The Asia Pacific Journal Of Management Studies
Vol 8 No 2 (2021)

PENGARUH MARKET VALUE ADDED (MVA) DAN DEBT TO EQUITY RATIO (DER) TERHADAP NILAI PERUSAHAAN PADA SUB SEKTOR INDUSTRI LOGAM DI BURSA EFEK INDONESIA

Dede Suharna (STIE La Tansa Mashiro, Rangkasbitung)
Furniawan Furniawan (STIE La Tansa Mashiro, Rangkasbitung)
Eko Puryanto (STIE La Tansa Mashiro, Rangkasbitung)



Article Info

Publish Date
29 Aug 2021

Abstract

A company value can have a positive impact on the company itself, its stakeholders, and its shareholders. This study aims to test and analyze the effect of Market Value Added and Debt to Equity Ratio on a company value that is proxied in the metal industry sub-sector companies listed on the Indonesia Stock Exchange for the period 2017-2019. The method used in this research is quantitative methods. The population in this study were 13 metal industry sub-sector companies listed on the Indonesia Stock Exchange for the 2017-2019 period. And using purposive sampling technique. The analysis technique used is multiple linear regression analysis using the SPSS v.20 program. The results of research on the product moment correlation analysis show that the relationship between Market Value added to firm value has a moderate correlation value, then the Debt to Equity Ratio to firm value has a very low correlation. The multiple correlation analysis test has a moderate relationship between the independent interval and the dependent variable. The results for the t test showed the effect of Market Value Added on firm value partially, while the debt to equity ratio variable partially had no effect on firm value. As for the f test, there is a significant influence between Market Value Added and Debt to Equity Ratio on firm value simultaneously. Based on the data analysis, it is concluded that the simultaneous Market Value Added and Debt to Equity Ratio have a significant effect on firm value. And partially only Market Value Added which has a significant effect while Debt to Equity has no effect on firm value.

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Journal Info

Abbrev

APJMS

Publisher

Subject

Economics, Econometrics & Finance

Description

"The Asia Pacific of Management Studies or APJMS" is intended to serve the reader with relevant field of study, with the dissemination of research results, and covers all disciplines related to the study of every aspect of accounting and business (economics). The Asia Pacific of Management Studies ...