scholarly journals Determinant Factors of the Public Company’s Value which Listed in Indonesia Stock Exchange

2021 ◽  
Vol 4 (4) ◽  
Author(s):  
Mustaruddin Saleh ◽  
Keyword(s):  
Stock Exchange ◽  
Estimation Method ◽  
Sampling Technique ◽  
Fixed Effect Model ◽  
Share Price ◽  
Market Model ◽  
Book Value ◽  
Panel Data Estimation ◽  
Company Value ◽  
Effect Model

The study was conducted to evaluate and analyze the factors that influence the value of the company, using 3 (three) alternative regression models, namely the stock market value; share price to book value; and the rate of return as a proxy for company value. Using the stratified random sampling technique, 22 companies were listed on the Indonesia Stock Exchange over a 10-year period from 2009 to 2018. The appropriate panel data estimation method for analyzing the regression model in this study used the fixed effect model (FEM). Regression results show that the variable of debt to total asset (DAR), return of asset (ROA) and gross profit margin (GPM) significantly influenced the value of the company measured by price to book value (PBV) as the dependent variable. For further research has to pay attention to differences in industry characteristics and also consider to use of other variables, such as age the company and the level of risk of the company that measures with the market model, so that it is possible to get better estimation results.

scholarly journals Determinant Factors of the Public Company’s Value which Listed in Indonesia Stock Exchange

2021 ◽  
Author(s):  
Mustaruddin Saleh
Keyword(s):  
Stock Exchange ◽  
Estimation Method ◽  
Sampling Technique ◽  
Fixed Effect Model ◽  
Share Price ◽  
Market Model ◽  
Book Value ◽  
Panel Data Estimation ◽  
Company Value ◽  
Effect Model

The study was conducted to evaluate and analyze the factors that influence the value of the company, using 3 (three) alternative regression models, namely the stock market value; share price to book value; and the rate of return as a proxy for company value. Using the stratified random sampling technique, 22 companies were listed on the Indonesia Stock Exchange over a 10-year period from 2009 to 2018. The appropriate panel data estimation method for analyzing the regression model in this study used the fixed effect model (FEM). Regression results show that the variable of debt to total asset (DAR), return of asset (ROA) and gross profit margin (GPM) significantly influenced the value of the company measured by price to book value (PBV) as the dependent variable. For further research has to pay attention to differences in industry characteristics and also consider to use of other variables, such as age the company and the level of risk of the company that measures with the market model, so that it is possible to get better estimation results.

scholarly journals The Factors Affecting Dividend Policy: Empirical Study from Pharmaceutical’s Companies in Pakistan (PSX)

2020 ◽  
Vol 5 (5) ◽  
Author(s):  
Sajida Gul ◽  
Irfan Ullah ◽  
Hina Gul ◽  
Shahid Rasheed
Keyword(s):  
Dividend Policy ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Fixed Effect Model ◽  
Population Based ◽  
Free Cash Flow ◽  
Panel Var ◽  
Factors Affecting ◽  
Future Performance ◽  
Effect Model

The existing study intends to measure those factors that affect dividend policy by considering pharmasuitacal’s companies registered on PSX from 2013 to 2017. Population based on all sectors of Pakistan Stock Exchange (PSX) in which pharmaceutical’s companies taken as a sample by using census sampling technique because all companies of pharmaceutical sector were considered. Panel VAR model, fixed effect model (FAM) and also used a regression model to define the influence of IV on DV. The results revealed that has a significant effect of managerial ownership, debt policy, ROA, firm size and free cash flow on dividend policy. The findings of this study demonstrated that the company’s future performance has more concern for the betterment investors than current revenue. There should be active focus on the future aspects in order to improve firm performance.

scholarly journals PENGHINDARAN RISIKO, DIVERSIFIKASI PENDAPATAN DAN EFISIENSI INTERMEDIASI BANK DI INDONESIA

2017 ◽  
Vol 10 (1) ◽  
Author(s):  
Bang Jessica Santiyano ◽  
Kim Sung Suk
Keyword(s):  
Estimation Method ◽  
Fixed Effect Model ◽  
Risk Averse ◽  
Income Diversification ◽  
Bank Efficiency ◽  
Panel Data Estimation ◽  
Positive Effects ◽  
Effect Model ◽  
Negative Effect ◽  
Specific Factors

<p>This study aims to examine the effect of bank-specific factors, market structure and macroeconomic to intermediation efficiency of bank as measured by the spread. The data used as many as 99 conventional commercial banks in Indonesia from 2004 to 2013. Panel data estimation method uses the fixed effect model. Results showed that risk averse has positive effects on spread. Income diversification has negative effect on the spread. Other results show that bad loans and liquidity have negative effect on spread. While the operating costs, the market concentration, economic growth, and inflation has negativve effect on spread.<br />Keywords: bank efficiency, risk averse, income diversification</p>

scholarly journals Relevansi Nilai Earning per Share, Price Book Value, Cash Flow, Current Ratio dan Harga Saham: Return on Asset Sebagai Pemoderasi

2020 ◽  
Vol 12 (2) ◽  
pp. 187-202
Author(s):  
Arry Eksandy ◽  
Dirvi Surya Abbas
Keyword(s):  
Cash Flow ◽  
Stock Price ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Share Price ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Current Ratio ◽  
Book Value ◽  
Operating Cash Flow

The purpose of this study is to determine the results of Earnings Per Share, Book Value Equity, Operating Cash Flow, Investment Cash Flow, Funding Cash Flow, Current Ratio, Asset Returns and Asset Returns moderate Operating Cash Flow to Share Prices in manufacturing companies found in Indonesia stock exchange. This research population publishes manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2018 period. The sampling technique uses purposive sampling technique. Based on predetermined criteria the number of samples obtained by 9 companies. The type of data used in this study is secondary data using panel data regression analysis methods. The results showed that Earnings Per Share and Book Value of Equity showed a positive effect on the Share Price, then, Funding Cash Flow, Return on Assets and Return on Assets moderate the Operating Cash Flow negatively evaluating the Stock Price. Whereas Operating Cash Flow, Investment Cash Flow, and Current Ratio do not affect the stock price.  Keywords: Stock Prices, Cash Flow, Finance Ratio

scholarly journals The Influence of Earning Per Share, Price Earnings Ratio, and Price to Book Value toward Price of Stok of Coal Mining Companies Listed in the Indonesia Stock Exchange During 2014-2018

2021 ◽  
Vol 3 (1) ◽  
pp. 32
Author(s):  
Rr. Jean Brebeuf Iryani Andamari ◽  
Caecilia Wahyu Estining Rahayu ◽  
Ima Kristina Yulita
Keyword(s):  
Linear Regression ◽  
Coal Mining ◽  
Stock Price ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Share Price ◽  
Mining Company ◽  
Book Value ◽  
Mining Companies ◽  
Price Earnings Ratio

Company's financial performance is a factor considered by investors in investing. This study aims to determine the effect of Earning per Share (EPS), Price Earnings Ratio (PER), and Price to Book Value (PBV) on stock price. Eight coal mining companies listed in the Indonesia Stock Exchange (IDX) in 2014-2018 were taken for the samples of this research using purposive sampling technique. Multiple linear regression was used to analyze the data. The results show that (1) EPS, PER, and PBV simultaneously have a significant effect on stock price with a significance value of 0.000; (2) EPS and PBV partially have a significant effect on stock price with a significance value of 0.000 and 0.006 respectively. EPS, PER, and PBV can explain variation of the stock price of the coal companies listed in the IDX in 2014-2018 as much as 88.5%. The results of this study is expected to provide recommendations for investors in choosing stocks of coal mining company with good performance based on EPS and PBV ratios.

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 THE EFFECT OF CORPORATE FINANCIAL RATIO UPON THE COMPANY VALUE

2018 ◽  
Vol 3 (02) ◽  
pp. 75
Author(s):  
Kamilah Sadi’ah
Keyword(s):  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Ratios ◽  
Return On Assets ◽  
Dividend Payout ◽  
Financial Ratio ◽  
Book Value ◽  
Company Value ◽  
Equity Ratio

This study aimed to get empirical evidence about the effect of corporate financial ratios consists of return on assets, dividend payout ratio and debt-to equity ratio on the firm value. Firm value uses a price-to book value (PBV) by calculating the price market per share divided by book value per share. Population of this research is the companies listed in LQ45 on the Indonesia Stock Exchange in 2015-2016 which some 45 companies using total sampling technique. Methods of data analysis using descriptive statistical analysis and multiple linear regression. These results indicate that corporate financial ratios consists of return on assets, dividend payout ratio and debt-to equity ratio have a significant effect simultaneously on the firm value. However, partial test results showed that return on assets and dividend payout ratio have a significat effect on the firm value. While the debt-to equity ratio has no significant effect on the firm value.Key words: price-to book value, return on assets, dividend payout ratio, firm value. 

scholarly journals Good Corporate Governance on Stock Prices of Companies Listed in the KOMPAS 100 Index 2014-2018

2020 ◽  
Vol 13 (3) ◽  
pp. 293-306
Author(s):  
Jiwana Christian ◽  
◽  
Bambang Juanda ◽  
Bayu Bandono ◽  
◽  
...  
Keyword(s):  
Corporate Governance ◽  
Stock Prices ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Fixed Effect Model ◽  
Least Square ◽  
Positive Direction ◽  
Share Prices ◽  
Good Corporate Governance ◽  
Effect Model

This research aimed to analyze the effect of good corporate governance on stock prices. It was conducted on companies listed on the Indonesia Stock Exchange which were included in the KOMPAS100 Index in 2014-2018 by using a purposive sampling technique. Data analysis used was a panel data regression method with a fixed-effect model - least square dummy variable. The results of the study show that the number of board of the commissioner meetings, return on assets, earnings per share, and price to book value had significant effects on stock prices in a positive direction; the number of directors, education/training for corporate secretaries, and price to earnings ratio had positive but insignificant effects; the number of independent commissioners and the number of board of the director meetings had negative but insignificant effects on share prices. The novelty in this study was the addition of the variable of company secretary as an indicator of corporate governance, which was not found in previous studies. Besides, this study added a dummy interaction to see the effect of the level of corporate compliance on corporate governance.

scholarly journals PENGARUH AVERAGE TAX RATE, SIZE,GROWTH, FIXED ASSET RATIO, FINANCIAL LEVERAGE, DAN WORKING CAPITALTERHADAP PROFITABILITY

Media Bisnis ◽  
2020 ◽  
Vol 12 (1) ◽  
pp. 17-24
Author(s):  
ERIKA JIMENA ARILYN ◽  
BENY BENY ◽  
FRANSISCA FRANSISCA
Keyword(s):  
Stock Exchange ◽  
Sampling Technique ◽  
Fixed Effect Model ◽  
Working Capital ◽  
Financial Leverage ◽  
Fixed Asset ◽  
Tax Rate ◽  
Effect Model ◽  
Food And Beverage ◽  
Size Growth

The purpose of this research is to analyze empirically the influence of average tax rate, size, growth, fixed asset ratio, financial leverage, and working capital toward profitability. The object of this research is food and beverage companies that listed in Indonesia Stock Exchange period 2004-2014. The purposive sampling is used as sampling technique, in which only 6 companies meet the sampling criteria, resulting 66 data obsevations used in this research. Data were analyzed using Eviews8 panel data regression with fixed effect model to test the hyphotesis. The results shows that financial leverage and working capital have influence to profitability. In the other hand, average tax rate, size, growth, and fixed asset ratio have no influence to profitability. Overall, the independent variables influence financial leverage simultaneously.

scholarly journals Analisis Faktor-faktor yang Memengaruhi Struktur Modal pada Perusahaan Sektor Pertanian yang Terdaftar di Bursa Efek Indonesia

2019 ◽  
Vol 9 (2) ◽  
pp. 102-114
Author(s):  
Irena Anggita ◽  
Rindah F Suryawati
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Agricultural Sector ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Fixed Effect Model ◽  
Purposive Sampling ◽  
Effect Model ◽  
Size Growth ◽  
The Capital Structure

This study aims to analyze the effect of profitability, firm size, growth, liquidity, and asset structure on capital structure of companies listed in the Agricultural Sector in Indonesia Stock Exchange for the period of 2012 to 2016. The sample in this study totals 14 companies, obtained through purposive sampling technique. This research used fixed effect model that was processed in Eviews program. This study found that the variable of growth, liquidity, asset structure  are known to have no effect on the capital structure of the company. Profitability and firm size are known to affect the capital structure where profitability affects negatively and firm size affects possitively.

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