2018
DOI: 10.32535/jicp.v1i2.260
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The Effect of the Financial Ratio on Company Value of Pharmaceutical Companies Listed in Indonesia Stock Exchange in 2013 -2016

Abstract: This study aims to determine the effect of financial ratios on the value of pharmaceutical companies listed on the Indonesia Stock Exchange (BEI) during the period 2013-2016, either partially or simultaneously. The financial ratios studied are: current ratio (CR), debt to equity ratio (DER), return on assets (ROA), total assets turn over (TATO) and price earnings ratio (PER). The population in this study is a pharmaceutical company listed on the Indonesia Stock Exchange (BEI) in 2013 to 2016. Research samples … Show more

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“…So the ratio of return on assets (ROA) can affect the value of the company so as to provide a signal and trust for investors and potential investors. This is in accordance with research conducted by Monalisa & Yahya, (2019), Winarso, (2018), Listari, (2018 stating that return on assets (ROA) has a positive and significant effect on firm value.…”
Section: Discussionsupporting
confidence: 92%
See 1 more Smart Citation
“…So the ratio of return on assets (ROA) can affect the value of the company so as to provide a signal and trust for investors and potential investors. This is in accordance with research conducted by Monalisa & Yahya, (2019), Winarso, (2018), Listari, (2018 stating that return on assets (ROA) has a positive and significant effect on firm value.…”
Section: Discussionsupporting
confidence: 92%
“…Utami & Pernamasari, (2019) explained profit is a performance measure used to see the efficiency of management in using its assets, therefore competition is a trigger for management to manage company assets efficiently. This result is in line with several other studies such as Winarso, (2018), Listari, (2018 and Azari & Fachrizal, (2017) which says that earnings performance can give effect to firm value. But according Meivinia, 2018) ROA has no significant effect on firm value, because besides the profit factor, there are many other factors that can affect the value of the company, for example the company's debt policy.…”
Section: Introductionsupporting
confidence: 92%