scholarly journals Effect of Return on Assets on Firm Value Using Zakat as the Moderating Variable

2020 ◽  
Author(s):  
Dien Triana ◽  
Andi Istiyana ◽  
Azwar Anwar ◽  
Rasyidah Nadir
Keyword(s):  
Firm Value ◽  
Return On Assets

scholarly journals Pengaruh debt to equity ratio dan current ratio terhadap nilai perusahaan dengan return on asset sebagai variabel intervening

2021 ◽  
Vol 8 (2) ◽  
Author(s):  
Meliani Imanah ◽  
Alfinur ◽  
Supami Wahyu Setiyowati
Keyword(s):  
Path Analysis ◽  
Firm Value ◽  
Stock Exchange ◽  
Secondary Data ◽  
Total Sample ◽  
Return On Assets ◽  
Current Ratio ◽  
Endogenous Variables ◽  
Equity Ratio ◽  
Positive Effect

This study aims to analyze the effect of debt to equity ratio and current ratio on firm value with return on assets as an intervening variable on food and beverages companies listed on the Indonesia Stock Exchange for the period of 2016-2018. The study uses secondary data from the annual report through access to www.idx.co.id. Data were analyzed using path analysis. The total sample of 13 companies and the method of taking sample members used is purposive sampling. The variables of this study consisted of debt to equity ratio and current ratio as exogenous variables, firm value as endogenous variables, and return on assets as intervening variables. The analysis shows that the debt to equity ratio, current ratio and return on assets have a positive effect on firm value. Debt to equity ratio and current ratio also have a positive effect on return on assets. Based on the results of the path analysis of the implications of this research that return on assets can not affect the relationship between debt to equity ratio and current ratio to the firm value so that it can provide input to researchers. It is better to add research periods and use a sample of several other sectors and can also use variables others that can strengthen the results of previous studies

scholarly journals PROFITABLITY AND LIQUIDITY ON CORPORATE VALUE THROUGH DIVIDEND POLICY AS INTERVENING VARIABEL: EMPIRICAL STUDY ON ISLAMIC CAPITAL MARKET

2020 ◽  
pp. 249
Author(s):  
Sutrisno Sutrisno ◽  
Bagus Panuntun
Keyword(s):  
Regression Analysis ◽  
Capital Market ◽  
Firm Value ◽  
Sampling Method ◽  
Dividend Policy ◽  
Corporate Value ◽  
Return On Assets ◽  
Current Ratio ◽  
Observation Period

The purpose of this study is to examine the effect of profitability and liquidity on dividend policy and firm value. It also examines the role of dividend policy as an intervening variable between profitability and liquidity on firm value. Firm value is measured by Tobin's Q, dividend policy is measured by dividend payout ratio (DPR), profitability is measured by return on assets (ROA) and liquidity is measured by current ratio (CR). The population of this study is companies registered in List of Sharia Securities consisting of more than 300 companies. Samples were taken as many as 100 companies with a purposive sampling method. The observation period is 3 years (2016-2018). To test hypotheses using multiple regression analysis. The result shows that profitability is significant and positively effect on dividend policy, while liquidity does not affect on dividend policy. Profitability and dividend policy have a positive and significant effect on firm value, while liquidity has no effect on firm value. Another result of dividend policy is able to be as an intervening effect on profitability of firm value but not as an intervening liquidity relationship to firm value.

scholarly journals The Laba Per Saham, Rasio Hutang, Pengembalian Atas Aset dan Suku Bunga Terhadap Nilai Perusahaan Wholesale

2021 ◽  
Vol 4 (1) ◽  
pp. 648-661
Author(s):  
Elise Elise ◽  
Mariska Sisilia ◽  
Rina Yustito S ◽  
Cherria Halim
Keyword(s):  
Linear Regression ◽  
Interest Rates ◽  
Firm Value ◽  
Research Method ◽  
Sampling Method ◽  
Regression Equations ◽  
Debt Ratio ◽  
Analysis Model ◽  
Return On Assets ◽  
Earnings Per Share

This study aims to determine the effect of earnings per share, debt ratio, return on assets and interest rates on firm value in whosale companies listed on the IDX in 2014-2018. This research was conducted using an associative research method and a quantitative approach. 17 companies as samples were taken using purposive sampling method. The analysis model uses multiple linear regression equations. The result of the research is that earning per share has no effect on firm value at Whosale companies listed on the IDX. The debt ratio does not affect the firm value of Whosale companies listed on the IDX. Returns on assets have an effect on firm value at Whosale companies listed on the IDX. Interest rates do not affect the firm value of Whosale companies listed on the IDX. Earnings per share, debt ratio, return on assets and interest rates have an effect on firm value at Whosale companies listed on the IDX.

scholarly journals A Study of A Causality Relationship between Profitability and Firm Value: A Comparison between European Countries

2017 ◽  
Vol 4 (1) ◽  
pp. 108
Author(s):  
Ben Said Hatem
Keyword(s):  
Firm Value ◽  
European Countries ◽  
Tobin’S Q ◽  
Return On Assets ◽  
Tobin's Q ◽  
Mean Values ◽  
Return On Equity ◽  
Market Values ◽  
Causality Relationship

The aim of our paper is to test for a causality interdependence between profitability and firm value. To this end, we examined a sample of two European countries: Italy and Poland. Our samples contain 200 firms from each country studied over a period of 4 years from 2007 to 2010. As a measure of firm performance, we use two ratios; return on assets and return on equity. Regarding firm value, we used two ratios; Tobin’s Q calculated as long-term debt increased by short-term debt divided by total assets, and Market To Book ratio calculated as market capitalization divided by shareholder’s equity. The descriptive statistics show that Italian firms have higher market values. We obtained mean values of 1,123 and 2,0698 of Tobin’s Q and MTB, respectively. However, firms of Poland are more profitable than firms of Italy. Using a data panel method, we concluded that for firms of Italy, there is a causality relationship between profitability, approximated by return on assets and return on equity and firm value, measured by Tobin’s Q. For firms of Poland, a causality relationship is also found.

scholarly journals Analisis Modal Intelektual Dan Kinerja Keuangan Serta Pengaruhnya Terhadap Nilai Perusahaan

2019 ◽  
Author(s):  
Riski Wahyudi ◽  
Lidya Martha
Keyword(s):  
Financial Performance ◽  
Intellectual Capital ◽  
Firm Value ◽  
Stock Exchange ◽  
Value Added ◽  
Financial Statements ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Book Value ◽  
Company Value

This study aims to examine the effect of intellectual capital and financial performance on the value of companies in manufacturing companies listed on the Indonesia Stock Exchange (IDX). The research population is all manufacturing companies listed on the Indonesia Stock Exchange for the period 2013 - 2017. This sample was selected using a purposive sampling method with sample criteria. Manufacturing is listed on the IDX during the end of 2017 period, Manufacturing is listed consecutively during the period 2013 - 2017, Manufacturing that uses Rupiah, Manufacturing that has complete financial statements for the period 2013 - 2017, Manufacturing that has financial data in accordance with the variables to be tested, namely Price to Book Value, Value Added Intellectual Coefficient, Return On Assets, and Manufacturing that does not has data outliers, and obtained a sample of 11 companies. The data source is the annual financial statements of manufacturing companies taken through the official website of the Indonesia Stock Exchange ( www.idx.co.id ). Testing uses panel data regression analysis with the Eviews Program tool. Intellectual capital is measured using Value Added Intellectual Coefficient (VAIC), while financial performance is measured by Return on Assets (ROA) and company value measured by Price to Book Value (PBV). The results showed that the variable intellectual capital had a negative and not significant effect on firm value, while financial performance had a positive and significant effect on firm value.

scholarly journals PENGARUH RETURN ON ASSETS, DEBT TO EQUITY RATIO, PRICE EARNING RATIO DAN FIRM-SIZE TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN KATEGORI INDEKS LQ-45 DI BURSA EFEK INDONESIA

2018 ◽  
Vol 1 (2) ◽  
pp. 12
Author(s):  
Triana Zuhrotun Aulia
Keyword(s):  
Linear Regression ◽  
Firm Size ◽  
Firm Value ◽  
Positive Impact ◽  
Stock Exchange ◽  
Market Value ◽  
Analysis Tool ◽  
Return On Assets ◽  
Book Value ◽  
Equity Ratio

Price to Book Value (PBV) is the ratio of the market value of equity to the book value of equity. PBV is the level of ability to create a company's value relative to the amount of capital invested. This study will analyze both simultaneous and partial effect of return on assets, debt to equity ratio, price earning ratio and firm-size to price book value. Companies classified in LQ-45 selected as the population used in this study are listed on the Stock Exchange 2012-2016 period. Purposive sampling is used to get the sample in this research using criterias and 18 companies or 72 firm-years are the samples. Analysis tool in this research using spss 23.0. This research is using multiple linear regression. Based on the results of the partial test (t test) on the real level (α) = 5% can be seen that the variabel return on assets, debt to equity ratio and price earning ratio have a significant and positive impact on price book value, meanwhile firm-size have no significant effect on price book value. Keywords :   Firm value, Price Book Value, Return on Asset, Debt to Equity Ratio, Price Earning Ratio, Firm-size. 

scholarly journals DEWAN DIREKSI, DEWAN KOMISARIS TERHADAP NILAI PERUSAHAAN KONSUMSI : TOP 20 PERUSAHAAN TERDAFTAR DI BEI

2021 ◽  
Vol 5 (1) ◽  
pp. 01-07
Author(s):  
Hurian Kamela
Keyword(s):  
Decision Making ◽  
Board Of Directors ◽  
Multiple Regression ◽  
Firm Value ◽  
Boards Of Directors ◽  
Total Sample ◽  
Return On Assets ◽  
Good Evaluation ◽  
The Board Of Directors ◽  
Independent Variable

The board of directors and commissioners are parties who play a role in the company, especially in corporate decision making. The main objective of this research is to analyze the number of boards of directors and commissioners of firm value. The number of samples based on this study were 20 companies for 4 years (2014-2017). The total sample is 80 observations. The reason the sample was chosen because of the large consumption reasons that had a reputation and were well known in the community. The method used is multiple regression. The dependent variable for the use of measurement that is often used is Tobins-q. The independent variable is based on the measurement of the board of directors and the measurement of the board of commissioners in the company. In addition to this research, the control variables used were Return On Assets (ROA) and total assets. The results of the study explain that there is no effect of the two hypotheses of the board of directors and the board of commissioners on firm value. In general, the number of company leaders has no effect on company activities. The leader of the company has been carrying out its role as a board of monitoring. The contribution of the research is that companies that have carried out good evaluation and selection to increase firm value by implementing the board of directors and commissioners according to the standards.

scholarly journals PENGARUH PENGUNGKAPAN ISLAMIC SOCIAL REPORTING, PROFITABILITAS, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN

2020 ◽  
Vol 3 (1) ◽  
pp. 69-84
Author(s):  
Ahadiah Agustina
Keyword(s):  
Firm Value ◽  
Sampling Method ◽  
Financial Institution ◽  
Regression Method ◽  
Social Reporting ◽  
Linear Regression Method ◽  
Return On Assets ◽  
Current Ratio ◽  
Multiple Linear Regression Method

Islamic social reporting is a social reporting that involves not only a holistic expectation of society regarding the role of the companies in the community but also a spiritual perspective. This study examines the influences of Islamic social reporting, profitability (which representated by return on assets), and liquidity (which representated by current ratio) to firm value. To measure the extent of Islamic social reporting, the researcher used a checklist that had been specified by AAOIFI (Accounting and Auditing Organization For Islamic Financial Institution) and developed by previous researchers. This study used purposive sampling method from companies listed in Jakarta Islamic Index (JII) during 2016-2019. There are 16 companies which fulfill the criteria as the research samples. The samples data in this study analyzed using multiple linear regression method. The result indicated that Islamic social reporting, profitability (which representated by return on assets), and liquidity (which representated by current ratio) have positif and siginificant effect simultaneously to firm value. While partially, Islamic social reporting has positive but not significant effect to firm value, profitability (which representated by return on assets) has positive and significant effect to firm value, and liquidity (which representated by current ratio) has positive and significant effect to firm value, these are because the good level of corporate profitability and liquidity reflect good financial performance, so that investor perceptions will increase and ultimately will also increase the firm value.

scholarly journals Pengaruh Mekanisme Tata Kelola Perusahaan yang Baik, Pengungkapan Tanggung Jawab Sosial Perusahaan, dan Pengembalian atas Penggunaan Asset Terhadap Nilai Perusahaan

2020 ◽  
Vol 6 (1) ◽  
Author(s):  
Anggi Adinda Setiarini ◽  
Sulistyo Sulistyo ◽  
Rita Indah Mustikowati
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Firm Value ◽  
Stock Exchange ◽  
Descriptive Analysis ◽  
Return On Assets ◽  
Corporate Social Responsibility Disclosure ◽  
Good Corporate Governance ◽  
Corporate Social

This study aims to determine the effect of good corporate governance mechanisms, corporate social responsibility disclosure, and return on assets to firm value. The population used in this study is a publicly listed banking company listed on the Indonesia Stock Exchange in the 2014-2015 period and the sample determination method used was purposive judgment sampling. Samples obtained were 42 companies. Data analysis techniques used are descriptive analysis, classic assumption test, multiple linear regression test, and hypothesis testing. This study found that simultaneously the mechanism of good corporate governance, corporate social responsibility disclosure, and return on assets affect the value of the company. Partially, this study found that the mechanism of good corporate governance that was proxied by the board of directors (DD), board of commissioners (DK), managerial ownership (KM), return on assets (ROA) influenced the company value, while institutional ownership (IC) and corporate social responsibility (CSR) does not affect the company's value

scholarly journals The Effect Analysis of Liquidity, Solvency on Profitability and Its Impact to the Company Value at PT KS, Tbk

2020 ◽  
Vol 3 (4) ◽  
pp. 3845-3860
Author(s):  
Masno Marjohan
Keyword(s):  
Firm Value ◽  
Manufacturing Industry ◽  
Stock Exchange ◽  
Annual Reports ◽  
Coefficient Of Determination ◽  
Return On Assets ◽  
Current Ratio ◽  
Financial Reports ◽  
Effect Analysis ◽  
Company Value

he purpose of this study is to analyze the company's ability to pay short-term debt and long-term debt, and this study is also to determine the effect on profitability and its impact on the firm value of the manufacturing industry listed on the Indonesia Stock Exchange (Tbk). The data is obtained from the company's annual reports from 2009 to 2018. The research method used by the author is quantitative descriptive method, by analyzing financial reports with quantitative data obtained from the company's official website and the Indonesia Stock Exchange. Management of statistical data usingEviews.The result of the research is to get the influence between variable X1, variable Y and X2 with variable Y, and simultaneously and variable Y to variable Z (Company value) by using multiple linear analysis obtained a regression equation. Calculation of the coefficient of determination or R Square, This shows that Liquidity (Current Ratio) and Solvency (Debt to Asset Ratio) have an influence on Profotability (Return on Assets) while the rest is influenced by other variables. Partially the liquidity variable (Current Ratio) has a significant influence on Profitability (Return on Assets), while partially there is an insignificant effect of Debt to Asset Ratio on Profitability (Return on Assets).

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