Price Book Research Articles

Pengaruh Keputusan Investasi Keputusan Pendanaan Dan Kebijakan Dividen Terhadap Nilai Perusahaan Indexs High Dividen 20 Yang Terdaftar Di BEI Pada Tahun 2017-2021

This study aims to examine the effect of investment decisions, funding and dividend policies on firm value. The research was conducted at High Dividend Index (IHD) companies listed on the Indonesia Stock Exchange in 2021. The research method used is descriptive verification. The data collected is secondary data, namely data regarding investment decisions, funding, dividend policies and company values ​​available from 2017 to 2021. Data obtained from the official website of the Indonesia Stock Exchange and the company's official website. The data analysis method used is panel data regression analysis. The results of the study show that investment decisions have no effect on firm value, funding decisions have an effect on firm value, dividend policy has an effect on IHD company value on the IDX in 2017-2021. Then, simultaneously, investment decision variables measured using Total Asset Growth (TAG), funding decision variables measured using the Dept to Equity Ratio (DER) and dividend policy variables measured using the Dividend Payout Ratio (DPR) have an effect on measured company value using Price Book Value (PBV).

Вплив співвідношення балансової вартості, прибутку на акцію та співвідношення боргового і власного капіталу на ціни акцій компаній на прикладі компаній, що котируються на фондовій біржі Індонезії

Listed on the Indonesia Stock Exchange. Scientific and methodical article. This research is a study conducted to determine the effect of Price Book To Value, Earning Per Share and Debt Equity Ratio on the Share Price of Property, Real Estate and Building Construction Companies Listed on the Indonesia Stock Exchange for the 2018-2021 Period. This study uses a quantitative approach with secondary data sources obtained from the company's financial statements published at www.idx.co.id. The sampling technique in this study is to use purposive sampling technique, with a total of 10 companies with data for 4 years so that it has a total sample of 40 data. The results of this study indicate that Price Book To Value, Earning Per Share, Debt Equity Ratio has a significant positive effect on stock prices in Property, Construction and Real Estate companies listed on the IDX.

Nilai Perusahaan Food & Beverage Yang Terdaftar Di Bursa Efek Indonesia Pada Periode 2018-2022 Yang Dipengaruhi Oleh Rasio Profitabilitas, Rasio Aktivitas, Dan Rasio Leverage

This study aims to analyze the effect of Return On Assets, Curret Ratio, Debt to Asset Ratio on Price Book Value. The population in this study are Food & Beverage companies listed on the Indonesia Stock Exchange. Sampling in this study used a purposive sampling technique in order to obtain a sample of 26 with each period of 5 years. The data that can be obtained in this study is 130 data resulting from the number of samples multiplied by the period. The analytical method of this study uses panel data regression with the STATA Statistics application version 17. Partially, the results of this study indicate that Return On Assets has a negative and significant effect on Price Book Value. Current Ratio has a negative and significant effect on Price Book Value, and Debt to Asset Ratio has a positive but not significant effect on Price Book Value. Simultaneously Return On Assets, Current Ratio, and Debt to Asset Ratio have a significant effect on Price Book Value.
 Keywords: Return On Assets;Current Ratio;Debt to Asset Ratio;Price Book Value

Fundamental and Technical Analysis of IPO Company Stocks in 2014

This study aims to identify and analyze the stocks of companies that went IPO in 2014 using fundamental and technical analysis with the variables Return on Assets (ROA), Return on Equity (ROE), Earnings per Share (EPS), Debt Equity Ratio (DER), Price Earning Ratio (PER), Price Book Value (PBV) and Trading Volume (VP). The approach used in this research is quantitative, with a purposive sampling data collection technique and a total sample size of 126. The data analysis technique used is panel data regression with a random effect model. The results showed that Return on Assets (ROA), Return on Equity (ROE), Debt Equity Ratio (DER), Price Earning Ratio (PER), Price Book Value (PBV), and Trading Volume (VP) had no effect, and were not significant on the IPO share price in 2014, while Earnings per Share (EPS) had a positive and significant influence on the IPO share price in 2014. The variables jointly affected the IPO share price in 2014.

The Influence of Operating Cash Flows, Investments Cash Flow, and Funding Cash Flow on the Company Value in Technology Sector

Investors use the company value as one of the benchmarks in investing the capital since the value is generated from the share price with the basis of the company performance and the public assessment on that performance. The company value can be measured by Price Earning Ratio (PER), Price Book Value (PBV), and Tobin's Q. Price Book Value is selected in this research as its measurement. The research subjects were technology-based companies listed in the Indonesian stock exchange. From the data obtained, it was indicated that there were fluctuations in the value of technology-based companies. This is a dilemma for both the companies and the investors on the grounds that not only the management but also the investors expect the company value to consistently increase. The research sample were 28 companies that met the criteria, within the periods of 2019-2022. The method used was quantitative research with multiple regression analysis as its analytical tool. The results indicated that the operating cash flow, the investment cash flow, and the financing cash flow have no effects on the firm value.

Pengaruh Penerapan International Financial Reporting Standards (KFRS) Terhadap Nilai Perusahaan Pada Perusahaan Sub Sektor Food and Beverage yang Terdaftar di Bursa Efek Indonesia

This study aims to examine whether there is an effect of IFRS implementation on financial reports listed on the IDX, especially on company value in the capital market. This study uses the Chow test. The research population is companies that are included in the Food and Beverage industry in the period 2017-2021. The research sample was determined using purposive sampling. Processing was carried out by grouping the data into before the application of IFRS and after the application of IFRS. This research method is quantitative, data processing uses SPSS 26. The research variables measured are Net Profit Margin (X1), Price Book Value (Y). From the research results, it can be concluded that firm value in the Food and Beverage industry is affected by the application of IFRS.

The Sources for the Studies on the Development of the Publishing Market and Book Prices in the 18th-century Poland

The article focuses on the book production in the 18th century, referring to the preserved documents enabling studies on the publishing process, and the development of book prices at the final period of the noble Polish Republic. Preserved account books present management strategies of publishing companies, the cost of materials, and ways to price the work of typesetters and printers. The other source consists of inserate prints announcing publishing subscriptions, and giving accounts of subsequent editorial and printing works. These materials are extremely valuable, as there are only a very few of them preserved in Poland due to changing fortunes of the printing houses.

Faktor- Faktor yang Memengaruhi Return Saham Pada Perusahaan Mining yang Terdaftar di Bursa Efek Indonesia Periode 2011-2020


 
 
 The purpose of this study was to determine the effect of return on equity, debt-to-equity ratio, total asset turnover, earnings per share, price book to value, market value added, economic value added, and net profit margin on stock returns in the mining sector companies that listed on the Indonesia Stock Exchange for the 2011- 2020 period. The object used in this study is the Mining sector companies listed on the Indonesia Stock Exchange. This study used a sample of 13 companies using the Purposive Samplings data collection technique. Methods of data analysis using multiple regression analysis with panel data approach. The results of this study, return on equity, debt-to-equity ratio, total asset turnover, earnings per share, market value added, economic value added, and net profit margin does not affect stock returns. Meanwhile, price book to value and market value added affect stock returns.
 
 

Pengaruh DER dan NPM terhadap Nilai Perusahaan pada Perusahaan Properti dan Real Estate yang terdaftar di BEI

This study aims to identify significant influence between Debt to Equity Ratio (DER) and Net Profit Margin (NPM) on firm value proxied by Price Book Value (PBV) in property and real estate companies listed on the Indonesia Stock Exchange. This study uses a multiple linear regression method with quantitative approach and uses a purposive sampling method with sampling techniques on property and real estate companies listed on the Indonesia Stock Exchange for the 2017-2019 period. The final sample of the study was 39 firm-years. The results of this study indicate that there’s a significant effect of Debt to Equity Ratio (DER) on Firm Value and there’s no significant effect on Net Profit Margin (NPM) on Firm Value. This research was expected to be a reference and material for consideration in making investment decisions for investors, as well reference for considering company value and efforts to increase company value in order to attract investors to invest their capital for the company. Keywords : DER, NPM dan Firm Value

The Influence of Dividend Policy, Investment Decisions and Funding Decisions on the Value of Infrastructure, Utilities & Transportation Companies Listed on the IDX for the 2019-2021 Period

The company as an economic entity has short term and long term goals, in the short term the company aims to generate maximum profits and the long term goal is to increase the value of the company. The Covid-19 pandemic in Indonesia affected the business management of a company in the infrastructure, utilities and transportation sector, which experienced a decline in company performance. Company value as measured by Price Book Value (PBV) for the infrastructure, utilities and transportation sectors has fluctuated from 2019 – 2021. Internal factors include dividend policy, investment decisions and funding decisions. To determine the effect of dividend policy, investment decisions and funding decisions on firm value is the aim of this study. This type of research is a quantitative approach. This study uses secondary data taken through the IDX data website. Sampling method used is purposive sampling. The sample used in this research is 13 companies consisting of the infrastructure, utilities and transportation sectors which are listed on the Indonesia Stock Exchange for the 2019-2021 period. The data analysis technique uses multiple linear regression analysis with the SPSS 25 program. Based on the results of the study, it shows that the dividend policy variable has no effect on firm value, investment decisions have a positive and significant effect on firm value and funding decisions have a significant negative effect on firm value.

Examining the sources of pricing power on Airbnb

ABSTRACT Pricing power, a firm’s ability to set prices above the competition without tempering demand, is a critical concern for any business. However, it has received little attention in the Airbnb pricing literature, although revenue maximization through effective pricing is a key priority for many Airbnb hosts. The Airbnb pricing literature has mainly examined price differences among diverse Airbnb properties, which fails to capture pricing power, as the properties being compared do not compete for the same guest segments. To address this gap, the present study examines pricing power and its sources on Airbnb. Drawing on the pricing power literature, the study develops a measure of pricing power based on a property’s ability to set prices higher than the average price set by similar properties on Airbnb. Using data from thousands of Airbnb listings in Denver City from 2019 (before the COVID outbreak), the study estimates a model in which a property’s pricing power is regressed on a range of property-, host-, and guest-related factors. The findings show that the most significant drivers of a property’s pricing power are guest capacity (–), competition (–), distance (+), and booking price (+). The study discusses the implications of these findings.

Making Investment Decisions on Shares of Bank Syarī’ah Indonesia Company with Price to Book Value (PBV) Approach

This research was conducted to determine the fundamental condition of Bank Syarī’ah Indonesia company in making investment decisions in Bank Syarī’ah Indonesia company (issuer code: BRIS). This research uses a quantitative method with a Price Book Value (Pbv) approach. The data used in this study is secondary data obtained from the Indopremier Securities, Stockbit Securities, and RTI Business applications, which originate from the annual reports of Bank Syarī’ah Indonesia companies for the 2018-2022 period, to be precise in the 3rd Quarter of 2022. The fundamental analysis forms by looking at the profile and the company's prospects, then analyzing the company's performance through the company's financial statements from 2018 to 2022. Fundamental analysis is also carried out by comparing the performance of Bank Syarī’ah Indonesia company with competitors in shares of the Syarī’ah financial sector, namely BTPN Syarī’ah (issuer code: BTPS) and Bank Aladin Syarī’ah (issuer code: BANK). Activities are carried out by calculating the intrinsic value or fair price of Bank Syarī’ah Indonesia shares using the PBV approach and completing investment decisions. The study found that Bank Syarī’ah Indonesia's corporate performance is good. The company's fundamental condition is also good, and its stock valuation is undervalued; based on these two analyses, Bank Syarī’ah Indonesia's shares are worth buying.

Net Profit Margin, Earnings per Share, Return on Asset, Debt Equity Ratio, and Current Ratio on Firm Value in Agricultural Sector Companies Listed on Indonesia Stock Exchange 2016-2021

This research purposed to determine the effect of net profit margin, earnings per share, return on asset, debt-equity ratio, dan current ratio on firm value in agricultural sector companies listed on the Indonesia Stock Exchange in 2016-2021. This study uses secondary data. The sampling technique in this study used purposive sampling. The number of samples obtained was 25 companies. The analysis method of this research uses descriptive analysis and used SmartPLS software. From this research, it can be concluded that Net profit margin has a negative and significant effect on price book value. Return on asset and debt-equity ratio has a positive and significant impact on price book value. Earnings per share partially had a negative and not significant effect on price book value. The current ratio partially had a positive and insignificant effect on price book value.

Determinants of Financial Performance on Firm Value in Textile and Garment Sub-Sector Companies Listed on the Indonesia Stock Exchange (IDX)

Stock investment is an investment that is considered exclusive for investors. One thing that needs to be known when investing is price-to-book value. The importance of price to book value for investors is the urgency of this study. This study aimed to analyze the factors that can influence Price to Book Value. This study is a quantitative study, using secondary data from textile and garment companies listed on the Indonesia stock exchange for the 2018-2021 period. A total of 8 companies were included in this study. Data were analyzed using multiple linear regression. The results of this study indicate that partially the return on assets and total asset turnover variables have no significant effect on the price book value, while the current ratio and debt to equity ratio have a significant effect on the price to book value. But simultaneously, return on assets, total asset turnover, current ratio, and debt to equity ratio have a significant effect on price to book value.

DETERMINANTS OF COMPANY STOCK SPLIT DECISIONS (STUDY ON GO PUBLIC COMPANIES LISTED ON THE BEI)

This study aims to determine the effect of the high level of stock prices, company financial performance, and stock trading liquidity on stock split decisions in companies listed on the Indonesia Stock Exchange. It uses a quantitative approach. The research population includes all companies listed on the Indonesia Stock Exchange in the 2014-2016 period. The sample was determined by purposive sampling technique and 40 companies were obtained. The analytical method used in this study is logistic regression analysis.Based on research results, it can be concluded that the level of overpriced stock prices by proxy Price Earning Ratio (PER) has a significant positive effect on the company's stock split decision. The level of expensive stock prices proxied by Price Book Value (PBV) has a significant positive effect on the company's stock split decision. The company's financial performance by proxy Earnings Per Share (EPS) has a significant positive influence on the company's stock split decision. The company's financial performance proxied by Return on Assets (ROA) has a significant negative effect on the company's stock split decision. Stock trading liquidity proxied by Trading Volume Activity (TVA) has a significant negative effect on the company's stock split decision. The Nagelkerke R Square value in this study is 0. 702 which means the ability of the variable level of expensive stock prices, the company's financial performance, and stock trading liquidity explains the company's decision variable to do a stock split of 70.2%. The remaining 29.8% of the dependent variable is explained by other factors outside the model.

The Effect of Fundamental Factors in Pandemic Context on Earnings Response Coefficient

Fundamental factors are important factors for investors in viewing the condition of the company. Especially the Earnings Response Coefficient is the interesting indicator for investors to watch. This study aims to analyze empirical evidence of firm size, Debt Equity Ratio, and Price Book Value from the company's fundamental factors on the Earnings Response Coefficient. The population in this study are Food, Beverage & Hotel Companies on the Indonesia Stock Exchange for the 2018-2021 period. Sampling in this study used a purposive sampling method which resulted in as many as 116 research samples. The analysis technique uses multiple linear regression analysis. The results of the Firm Size test had a significant effect on the Earnings Response Coefficient (ERC). The results of the Debt Equity Ratio (DER) test had a significant effect on the Earnings Response Coefficient (ERC). The results of the Price Book Value (PBV) test had a significant effect on the Earnings Response Coefficient (ERC). Meanwhile, when the Pandemic Covid-19 the test results had not a significant effect on Earnings Response Coefficient (ERC).

Analysis of the Impact of Acquisition on Firm Financial Performance

This study aims to prove that firms carry out an acquisition strategy intending to obtain additional funds to achieve better firm synergy and encourage increased firm performance. This study uses a comparative research method. The research sample comprised 18 manufacturing firms that made acquisitions between 2008 and 2020. The analytical tools used were the paired sample t-test and the Wilcoxon signed rating test. The research results show that return on equity (ROE)manufacturing firms have a significant difference before and after the acquisition. Moreover, there is no significant difference in the current ratio, asset turnover ratio, debt to equity ratio, and price book value ratio of manufacturing firms before and after the acquisition. In contrast, the ratio of return on equity of manufacturing firms has a significant difference between before and after the acquisition. This study's results indicate that the acquisitions made by firms do not make a significant difference to manufacturing firms

THE EFFECT OF INVESTMENT DECISIONS AND DIVIDEND POLICIES ON COMPANY VALUE

This study aims to see the influence of investment decisions measured by Price Earning Ratio (PER) and dividend policy measured by Dividend Payout Ratio (DPR) on company value measured by Price Book Value (PBV). The sample of this study consisted of 11 companies included in the LQ-45 group listed on the Indonesia Stock Exchange (IDX). This study uses classical assumption tests (nomality test, multicollinearity test, heteroscedasticity test, autocorrelation test) and hypothesis with multiple linear regression test which shows that all variables used have been free of multicollinearity, heteroscedasticity, autocorrelation and all these variables are normally distributed. In addition, this study used SPSS version 21.00. The results of this study show that partially investment decisions have a significant effect on company value and dividend policy does not have a significant effect on company value. However, simultaneously all independent variables in this study have a significant effect on the value of the company.

Pengaruh Penerapan ESG Terhadap Nilai Perusahaan di Indonesia

The development of the application of environmental, social, and governance aspects for companies continues to increase. This can be seen by the growing sustainability investment from many companies that pay attention to good environmental, social, and governance aspects. Companies in Indonesia that are listed on Indonesian stock exchange and implement environmental, social, and governance continue to experience an increase in massive exploitation of resources for large financial gains causing enormous environmental damage. This study aims to investigate the effect of environmental, social, and governance on firm value in Indonesia. Firm value will be measured using return on equity and price book value. Meanwhile, environmental, social, and governance will be measured using the environmental, social, and governance index value. A total of 45 companies on the Indonesian Stock Exchange for 3 years from 2018-2020 were used. The effect of environmental, social, and governance on company performance is measured using a panel model after correcting violations of its assumptions. The results showed that the environmental, social, and governance variable had a negative and significant effect on return on equity and had no effect on simplified Tobin's. Companies need to improve environmental, social, and governance performance due to the low environmental, social, and governance values during this research period. Improved environmental, social, and governance performance is expected to improve other aspects including company performance

The Influence of ROA, DER, Total Asset Turnover and Sales Growth on Firm Value (Study of Companies in the Consumption Goods Industrial Sector Listed on The IDX for The 2017-2021 Period)

This study aims to examine the effect of Return on Assets (ROA), Debt to Equity Ratio (DER), Total Asset Turnover and Sales Growth on Firm Value. The sample of this research is consumer goods industry sector companies listed on the Indonesian stock exchange from 2017-2021 using a purposive sampling method. There are 18 companies in the consumer goods industry sector that meet the criteria to be used as research samples. The analytical method used in this study is multiple linear regression. The dependent variable in this study is company value, measured using price book value (PBV). The results of this study indicate that ROA and Total Asset Turnover have a positive and significant effect on firm value, while DER and Sales Growth have no effect and are not significant on firm value. Simultaneously there is a significant effect on the variables ROA, DER, Total Asset Turnover and Sales Growth on Firm Value.