Meningkatkan Kinerja Keuangan dan Nilai Perusahaan Dalam Berinvestasi

Yudhistira Ardana

Abstract


This study aims to determine the effect of financial performance on firm value. Data collection was carried out from 2012 until 2017. This study analyzed the effect of financial performance which is proxied by 3 (three) independent variables, namely quick ratio, Return on Assets (ROA), Debt to Total Assets Ratio to Price Book Value (PBV) for companies listed in the Jakarta Islamic Index (JII). The data analysis technique used in this study is using panel data regression. The results of this study are independent variables profitability and solvency ratios have a positive and significant effect on the dependent variable in the form of firm value as measured by Price to Book Value (PBV). While the independent variable liquidity ratio measured by the quick ratio has no influence on the value of the company

Keywords


Financial performance, profitability, liquidity, solvency

Full Text:

PDF

References


Aggarwal, D., & Padhan, P. C. (2017). Impact of Capital Structure on Firm Value : Evidence from Indian Hospitality Industry. Theoretical Economics Letters, 7, 9821000. https://doi.org/10.4236/tel.2017.74067

Andawasatya, R., Indrawati, N. K., & Aisjah, S. (2017). The Effect of Growth Opportunity, Profitability, Firm Size to Firm Value through Capital Structure (Study at Manufacturing Companies Listed On the Indonesian Stock Exchange). Imperial Journal of Interdisciplinary Research (IJIR), 3(2), 18871894.

Cheung, W. M., Chung, R., & Fung, S. (2015). The effects of stock liquidity on firm value and corporate governance: Endogeneity and the REIT experiment. Journal of Corporate Finance, 35, 211231. https://doi.org/10.1016/j.jcorpfin.2015.09.001

Dj, A. M., Artini, L. G. S., & Suarjaya, A. . G. (2012). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Di Bursa Efek Indonesia. Jurnal Manajemen, Strategi Bisnis, Dan Kewirausahaan, 6(2), 130138.

Erlina, N. (2018). Pengaruh Likuiditas, Solvabilitas, Prfotabilitas terhadap NIlai Perusahaan Pertambangan di Bursa Efek Indonesia. Jurnal Manajemen Kompeten, 1(1), 1328.

Fang, V. W., Noe, T. H., & Tice, S. (2009). Stock market liquidity and firm value. Journal of Financial Economics, 94(1), 150169. https://doi.org/10.1016/j.jfineco.2008.08.007

Febrianti, M. (2012). Faktor-Faktor Yang Mempengaruhi Nilai Perusahaan Pada Industri Pertambangan Di Bursa Efek Indonesia. Jurnas Bisnis Dan Akuntansi, 14(2), 141156.

Firnanda, T., & Oetomo, H. W. (2016). Analisis likuiditas, profitabilitas, solvabilitas, dan perputaran persediaan terhadap nilai perusahaan. Jurnal Ilmu Dan Riset Manajemen, 5(2), 115.

Mangantar, M., & Ali, M. (2015). An Analysis of the Influence of Ownership Structure, Investment, Liquidity and Risk to Firm Value: Evidence from Indonesia. American Journal of Economics and Business Administration, 7(4), 166176. https://doi.org/10.3844/ajebasp.2015.166.176

Meythi. (2013). Rasio keuangan terbaik untuk memprediksi nilai perusahaan. Jurnal Keuangan Dan Perbankan, 17(2), 200210.

Prajanto, A., & Pratiwi, R. D. (2017). Analisis Nilai Perusahaan Manufaktur di Indonesia dari Perspektif Kinerja Keuangan. Jurnal Akuntansi Indonesia, 6(1), 1328.

Sabrin, Sarita, B., Takdir, D., & Sujono. (2016). The Effect of Profitability on Firm Value in Manufacturing Company at Indonesia Stock Exchange. The International Journal Of Engineering And Science (IJES), 5(10), 8189.

Santoso, B. H. (2016). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Pada Perusahaan Jasa Telekomunikasi. Jurnal Ilmu Dan Riset Manajemen, 5(2), 121.

Sidhu, M. K. (2012). Stock Market Liquidity and Firm Value- Indian Evidences. IOSR Journal of Business and Management, 5459.

Simamora, H. (2010). Keputusan Akuntansi Basis Pengambilan Bisnis. Jakarta: Salemba Empat.

Sucuahi, W., & Cambarihan, J. M. (2016). Influence of Profitability to the Firm Value of Diversified Companies in the Philippines. Accounting and Finance Research, 5(2), 149153. https://doi.org/10.5430/afr.v5n2p149

Susilaningrum, C. (2016). . Pengaruh Return On Assets, Rasio Likuiditas, Dan Rasio Solvabilitas Terhadap Nilai Perusahaan Dengan Pengungkapan Corporate Social Responsibility (CSR) Sebagai Variabel Moderasi. Jurnal Profita, 4(8), 117.

Wang, Y. J. (2002). Liquidity management, operating performance, and corporate value: evidence from Japan and Taiwan. Journal of Multinational Financial Management, 12(2), 159169.




DOI: https://doi.org/10.30596/jimb.v19i2.2020

Refbacks

  • There are currently no refbacks.


Creative Commons License
Jurnal Ilmiah Manajemen Dan Bisnis is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

  

ISSN 1693-7619 (print) | ISSN 2580-4170 (online)

 

View My Stats