Analysis of Financial Performance Towards Firm Value (Case Study at Building Construction Sub Sectors on IDX During Period of 2012-2018)
DOI:
https://doi.org/10.38035/jafm.v1i4.27Keywords:
Firm value, capital structure, profitability, liquidity, activity, firm sizeAbstract
These research aims to find out those impact from capital structure, profitability, liquidity, activity and company size on firm value. The population in this research were building construction sub-sector companies which registered in Indonesia Stock Exchange during period 2012 till 2018. The samples were determined by purposive sampling technique. These data analysis method used was panel data regression analysis. The selected mode used Fixed Effect Model. The results showed that capital structure, profitability, liquidity, activity and company size simultaneously had an impact on company value. Partially it was found that capital structure and profitability had positive influence on company value, activity and company size had negative influence on company value, while liquidity had none impact towards company value. The most influential variable was profitability with coefficient value was 43.38.
References
Agustina, N. and Nazir (2018) ‘Pengaruh Firm Size , DER , ROA dan Current Asset Terhadap Price Value pada Perusahaan Manufaktur Sub Sektor Tekstil di Indonesia’, Jurnal Visioner & Strategis, 7(2), pp. 43–49.
Ang, R. (1997), Buku Pintar Pasar Modal Indonesia, Jakarta: Mediasoft Indonesia.
Brigham, F. dan Houston, J. (2001) Manajemen Keuangan, Edisi Kedelapan, Jakarta: Erlangga.
Brigham, F. and Gapenski, L. (1996) Financial Management Theory and Practise, Fifth Edition, United State of America.
Fama, E. F. (1978) ‘The Effect of a Firm’s Investment and Financing Decision on the Welfare of its Security Holders’, American Economic Review, vol 68, pp 272-28.
Gujarati, D. (2003) Ekonometrika Dasar, Jakarta: Erlangga.
Gulo (2010) Metodologi Penelitian, Jakarta: Grasindo.
Hestinoviana, V., Suhadak and Handayani, S. R. (2013) ‘The Influence Of Profitability, Solvability, Asset Growth, And Sales Growth Toward Firm Value’, Faculty of Administrative Science Brawijaya University.
Hirdinis, M. (2019) ‘Capital structure and firm size on firm value moderated by profitability’, International Journal of Economics and Business Administration, 7(1), pp. 174–191.
Husnan, S. (2001) Manajemen Keuangan Teori Dan Penerapan (Keputusan Jangka Pendek), Yogyakarta: BPFE.Modigliani, F. and Miller (1958) The Cost of Capital, Corporate Finance and the Theory of Investment, The American Economics Review, Vol. XIVIII. No. 3, pp. 261-297.
Myers, S. C. (1984) ‘The Capital Structure Puzzle’, Journal of Finance, 39(3), pp. 575-592.
Myers, S. C. and Majluf, N. S. (1984) ‘Corporate Financing and Investment Decisions When Firms have Information that Investors do not have’ The Journal of Financial Economics, 13,pp 187-221
Salvatore, D. (2005) Managerial Economics, Singapore: Thomson Learning.
Sihombing, P. (2018) Corporate Financial Management, IPB Press Bogor.
Van Horne, J. C. dan Wachowicz, J. M. (2012) Prinsip-Prinsip Manajemen Keuangan, Jakarta: Salemba Empat.
Downloads
Published
How to Cite
Issue
Section
License
Authors who publish their manuscripts in this journal agree to the following conditions:
- The copyright on each article belongs to the author(s).
- The author acknowledges that the Journal of Accounting and Finance Management (JAFM) has the right to be the first to publish with a Creative Commons Attribution 4.0 International license (Attribution 4.0 International (CC BY 4.0).
- Authors can submit articles separately, arrange for the non-exclusive distribution of manuscripts that have been published in this journal into other versions (e.g., sent to the author's institutional repository, publication into books, etc.), by acknowledging that the manuscript has been published for the first time in the Journal of Accounting and Finance Management (JAFM).
