Price Book Research Articles

A Relationship Assessment Between Environmental Practices, Corporate Value, and CSR in Sustainability Context

AbstractThis study examines the influence of environmental performance disclosure within corporate social responsibility on company value. It assesses the impact of green intellectual capital (human, structural, and relational), green innovation (product and process), carbon emission disclosure, and eco-efficiency on Price Book Value (PBV). The sample includes 11 companies from the Sri Kehati Index 2018-2022, which apply Sustainable Responsible Investment (SRI) and ESG principles. Using multiple regression analysis, the findings reveal that green intellectual capital disclosure does not significantly affect company value. However, green innovation positively impacts PBV, suggesting its importance in enhancing corporate valuation. In contrast, carbon emission disclosure and eco-efficiency are found to negatively influence PBV. These results highlight the critical role of green innovation in driving company value while suggesting that certain environmental disclosures may lower valuations. The study provides valuable insights into how environmental practices affect corporate value within the framework of corporate social responsibility and sustainability. Keywords:Green Intellectual Capital, Green Innovation, Carbon Emissions Disclosure, Eco-Efficiency, Company Value

Pengaruh Informasi Akuntansi Terhadap Harga Saham pada Perusahaan Manufaktur

This study aims to analyze the impact of Earnings Per Share (EPS), Net Profit Margin (NPM), Debt to Equity Ratio (DER), and Price Book Value (PBV) on the stock prices of manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2020-2023. The research employs a quantitative method with secondary data sourced from the companies’ financial statements published on the IDX official website. The sample is selected using purposive sampling with criteria that include companies that publish complete financial statements, use Rupiah as their currency, and report profits during the study period. The analysis technique used is multiple linear regression. The results indicate that EPS significantly affects stock prices, while NPM, DER, and PBV do not show significant influence.

Uji Teori Institusional: Pengungkapan Emisi Karbon, Leverage, Profitabilitas, dan Nilai Perusahaan

Purpose: This study examines the impact of carbon emission disclosure, leverage, and profitability on firm value using institusional theory Research methodology: The research uses quantitative data from 10 energy companies listed on IDX (Indonesia Stock Exchange) between 2018-2022. The sample technique used was purposive sampling. Panel data regression is employed to analyze the data. Carbon emission disclosure is measured by GRI-305 (Global Reporting Initiative – 305), leverage by DAR (Debt-to-Asset) and profitability by EPS (Earning per Share) as independent variable, then firm value by PBV (Price Book Value) as dependent variable. Results: Carbon emission disclosure has a positive but insignficiant effect on firm value, leverage has a significant negative effect, while profitability shows a negative but insignificant effect on firm value. Limitations: The study’s sample size was limited due to the removal of outliers to meet classical assumption test, which may reduce the sample’s representativeness but improves data analysis quality. Contribution: This research is useful for investors, academics, companies, government, and the general public who want to know the benefits of carbon emissions disclosure, and the level of readiness of the Indonesian capital market in addressing climate change issues and disclosure of carbon emissions by companies.

Profitabilitas, Corporate Social Responsibility, Good Corporate Governance dan Ukuran Perusahaan terhadap Nilai Perusahaan Manufaktur di Indonesia

The value of a company can basically be measured through several aspects, one of the proxy that can be used is the price book value (PBV) or comparing the price of shares per share with the book value per share. This population study is a manufacturing company listed on the Indonesian Stock Exchange on the grounds that more manufacturing companies have an impact on the surrounding environment as a result of operational activities carried out with a population of 150 companies. Sampling using purposive sampling is the technique of taking samples with specific consideration. The sample for this study is 50 companies with 3 years of observation and a total of 150 observations. Profitability has a positive impact on the value of the company. CSR has a negative impact on company value. GCG positively affects company value and company size does not affect the company's value.

PENGARUH TAX AVOIDANCE TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN CONSUMER NON CYCLICALS SUB-SEKTOR FOOD AND BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESIA (2019 – 2021)

This study aims to examine and analyze the effect of tax avoidance as measured by the Effective Tax Rate (ETR) and Book Tax Difference (BDT) on firm value as measured by Price Book Value (PBV). food and beverage sector listed on the Indonesia Stock Exchange (2019-2021). The sample used in this study was taken using purposive sampling method. The sample in this study is 21 companies that have been selected from a population of 62 companies in the consumer non-cyclicals sector of the food and beverage sub-sector listed on the Indonesia Stock Exchange (2019-2021). This study uses data analysis techniques, namely descriptive statistical test, multiple linear regression analysis, classical assumption test and hypothesis testing using SPSS. The results of this study indicate that tax avoidance as measured by the Effective Tax Rate and Effective Tax Rate has no effect on firm value. Based on the results of the coefficient of determination obtained, it shows that there are other variables outside of this study that can affect firm value. Keywords: Book Tax Difference, Effective Tax Rate, Firm Value, Price Book Value , Tax Avoidance

Dampak Pandemi COVID-19 Dan Price Book Value Terhadap Return Saham

COVID-19 emerged as a worldwide pandemic starting in late 2019. The world economy experienced a major shock and many businesses and corporations went out of business due to the impact of this pandemic. Stock markets in all countries around the world are also experiencing turbulence and extraordinary price fluctuations. This study examines the effect of the COVID-19 pandemic and the Price Book Value ratio on stock returns in Indonesia. The data analysis method uses multiple linear regression methods on stocks that are members of the LQ45 index from 1 January 2020 to 26 November 2021. The results of this study indicate that the increase in COVID-19 cases and Price Book Value has a significant negative effect on stock returns. The results of this study provide empirical evidence that stock prices in the LQ45 index in Indonesia tend to decline when there is a significant increase in the COVID-19 case. Therefore, market participants can be more careful and cautious in taking their portfolio positions in investing in the Indonesian stock market during the COVID-19 pandemic. The limitations of this study show a low R2 coefficient, which means that many other variables still affect stock returns outside of this study. Future research can use other financial ratio variables, dividends and rights issues in explaining their effect on stock returns.

Print culture and economic constraints: A quantitative analysis of book prices in eighteenth-century Britain

Who could afford books in the late early-modern period? We explore how prices related to the demand for books in eighteenth-century Britain by analysing extensive bibliographic and socio-economic data based on Bayesian statistics and machine learning. Our results quantify in financial terms the difficulty of buying print products faced by most British households in the eighteenth century, and how this related to the varying levels of supply across price segments. We found no evidence of the well known claim that legislation would have led to lower prices. The inadequate supply and high cost of books make it likely that only higher-income households bought them regularly from the primary market.

Effect of capital structure, company size, profitability and liquidity on company value: evidence from Indonesia manufacturing companies

This research was conducted to determine whether PBV is influenced by capital structure, company size, profitability and liquidity. This research uses two kinds of theories: signaling theory and agency theory. The data used is secondary data from the Financial Statements of Manufacturing Industry Companies listed in the Indonesia Capital Market Directory in 2018-2021. This study used panel data with a sample of 74 from 135 companies during 2018-2021. Sampling technique using purposive sampling. The results were obtained in IDX manufacturing sector the debt equity ratio and firm size has a negative and insignificant effect on price book value. Return on equity negative and significant to price book value. Current ratio has a positive and insignificant effect on price book value. The purpose of this study also to determine the significance of the effect of debt equity ratio, firm size, return on equity and current ratio on price book value.

Analisis faktor-faktor yang mempengaruhi harga saham dengan nilai perusahaan sebagai variabel intervening

This research to assess Solvability and Profitability and their effect on stock prices and business value, this study involves an analysis of several factors, including the Dept. to Equity Ratio, Return on Investment, Stock Price, and Price Book Value. Utilizing secondary data in the form of annual financial reports from 2020–2021, research was conducted on LQ45 companies. The analysis tool used is SmartPLS. The list of LQ45 business actors registered on the Indonesia Stock Exchange from 2020 to 2022 is the basis for selecting the research population. A total of 98 financial reports from 32 companies are included in the sample selected based on the research criteria. The analysis results indicated that Solvability affects the company's value, while profitability does not have an impact. Additionally, both profitability and solvability do not have a significant influence on stock prices. However, stock prices are significantly influenced by the company's value. Solvability and profitability ratios do not show any observable impact on stock prices when the company's value is used as a mediator.

Analisis Pengaruh Struktur Modal Dan Profitabilitas Yang Mempengaruhi Nilai Perusahaan Pada Perusahaan Manufaktur Sektor Industri Pertanian Yang Terdaftar Di Bei Periode 2018-2022

The company value in this study is proxied by Price Book Value, which is the market ratio used to measure stock prices with the book value of shares. This study aims to test and determine the effect of capital structure proxied by Debt to Equity Ratio and Profitability proxied by Return on Equity on the value of companies listed on the Indonesia Stock Exchange. The sampling technique used purposive sampling with a total sample of 25 companies and the research data amounted to 125 data for the period 2018-2022. This study used time series data with multiple linear regression models. Hypothesis testing shows the regression coefficient value of the capital structure variable is -0.009 with a significance of 0.433> 0.05. Meanwhile, the regression coefficient value of profitability variable was 0.166 with a significance of 0.009 <0.05. The results of this study indicates that capital structure (DER) has a negative and insignificant effect on firm value, meaning that if the capital structure increases by one unit, the firm value will remain constant. While profitability (ROA) has a positive and significant effect on firm value (PBV), meaning that Profitability (ROA) has a significant effect on Firm Value in Manufacturing companies listed on the IDX that if profitability increases by one unit, the company value will increase.

The Effect of Financial Information on Decision Making to Purchase Shares Using the TOPSIS Method (Technique for Order Preference by Similarity to Ideal Solution)

In making stock investment decisions, it is important for investors to perform certain calculations and analyzes in order to be able to assess how well the performance of the issuer (company), with the aim of getting the expected rate of return and being able to minimize investment risk. This study was conducted to find out how the decisions that will be made by investors on buying shares on the Indonesia Stock Exchange using fundamental analysis. The difference between this study and previous research is that it adds a Positive Ideal Solution (PIS) and a Negative Ideal Solution (NIS) from financial information indicators ( Dept to Equity Ratio, Return on Equity, Net Profit Margin, Return On Assets, Earning Per Share, Price Earning Ratio). , and Price Book Value ) using the TOPSIS method. The sample in this study uses securities listed on the Indonesia Stock Exchange as many as 94 securities. The results showed that the Dept to Equity Ratio, Return On Assets, Earning Per Share, Price Earning Ratio, and Price Book Value had a significant effect on stock purchase decisions, while Return on Equity and Net Profit Margin had no effect on stock purchase decisions.

THE EFFECT OF ISLAMIC SOCIAL REPORTING (ISR) DISCLOSURE AND PROFITABILITY ON COMPANY VALUE

Company value is an indicator of how the market assesses the company as a whole. A high company value is the desire of shareholders, because a high value shows that their prosperity is also high. The aim of this research is to test the influence of the variables Islamic Social Reporting, ROA Profitability, ROE Profitability on company value as proxied by PBV (Price Book Value). The population in this research are companies registered on the Jakarta Islamic Index for the 2018-2020 period. A total of 28 companies were used as samples using purposive sampling techniques. The analysis technique used in this research is Multiple Linear Regression. The results of this research indicate that Islamic Social Reporting (ISR) has no effect on company value. Return on Assets (ROA) profitability has no effect on company value. Profitability Return on Equity (ROE) has a significant effect on company value.

Accounting Factors in Stocks Return: Companies Listed on the Asean Exchange

The capital market can provide investors, because the selected securities investments are expected to provide a level of return commensurate with the risk the investor bears. The phenomenon that is currently occurring shows that returns are decreasing shares occur in companies in the agricultural companies on the ASEAN, are faced with expectations in the form of investing capital is to obtain a high rate of return low risk. This would be contrary to basic investment principles namely High Risk High Return. Companies listed on the stock exchange are investment commodities with relatively high risk. The nature of investment shares is compassionate and changes to influences originating from within and outside the country, such as changes in politics, economics, government regulations, or modifications within the company or industry. This research aims to determine the factors that influence stock returns, which consist of price book value (PBV), debt-equity ratio (DER), and earnings per share (EPS)—using purposive sampling, with sample 14 agricultural companies listed on the ASEAN Exchange during the 2017-2022 period. Data analysis used multiple linear regression and the hypothesis test using the T-test with a significance level 0.05. The regression analysis results found that only the price book value (PBV) variable had a significant positive effect on stock returns. Meanwhile, the variables debt equity ratio (DER) and earnings per share (EPS) do not affect stock returns simultaneously

The Effect Of Market Value Ratio And Activity Ratio On Financial Distress In Technology Sector Companies Listed On The Idx 2021 - 2023

Technological developments in Indonesia have encouraged the growth of the technology sector, however the tech winter phenomenon in 2022 caused a decline in investor interest, resulting in funding difficulties and potential financial distress for technology companies. This can be seen from the significant decline in the ROA profitability ratio. The decline in ROA indicates that technology companies are increasingly inefficient in managing assets to generate net profits. This condition has certainly received attention and the author wants to evaluate it in depth to prevent more severe negative impacts in the future. The aim of this research is to examine the influence of Earning Per Share (EPS), Price Book Value (PBV), Total Asset Turnover (TATO), and Fixed Asset Turnover (FATO) on predicting financial distress using the Altman Z-Score model in sector companies technology listed on the Indonesia Stock Exchange (IDX) for the period 2021Q1 to 2023Q2. This research uses 13 samples of technology sector companies listed on the IDX with a study period of 3 years. The company's financial data was analyzed using panel data regression analysis techniques to determine the influence of the independent variables on the dependent variable. The results of this study show that TATO is partially significant and has a positive effect on financial distress. EPS, PBV, FATO are partially not significant effect on financial distress. For EPS, PBV, TATO, FATO simultaneously have a significant effect on financial distress in technology sector companies. The findings of this research are expected to provide valuable insights for investors, creditors and other stakeholders in assessing the financial risks of technology companies and help them reduce the risk of losses

The power of personalization: Hosts how to promote guest bookings by personalized responses

Scholars have started focusing on how host responses impact guest bookings. However, studies on the effect of hosts' personalized response strategies, reviewer-matching and content-matching, are still insufficient. Guide by the elaboration likelihood model, we regard reviewer-matching as a peripheral cue and content-matching as a central cue. Then, construct a theoretical framework to analyze their impact on subsequent guest bookings. The results show that (1) Content-matching is more effective in promoting guest bookings than reviewer-matching. (2) These positive impacts will weaken when the booking price increases. (3) When the host chooses entire rental listings, reviewer-matching will not be conducive to guest bookings. This study can provide valuable insight into future research on the underlying mechanism of exploring the effects of personalized responses. Meanwhile, hosts can better use reviewer-matching and content-matching response strategies based on our results.

Analysis Of Determinants Of Firm Value In Property And Real Estate Companies Listed On The Bei In 2019-2022

This study aims to analyze and determine the effect of profitability as measured by return on assets, solvency as measured by debt to equity ratio to company value measured by price book value. This research uses quantitative methods with secondary data sources in the form of the company's annual financial statements. The population of this study is property and real estate companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2022 period. The sampling technique used purposive sampling, and a sample of 37 companies was obtained. The data analysis technique uses multiple linear regression with the SPSS 25 program. The results showed that the return on assets and debt-to-equity ratio had no effect on the value of the company.

Determinan Nilai Perusahaan LQ 45 dengan Ukuran Perusahaan sebagai Pemoderasi

This study investigates the role of firm size as a moderating of profitability, leverage on firm value. This study uses Price Book Value (PBV) as a proxy for firm value in LQ45 index companies for the 2017-2021 period which has not been used by previous research. The findings of this study indicate that Return on Assets and Return on Equity as proxies for profitability have no effect on firm value. Then, company size has a significant effect on firm value, while the Debt to Asset Ratio and Debt to Equity Ratio as leverage proxies have no effect on firm value. Firm size can weaken the effect of profitability on firm value. Firm size can also moderate the relationship between leverage and firm value. The findings of this study imply that company size plays an important role in attracting investors, but if it is not accompanied by good financial performance management, it will actually lead to negative perceptions about the company's financial performance.

PENGARUH METODE RGEC TERHADAP NILAI PERUSAHAAN PADA BANK KONVENSIONAL YANG TERDAFTAR DI BEI

The purpose of this study is to determine how the influence of RGEC indirectly or not on company value. This research was conducted on conventional banking companies listed on the Indonesia Stock Exchange (IDX) in the period 2017 – 2021. This research uses quantitative methods by obtaining 38 conventional banking companies using this data analysis technique using smartPLS. From the results of the study shows that risk profile has a significant negative influence on company value, GCG (Good Corporate Governance) has a significant positive influence on company value, Earning has a significant positive influence on company value, and Capital has a significant positive influence on company value. The company’s own value uses PBV (Price Book Value).

Kontraksi Manufaktur di Indonesia: Pengaruh Rasio Fundamental Terhadap Harga Saham pada Awal Pandemi Covid-19

This study aims to obtain empirical evidence about the effect of a company's fundamental ratio on stock prices. The financial ratios used in this study are Return on Assets (ROA), Return on Equity (ROE), Earnings per Share (EPS), Price Book Ratio (PBR) and Price Earnings Ratio (PER). This study uses secondary data obtained from the OSIRIS database. The sampling technique was taken using a purposive sampling method of 122 manufacturing companies registered on the IDX in 2020. The analysis used in this study was using the multiple linear regression analysis method, which was preceded by the classic assumption test - normality test, multicollinearity test and heteroscedasticity test. The results showed that ROA, EPS and PBR partially have a significant effect on stock prices with a positive relationship. Meanwhile, ROE and PER partially have a significant effect on stock prices with a negative relationship. Simultaneously, ROA, ROE, EPS, PBR and PER have a significant effect on stock prices. The results of this study indicate that some financial ratios are still very useful for predicting the value of a company's shares, therefore investors must pay attention to the existence of the company's fundamental financial ratios in influencing the investment decisions to be made.

PENGARUH PER, DER, DAN PBV TERHADAP HARGA SAHAM STUDI PADAN INDEKS SAHAM IDX 80 YANG LISTING DI BEI PERIODE 2022

This study aims to obtain evidence regarding the effect of Debt to Equity Ratio (DER), Price Earning Ratio (PER), and Price Book Value (PBV) on stock prices. The population in this study amounted to 80 companies that were members of the IDX 80 stock index in 2022. This study uses a quantitative method consisting of classical assumption tests and multiple linear regression tests. The hypothesis in this study used a partial test or T test using the help of the SPSS 25 program. The results of this study indicate that the Debt to Equity Ratio (DER) and Price Earning Ratio (PER), have no effect on stock prices, while Price Book Value (PBV) has a significant effect on stock prices.