TEMA (Jurnal Tera Ilmu Akuntansi)
Vol. 25 No. 2 (2024)

Factors Affecting Firm Value of Manufacturing Companies Listed on the Indonesia Stock Exchange (IDX)

Reni Febriani (Unknown)
Supriyanto (Unknown)



Article Info

Publish Date
01 Nov 2024

Abstract

The primary components of this research are the DER Ratio, Current Ratio (CR), ROE Ratio, and TATO Ratio. From 2019 to 2022, data from 185 manufacturing companies listed on the Indonesia Stock Exchange (IDX) were analyzed using a quantitative approach. This research provides an analysis of factors that influence firm value in their operations. The results show that TATO and CR have an insignificant influence on firm value, whereas DER and ROE have a significant impact. Companies that manage their debt and equity capital well tend to be more attractive to investors, as high ROE indicates good profitability, while an appropriate DER indicates effective debt management. This research is useful for investors in selecting more important factors to consider when assessing investment potential in manufacturing companies, as well as for companies in designing strategies to enhance firm value.

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Journal Info

Abbrev

tema

Publisher

Subject

Economics, Econometrics & Finance

Description

TEMA (Jurnal Tera Ilmu Akuntansi) publishes all forms of quantitative and qualitative research articles and other scientific studies related to the field of Accounting and a wide range of applications such as: Finance accounting Sharia Accounting Capital Market Based Accounting Forensic Accounting ...