FAKTOR – FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN PADA PERUSAHAAN INDEX LQ45

Main Article Content

Stephen Wahyudi Jaya
Rosmita Rasyid

Abstract

The study was conducted to obtain empirical evidence of the effect of profitability. liquidity. Solvency, firm size. and dividend policy on firm value in companies listed on the LQ45 Index for the 2016 – 2019 period. The research design used is descriptive research using purposive sampling method and obtained 17 companies. This study uses multiple regression analysis which helps with the Eviews 10 application to test the data. The results obtained by the variables of profitability, solvency and firm size are able to have an influence on the firm value variable. This study also did not find a significant effect for liquidity and dividend policy. The implication of this research is the need for the company's attention to produce the ideal ratio, especially for profitability, solvency, and company size which will affect the value of the company and will provide a good signal for investors.

Article Details

Section
Articles

References

Ambarwati, S. D. A. (2010). Manajemen Keuangan Lanjut. Jogyakarta: Graha Ilmu

Brigham, E. F., & Ehrhardt, M. C. (2013). Financial Management: Theory & Practice. 14th Edition. Mason: South-Western, Cencage Learning

Fadli, F., & Hongbing, O. (2020). Can Financial Ratio Change Stock Price? (LQ 45

Index Case Study (2010-2018). International Journal of Information, Business and Management, Vol. 12, No.2, 2020

Franita, R. (2016). Pengaruh Kepemilikan Institusional, Kepemilikan Manajerial dan Ukuran Perusahaan terhadap Nilai Perusahaan. Jurnal Mediasi, Vol.05, No.02: 72-89.

Hery. (2015). Analisis Laporan Keuangan pendekatan rasio keuangan. Yogyakarta:

PT. Buku Seru.

Hilal, A., & Samono. (2019) Analysis of the Effect of Company Micro Fundamental Factors on Company Value in Companies Listed in LQ 45 Index. International Journal of Economics and Financial Issues, 2019, 9(4), 115- 118.

Hidayat, W. W. (2018). Pengaruh leverage dan likuiditas terhadap peringkat obligasi: studi kasus perusahaan non keuangan di Indonesia. Jurnal Riset Manajemen Dan Bisnis (JRMB) Fakultas Ekonomi UNIAT, 3(3), 387–394.

Husna, A., & Satria, I. (2019). Effect of Return on Asset, Debt to Asset Ratio, Current Ratio, Firm Size and Dividend Payout Ratio on Firm Value. International Journal of Economics and Financial Issues, 2019, 9(5), 50-54

Ibrahim, H. (2008). Pengaruh Tingkat Suku Bunga, Peringkat Obligasi, Ukuran Perusahaan, dan DER terhadap Yield to Maturity Obligasi Corporasi BEI Periode 2004 – 2006. Universitas Diponegoro Semarang.

Kasmir. (2018). Analisis Laporan Keuangan. Jakarta: Rajawali Press

Marsha, N. (2017). The Effect Of Financial Ratios On Firm Value In The Food And Beverage Sector Of The IDX. Journal of Business and Management Vol. 6, No.2, 2017: 214-226

Utomo, N. A. (2016). FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN PADA PERUSAHAAN INDEKS LQ45 DI BURSA EFEK INDONESIA. Dinamika Akuntansi, Keuangan dan Perbankan, Mei 2016, Hal: 82- 94

Suhesti, N., & Sari, S. P. (2019). Analysis of the Effect of Liquidity Ratios, Solvability Ratios and Profitability Ratios on Firm Value in Go PublicCompanies in The Automotive and Component Sector. International Journal of Economics, Business and Accounting Research (IJEBAR). Vol.3, No. 4, 2019

Sadi’Ah, K. (2018). The Effect Of Corporate Financial Ratio Upon The Company Value. The Accounting Journal of BINANIAGA Vol. 03, No. 02, December 2018

Sari, O. T. (2013). Pengaruh Keputusan Investasi, Keputusan Pendanaan dan Kebijakan Dividen terhadap Nilai Perusahaan. ISSN 2252-6552. Management Analysis Journal, Universitas Negeri Semarang, Vol. 2 Nomor 2, Juli 2013.

Sudana, I. M. (2011). Manajemen Keuangan Perusahaan Teori dan Praktek.Jakarta:Erlangga.

Sugiyono. (2006). Metode Penelitian Kuantitatif Kualitatif dan R&D. Bandung: Alfabeta.

Sekaran, U. (2006). Metode Penelitiaan Bisnis. Jakarta: Salemba Empat.

Sha, T. L. (2015). “Pengaruh Kebiakan Dividen, Likuiditas, Net Profit Margin, Return On equity dan Price to Book Value Terhadap Harag Saham Pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia 2010-2013”. Jurnal Akuntansi. Volume XIX, No. 02, Mei 2015: 276-294

Spence, M. (1973). Job Market Signaling. The Quarterly Journal of Economics, Vol. 87, No. 3. (Aug., 1973), pp. 355-374.

Tandelilin, E. (2010). Portofolio dan Investasi Teori dan Aplikasi. Edisi pertama. Yogyakarta: Kanisius.

Widoatmodjo, S. (2005). Cara Sehat Investasi di Pasar Modal. Jakarta: PT Elex Media Komputindo.

Widyastuti, M. (2019). Analysis Of Liquidity, Activity, Leverage, Financial Performance And Company Value In Food And Beverage Companies Listed On The Indonesia Stock Exchange. SSRG International Journal of Economics and Management Studies (SSRG-IJEMS) – Volume 6 Issue 5–May 2019

www.idx.com

www.emitem.kontan.co.id