Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : Agroteksos

THE INFLUENCE DER, TA, AND ROA ON PBV IN SHARIAH-COMPLIANT COMPANIES IN INDONESIA IN THE CONTEXT OF POST-COVID-19 ECONOMIC RECOVERY Hadi, Kuncoro; Nuraini, Nuraini
AGROTEKSOS, Jurnal Ilmiah Ilmu Pertanian Vol 34 No 3 (2024): Jurnal Agroteksos Desember 2024
Publisher : Fakultas Pertanian Universitas Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/agroteksos.v34i3.1227

Abstract

This study analyzes the influence of Debt to Equity Ratio (DER), Total Assets (TA), and Return on Assets (ROA) on Price to Book Value (PBV) in Shariah-compliant companies listed on the Indonesia Stock Exchange during the 2020-2023 period. The background of this research is the critical need to understand the factors affecting PBV in the context of post-COVID-19 economic recovery. The study employs panel data regression analysis, which enables the identification of relationships between these financial variables and the market valuation of Shariah-compliant companies. The findings indicate that DER and TA have a significant negative impact on PBV, whereas ROA has a significant positive effect. These results underscore the importance of prudent management of leverage and asset structure in Shariah-compliant companies to mitigate risk perception among investors, while strong profitability can enhance corporate valuation. The novelty of this study lies in its focus on Shariah-compliant companies in the post-pandemic environment, providing insights for investors and policymakers in formulating more sustainable investment strategies.