Journal of Economic, Bussines and Accounting (COSTING)
Vol 2 No 1 (2018): COSTING : Journal of Economic, Bussines and Accounting

Determinan Nilai Perusahaan Manufaktur : Model Pengujian dengan Chow-Test dan Hausman-Test

Evelyn Wijaya (Sekolah Tinggi Ilmu Ekonomi Pelita Indonesia)
Yusnita Octafilia (Sekolah Tinggi Ilmu Ekonomi Pelita Indonesia)



Article Info

Publish Date
05 Dec 2018

Abstract

The aim of company establishing is to increase company’s value in order to give prosperity for its stakeholders. And there are many internal and external factors can influence the company’s value. So, this study has aim to analyze determinant of manufacture companies’s value by using Chow-Test and Hausman-Test. This study has 109 manufacture companies with purposive sampling method and uses panel data regression as data analysis method. The examination of study model by using Chow-Test and Hausman-Test shows that the proper study model examination is Fixed Effect Model (FEM). The result of Fixed Effect Model shows that company size influences positifically and significantly on company’s value. Then, institutional ownership and investment policy influence negatively and significantly on company’s value. While, profitability, funding decision, devident policy, managerial ownership and cash holding do not influence significantly on company’s value. As there is supervision from institution party on management performance, it is going to make management do financial decision that related with company’s value movement carefully. Keywords: Company’s internal factors, Agency Theory and Company’s value

Copyrights © 2018






Journal Info

Abbrev

COSTING

Publisher

Subject

Economics, Econometrics & Finance

Description

COSTING : Journal of Economic, Bussines and Accounting reviewed covers theoretical and applied research in the field of Economics, Business and Accounting. Priority is given to those articles which satisfy the main scope of the journal, and have an impact in the research areas of interest. ...