Analisis Faktor Determinasi Nilai Perusahaan.
DOI:
https://doi.org/10.51903/kompak.v13i2.684Kata Kunci:
firm value, liquidity, asset turnover, profitabilityAbstrak
This research aims to find out and analyze the factors that are predicted to determine the firm value, the factors are liquidity, debt policy, asset turnover, and profitability. The sample used in the mining sector listed on BEI for the period 2014-2018, the sampling technique using purposive sampling, obtained 118 samples. Data analysis uses multiple regressions using the SPSS program version 23. Hypothesis test results found debt policy and asset turnover positively affected firm value, while it did not prove liquidity and profitability affect firm value.
Referensi
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[4] Subiantoro S 2007 Pengaruh Struktur Kepemilikan, Strategi Diversifikasi, Leverage, Faktor Intern Dan Faktor Ekstern Terhadap Nilai Perusahaan (Studi Empirik Pada Perusahaan Manufaktur Dan Non Manufaktur Di Bursa Efek Jakarta) Manaj. dan Kewirausahaan 9 41–8
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[9] Chia Y E, Lim K P and Goh K L 2020 Liquidity and firm value in an emerging market: Nonlinearity, political connections and corporate ownership North Am. J. Econ. Financ. 52 101169
[10] Hapsoro D and Falih Z N 2020 The Effect of Firm Size, Profitability, and Liquidity on The Firm Value Moderated by Carbon Emission Disclosure J. Account. Invest. 21
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[12] Lase A Z, Jubi J, Susanti E and Putri D E 2019 Pengaruh Likuiditas, Aktivitas Dan Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan Sub Sektor Kabel Yang Terdaftar Di Bursa Efek Indonesia SULTANIST J. Manaj. dan Keuang. 7 56–63
[13] Lumentut F G 2019 Pengaruh Likuiditas, Profitabilitas, Solvabilitas, Dan Aktivitas Terhadap Nilai Perusahaan Mannufaktur Yang Terdaftar Di Indeks Kompas100 Periode 2012-2016 J. EMBA J. Ris. Ekon. Manajemen, Bisnis dan Akunt. 7 2601–10
[14] Selin Lumoly 2018 Pengaruh Likuiditas Dan Profitabilitas Terhadap Nilai Perusahaan EMBA 6 1108–17
[15] Zuhroh I 2019 The Effects of Liquidity, Firm Size, and Profitability on the Firm Value with Mediating Leverage KnE Soc. Sci. 3 203
[16] Permana A A N B A and Rahyuda H 2018 Pengaruh Profitabilitas, Solvabilitas,Likuiditas, Dan Inflasi Terhadap Nilai Perusahaan E-Jurnal Manaj. Univ. Udayana 8 1577
[17] Saif-Alyousfi A Y H, Md-Rus R, Taufil-Mohd K N, Mohd Taib H and Shahar H K 2020 Determinants of capital structure: evidence from Malaysian firms Asia-Pacific J. Bus. Adm. ahead-of-p
[18] Bama I, Maksum A and Adnans A A 2021 The Effect of Total Asset Turnover and Profitability on Firm value with Good Corporate Governance as Moderating Variable in Food and Beverage Subsector Manufacturing Companies Listed on the IDX 2010-2019 Int. J. Res. Rev. 8 559–67
[19] Modigliani F and Miller M H 1963 Income Taxes and the Cost of Capital Am. Econ. Rev. 53 433–43
[20] Al-Shammari H A, O’Brien W R and Albusaidi Y H 2013 Firm internationalization and IPO firm performance: The moderating effects of firm ownership structure Int. J. Commer. Manag. 23 242–61
[21] Bahraini S, Endri E, Santoso S, Hartati L and Marti PRAMUDENA S 2021 Determinants of Firm Value: A Case Study of the Food and Beverage Sector of Indonesia J. Asian Finance. 8 839–0847
[22] Stephen A.Ross 1997 The Determination of Financial Structure: The Incentive-Signalling Approach Bell J. Econ. 8 23–40
[23] Maxwell O and Kehinde F 2012 Capital Structure and Firm Value: Empirical Evidence from Nigeria International J. Bus. Soc. Science 3 252–61
[2] Gunadi I G N B, Putra I G C and Yuliastuti I A N 2020 The Effects of Profitabilitas and Activity Ratio Toward Firms Value With Stock Price as Intervening Variables Int. J. Account. Finance. Asia Pacific 3 56–65
[3] Subagyo H 2011 Efektifitas kebijakan struktur modal dalam meningkatkan nilai perusahaan J. Bisnis dan Ekon. 18 59–68
[4] Subiantoro S 2007 Pengaruh Struktur Kepemilikan, Strategi Diversifikasi, Leverage, Faktor Intern Dan Faktor Ekstern Terhadap Nilai Perusahaan (Studi Empirik Pada Perusahaan Manufaktur Dan Non Manufaktur Di Bursa Efek Jakarta) Manaj. dan Kewirausahaan 9 41–8
[5] Vo D H and Nguyen V T-Y 2014 Managerial Ownership, Leverage and Dividend Policies: Empirical Evidence from Vietnam’s Listed Firms Int. J. Econ. Finance. 6
[6] Mgmt J 2001 The Era of the Knowledge Organization, 17 522–4
[7] Damanik D S 2018 Perusahaan Pada Perusahaan Sub Sektor Farmasi Yang Terdaftar 4 35–41
[8] Uzliawati L, Yuliana A, Januarsi Y and Santoso M I 2018 Optimisation of capital structure and firm value Eur. Res. Stud. J. 21 705–13
[9] Chia Y E, Lim K P and Goh K L 2020 Liquidity and firm value in an emerging market: Nonlinearity, political connections and corporate ownership North Am. J. Econ. Financ. 52 101169
[10] Hapsoro D and Falih Z N 2020 The Effect of Firm Size, Profitability, and Liquidity on The Firm Value Moderated by Carbon Emission Disclosure J. Account. Invest. 21
[11] Patricia, Bangun P and Tarigan M U 2018 Pengaruh Profitabilitas, Likuiditas, dan Ukuran Perusahaan Terhadap Nilai Perusahaan dengan Kinerja Keuangan Sebagai Variabel Intervening (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia) Manaj. Bisnis Kompetensi 13 25–42
[12] Lase A Z, Jubi J, Susanti E and Putri D E 2019 Pengaruh Likuiditas, Aktivitas Dan Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan Sub Sektor Kabel Yang Terdaftar Di Bursa Efek Indonesia SULTANIST J. Manaj. dan Keuang. 7 56–63
[13] Lumentut F G 2019 Pengaruh Likuiditas, Profitabilitas, Solvabilitas, Dan Aktivitas Terhadap Nilai Perusahaan Mannufaktur Yang Terdaftar Di Indeks Kompas100 Periode 2012-2016 J. EMBA J. Ris. Ekon. Manajemen, Bisnis dan Akunt. 7 2601–10
[14] Selin Lumoly 2018 Pengaruh Likuiditas Dan Profitabilitas Terhadap Nilai Perusahaan EMBA 6 1108–17
[15] Zuhroh I 2019 The Effects of Liquidity, Firm Size, and Profitability on the Firm Value with Mediating Leverage KnE Soc. Sci. 3 203
[16] Permana A A N B A and Rahyuda H 2018 Pengaruh Profitabilitas, Solvabilitas,Likuiditas, Dan Inflasi Terhadap Nilai Perusahaan E-Jurnal Manaj. Univ. Udayana 8 1577
[17] Saif-Alyousfi A Y H, Md-Rus R, Taufil-Mohd K N, Mohd Taib H and Shahar H K 2020 Determinants of capital structure: evidence from Malaysian firms Asia-Pacific J. Bus. Adm. ahead-of-p
[18] Bama I, Maksum A and Adnans A A 2021 The Effect of Total Asset Turnover and Profitability on Firm value with Good Corporate Governance as Moderating Variable in Food and Beverage Subsector Manufacturing Companies Listed on the IDX 2010-2019 Int. J. Res. Rev. 8 559–67
[19] Modigliani F and Miller M H 1963 Income Taxes and the Cost of Capital Am. Econ. Rev. 53 433–43
[20] Al-Shammari H A, O’Brien W R and Albusaidi Y H 2013 Firm internationalization and IPO firm performance: The moderating effects of firm ownership structure Int. J. Commer. Manag. 23 242–61
[21] Bahraini S, Endri E, Santoso S, Hartati L and Marti PRAMUDENA S 2021 Determinants of Firm Value: A Case Study of the Food and Beverage Sector of Indonesia J. Asian Finance. 8 839–0847
[22] Stephen A.Ross 1997 The Determination of Financial Structure: The Incentive-Signalling Approach Bell J. Econ. 8 23–40
[23] Maxwell O and Kehinde F 2012 Capital Structure and Firm Value: Empirical Evidence from Nigeria International J. Bus. Soc. Science 3 252–61
Unduhan
Diterbitkan
2020-12-01
Cara Mengutip
Mugi Rahayu, & Subagyo, H. (2020). Analisis Faktor Determinasi Nilai Perusahaan . Kompak :Jurnal Ilmiah Komputerisasi Akuntansi , 13(2), 159–166. https://doi.org/10.51903/kompak.v13i2.684
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