E-Jurnal Akuntansi TSM
Vol 1 No 3 (2021): E-Jurnal Akuntansi TSM

PENGARUH RETURN ON ASSETS, DEBT TO ASSETS RATIO DAN FAKTOR LAINNYA TERHADAP NILAI PERUSAHAAN

JESSICA ARTAMEVIA (Trisakti School of Management)
YULIANI ALMALITA (Trisakti School of Management)



Article Info

Publish Date
30 Sep 2021

Abstract

Purpose of the study is to discover the factors such as return on asset, debt to asset ratio, current ratio, firm size, dividend payout ratio, institutional ownership, tangible asset and company growth that affect firm value of manufacturing companies that listed on IDX during period of 2017 to 2019. Samples used in the study was chosen using purposive sampling method which resulted in 52 manufacturing companies and 156 research data. Data were analyzed using multiple regression analysis. The final result of the study indicate that return on asset has affect positive on firm value because the measurement the level of operational effective and success of the company is based on profitability. Debt to asset ratio has affect positive on firm value because company used the debt to investment so that the price book value of company will be increase, Current ratio has affect positive on firm value because liquidity projecting capability company to pay debt and interest on time. Tangible asset has affect positive on firm value because company can prove their performance with increases their assets. Meanwhile firm size, dividend payout ratio, institutional ownership and company growth have no affect on firm value.

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Journal Info

Abbrev

EJATSM

Publisher

Subject

Economics, Econometrics & Finance Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences

Description

E-Jurnal Akuntansi TSM is biannual publication issued in the month of March, June, September, and December. E-Jurnal Akuntansi TSM is a scientific journal which prioritizes the publication of articles (research and non-research based) regarding to accounting issues (financial accounting and capital ...