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Journal : EBSJ

The Effect of Profitability, Capital Structure and Firm Size on Firm Value (Study on Pharmaceutical Companies Listed on The Indonesia Stock Exchange 2016-2020) Rachmawati, Windasari; Handayani, Esmiaty; Karim, Abdul
Economics and Business Solutions Journal Vol. 6 No. 2 (2022): Economics and Business Solutions Journal
Publisher : Universitas Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26623/ebsj.v6i2.5774

Abstract

The purpose of this study is to examine the factors that affect firm value. Some of the factors used are profitability, capital structure, and firm size which aims to test profitability, capital structure and firm size empirically that affect the value of companies in the pharmaceutical sector listed on the Indonesia Stock Exchange (IDX) in 2016-2020. During 2016-2020, several pharmaceutical companies did not have company assets that were financed from equity or own capital. This is because the factors that affect the value of the company, namely profitability, capital structure, and company size do not have a high value so that the company's assets are financed by debt. However, some of these pharmaceutical companies own their assets financed by equity because these companies are well-known companies and already have stable quality and performance. The population of this study was 12 pharmaceutical companies listed on the Indonesia Stock Exchange in 2016-2020. Sampling is using purposive sampling technique, in order to obtain a sample of 10 companies with a total of 50 data in 2016-2020. The results of this study indicate that profitability has a significant effect on firm value, capital structure has a significant effect on firm value, and firm size has no significant effect on firm value.Keywords: Profitability, Capital Structure, Firm Size, Firm Value
Effect of Return On Assets, Return On Equity, and Current Ratio on Stock Returns Rachmawati, Windasari; Ulya, Naufal; Karim, Abdul
Economics and Business Solutions Journal Vol. 7 No. 2 (2023): Economics and Business Solutions Journal
Publisher : Universitas Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26623/ebsj.v7i2.7383

Abstract

The performance of a financial company can affect stock prices where stock prices sometimes experience increases and decreases. The stock price is very influential on stock returns for investors. This study aims to analyze the effect of the independent variables on the dependent variable. The independent variables in this study are Return On Assets, Return On Equity, and Current Ratio. While the dependent variable in this study is stock returns. The population in this study are food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange in 2018-2021. The sample selection in this study used a purposive sampling method and obtained a sample of 27 based on certain criteria. The data analysis technique used is multiple linear regression analysis using SPSS 22. The result of this study is significance value of the variabel Return On Assets is 0,099 > 0,05, variable Return On Equity is 0,950 > 0,05, and variable Current Ratio is 0,153, so hyphotesis is rejected. The conclusion of this study that Return On Assets, Return On Equity, and Current Ratio have no significant effect on stock returns.Keywords : Return On Assets, Return On Equity, Current Ratio, stock returns.