scholarly journals THE EFFECT OF DEBT POLICY ON COMPANY VALUE IN THE PULP AND PAPER SUB SECTOR LISTED ON BEI

Author(s):  
Alfin Akuba

<p>This study aims to determine and analyze how much influence the Debt Policy (X) partially affects Firm Value (Y). This research is a quantitative study, using ratio analysis. The analysis method uses simple linear regression. The results showed that the Debt Policy (X)) partially did not have a significant effect on Firm Value (Y) in the Pulp and Paper sub-sector that went public on the Indonesia Stock Exchange of 0.449.</p><p> </p><p><strong><em>Keywords:</em></strong> <em>Debt Policy and Company Value</em></p>

Author(s):  
Hasmirati Hasmirati

<p>This study aims to determine and analyze how much influence the Return Current Ratio (X1) and Debt to Total Assets Ratio (X2) both simultaneously and partially have on Return On Assets. This research is a quantitative study, using ratio analysis. The analysis method uses multiple linear regression. The results showed that the Current Ratio (X1) and Debt to Total Assets Ratio (X2) simultaneously did not have a significant effect on the Return on Assets of the Coal Mining sub-sector companies listed on the Indonesia Stock Exchange of 0.057. Current Ratio (X1) partially has a significant effect on Return On Assets of 2.369. Debt to Total Assets Ratio (X2) partially has a significant effect on Return On Assets of 2.347.</p><p> </p><p><strong><em>Keywords:</em></strong> CR, DAR, dan ROA<strong></strong></p>


2019 ◽  
Vol 9 (1) ◽  
pp. 99
Author(s):  
Ardhia Prameswari Regita Cahyani ◽  
Carolyn Lukita Sembiring

Investment is a delay in consumption now to be allocated to productive assets which are expected to generate profits in the future, which is called stocks return.  Mining company in Indonesia is an attractive sector to invest in stocks because from a geographical perspective, Indonesia is an archipelago structure that contains mining products. There are risks that will be experienced by investors when investing, namely systematic risk and unsystematic risk. Unsystematic risk can be avoided because related to management decisions. Knowing and analyzing the effect of debt policy, firm value, company size, investment cash flow on stock returns on mining companies listed on the Indonesian Stock Exchange. The statistical method used in this study is multiple regression analysis. The sample in this study is a mining company that has go public and published audited financial statements 2013-2017 with 84 data processed consisting of 28 companies each year. The results of hypothesis testing can be concluded that debt policy and firm value have significant effect on stock returns while firm size and investment cash flow does not have significant effect on stock returns. Investor will be interested in investing in companies with good financial performance rather than bad financial performance.


2021 ◽  
Vol 31 (6) ◽  
pp. 1494
Author(s):  
Putu Pryanka Chitta Surya ◽  
Made Gede Wirakusuma

This study aims to obtain empirical evidence of the effect of Non Performing Loans (NPL), Loan to Deposit Ratio (LDR), Capital Adequacy Ratio (CAR), and credit restructuring policies on the value of banking firms on the Indonesia Stock Exchange. The research was conducted by analyzing quarterly financial reports published on the Indonesia Stock Exchange website which contained information on banking financial performance ratios, credit restructuring policies, and company value using the PBV method. The Sampling method uses purposive sampling method. The data analysis technique uses multiple linear regression. The results showed that NPL had a negative and significant effect on firm value, LDR had a positive and significant effect on firm value. CAR has a positive and significant effect on firm value. The Credit Restructuring Policy has a negative and significant effect on firm value. Keywords: Non Performing Loans; Loan to Deposit Ratio; Capital Adequacy Ratio; Credit Restructuring Policy; Company Value.


2019 ◽  
Vol 1 (3) ◽  
pp. 51-65
Author(s):  
ST Aminah ◽  
Abdul Rakhman Laba ◽  
Erlina Pakki

This study aims to analyze the effect of liquidity, total assets, and Debt to Equity Ratio(DER) on profitability (ROA) and firm value (PER) on telecommunication companies listed on the Indonesia Stock Exchange (BEI). The samples taken are 30 from five different companies listed on the Indonesia Stock Exchange using the annual report from 2012 - 2017. Data is then analyzed using path analysis method with the assistant of SPSS software. Sobel test and classical assumption test were evaluated beforehand. The results of the study found that liquidity had a negative and significant effect on profitability (ROA), while total assets and DER had a positive and significant effect on profitability. Liquidity and total assets have a positive and significant influence on firm value, while DER has a negative effect on firm value. Profitability has a positive and significant effect on firm value. The mediation test results show that liquidity has a direct and indirect effect on firm value mediated by profitability. Total assets have a direct effect on increasing company value, but interestingly total assets through profitability show insignificant score to impact firm value. DER has a direct and negative effect on firm value, while the results of the probability proved that profitability can mediate the influence between DER on firm value.


2020 ◽  
Vol 12 (1) ◽  
pp. 69-78
Author(s):  
Zumrotun Nafiah ◽  
Sopi Sopi

Establishment of a company has a clear goal one of which is to maximize the firm value. There are many factors affecting firm value and this study intends to empirically learning the effect of internal ownership, audit quality, and debt policy to firm value. The population of this study is manufacturing companies listed on the Indonesian Stock Exchange for period 2017-2019, amounting to 149 companies. The sample of the study was selected as many as 11 companies with purposive sampling technique. Data collection method of this research is documentation. Data were analyzed using statistical decriptive and multiple regression analysis. The result shows that there is no positive influence of internal ownership to firm value with p=0.552 (p>0.05), audit quality has significant effect to company value with p=0.035 (p<0.05), debt policy has no significant effect on the firm value with p=0.807 (p> 0.05). The next study must adding other variables that also could affect the firm value such as leverage, profitability, investment, institutional ownership and others


Author(s):  
Markonah Markonah ◽  
Agus Salim ◽  
Johanna Franciska

This study aims to determine the effect of profitability (ROA), leverage (DER) and liquidity (CR) on corporate value (PBV) in food and beverage manufacturing companies listed on the Jakarta Stock Exchange. Research Methodology research uses the data panel regression analysis method with the model used is fixed effect. The results of the F test show that profitability (ROA), leverage (DER), and liquidity (CR) adequately explain the influence on firm value (PBV). Result of research show that profitability (ROA) and leverage (DER) have significant effect to company value variable (PBV) while variable of liquidity (CR) has no significant effect to company value variable (PBV). The results of Determination Coefficient Test showed that the proportion influence of profitability, leverage and liquidity to company value was 86%. While the rest of 14% influenced by other variables.


2020 ◽  
Vol 3 (1) ◽  
Author(s):  
Chani Dinayu ◽  
Devi ana Sinaga ◽  
D. Sakuntala

This study aims to determine the financial ratios represented by capital structure (DER), company size (ln total assets), business risk (DOL) to firm value. Data collection techniques using purposive sampling and obtained as many as 17 sample companies from 73 populations of chemical sub-sector companies listed on the Indonesia Stock Exchange (IDX) for the 2014-2018 period. The analysis model uses multiple linear regression. Based on the results of the coefficient test, the R square value of 0.749 shows that the correlation or closeness of the relationship of capital structure, company size, business risk and company value is only 74.9%. Adjusted R Square value of 0.735 indicates that the variable capital structure, company size, and business risk explains the variable to the company value of 73.5%. In the F test shows that the value of Fcount> Ftable (53,644> 2.78) so that simultaneously DER, ln total assets, DOL affect the value of the company in the chemical sub-sector of 2014-2018. Whereas the T-test for Company Size is 0.00, which means it has a partial effect on Company Value. Based on these results it is recommended for investors to pay more attention to the value of DER, ln total assets, DOL before investing.


2019 ◽  
Vol 6 (2) ◽  
pp. 1-8
Author(s):  
Maria Emas P. Siallagan ◽  
Yansen Siahaan ◽  
Jubi Jubi ◽  
Ady Inrawan

The purposes of this research are to know the description of profitability, firm value, and leverage, to determine the effect of profitability on the value and to determine leverage ability to moderated profitability reletionships with firm value  at  Farmasi Sub-Sector Company listed on the Indonesia Stock Exchange. The research was conducted with qualitative descriptive analysis method and quantitative descriptive analysis. The data are collected  by using documentation method. The analysis technique used simple linear regression, moderation regression, correlation coefficient, determination coefficient and hypothesis test. Data are analysed with the help of SPSS version 20.          The results of this research be summarized as follows: 1. Average ROE fluctuated and tended to decline, the average DER fluctuated and tended to increase, and the average PBV fluctuated and tended to increase. 2. The results of simple linear regression test showed that profitability has negative effect on firm value. 3. The results of the moderation regression test showed that leverage weakens the profitability relationship with the value. 4. The results of testing the first hypothesis can be concluded that profitability has a negative effect not significant on firm value. 5. The results of the second hypothesis test can be concluded that leverage is  able to moderate the relationship between profitability and firm value.The research suggest that companies increase sales to optimize profits, use debt to increase company productivity, control the existing management of the company and distribute dividend to shareholders.


2021 ◽  
Vol 5 (1) ◽  
pp. 98-136
Author(s):  
Fajar Rakasiwi Syamsuddin ◽  
Masdar Mas’ud

This study aims to determine the effect of Profitability, Liquidity and Solvency on the Company Value of the property and real estate sector listed on the Indonesia Stock Exchange in the 2015-2018 Period. This research is a type of comparative causal research. The population in this study are property and real estate sector companies listed on the Indonesia Stock Exchange in the 2015-2018 period, amounting to 22 companies. Based on the sampling technique with purposive sampling obtained a sample of 21 companies. Data collection techniques use the documentation of financial statements published on the official website of the Indonesia Stock Exchange, www.idx.co.id. The analysis technique used is multiple linear regression. The results of this study indicate that: (1) Solvency has a positive and significant effect on firm value, with a regression coefficient of 0.557 and a significance value of 0.001 0.05; (2) Profitability has a positive and significant effect on Company Value, with a regression coefficient of 0.207 and a significance of 0.002 0.05; (3) Liquidity has a positive and significant effect on Company Value, with a regression coefficient of 0.340 and a significance of 0,000 0.05; (4) Solvency, Profitability, and Liquidity affect the Value of the Company with a significance of 0,000 with an R2 of 43%


2020 ◽  
Vol 10 (1) ◽  
Author(s):  
Eni Wuryani

This study examines the effect of intellectual capital on firm value. Methods of data collection with documentation data in the form of financial reporting Companies listed on the Indonesia Stock Exchange, 2014 to 2016. Data processed was 84 companies. Analysis of research data using quantitative with linear regression. Intellectual variable is measured with value added, variable of company value measured by Tobins Q. The result of this research intellectual capital have an effect on company value.


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