Abstract
This research has intend to reveal and investigate the impact of return on assets, return on equity, debt equity ratio, and firm size towards firm value of PT. Citra Marga Nusaphala Persada Tbk. The research Sampling used a quantitative approach. The Samples obtained and used were financial Statements of PT CMPN Tbk which have been published on the IDX with an observation period of 23 years with 2 semesters of each year. These research data used was secondary data through time series data analysis method. The results of this research shows that return on assets has a negative and significant affect on firm value; return on equity has a positive and significant affect on firm value; debt equity ratio has a negative and significant affect on firm value; firm size has no significant affect on firm value.
Highlights
Was in line with the research results from Febrina (2010) which defines that market share prices as a good reflection towards the firm value of the shareholders
This research population used is the financial statements of PT CMNP Tbk during period of 1995-2017
Coefficient of Determination (R2) Testing through multiple regression analysis which has been done by obtained R2 value of 0.345. This means that 34.5% of the variation in price of earning ratio (PER) which could be explained by the variables of ROA, ROE, DER and Firm Size
Summary
In order to support the progress on infrastructure in Indonesia, the expressway infrastructure (TOL) that needs to be developed and accelerated on its development. CMNP, Tbk. could be gathered by capital loans to banks and investment from investors by releasing the stocks of PT. The release of stocks publicly is a step which needs to be considered by PT. CMNP, Tbk. because by buying their stocks it helps PT. An indication feedback from the public which is increasingly interested in buying their stocks on the trading floor was an indication of the improvement in the value of companies owned by PT. Was in line with the research results from Febrina (2010) which defines that market share prices as a good reflection towards the firm value of the shareholders
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Dinasti International Journal of Economics, Finance & Accounting
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
