JURNAL ILMIAH SOCIO SECRETUM
Vol 12 No 2 (2023): DESEMBER

Effect Of Return On Asset And Return On Equity On Price To Book Value In Automotive Subsector Manufacturing Companies Listed On The Indonesia Stock Exchange

Ancela Ayusari Bondar (Universitas Darma Agung)



Article Info

Publish Date
09 Dec 2022

Abstract

The value of the company reflects the value of a company. Where the financial statements will be analyzed with Return On Asset and Return On Equity which is the benchmark to know the amount of the Company's ability to meet short and long-term obligations on the company. Research objects used as samples of automotive companies and listed on the Indonesia Stock Exchange as many as 9 Companies. The results of the ROA hypothetical test study have a t count of 4,092 and a sifnifikan value of 0.000. If the significant value is less than or equal to 0.05 (< 0.05) then the hypothesis is accepted. The results of the study obtained a value of 0.000 <0.05, it can be concluded that roa variables varsially affect the Price to Book Value in automotive sub-sector manufacturing companies listed on the Indonesia Stock Exchange.Variabel ROE has a t count of 8,815 with a significant value of 0.001<0.05. The results of significant tests (f-tests) in accordance with the basis of decision-making in test f can be shown that ROE simultaneously affects PBV. The correlation coefficient (R) value is 0.375 meaning that the relationship of variable X to variable Y in the category is less meaningful. Based on the test results of the naili determination coefficient adjust R Square in the regression model in automotive subsector manufacturing companies obtained by 42,3% PBV influenced by both free variables namely ROA and ROE. While the remaining 57,7% was influenced by other factors outside the model that were not studied in this study.

Copyrights © 2023






Journal Info

Abbrev

socio

Publisher

Subject

Law, Crime, Criminology & Criminal Justice Social Sciences

Description

This journal is a collection of research results, studies or community service activities that elaborate the field of Social and Management in general. This journal also contains scientific studies of Management clusters, such as: Social Sciences, Office Administration Management Sciences, Social ...