Determinant of Firm Value: Empirical Study of Listed Energy Companies on the Indonesia Stock Exchange
Journal: THE INTERNATIONAL JOURNAL OF BUSINESS MANAGEMENT AND TECHNOLOGY (Vol.7, No. 1)Publication Date: 2023-01-30
Authors : Frima Mar'atush Sholihaand Triyono;
Page : 10-354
Keywords : Profitability; Liquidity; Company Growth; Company Size; Firm Value;
Abstract
This study aims to determine the effect of profitability, liquidity, growth, and size on firm value. The population of this study is energy companies listed on the Indonesia Stock Exchange in the 2017-2021 period. The sample is determined by purposive sampling method which results in fifteen companies involved in this research. Research data was collected from documentation from the IDX website and the company's annual report. Types of quantitative research. The analitycal technique used is multiple linear regression analysis with SPSS 24 software. The results show that: 1) profitability ratio measured by Return on Equity has an effect on firm value; 2) liquidity measured by Current Ratio has no effect on firm value; 3) company growth measured by total assets growth has no effect on firm value; 4) company size measured by natural logarithm of total assets has no effect on firm value.
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Last modified: 2023-02-02 16:50:39