Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Vol 5 No 3 (2023): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah

The Influence of Growth Opportunity, Profitability, and Financial Distress on the Company Value (IDX)

Maria Magdalena Kelu Balawanga (Universitas Sarjanawiyata Tamansiswa)
Sri Hermuningsih (Universitas Sarjanawiyata Tamansiswa)
Alfiatul Maulida (Universitas Sarjanawiyata Tamansiswa)



Article Info

Publish Date
23 Sep 2022

Abstract

Organizations that convert raw ingredients into semi-finished or finished commodities are known as food and beverage companies. The goal of this study is to look into and assess connected topics such as growth potential, profitability, financial distress, and company value. The research utiliutilizedsed second data in form of income statement from the Indonesia Stock Exchange (IDX). Purposive sampling was utilized to collect data for this investigation. The survey included 14 companies and 42 data points. The conclusions of Hypothesis (1) Growth potential influences the company's value, Hypothesis (2) Profitability has no effect on the company's value, and Hypothesis (3) Financial distress has no effect on the company's value were discovered. Hypothesis (4), on the other hand, asserts that the company's value is affected by growth opportunity, profitability, and financial crisis all at the same time. The worth of a company will increase if its profitability level is higher. The company's worth will improve if the level of financial distress is lowered. Keywords: Growth Potential, Profitability, And The Impact Of Financial Distress On The Company's Value

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Journal Info

Abbrev

alkharaj

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

AL-KHARAJ: The Journal of Islamic Economics, Finance & Business is a scientific journal published by the Center for Research and Strategic Studies (PRKS) of the Institute of Islamic Religion (IAI) National Laa Roiba Bogor. This journal contains scientific papers from academics, researchers and ...