DETERMINAN NILAI PERUSAHAAN SEKTOR BAHAN BAKU SEBELUM DAN DI MASA PANDEMI COVID-19

Main Article Content

Patricia Vida Edmanata
Yanti Yanti

Abstract

This research was conducted to see how the influence of capital structure, profitability, firm size, and liquidity on company value in raw material sector companies listed on the Indonesia Stock Exchange during 2018-2021 before and during the Covid-19 pandemic. Samples were taken by purposive sampling method and obtained a total of 25 companies as samples. All data is processed using Microsoft Excel 2019 and SPSS (Statistical Product and Service Solution). The results for the period before the Covid-19 pandemic showed that capital structure, profitability, liquidity did not affect company value, while firm size did affect company value. The results for the period during the Covid-19 pandemic showed that capital structure, profitability, and firm size had an effect on company value, while liquidity had no effect on company value. In a different test, the results showed there was no difference in company value before and during the Covid-19 pandemic. The implication of this research is that it is important for companies to pay attention to factors such as firm size which can increase company value and have a good impact on investor valuation.

Article Details

Section
Articles

References

Aggarwal, D., & Padhan, P. C. (2017). Impact of Capital Structure on Firm Value: Evidence from Indian Hospitality Industry. Theoretical Economics Letters, 07(04), 982–1000.

Anggasta, G., & Suhendah, R. (2020). Pengaruh Ukuran Perusahaan, Profitabilitas, Dividen, dan Umur Perusahaan Terhadap Nilai Perusahaan. Jurnal Multiparadigma Akuntansi Tarumanagara, 2, 586–593.

Anggraini, D., & Siska, A. (2019). Pengaruh Struktur Modal, Profitabilitas dan Ukuran Perusahaan terhadap Nilai Perusahaan. Management & Accounting Expose, 2(1), 1–9.

Husna, A., & Satria, I. (2019). Effects 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, 9(5), 50–54.

Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 4, 305–360.

Jihadi, M., Vilantika, E., Hashemi, S. M., Arifin, Z., Bachtiar, Y., & Sholichah, F. (2021). The Effect of Liquidity, Leverage, and Profitability on Firm Value: Empirical Evidence from Indonesia. Journal of Asian Finance, Economics and Business, 8(3), 423–431.

Lavena, J., & Yanti. (2021). Faktor-Faktor yang Mempengaruhi Firm Value Sebelum dan Di Masa Covid-19. Jurnal Ekonomi, Spesial Issue, 435–451.

Markonah, M., Salim, A., & Franciska, J. (2020). Effect of Profitability, Leverage, and Liquidity to the Firm Value. 1(1), 83–94.

Natsir, K., & Yusbardini, Y. (2019). The Effect of Capital Structure and Firm Size on Firm Value Through Profitability as Intervening Variable. Advances in Economics, Business and Management Research, 145, 218–224.

Novianti., & Yanti. (2020). Pengaruh Ukuran Perusahaan, Struktur Modal, Profitabilitas, dan Likuiditas Terhadap Nilai Perusahaan. Jurnal Paradigma Akuntansi Tarumanagara, 2(1), 308–316.

Fadhilah, N. N., Kurniati, D., & Suherman, S. (2022). Firm Value Determinants: Empirical Evidence from Manufacturing Firms Listed on the Indonesia Stock Exchange. Interdisciplinary Social Studies, 1(6), 742-756.

Nuryadi., Astuti, T. D., Utami, E. S., & Budiantara, M. (2017). Dasar-Dasar Statistik Penelitian.

Rachmat, R. A. H., Hardika, A. L., Gumilar, I., & Saudi, M. H. M. (2019). Capital structure, profitability, and firm value: An empirical analysis. International Journal of Innovation, Creativity and Change, 6(6), 182-192.

Reschiwati, R., Syahdina, A., & Handayani, S. (2020). Effect of liquidity, profitability, and size of companies on firm value. Utopia y Praxis Latinoamericana, 25(Extra 6), 325–332.

Sari, I. A. G. D. M., & Sedana, I. B. P. (2019). Profitability and liquidity on firm value and capital structure as intervening variable. International Research Journal of Management, IT and Social Sciences, 7(1), 116–127.

Jannah, S. M., & Sartika, F. (2022). The effect of good corporate governance and company size on firm value: Financial performance as an intervening variable. International Journal of Research in Business and Social Science, 11(2), 241-251.

Spence, M. (1973). Job Market Signaling. The Quarterly Journal of Economics, 87(3), 355–374.

Wijaya, N. S., & Fitriati, I. R. (2022). Pengaruh likuiditas, ukuran perusahaan, profitabilitas, dan struktur modal terhadap nilai perusahaan. Jurnal Ilmiah Akuntansi Dan Keuangan, 4(12), 5606-5616.

Similar Articles

1 2 3 4 5 6 7 8 9 10 > >> 

You may also start an advanced similarity search for this article.