Efek Kinerja Keuangan Dan Kebijakan Keuangan Terhadap Nilai Perusahaan

Agustinus Miranda Wijaya,Jusuf Luther Mappadang,Agoestina Mappadang

doi:10.36407/akurasi.v3i3.529

Abstract

This study is aimed to examine the effect of financial performance and financial policy using variables the Return on Equity (ROE), Return on Assets (ROA), Firm Size (SIZE), Debt to Equity Ratio (DER), and Earning per Share (EPS) towards firm value indicated by Price to Book Value (PBV) of plantation sector companies listed in the Indonesia Stock Exchange. The data is obtained from the company's financial statements for the 2016-2020 consecutive year. The data was processed using Multiple Regression Analysis with SPSS 25. The results showed that profitability indicated by return on equity (ROE) had a positive and significant effect on the firm value indicated by Price to Book Value (PBV). Return on Assets (assets) has a positive and significant effect on firm value as indicated by Price to Book Value (PBV). Firm size has a positive but non-significant effect on firm value. The debt to Equity Ratio has a significant negative effect on firm value. Earning per share has a positive and significant effect on firm value. Simultaneously, Return on Equity (ROE), Return on Assets (ROA), Company Size (SIZE), Debt to Equity Ratio (DER), and Earning per Share (EPS) has a significant effect on firm value as indicated by Price to Book Value ( PBV)

Highlights

Pandemi Covid-19 sepanjang tahun 2020 telah melumpuhkan beberapa sektor industri, baik industri manufaktur, maupun industri perbankan dan jasa keuangan dan jasa lainnya
Rasio harga pasar terhadap nilai buku (Price to Book Value) merupakan perbandingan antara harga pasar per lembar saham dengan nilai buku per lembar saham
Berdasarkan hasil uji t di atas dapat dijelaskan beberapa hal sebagai berikut: Variabel return on equity (ROE) memiliki pengaruh positif terhadap nilai perusahaan yang diindikasikan oleh price to book value (PBV) sebesar 27,804 dengan nilai thitung sebesar 6.896 dan nilai signifikansi 0.000

Summary

Efek Kinerja Keuangan Dan Kebijakan Keuangan Terhadap Nilai Perusahaan

Agoestina Mappadang1, Jusuf Luther Mappadang, & Agustinus Miranda Wijaya3 1Fakultas Ekonomi dan Bisnis, Universitas Budi Luhur, DKI Jakarta 2Fakultas Teknik, Politeknik Negeri Manado; Sulawesi Utara2 3Fakultas Ekonomi dan Bisnis, Universitas Pancasila, DKI Jakarta3

Signaling theory

DEBT TO EQUITY

HASIL DAN PEMBAHASAN

Mean Square

Pengujian Hipotesis Parsial

Collinearity Statistics