Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan
Vol. 1 No. 1 (2018): Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan

PENGARUH KINERJA KEUANGAN INTERNAL PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Ardi Nupi Hasyim, Muhamad (Unknown)
Adam, Arfian (Unknown)



Article Info

Publish Date
14 Aug 2019

Abstract

One important element in assessing a company is how investors believe that it will benefit from the company it is investing in. If the company succeeds in posting a large profit rate, it will motivate investors to invest in stocks, so that stock prices and stock demand will increase. This research is conducted by survey method to 50 manufacturing companies that have done the stock emission on Indonesia Stock Exchange. Technique of data collecting is done by indirect communication technique through instrument in the form of documentation study. This research was conducted from November 2016 and ended in November 2017. Data processing technique is done by Descriptive Analysis and Inferential Analysis that is Correlation Analysis and Regression with approach of analysis of variance (ANOVA). The results showed that: (1) The company's internal financial performance proportioned by its own return on equity (ROE) shows good condition, with an average of 12.17 Persen per company, standard deviation of 14.24 Persen ; (2) Company Value measured by: (a) EMV (Equity Market Value) which is the product of P (Closing Price) x Qshares (Number of shares outstanding); (b) The book value of total debt (Debt); and (c) The book value of total assets (EBV), indicates good conditions, ie average 33.16 persen, standard deviation of 12.7 persen; (3) This hypothesis test shows ttable equal to 2,356 kurang dari tcount 5,402 (tcount lebih dari ttable) means that company's internal financial performance proportioned by return on equity (ROE) have positive and significant effect to firm value 37,8 persen although low but quite meaningful. The researcher suggested to pay attention to factors such as investment policy and dividend policy, because it is strongly believed to affect the increase of stock price, therefore it is proven that firm value to firm's internal financial performance proportioned by return on equity ROE) have a positive and significant effect.

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Journal Info

Abbrev

fairvalue

Publisher

Subject

Economics, Econometrics & Finance

Description

The Aim of this Fair Value : jurnal Ilmiah Akuntansi dan Keuangan is the media for scientific studies resulting from research, thoughts and critical-analysis studies on accounting, financial, Cooperative and SMEs issues in Indonesia and southeast asia especially and also in the world. The intended ...