Nexus Synergy: A Business Perspective
Vol. 1 No. 4 (2024): Nexus Synergy: A Business Perspective

What Determines the Value of Company? Study on the Consumer Non-Cyclicals Sector on IDX in 2020-2022

Kumalasari, Putu Diah (Unknown)
Endiana, I Dewa Made (Unknown)



Article Info

Publish Date
31 Mar 2024

Abstract

Companies that demonstrate strong performance and achieve maximum profitability are poised to witness a surge in demand for their shares, consequently leading to elevated share prices. These high share prices are indicative of the augmented value of the company. This research aims to investigate the impact of profitability, liquidity, investment decisions, dividend policy, and sales growth on company value. The study comprises 29 companies operating in the consumer non-cyclicals sector, listed on the Indonesia Stock Exchange (IDX) from 2020 to 2022. The analytical method employed encompasses multiple linear regression analysis. The findings reveal that profitability, liquidity, investment decisions, and sales growth exert a positive influence on company value. Conversely, dividend policy is shown to have no discernible effect on company value. Additionally, the study suggests the incorporation of further independent variables in future research, particularly focusing on factors such as Good Corporate Governance (GCG) and cash holding, which are anticipated to exert a substantial impact on company value.

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Journal Info

Abbrev

nexus

Publisher

Subject

Humanities Economics, Econometrics & Finance Social Sciences

Description

Nexus Synergy: A Business Perspective is a journal about the interrelationships and synergies between various aspects of business, such as accounting, management, marketing, and finance. This journal discusses business-related topics from different perspectives and focuses on how interconnections ...