Determinants of Company Value (PBV) And Their Impact on Share Returns: A Case Study of Stock Price Index in Mining Companies Listed on the Indonesia Stock Exchange (IDX) 2017–2020

Abstract

The author conducted this research to comprehend and analyze the company's performance which will focus on the financial ratio, they are Total Asset Turnover Ratio (TATO), Debt to Equity Ratio (DER), Current Ratio (CR) which influenced by company value and the impact on Stock Returns (SR). The value of the company in this research is calculated using Price to Book Value (PBV). The research data is taken from companies active on the Indonesia Stock Exchange from 2017 to 2020, especially in the mining sector. This research uses a selected sample of 29 companies with panel data analysis method which is processed using the "Eviews 11" data processing program. The research results show that stock returns (SR) are not influenced by CR, but TATO, DER and PBV have a significant effect on stock returns (SR). TATO, DER, and CR together have a significant effect on SR and also on PBV. The impact on the dependent variable (SR) which is influenced indirectly by the independent variable (CR, DER TATO) is proven to be more dominant than the direct effect.

Comprehensive Method for Estimating the Time and Expenditures Required for Mine Liquidation Processes of Business Processes

“…Closure duration is influenced by the logical sequence of facility closure, the duration of tender processes, and demolition techniques employed. At SRK S.A., mine closure processes are categorized into 10 sub-processes guided by principles of process management [40,42,45]. Each process outlined in Figure 1 encompasses its unique set of operations and tasks.…”

The Impact of Governance, Audit Quality, and Financial Performance on Increasing Corporate Value

“…Conversely, slow asset turnover indicates that the assets owned are too large compared to the ability to sell them, to maximize shareholder wealth which gives confidence to investors to invest their capital, providing signal information about the company's prospects for user financial statements. Results by Salim and Prasetia (2022)state that TATO significantly affects company value. ROA measures management's ability to perform efficiently in managing its assets to obtain profits within a certain period, besides having an important role in the survival of the company the in future, investors will take advantage of the company's growth opportunities.…”