the influence of invesment decision and funding decision partially and simultaneously toward company value at property and real estate companies listed in the Indonesia Stock Exchange from 2014 to 2017. The sample uses the method of purposive sampling. The populations of this research are all companies of property and real estate. The population of 48 companies obtained by 27 companies is as research sample. The analysis data uses the multiple linier regression analysis. Based on the analysis data can be concluded that the investment decision influences significantly toward the company value. The funding decision influences significantly toward the company value. The test result of model suitability shows the investment decision and funding decision influence significantly toward the company value. The value of determination of coefficient  (R2) about 0.511 shows that the influence of investment decision and funding decision toward company value about 51,1%, and the remains are 48,9% are influenced by other variability outside of the research. Keywords—: Investment Decision; Funding Decision; Company Value; Property and Real Estate.

scholarly journals The Effects of Technical and Fundamental Factors on the Investment Decision and the Company Value in the Agricultural Sector

2020 ◽  
Vol 1 (6) ◽  
pp. 411-425
Author(s):  
Mamay Komarudin ◽  
Naufal Affandi
Keyword(s):  
Stock Price ◽  
Trading Volume ◽  
Agricultural Sector ◽  
Stock Exchange ◽  
Investment Decision ◽  
The Other ◽  
Book Value ◽  
Positive Effects ◽  
Company Value ◽  
Equity Ratio

This study aims to analyze the influences of technical variables, which consist of the stock price and the Total Volume Activity (TVA), as well as fundamental variables, which consist of the Price Book Value (PBV) and the Debt to Equity Ratio (DER) on the investment decisions and the company value measured by using the PER of some companies of agricultural sector listed in the Indonesian Stock Exchange. Path analysis is used as the data analysis method. The research results show that one of the technical factors that significantly influences the investment decision and the company value is the stock price. Meanwhile, one of the fundamental factors that influences the investment decision and the company value is the PBV. The hypothesis testing showing that the stock price factor and the PBV factor have positive effects on the value of agricultural sector company is proven or accepted. On the other hand, the other variables, according to theorema trimming, are proved to be not includable in the path calculation if the path is proved to be insignificant, in this case the DER and the trading volume variable

scholarly journals The Effect of Leverage, Profitability, Liquidity, and Asset Growth on Corporate Value of Consumption Goods Sectors Listed in Idonesia Stock Exchange in 2015-2018

2020 ◽  
Vol 5 (8) ◽  
pp. 626-634
Author(s):  
Naelly . ◽  
Matrodji Mustafa
Keyword(s):  
Consumer Goods ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Statements ◽  
Book Value ◽  
Company Value ◽  
Panel Data Regression ◽  
Equity Ratio ◽  
Asset Growth ◽  
A Company

The value of companies in the consumer goods sector listed on the IDX in the 2015-2018 period tends to fluctuate. Company value can reflect the prosperity of a company. The value of the company is also a consideration for investors to invest. One indicator used to measure the high and low values of a company is to look at the company's Price to Book Value (PBV). By analyzing a company's financial statements, it can be seen whether the company has a high or low investment value. The financial ratios reflected in the financial statements are thought to affect the value of the company. This study intends to examine the effect of Debt Equity Ratio (DER), Return on Assets (ROA), Current Ratio (CR), and Asset Growth on Price to Book Value (PBV). The sampling technique used purposive sampling and obtained a sample of 20 consumer goods sector companies listed on the Indonesia Stock Exchange in the 2015-2018 period. The research method uses panel data regression analysis. From the results of the study concluded that DER, ROA, and Asset Growth had a positive and significant effect on PBV, whereas CR had a negative and not significant effect on PBV.

scholarly journals ANALISIS PENGARUH FAKTOR-FAKTOR YANG MEMPENGARUHI HARGA SAHAM PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 1 (1) ◽  
pp. 115
Author(s):  
Natalis Christian ◽  
Frecky Frecky
Keyword(s):  
Firm Size ◽  
Sampling Method ◽  
Stock Exchange ◽  
Market Price ◽  
Total Asset ◽  
Dividend Yield ◽  
Return On Equity ◽  
Book Value ◽  
Purposive Sampling ◽  
The Impact

<p><em>This research aims to analyze the impact of financial factors on </em><em>market price</em><em> in companies listed on the Indonesia Stock Exchange. The independent variables to be analyzed in this research namely return on equity, book value per share, earning per share, dividend per share, dividend yield, price earning and debt to total asset, and with the control variables namely firm size. 121 firms for the period of 2012-2016 used for sample which selected by using purposive sampling method. Software SPSS version 22.0 and Eviews Version 7 for windows are used to test in this research. The results of this research showed that return on equity, book value per share, earning per share, dividend per share, </em><em>and </em><em>firm size positively significant on market price while dividend yield </em><em>show negatively significant </em><em>on market price.</em><em> This result also show price earnings positively insignificant and debts to total assets negatively insignificant on market price.</em><em></em></p><p>Penelitian ini bertujuan untuk menganalisa dampak atas faktor-faktor keuangan terhadap harga saham pada perusahaan yang terdaftar di Bursa Efek Indonesia. Variabel independen yang dianalisa dalam penelitian ini adalah <em>return on equity, book value per share, earning per share, dividend per share, dividend yield, price earning </em>dan<em> debt to total asset</em>, serta ukuran perusahaan sebagai variabel kontrol. Selama periode 2012-2016 sebanyak 121 perusahaan dipilih sebagai objek dalam penelitian ini dengan menggunakan metode <em>purposive sampling</em>. Pengujian data dalam penelitian ini menggunakan <em>software</em> SPSS versi 22.0 dan Eviews versi 7. Hasil penelitian ini menunjukkan bahwa <em>return on equity, book value per share, earning per share, dividend per share</em> dan ukuran perusahaan berpengaruh signifikan positif terhadap harga saham sedangkan<em> dividend yield</em> berpengaruh signifikan negatif terhadap harga saham. Penelitian ini juga menemukan bahwa walaupun <em>price earning</em> dan <em>debts to total assets</em> tidak memiliki pengaruh signifikan terhadapa harga saham, <em>price earning</em> berpengaruh positif dan <em>debts to total assets</em> berpengaruh negatif terhadap harga saham.</p>

Peran kepemilikan institusional, perencanaan pajak dan dewan komisaris asing terhadap nilai perusahaan

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Anita Ade Rahma ◽  
Lisa Nabawi ◽  
Ronni Andri Wijaya
Keyword(s):  
Significant Influence ◽  
Firm Value ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Total Sample ◽  
Tax Planning ◽  
Purposive Sampling ◽  
Institutional Leadership ◽  
Company Value

The purpose of this study is to analyze the role of institutional leadership, tax planning and foreign board of commissioners on firm value. The population in this study were 615 companies listed on the Indonesia Stock Exchange in 2015-2017. The sample was chosen using purposive sampling to get a total sample of 325 companies with a total of 975 observations of company data. The results of this study indicate that institutional leadership and tax planning have no role in increasing company value. While the foreign board of commissioners showed a significant influence on the value of the company. This proves that there is a need for diversity in the structure of the board that can trigger an increase in the value of the company. In addition, the presence of a foreign board is needed for the progress of the companyKeywords: Investment decisions; funding decisions; dividend policy; company value

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