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Value Management Research
ISSN : -     EISSN : 30893488     DOI : -
Core Subject : Economy,
Value Management Research is a double-blind peer reviewed journal published by the Al Maarif Dawuhan Indonesia Foundation. This journal is committed to publishing scientific empirical and theoretical research articles, which have a high impact on the field of management as a whole. Journals encourage new ideas or new perspectives on existing research. This journal covers areas such as: Business strategy & policy Organizational behavior Human Resource Management Organizational theory and other studies of management. These issues encompass a collection of widely read and widely cited management articles and have become a primary resource for management scholars. Issues of the Review cover a wide range of topics from different disciplines, methodologies, and theoretical paradigms.
Articles 11 Documents
Analisis Kinerja Keuangan Terhadap Nilai Perusahaan Sektor Energy Yang Terdaftar Di BEI Tahun 2020 - 2023 Valadeva Izzulhaq; Bayu Kurniawan; Rita Meiriyanti
Value Management Research Vol. 1 No. 2 (2024)
Publisher : Yayasan Al Ma'arif Dawuhan

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Abstract

This study explores the relationship between financial performance and company value in the energy sector listed on the Indonesia Stock Exchange (IDX) from 2020 to 2023. The goal is to assess how various financial performance indicators impact firm value, as measured by the Price to Book Value (PBV). The financial performance indicators used in this study include Current Ratio (CR), Return on Assets (ROA), Return on Equity (ROE), Total Asset Turnover (TATO), Debt to Asset Ratio (DAR), Debt to Equity Ratio (DER), and firm size (Size). To examine this relationship, the study employs panel data regression, using data sourced from the IDX and analyzed with Excel and E-Views software. This methodology helps identify the degree to which financial performance metrics influence company value in the energy sector. The results reveal that certain financial indicators significantly impact company value. Specifically, ROA, TATO, and DAR were found to have a meaningful effect on PBV during the 2020–2023 period. These findings suggest that the efficiency of asset management, the ability to generate profits from assets, and the level of debt relative to assets play critical roles in determining a company’s value. Conversely, other factors such as CR, ROE, DER, and firm size did not show a significant relationship with PBV during the study period. This study highlights the importance of selecting the right financial performance metrics when evaluating the value of companies in the energy sector, offering valuable insights for investors, analysts, and corporate managers aiming to optimize firm performance and valuation.

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