Faktor-Faktor Utama Nilai Perusahaan: Ukuran Perusahaan, Leverage, Dan Profitabilitas
Abstract
How the size, leverage, and profitability of a company affect its value is the purpose of this study. Firm value is an assessment made by investors to determine the level of success of a company, and is usually correlated with stock prices. In this case, company size, profitability, and leverage are some of the factors that affect its value. 21 LQ45 companies listed on the Indonesia Stock Exchange (IDX) in 2022 were sampled. The results showed that the firm size variable was positively and significantly influenced by firm value, the leverage variable was positively and significantly influenced by firm value, and profitability was negatively and significantly influenced. according to the results of the t test.
Downloads
References
Dewantari, N. L. S., Cipta, W., & Susila, G. P. A. J. (2019). Pengaruh ukuran perusahaan dan leverage serta profitabilitas terhadap nilai perusahaan pada perusahaan food and beverages di BEI. Jurnal Prospek, 1(2), 74–83.
Halfiyyah, S. O., & Suriawinata, I. S. (2019). The effect of capital structure, profitability, and size to firm value of property and real estate at Indonesia stock exchange in the period of 2012-2018. Indonesian Journal of Business, Accounting and Management, 2(1), 69–76. https://doi.org/10.36406/ijbam.v2i02.424
Hasibuan, V., AR, M. D., & NP, N. G. W. E. (2016). Pengaruh leverage dan profitabilitas terhadap nilai perusahaan (Studi pada perusahaan property dan real estate yang terdaftar di bursa efek Indonesia periode tahun 2012-2015). Jurnal Administrasi Bisnis (JAB), 39(1), 139–147. www.Kemenperin.go.id
Ispriyahadi, H., & Abdulah, B. (2021). Analysis of the effect of profitability, leverage and firm size on firm value. Journal of Business, Management, and Accounting, 3(2), 64–80. http://e-journal.stie-kusumanegara.ac.id
Jeleel, A., & Olayiwola, B. (2017). Effect of leverage on firm performance in Nigeria: A case of listed chemicals and paints firms in Nigeria. Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Inc, 17(2).
Novari, P. M., & Lestari, P. V. (2016). Pengaruh ukuran perusahaan, leverage, dan profitabilitas terhadap nilai perusahaan pada sektor properti dan real estate. E-Jurnal Manajemen Unud, 5(9), 5671–5694.
Oktaviarni, F. (2019). Pengaruh profitabilitas, likuiditas, leverage, kebijakan dividen, dan ukuran terhadap nilai perusahaan. Jurnal Akuntansi, 9(1), 1–16. https://doi.org/10.33369/j.akuntansi.9.1.1-16
Pratama, I. G. A., & Wiksuana, I. G. B. (2016). Pengaruh ukuran perusahaan dan leverage terhadap nilai perusahaan dengan profitabilitas sebagai variabel mediasi. E-Jurnal Manajemen Unud, 5(2), 1338–1367.
Putra, R. D., & Gantino, R. (2021). Pengaruh profitabilitas, leverage, dan ukuran perusahaan terhadap nilai perusahaan. Esensi : Jurnal Bisnis dan Manajemen, 11(1), 81–96. https://doi.org/doi.org/10.15408/ess.v11i1.20338
Ramadan, I. Z. (2015). Leverage and the Jordanian firms’ value: Empirical evidence. International Journal of Economics and Finance, 7(4), 75–81. https://doi.org/10.5539/ijef.v7n4p75
Rivandi, M., & Petra, B. A. (2022). Pengaruh ukuran perusahaan, leverage, dan profitabilitas terhadap nilai perusahaan pada perusahaan sub sektor makanan. Jurnal Inovasi Penelitian, 2571–2580.
Salsabillah, N., & Purwanto, E. (2023). The effect of leverage, liquidity, and firm size on dividend policy in property and real estate companies listed on the Indonesia stock exchange. Journal of Economics, Finance and Management Studies, 6(11), 5595–5601. https://doi.org/10.47191/jefms/v6-i11-37
Utomo, N. A., & Christy, N. N. A. (2017). Pengaruh stuktur modal, profitabilitas, ukuran perusahaan terhadap nilai perusahaan pada perusahaan LQ45 di bursa efek Indonesia. BIMA : Bingkai Manajemen, 398–415.
Vina, Toni, N., Ariesa, Y., & Hutagalung, G. (2022). The effect of leverage and liquidity on company value with company size as a moderating variable on property and real estate companies listed on the Indonesia stock exchange in 2015-2020. International Journal of Applied Finance and Business Studies, 10(1), 1–6. www.ijafibs.pelnus.ac.id
Wardhany, D. D. A., Hermunigsih, S., & Wiyono Gendro. (2019). Pengaruh profitabilitas, leverage dan ukuran perusahaan terhadap nilai perusahaan (Studi empiris pada perusahaan yang tergabung dalam LQ45 pada periode 2015-2018). Ensiklopedia of Journal, 2(1), 216–224. http://jurnal.ensiklopediaku.org
Winarni. (2023, November 17). 8 Saham LQ45 dengan PER dan PBV terendah per 17 November 2023. DataIndonesia.id. https://dataindonesia.id/pasar-saham/detail/8-saham-lq45-dengan-per-dan-pbv-terendah-per-17-november-2023
