Effects of Return on Asset, Debt to Asset Ratio, Current Ratio, Firm Size, and Dividend Payout Ratio on Firm Value

Husna, Asmaul; Ibnu, Satria

doi:10.32479/ijefi.8595

Cited by 203 publications

(303 citation statements)

References 19 publications

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“…Supervision from parties related to the company can minimize this, reducing agency costs and increasing profitability and company value. The results of this study are consistent with the studies conducted by Becker (2010), John and Adebayo 2013, and Missy et al (2016), Hirdinis (2019), Husna and Satria (2019), and Al-Slehat (2020).…”

Section: Discussionsupporting

confidence: 93%

“…Agency theory by Jensen and Meckling (1976) suggests that company size will affect company performance because of its impact on ownership structures that produce conflicts of interest. Studies by several researchers, including Becker et al (2010), John and Adebayo (2013), Abbas et al (2013), Niresh and Velnampy (2014), Husna and Satria (2019, prove that company size has a significant effect on financial performance and company value.…”

Section: Introductionmentioning

confidence: 98%

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Impact of Structural Capital and Company Size on the Growth of Firm Value through Financial Performance with Good Corporate Governance as a Moderating Variable: Property and Real Estate Business in Indonesia

I¹,

Ida²,

Rahyuda³

2020

IJEBA

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Purpose: This study aims to examine the role of good corporate governance in moderating the effect of capital structure and firm size on financial performance and its impact on the value of property and real estate companies in Indonesia. Approach/Methodology/Design: The study population is a company incorporated in Indonesia's property and real estate industry and was listed on the Indonesia Stock Exchange (IDX) in 2013-2018. Data collection is done by distributing questionnaires offline and online using Google forms that have been tested with validity and reliability testing. The data analysis technique used is the SEM-PLS Analysis technique. Findings: The results showed that the mechanism of good corporate governance in the form of board affiliation, the size of the board of directors, and the presence of an audit committee moderated the decision of capital structure and firm size that influenced financial performance and firm value. This study also proves the direct and indirect effect of capital structure decisions on financial performance and firm value. Another finding is the indirect effect of company size on firm value through financial performance. Practical Implications: Board affiliation can reduce asymmetric information so that management will make decisions and act on shareholders' interests. Originality/Value: Mechanism through good corporate governance and the use of debt as control over the manager's performance will reduce the occurrence of agency problems.

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Section: Discussionsupporting

confidence: 93%

Section: Introductionmentioning

confidence: 98%

Impact of Structural Capital and Company Size on the Growth of Firm Value through Financial Performance with Good Corporate Governance as a Moderating Variable: Property and Real Estate Business in Indonesia

I¹,

Ida²,

Rahyuda³

2020

IJEBA

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“…Profit tyang ttinggi takan tmemberikan tindikasi tprospek perusahaan yang baiktsehingga dapat tmemicu tinvestor tuntuk tikut tmeningkatkan permintaan tsaham. tPermintaan tsaham tyang tmeningkat ttentunya takan menyebabkan tnilai tperusahaan tyang tmeningkat tpula (Husna & Satria, 2019) Profitabilitas tmerupakan tsalah tsatu tfaktor tyang tsecara tteoritis menentukan tnilai tsuatu tperusahaan. tPerusahaan tyang tmampu tmenghasilkan laba tyang ttinggi tdan tstabil takan tmenarik tpara tinvestor tuntuk tmenanamkan sahamnya tpada tperusahaan, karena tsecara tlangsung takan tmenguntungkan bagi investor.…”

Section: Gambar 1 Grafik Indeks Harga Saham Perusahaan Real Esate Daunclassified

Leverage, Profitabilitas, Dan Kepemilikan Manajerial Berpengaruh Terhadap Nilai Perusahaan Pada Perusahaan Real Estate Dan Property

Widayanti

Yadnya

2020

EJMUNUD

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Company Value is the main goal that must be achieved by the company. Investors will look for companies that have good prospects to get high level of company return. This will certainly affect the prices of a company's stock market, which reflects the value of the company. The purpose of this study was to determine the effect of leverage, profitability, and managerial ownership on firm value. The study was conducted on Real Estate and property companies on the Indonesia Stock Exchange 2014-2018. The samples used were 15 companies, with purposive sampling. Data collected using non-participant observation through financial statement on the Indonesia Stock Exchange. Multiple linear regression was used. In this study it was found that leverage, profitability and managerial ownership had positive effect on firm value. The company is expected to pay attention to the leverage ratio, profitability, and managerial ownership so that the company's value increases. Keywords: Leverage, Profitability, Managerial Ownership, Company Value

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“…Calon investor akan melihat adanya nilai tambah pada perusahaan apabila kinerja keuangan meningkat dan akan menanamkan modalnya lebih banyak sehingga harga saham akan tinggi yang berdampak pada meningkatnya nilai perusahaan. Penelitian yang dilakukan oleh Ibrahim(2017), Sudiyatno et al, (2015), Hirdinis (2019), Husna & Satria (2019) dan Tui et al, (2017) menunjukkan hasil bahwa kinerja keuangan berpengaruh positif terhadap nilai perusahaan. H 5 : Kinerja keuangan berpengaruh positif pada nilai perusahaan.…”

Section: Pendahuluanunclassified

Pengaruh Good Corporate Governance pada Nilai Perusahaan dengan Kinerja Keuangan sebagai Variabel Mediasi

Putra

Wirawati

2020

E-Jurnal Akuntansi

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ABSTRAKPerusahaan tidak hanya bertujuan untuk mendapatkan laba tetapi juga ingin memaksimalkan nilai perusahaan yang dapat tercermin dari harga saham perusahaa. Penelitian bertujuan untuk menguji pengaruh dari good corporate governance pada nilai perusahaan dengan kinerja keuangan sebagai variabel mediasi. Penelitian dilakukan pada perusahaan LQ45 yang terdaftar di BEI tahun 2017-2018. Sampel ditentukan dengan purposive sampling dan didapatkan sampel sejumlah 32. Teknik analisis data yang digunakan adalah analisis jalur. Hasil analisis menunjukkan kepemilikan manajerial dan kepemilikan institusional tidak berpengaruh pada kinerja keuangan, kepemilikan manajerial dan kepemilikan institusional tidak berpengaruh pada nilai perusahaan, kinerja keuangan berpengaruh positif pada nilai perusahaan, dan kinerja keuangan tidak mampu memediasi hubungan antara GCG dengan nilai perusahaan. E-JA e-Jurnal Akuntansi ABSTRACTA firm not only aims to get profits but also maximize its value which can be reflected in stock price. Research aims to examine the effect of good corporate governance on firm value with financial performance as a mediating variable. The study conducted on LQ45 companies listed on Indonesia Stock Exchange in 2017-2018. Sample determined by purposive sampling with 32 samples. Path analysis was used. analysis showed managerial ownership and institutional ownership had no effect on financial performance, managerial ownership and institutional ownership had no effect on firm value, financial performance had a positive effect on firm value, and financial performance was unable to mediate the relationship between GCG and firm value.

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Effects of Return on Asset, Debt to Asset Ratio, Current Ratio, Firm Size, and Dividend Payout Ratio on Firm Value

Cited by 203 publications

References 19 publications

Impact of Structural Capital and Company Size on the Growth of Firm Value through Financial Performance with Good Corporate Governance as a Moderating Variable: Property and Real Estate Business in Indonesia

Impact of Structural Capital and Company Size on the Growth of Firm Value through Financial Performance with Good Corporate Governance as a Moderating Variable: Property and Real Estate Business in Indonesia

Leverage, Profitabilitas, Dan Kepemilikan Manajerial Berpengaruh Terhadap Nilai Perusahaan Pada Perusahaan Real Estate Dan Property

Pengaruh Good Corporate Governance pada Nilai Perusahaan dengan Kinerja Keuangan sebagai Variabel Mediasi

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