Financial Management Studies
Vol. 2 No. 2 (2022): Financial Management Studies

The effect of profitability, capital structure and company growth on company value before and during the covid-19 pandemic in consumer goods manufacturing companies listed on the Indonesia Stock Exchange

Wesa Anggraini (Universitas Negeri Padang)
Rosyeni Rasyid (Universitas Negeri Padang)



Article Info

Publish Date
15 Jul 2022

Abstract

This study aims to analyze the effect of 1) profitability (ROE), 2) capital structure (DER) and 3) company growth (Growth) on firm value (PBV) before and during the COVID-19 pandemic in listed consumer goods manufacturing companies. on the Indonesia Stock Exchange. The population in this study are all manufacturing companies in the consumer goods sector listed on the Indonesia Stock Exchange. While the sample in this study was determined by the purposive sampling method so that 41 samples of companies in 2019 and 2020 were obtained with 123 observations for each variable. The type of data used in this study is secondary data obtained from the IDX Fact Book and quarterly reports of sample companies. The analytical method used is multiple linear regression analysis. The results of this study indicate that 1) profitability has a positive and significant effect on firm value both before and during the COVID-19 pandemic in consumer goods manufacturing companies, 2) capital structure has no effect on firm value both before and during the COVID-19 pandemic in manufacturing companies in the consumer goods sector and 3) company growth has no effect on company value both before and during the COVID-19 pandemic in consumer goods manufacturing companies.

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