Abstract
This research has been conducting before and during the Covid 19 pandemic and aims to test the effect of the Return on Equity (ROE) to the Price Book Value (PBV) of toll road subsector’s companies, airports, and the like on the Indonesian Stock Exchange (ISE) for 6 years in Indonesia. This type of research uses quantitative research and is equipped with verification with an explanatory survey method. The sampling method used a purposive. It took from five sample companies. Data analysis in this study used panel data regression with the results: The results of this study indicate that ROE has a strong effect on firm value.
Highlights
Return on Equity (ROE) is very influential growth of Price Book Value
The following is the Price Book Value (PBV) of toll road, airport and a similar sub-sector companies listed on the Indonesia Stock Exchange (ISE)
This study aims to examine the effect of ROE on the Price Book Value (PBV) of toll road, airport, and similar sub-sector companies in Indonesian Stock Exchange (ISE) before and during the Covid 19 pandemic
Summary
ROE is part of the profitability ratio. The ratio is the company's ability to generate profits at certain levels of sales, assets and share capital (Saha, 2021). In this case, the companies studied are the toll road, airport and a similar sub-sector companies listed on the Indonesia Stock. These companies play a role in the Indonesian economy. They are the lifeblood of economic activity. These business activities are to provide infrastructure for the means of transportation used in these activities
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