Pengaruh Likuiditas, Kebijakan Hutang, Pertumbuhan Perusahaan dan Ukuran Perusahaan Terhadap Nilai Perusahaan dengan Profitabilitas Sebagai Variabel Intervening pada Perusahaan Sub Sektor Farmasi  Di Bursa Efek Indonesia Periode 2014 – 2019

This study is to look at the influence of Liquidity, Debt Policy, Company Growth And Company Size on Company Value With Profitability As Intervening Variable In Pharmaceutical Sub-Sector Companies on Indonesia Stock Exchange Period 2014 - 2019. Liquidity variables that are diproxykan with current ratio, debt policy that is diproxykan with debt to equity ratio, growth of the company that is diproxykan with changes in total assets and the size of the company that is diproxykan with normal logarithm (Ln) sales to the value of the company that is mortgaged with price to book value with profitability diproxykan with return on equity as intervening variables. The research sample used is the Pharmaceutical Sub Sector on the Indonesia Stock Exchange during the 6-year observation period, starting from 2014 - 2019 recorded as many as 10 companies, which have a complete financial report and which have a complete research indicator report in the annual financial report during the research period as many as 8 companies. This study used purposive sampling and data analysis techniques using the help of microsoft Excell and SPSS 22.0 software. with Path Analysis. The results showed that; 1) Simultaneously all free variables have no effect on bound variables whereas that partially only the growth variables of the company are diproxykan with changes in total assets that affect the variable profitability. 2) Simultaneously all free variables have a significant effect on bound variables whereas partially only the growth variables of the company are diproxykan with changes in total assets that have no effect on the variable value of the company. 3) Variable profitability diproxykan with return on equity has no effect on the variable value of the company that is diproxykan with price to book value. 4) Variable liquidity, debt policy, company growth and the size of the company to the value of the company with profitability as an intervening variable has a total influence of 11.1838%, the large influence including weak.

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ANALISIS PENGARUH KEBIJAKAN HUTANG, KEBIJAKAN DIVIDEN, DAN PERTUMBUHAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN PEMBIAYAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

BISMA ◽

10.19184/bisma.v13i1.7550 ◽

2019 ◽

Vol 13 (1) ◽

pp. 43

Author(s):

Febriani Florentin Sinaga

Keyword(s):

Path Analysis ◽

Sampling Method ◽

Dividend Policy ◽

Stock Exchange ◽

Financial Data ◽

Factors Affecting ◽

Purposive Sampling ◽

Company Value ◽

Company Growth ◽

Debt Policy

This study aims to analyze the effect of debt policy, dividend policy, and company growth on company value, with profitability as the intervening variable, in the finance companies listed on the Indonesia Stock Exchange (IDX). The population of this study was all finance companies listed on IDX for the period of 2015 and 2016. The purposive sampling method was used in this study with the sample consisted of 12 finance companies. Data used were financial data sourced from the website of IDX. Data were analyzed using path analysis with two equations, i.e., the factors affecting company value and the factors affecting company profitability. Results of the study showed that debt policy, dividend policy, company growth, and profitability have no significant effect on company value. This study also found that debt policy and company growth have no significant effect on profitability, while dividend policy significantly affects profitability. Keywords : Debt policy, dividend policy, company growth, profitability

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Pengaruh Return on Equity, Debt to Equity Ratio, Fixed Asset Turnover, Price to Book Value dan Interest Rate terhadap Price Earning Ratio pada Perusahaan Property & Real Estate di Bursa Efek Indonesia

Jurnal Riset Akuntansi & Perpajakan (JRAP) ◽

10.35838/jrap.v1i02.78 ◽

2014 ◽

Vol 1 (02) ◽

pp. 200-210

Author(s):

Agung Setiyawan ◽

Oman Rusmana

Keyword(s):

Interest Rate ◽

Real Estate ◽

Significant Influence ◽

Stock Exchange ◽

Jel Classification ◽

Return On Equity ◽

Book Value ◽

Fixed Assets ◽

Asset Turnover ◽

Equity Ratio

ABSTRACT This study is aimed to examine the influence return on equity (ROE), debt to equity ratio (DER), fixed assets turnover (FATO), price to book value (PBV) and interest rate (IR) towards price earning ratio (per). Population of this study are Property & Real Estate companies which had go public in Indonesia Stock Exchange (IDX) during the period of 2008-2012.This research take 11 samples of 52 Property & Real Estate companies listed in IDX during the period of 2008-2012. This research concluded that the price to book value (PBV) and interest rate (IR) have significant influence towards the price earning ratio (PER). Meanwhile, other variables partially have no significant influence towards the price earning ratio (PER). ABSTRAK Penelitian ini dilakukan untuk menguji pengaruh return on equity (ROE), debt to equity ratio (DER), fixed assets turnover (FATO), price to book value (PBV) dan interest rate (IR) terhadap Price Earning Ratio (PER). Populasi penelitian adalah perusahaan-perusahaan Property & Real Estate yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2008-2012. Penelitian ini mengambil jumlah sampel sebanyak 14 perusahaan dari 52 perusahaan Property & Real Estate yang terdaftar di BEI selama periode 2008-2012. Hasil penelitian menunjukkan bahwa variabel Price to Book Value (PBV) dan Interest Rate (IR) secara parsial berpengaruh signifikan terhadap Price Earning Ratio (PER). Sedangkan Return on Equity (ROE), Debt to Equity Ratio (DER) dan Fixed Assets Turnover (FATO) tidak berpengaruh signifikan terhadap Price Earning Ratio (PER). JEL Classification: G14, G30

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Analisis Variabel Yang Mempengaruhi Harga Saham Syariah di Jakarta Islamic Index

Jurnal Ekonomi ◽

10.24912/je.v24i3.607 ◽

2020 ◽

Vol 24 (3) ◽

pp. 421

Author(s):

Lisa Febriani

Keyword(s):

Capital Market ◽

Stock Prices ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Secondary Data ◽

Return On Equity ◽

Financial Report ◽

The Public ◽

Analysis Technique ◽

Equity Ratio

One of the methods used by companies to obtain company capital is by selling shares to the public through the capital market. Stock prices can change and this is changed by various factors. This study aims to determine the effect of Debt to Equity Ratio (DER), Earning per Share (EPS), and Return on Equity (ROE) on sharia stock prices listed in the Jakarta Islamic Index (JII) in 2014-2017, both partially and simultaneously. The data used in this study is secondary data taken from the Indonesia Stock Exchange website (www.idx.co.id), which is in the form of a company's annual financial report. The analysis technique used in this study uses Linear Regression Analysis. Based on the research results, it is known that partially DER has no significant effect on stock prices, while EPS and ROE have a significant effect on stock prices. Simultaneously, DER, EPS, and ROE significantly influence stock prices.

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NILAI PERUSAHAAN: KEBIJAKAN HUTANG, KEBIJAKAN DIVIDEN DAN PROFITABILITAS

EKOMABIS: Jurnal Ekonomi Manajemen Bisnis ◽

10.37366/ekomabis.v1i01.9 ◽

2020 ◽

Vol 1 (01) ◽

pp. 117-130

Author(s):

Afif Taftazani ◽

Eka Suryani

Keyword(s):

Firm Value ◽

Quantitative Research ◽

Stock Exchange ◽

Secondary Data ◽

Sampling Technique ◽

Coefficient Of Determination ◽

Dividend Payout ◽

Return On Equity ◽

Book Value ◽

Equity Ratio

This study aims to determine the effect of Debt to Equity Ratio (DER), Dividend Payout Ratio (DPR) and Return on Equity (ROE) on the value of the company or Price to book value (PBV) on the Indonesia Stock Exchange. The type of this research is quantitative research. The Data on this research is secondary data derived by collectin from literature and documentation. The sample in this study is 16 companies which listed on the Indonesia Stock Exchange in the 2012-2017 period. The sampling technique uses a non-probability sampling method. To analyze the data using a panel data regression test with software Eviews 9. The results of the analysis show that a partial debt to equity ratio has a positive and significant impact on firm value (PBV), while dividend payout ratio and return on equity have no significant impact on company value (PBV). The coefficient of determination (R2) is 0.9378 or 93.78%. This shows that 93.78% of the company's value (PBV) is influenced by the debt to equity ratio, dividend payout ratio and return on equity. While the remaining 6.22% of the company's value (PBV) is influenced by other factors. Abstrak Penelitian ini bertujuan untuk mengetahui pengaruh debt to equity ratio (DER), divident payout ratio (DPR) dan return on equity (ROE) terhadap nilai perusahaan (Price to book value) (PBV) di Bursa Efek Indonesia. Jenis penelitian yang digunakan dalam penelitian ini adalah penelitian kuantitatif. Data dalam penelitian ini menggunakan data sekunder yang berasal dari kepustakaan dan dokumentasi. Sampel dalam penelitian ini adalah 16 perusahaan yang terdaftar dalam Bursa Efek Indonesia periode 2012-2017. Teknik pengambilan sampel dalam penelitian ini menggunakan metode non probality sampling. Analisis yang digunakan menggunakan uji regresi panel dengan software eviews 9. Berdasarkan analisis data yang dilakukkan dalam analisis menunjukkan debt to equity ratio secara parsial berpengaruh secara positif dan signifikan terhadap nilai perusahaan (PBV), sedangkan dividend payout ratio dan return on equity tidak berpengaruh terhadap nilai perusahaan (PBV). Koefisien determinasi (R2) sebesar 0,9378 atau sebesar 93,78%. Ini menunjukkakn bahwa 93,78% nilai perusahaan (PBV) dipengaruhi oleh debt to equity ratio, dividend payout ratio dan. return on equity. Sedangkan sisanya sebesar 6,22% nilai perusahaan (PBV) dipengaruhi oleh faktor lain

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PENGARUH DEBT TO EQUITY RATIO DAN FIRM SIZE TERHADAP NILAI PERUSAHAAN DENGAN RETURN ON EQUITY SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX (JII) PERIODE 2016-2018

I-Finance a Research Journal on Islamic Finance ◽

10.19109/ifinance.v6i1.6069 ◽

2020 ◽

Vol 6 (1) ◽

pp. 15-29

Author(s):

Indah Khairunnisa ◽

Mismiwati Mismiwati ◽

Bunga Mar’atush Shalihah

Keyword(s):

Firm Size ◽

Firm Value ◽

Return On Equity ◽

Book Value ◽

Independent Variables ◽

Company Value ◽

Dependent Variables ◽

Equity Ratio ◽

Intervening Variables ◽

Two Independent Variables

The Study investigated the influence of Debt to Equity Ratio and Firm Size on Firm Value with Return On Equity as intervening variables in Jakarta Islamic Index (JII) in 2016-2018. This study uses two independent variables that Debt to Equity Ratio and Firm Size. The dependent variables used in this study is the Company Value with indicators of Price to Book Value. While the intervening variable used in this study is Return On Equity. The result showed that there was a positive and significant effect Debt to Equity Ratio on Return On Equity. There was a negative and not significant Firm Size on Return On Equity. Debt to Equity Ratio has no significant effect on Firm Value. Firm Size has no significant effect on Firm Value. There wasa positive and significant effect Return On Equity on Firm Value. Return On Equity is mediating the effect of Debt to Equity Ratio on Firm Value (Partial Mediation). Return On Equity is mediating the effect of Firm Size on Firm Value (Partial Mediation).

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PENGARUH CURRENT RATIO, DEBT TO EQUITY RATIO DAN RETURN ON EQUITY TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR

Journal Competency of Business ◽

10.47200/jcob.v4i2.700 ◽

2020 ◽

Vol 4 (2) ◽

pp. 53-67

Author(s):

Ameilia Damayanti ◽

Rianto Rianto

Keyword(s):

Regression Analysis ◽

Firm Value ◽

Stock Exchange ◽

Manufacturing Companies ◽

Current Ratio ◽

Return On Equity ◽

Company Value ◽

Analysis Technique ◽

Equity Ratio ◽

The Many

Current ratio, Debt to Equity Ratio, and Return on Equity are some of the many factors that are thought to have an influence on company value. Several studies have also used these factors as variables. Therefore, this study aims to test and reaffirm the results of previous studies with mixed conclusions. The sample of this study was 100 companies in manufacturing companies listed on the Indonesia Stock Exchange in the period 2018. The analysis technique used in this study is multiple regression analysis. The results showed that partially Current ratio, Debt to Equity Ratio had no significant effect on Company Value, while Profitability had a significant effect on Company Value. Simultaneously testing shows that current ratio, debt to equity ratio, and return on Equity have a significant effect on firm value.

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PENGARUH PRICE EARNING RATIO, PRICE TO BOOK VALUE RATIO, DEBT TO EQUITY RATIO, RETURN ON EQUITY DAN SIZE TERHADAP RETURN SAHAM PADA PERIODE BULLISH (Survei PadaPerusahaan Manufaktur di Bursa Efek Indonesia Periode 2006-2007)

JURNAL AKUNTANSI UNIVERSITAS JEMBER ◽

10.19184/jauj.v8i1.1222 ◽

2015 ◽

Vol 8 (1) ◽

pp. 50

Author(s):

Animah Animah

Keyword(s):

Return Period ◽

Stock Return ◽

Sampling Method ◽

Stock Exchange ◽

Manufacturing Companies ◽

Public Companies ◽

Return On Equity ◽

Book Value ◽

Equity Ratio ◽

The Impact

The objective of this research was to know the impact of Price Earning Ratio, Price To Book Value Ratio, Debt To Equity Ratio, Return On Equity dan Sizeto the stock return period bullish. This research uses purposive sampling method with judgment and conducted for 27 manufacturing companies listed in the Jakarta Stock Exchange during the period 2006-2007. The data was analysed by using multiple linear regression. The results showed that there is significant influence simultaneously (21.2%) and partially significant for the price earning ratio variable which is shown by the significance value of 0,05%. The results also show that other variables such as Price To Book Value Ratio, Debt To Equity Ratio, Return On Equity dan Sizeis not significant to the stock return period bullish. For the next researcher, it is suggested to add another variable like debt to asset ratio, Current ratio,Earning yieldand to expand the population (all go public companies). Keywords: price earning ratio, price to book value ratio, debt to equity ratio, return on equity, size, stock return

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Pengaruh Return on Equity, Debt to Equity Ratio, Fixed Asset Turnover, Price to Book Value dan Interest Rate terhadap Price Earning Ratio pada Perusahaan Property & Real Estate di Bursa Efek Indonesia

Jurnal Riset Akuntansi & Perpajakan (JRAP) ◽

10.35838/jrap.2014.001.02.16 ◽

2014 ◽

Vol 1 (02) ◽

pp. 200-210

Author(s):

Agung Setiyawan ◽

Oman Rusmana

Keyword(s):

Interest Rate ◽

Real Estate ◽

Significant Influence ◽

Stock Exchange ◽

Jel Classification ◽

Return On Equity ◽

Book Value ◽

Fixed Assets ◽

Asset Turnover ◽

Equity Ratio

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PENGARUH FAKTOR-FAKTOR FUNDAMENTAL TERHADAP RETURN SAHAM PERUSAHAAN JASA TRANSPORTASI

JWM (Jurnal Wawasan Manajemen) ◽

10.20527/jwm.v6i1.162 ◽

2019 ◽

Vol 6 (1) ◽

pp. 94

Author(s):

Siska Septina ◽

Fifi Swandari

Keyword(s):

Stock Return ◽

Stock Exchange ◽

Hypothesis Test ◽

Least Square ◽

Return On Equity ◽

Book Value ◽

Ordinary Least Square ◽

Equity Ratio ◽

F Statistics ◽

Transportation Company

This research as “Effect Fundamental Factors toward stock return of Transportation’s Company”. Aims analyzed fundamental factors to haven influence stock return of transportation company at Indonesia Stock Exchange (BEI). Fundamental factors such as Earning Per Share (EPS), Book Value Per Share (BVS), Price Earning Ratio (PER), Debt to Equity Ratio (DER), Return on Asset (ROA), and Return On Equity (ROE).Methodology research used purposed sampling with criteria as 1. Stock of Transportation company which listed fm th. 2009-2013. 2.Stocked was trade at Indonesian Stock Exchange (BEI). Sample totally 13 and data analysis with multiple regression of ordinary least square and hypothesis test used F statistics and t statistic at level significance 5%.Analysis result is fm totally 6 (six) of fundamental factors, only Price Earning Ratio (PER), Debt to Equity Ratio (DER) and Return on Asset (ROA) significance influance stock return of 13 (thirteen) transportation company at BEI, while others are not significance.The future result suggested to expand other fundamental factors and suggested to add more variabels so can get better result.

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

Quantitative Economics and Management Studies ◽

10.35877/454ri.qems201 ◽

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

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