scholarly journals PENGARUH ALMA TERHADAP KINERJA KEUANGAN DAN NILAI PERUSAHAAN PADA BANK YANG TERDAFTAR DI BURSA EFEK INDONESIA

2020 ◽  
Vol 14 (2) ◽  
pp. 84-96
Author(s):  
Rustan DM
Keyword(s):  
Financial Performance ◽  
Indirect Effect ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Company Performance ◽  
Company Value ◽  
Endogenous Variables ◽  
Negative Effect ◽  
Descriptive Approach

This study aims to determine the effect of ALMA on financial performance with Entity Value as an intervening variable. This type of research used a descriptive approach and explanatory approach, with exogenous variables namely ALMA and endogenous variables are financial performance and firm value. This study takes the population of all publicly listed banks listed on the IDX, as many as 37 (thirty seven) banks. In determining the sample, a purposive sampling technique was used. This study found that ALMA had a negative effect on company performance. ALMA has an indirect effect on firm value, company performance has an indirect effect on company value, ALMA through Company Performance has an indirect and significant effect on company value on several banks listed on the Indonesia Stock Exchange. The optimal application of ALMA enables all series of banking activities to be effective, efficient and effective.

scholarly journals PENGARUH KINERJA KEUANGAN DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN YANG DIMODERASI VARIABEL UKURAN PERUSAHAAN (Studi Empiris Perusahaan Sektor Perdagangan, Jasa dan Investasi yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2018)

2020 ◽  
Vol 8 (2) ◽  
pp. 77-87
Author(s):  
Annisa Dayanty ◽  
Widhy Setyowati
Keyword(s):  
Regression Analysis ◽  
Capital Structure ◽  
Financial Performance ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Negative Effect

The purpose of this research is to find empirical evidence about the effect of financial performance and capital structure on firm value and whether company size can moderate the influence of financial performance and capital structure on firm value. The sample in this research is the trading, service and investment companies which is listed on the Indonesia Stock Exchange (IDX) in period 2016-2018. The research sample are 33 companies using purposive sampling technique. The analysis methods of this research used multiple linear regression analysis and Moderated Regression Analysis (MRA) to test the moderating variables. The results showed that financial performance and firm size had a positive effect on firm value. Capital structure has a negative effect on firm value. And the firm size can not moderate the financial performance and capital structure of the firm's value

scholarly journals Faktor-Faktor Nilai Perusahaan: Kajian Berdasarkan Modal Intelektual, Pertumbuhan dan Kinerja Perusahaan

2020 ◽  
Vol 30 (4) ◽  
pp. 911
Author(s):  
Moch. Adam Ferdiansyah ◽  
Fahmi Achmad Faisal
Keyword(s):  
Intellectual Capital ◽  
Firm Value ◽  
Stock Exchange ◽  
Company Performance ◽  
Manufacturing Companies ◽  
Analytical Technique ◽  
Company Value ◽  
Capital Growth ◽  
Negative Effect ◽  
Company Growth

This study aims to examine the effect of intellectual capital, growth and company performance on firm value with independent variables namely intellectual capital, company growth and company performance. This research uses a quantitative approach and the sample used is 32 manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2013-2017 period which were obtained through a purposive sampling method. The analytical technique used is multiple linear regression. The results of the study show that the variable intellectual capital and company performance have a significant positive effect on the value of the company in manufacturing companies, this indicates that these two variables can be made by investors as a measure of investment in the company. Instead the growth variable of the company shows a non-significant negative effect on the value of the company, it can be interpreted that the growth of the company is not a consideration of investors to invest in the company. Keywords: Company Performance; Intellectual Capital; Company Value; Company Growth.

scholarly journals Efek Mediasi Profitabilitas: Modal Intelektual, Diversifikasi Pendapatan dan Nilai Perusahaan

2020 ◽  
Vol 10 (1) ◽  
pp. 83-94
Author(s):  
Windie Yustyarani ◽  
Indah Yuliana
Keyword(s):  
Intellectual Capital ◽  
Indirect Effect ◽  
Firm Value ◽  
Stock Exchange ◽  
Secondary Data ◽  
Annual Reports ◽  
Income Diversification ◽  
Company Value ◽  
Negative Effect ◽  
Positive Effect

This study aims to examine and analyze the effect of intellectual capital and income diversification on firm value mediated by profitability. This study uses secondary data from annual reports on banks listed on the Indonesia Stock Exchange in 2013-2018. There are 30 banking samples in this study based on established criteria (purposive sampling). Data analysis using the WarpPLS 6.0 program. The results shows that intellectual capital had a positive effect on profitability and on company value, income diversification had a negative effect on profitability, while it was found to have no effect on company value, profitability had a positive effect on company value, intellectual capital had an indirect effect on firm value mediated by profitabilit with partial mediation, while mediation is not supported by the indirect effect of Diversification of Revenue on Company Value.

scholarly journals The Intervening Effect of the Dividend Policy on Financial Performance and Firm Value in Large Indonesian Firms

2020 ◽  
Vol 11 (4) ◽  
pp. 408
Author(s):  
Perdana Wahyu Santosa ◽  
Ovinda Aprilia ◽  
Martua Eliakim Tambunan
Keyword(s):  
Financial Performance ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Emerging Market ◽  
Sampling Technique ◽  
Activity Effect ◽  
Negative Effect ◽  
Research Criteria ◽  
Positive Effect

This study aims to examine the relationship between financial performance with firm value with dividend policy as an intervening variable in an emerging market, Indonesia. The samples in this study are large firms listed on the Indonesia Stock Exchange (IDX). The sampling method uses a purposive sampling technique according to research criteria, especially members of the LQ45 index. The study used the data analysis by using multiple regression analysis, path analysis, and Sobel test to find the direct, indirect, and intervening effect and significance in this study. The results indicated that profitability and activity have a positive effect, leverage has a negative effect, but liquidity has no effect on the value of the firms. The subsequent analysis shows that profitability and leverage do not affect dividend policy, liquidity has a negative effect, while activity has a positive effect, significantly. Dividend policy has a positive effect on firm value. Liquidity and leverage do not affect the firm value, but profitability and activity effect positively on the firm value through intervening dividend policy. Conclusions: in general, financial performance indicates an influence on firm value and less effect on dividend policy. As an intervening variable, dividend policy weakens the effect of financial performance on firm value.

ANALISIS NILAI PERUSAHAAN DARI ASPEK STRUKTUR MODAL, PERTUMBUHAN PENJUALAN, DAN KEBIJAKAN DIVIDEN PADA PERUSAHAAN FARMASI DI BEI PERIODE 2014-2019

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Fauzin Annisa ◽  
Agus Dwi Cahya
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Sales Growth ◽  
Company Value ◽  
Negative Effect

A pharmaceutical company is a healthcare company that focuses on researching, developing, and distributing drugs and/or medical devices. Firm value is the stock market value that reflects the wealth of the owner of a company. The purpose of this research is to examine whether capital structure, sales growth, and dividend policy have an influence on company value in the pharmaceutical sub-sector listed on the Indonesia Stock Exchange for the 2014-2019 period. The research population used is the pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange for the 2014-2019 period, totaling 12 companies. The sampling technique used purposive sampling and obtained 6 companies based on the criteria. The analytical method used in this research is multiple linear regression analysis assisted by the SPSS application system. The results showed that simultaneously capital structure, sales growth, and dividend policy have an influence on firm value. Partially the capital structure has a significant negative effect on company value. Sales growth partially has a positive and insignificant effect on company value. Partially the dividend policy has a significant positive effect on company value. Keywords: Capital Structure, Sales Growth, Dividend Policy, and Company Value.

scholarly journals Pengaruh Struktur Modal, Profitabilitas, Likuiditas, dan Ukuran Perusahaan terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan Infrastruktur, Utilitas, dan Transportasi yang Terdaftar di Bursa Efek Indonesia Periode 2015-2018)

2021 ◽  
Vol 12 (1) ◽  
pp. 100
Author(s):  
Tunggul Priyatama ◽  
Eka Pratini
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Investment Funds ◽  
Company Value ◽  
Negative Effect ◽  
Tax Savings ◽  
A Company

The purpose of this study was to determine the effect of capital structure, profitability, liquidity, and firm size on firm value of the company on infrastructure, utilities and transportation companies listed on the Indonesia Stock Exchange for the period 2015- 2018. The sampling technique used was purposive sampling, the sample of companies obtained consisted of 24 infrastructure, utilities and transportation companies listed on the Stock Exchange in 2015-2018. The research method uses multiple linear regression with a panel data approach. The results show that capital structure and profitability have a significant positive effect on the firm value of infrastructure, utilities and transportation companies listed on the Indonesia Stock Exchange for the period 2015-2018. Liquidity and firm size have a significant negative effect on the firm value of infrastructure, utilities and transportation companies listed on the Indonesia Stock Exchange for the period 2015-2018. The implications of this study include that additional debt in the company's capital structure can be a positive signal to investors that can increase company value because additional debt in a company can be used for additional investment funds and corporate tax savings. Then, an increase in the value of profitability can show investors good prospects for the company because many investors are attracted to companies that have good profitability, and have an effect on increasing share demand and company value.

scholarly journals Kinerja Keuangan Memediasi Pengaruh Modal Intelektual dan Struktur Modal pada Nilai Perusahaan di Masa Pandemi Covid-19

2021 ◽  
Vol 31 (10) ◽  
pp. 2503
Author(s):  
Luh Ayu Meliani ◽  
Dodik Ariyanto
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Path Analysis ◽  
Intellectual Capital ◽  
Firm Value ◽  
Sampling Technique ◽  
Company Value ◽  
Negative Effect ◽  
The Relationship ◽  
Positive Effect

This study examines the effect of intellectual capital and capital structure on firm value with financial performance as a mediating variable. The sample was selected by purposive sampling technique. Data were analyzed using path analysis. The results of the analysis show that intellectual capital has no effect on financial performance, but has a positive effect on firm value. Capital structure has a positive effect on financial performance, but has no effect on firm value. Financial performance has a negative effect on firm value. The relationship between capital structure and firm value is successfully mediated by financial performance, however, financial performance does not mediate the relationship between intellectual capital and firm value. This research has implications for those who need information about company value in pharmaceutical sub-sector companies by considering the factors that influence it, especially during the Covid 19 pandemic. Keywords: Intellectual Capital; Capital Structure; Firm Value; Financial Performance.

scholarly journals Do Financial Performance And Firm Value Can Improve Corporate Responsibility Disclosure?

2019 ◽  
Vol 23 (1) ◽  
pp. 150
Author(s):  
Dini Wahjoe Hapsari, Willy Sri Yuliandhari, M. Fadel Variza
Keyword(s):  
Regression Analysis ◽  
Financial Performance ◽  
Firm Value ◽  
Cost Allocation ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Statistical Testing ◽  
Data Allocation ◽  
Company Value ◽  
Corporate Social

The aims of this research are to find out how the effect of financial performance is proxied by ROA and ROE on the firm value which is proxied by Tobin's Q with CSR that is proxied by cost allocation as moderating the plantation sub-sector listed on the Indonesia Stock Exchange for the period of 2013-2016. This research will seek the causes of whether CSR data allocation is able to strengthen or weaken the influence of financial performance on firm value. The sampling technique used was purposive sampling, and eight companies were selected as samples of plantations with a four-year research period to obtain 32 sample units. The analytical method used is descriptive statistical testing, panel data regression analysis and moderated regression analysis (MRA) using e-views software 9.0 versions. Based on the result of the test, the financial performance variables that are proxied by ROA and ROE partially and simultaneously have a significant positive effect on firm value. While the MRA showed that CSR weakens the relationship between financial performance and company value. Based on the result that the companies and investors need to pay attention to the composition of financial performance and disclosure of corporate social responsibility, hence the investor is able to minimize the risks that will be borne when investing their capital.

scholarly journals The Influence of Internal and External Factors on Firm Value

2020 ◽  
Vol 5 (5) ◽  
Author(s):  
Dewi Cahyani Pangestuti ◽  
Azzahra Meirizqi Louisa Tindangen
Keyword(s):  
Capital Structure ◽  
Interest Rates ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
P Value ◽  
Significance Level ◽  
Company Value ◽  
Negative Effect ◽  
The Interest Rate

This research was conducted to analyze the effect of capital structure, liquidity, interest rates and exchange rates in influencing company value in mining sector companies listed on the Indonesia Stock Exchange (BEI). Sampling technique using a purposive sampling method the mining company listed on the Indonesia Stock Exchange in the year 2016 -2019 resulted in 37 companies that meet the criteria. Data analysis was performed using regression panel data with E-Views program 10 and a significance level of 5%. The results of the test were obtained that the capital structure influence significantly restricted a p-value of the company, liquidity does not have a significant effect on firm value, the interest rate does not have a significant effect on firm value, and the exchange rate stated with the middle rate has a significant negative effect on firm value.

scholarly journals Pengaruh Keragaman Dewan Direksi Terhadap Kinerja Keuangan Perusahaan

IQTISHODUNA ◽  
2019 ◽  
Vol 15 (2) ◽  
pp. 115-128
Author(s):  
Roika Roika ◽  
Ubud Salim ◽  
Sumiati Sumiati
Keyword(s):  
Financial Performance ◽  
Board Of Directors ◽  
Firm Value ◽  
Stock Exchange ◽  
Gender Diversity ◽  
Company Performance ◽  
Firm Financial Performance ◽  
The Board Of Directors ◽  
Negative Effect ◽  
And Gender

In implementing corporate governance, the diversity of the board of directors is an essential component. The most frequently observed diversity of the board is gender diversity, and along with the increasing internationalization of business today, the nationalities diversity is also one of the interesting types of analysis to be analyzed. The purpose of this study is to investigate the influence of the diversity of the board of directors on the performance of the company. The company performance examined in this study is the firm financial performance measured by using ROE and firm value measured by the Tobin's Q ratio. The population of this study are all non-financial companies listed on the Indonesia Stock Exchange in 2016-2017. Following the same selection criteria in this study, 33 sample companies were screened. The results of hypothesis testing with multiple regression indicate that only nationalities diversity influences the firm financial performance as measured by ROE. While gender diversity has a negative effect on firm financial performance as measured by ROE. And gender diversity and nationalities diversity does not affect the firm value

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