FAKTOR YANG MEMENGARUHI NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR DI BEI

Main Article Content

Sanny Lo
Herlin Tundjung Setijaningsih

Abstract

The goal of this study is to analyze the effect of profitability, solvability, independent commissioners, and institutional ownership on firm value in manufacturing companies that listed on Indonesia Stock Exchange from 2018-2020. Sampel was chosen with purposive sampling method and 159 data was obtained. The data was analyzed with EViews Student Version 12 and Microsoft Excel 2018. This study used panel data regression analysis. After the data has been analyzed, the result shows that firm value has positive and significant effect from profitability, but at the same time firm value has no effect from solvability, institutional ownership, and independent commissioners. The implication of this study is the need of increase supervision from independent commissioners and institutional ownership also pay attention with used debt that company has.

Article Details

Section
Articles

References

Alfinur, A. (2016). Pengaruh Mekanisme Good Corporate Governance (GCG) Terhadap Nilai Perusahaan pada Perusahaan yang Listing di BEI. Jurnal Ekonomi MODERNISASI, 12(1), 44-50.

Astuti, F. Y., Wahyudi, S., & Mawardi, W. (2018). Analysis of Effect of Firm Size, Institutional Ownership, Profitability, and Leverage on Firm Value with Corporate Social Responsibility (CSR) Disclosure as Intervening Variables (Study on Banking Companies Listed on BEI Period 2012-2016). Jurnal Bisnis Strategi, 95-109.

Brigham & Houston. (2018). Dasar-Dasar Manajemen Keuangan. Jakarta: Salemba Empat.

Dewi, K. R. C., & Sanica, I. G. (2017). Pengaruh Kepemilikan Institusional, Kepemilikan Manajerial, dan Pengungkapan Corporate Social Responsibility terhadap Nilai Perusahaan Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Jurnal Ilmiah Akuntansi Dan Bisnis, 2(1).

Emanel, R., & Rasyid, R. (2019). Pengaruh Firm Size, Profitability, Sales Growth dan Leverage Terhadap Firm Value pada Perusahaan Manufaktur yang Terdaftar di BEI pada Tahun 2015-2017. Jurnal Multiparadigma Akuntansi, 1(2), 468–476.

Felicia, & Karmudiandri, A. (2020). Pengaruh Corporate Governance dan Karakteristik Perusahaan Terhadap Nilai Perusahaan. Jurnal Akuntansi Dan Keuangan, 9(1), 1–15.

Gunawan, C. C. (2019). Good Corporate Governance dan Gender Diversity Terhadap Kinerja Badan Usaha Pada Sektor Non-Keuangan Yang Terdaftar Dalam Bursa Efek Indonesia Periode 2012-2016. Jurnal Ilmiah Mahasiswa Universitas Surabaya, 8(1), 953-967.

Jaya, S. H., & Susanti, M. (2019). Faktor Yang Memperngaruhi Nilai Perusahaan Manufaktur Yang Terdaftar Di BEI. Jurnal Multiparadigma Akuntansi, 1(4), 1049–1056.

Jensen, Michael C & W.H. Meckling. (1976). Theory of The Firm: Managerial Behavior, Agency Cost and Ownership Structure. Journal of Financial Economics, 3(4), 305-360.

Kasmir. (2019). Analisis Laporan Keuangan Edisi Revisi. Jakarta: PT Raja Grafindo Persada.

KNKG, K. N. (2006). Pedoman Umum GCG Indonesia. Jakarta.

Kusuma, I. J., & Nuswantara, Dr. D. A. (2021). The Effect of Good Corporate Governance on Firm Value. Journal of Economics, Bussiness and Government Challenges, (4)1, 1-8.

Kusuma, I. J., & Nuswantara, Dr. D. A. (2021). The Effect of Good Corporate Governance on Firm Value. Journal of Economics, Bussiness and Government Challenges, (4)1, 1-8.

Nathania, L., & Widjaja, I. (2019). Pengaruh Corporate Governance Terhadap Nilai Perusahaan Manufaktur Yang Terdaftar Di BEI. Jurnal Manajerial dan Kewirausahaan, 1(3), 532-540.

Rahmadani, F. D., & Rahayu, S. M. (2017). Pengaruh Good Corporate Governance (GCG), Profitabilitas dan Leverage Terhadap Nilai Perusahaan (Studi Kasus pada Perusahan Perbankan yang Terdaftar Pada BEI Periode 2013-2015). Jurnal Administrasi Bisnis (JAB), 52(1), 173-182.

Sembiring, S., & Trisnawati, I. (2019). Faktor-Faktor yang Mempengaruhi Nilai Perusahaan. Jurnal Bisnis dan Akuntansi, 21(2),173-184.

Wijaya, S., & Tundjung, H. (2021). Faktor-Faktor Yang Mempengaruhi Nilai Perusahaan Manufaktur Periode 2016-2018. Jurnal Multiparadigma Akuntans, 3(3), 1088-1097.

Zuhroh, I. (2019). The Effects of Liquidity, Firm Size, and Profitability on the Firm Value with Mediating Leverage. The 2nd International Conference on Islamic Economics, Business, and Philanthropy, 203-230.