4 research outputs found
The effect of company size on company profitability and company value : the case of manufacturing companies
No full textPurpose: Economic conditions have created a tough competition between companies in the industry. The large companies, seek to obtain, acquire, develop, utilize, maintain and disclose strategic resources to the fullest. The paper aims to examine the effects of company size to company profitability and corporate value. Design/Methodology/Approach: The article used random sampling analyzed by variable linearity assumption test. The population consists by manufacturing companies which are included in LQ 45 Index 2013-2015, during the period February 2013 until August 2015 for 6 consecutive years. There are as many as 25 companies in the sample. Findings: The result shows that firm size has strong influence to the determination of profitability and value of manufacturing companies in Indonesia, while profitability has no effect to their value, neither with company size through profitability to company value. This proves that together the size of the company and profitability have no influence on the value of the company, which is caused by profitability because of no effect on the value of the company. Practical Implications: The perception of investors on the level of corporate success is reflected through the value of the company. Increased corporate value due to high stock prices will make investors believe the prospects of the company in the future. Originality/Value: Results must be used by top management because in a highly competitive environment companies must choose the cheapest way in executing investment plans trying to maximize the value of the company.peer-reviewe
The Effect of Profitability, Company Size, Company Growth on Firm Value Through Capital Structure in Food and Beverage Companies on the Indonesia Stock Exchange 2014-2018 Period
No full textThis research was conducted to examine the effect of profitability, company size and company growth on firm value through the capital structure of food and beverage companies listed on the IDX for the 2014-2018 period. The analysis was carried out using secondary data, namely financial reports on the Indonesian Stock Exchange. The technique used in sampling is purposive sampling. The number of samples obtained were 11 food and beverage companies. The analysis technique uses path analysis. The results of the analysis show that profitability has a positive (significant) effect on capital structure, firm size and firm growth has no effect on capital structure, profitability has a positive (significant) effect on firm value. Firm size and company growth have no effect on firm value, capital structure has a negative (significant) effect on firm value. This research shows that investors and traders only pay attention to the profitability of the company to assess the company, have not considered the size of the company and the growth of the company and the capital structure
The Effect of Profitability on Dividend Policy and Firm Value: A Case Study of Indonesian Manufacturing Company
No full textThis research was conducted to examine the effect of profitability on firm value through the dividend policy of manufacturing companies listed on the IDX for the 2015-2018 period. The analysis was carried out using secondary data, namely financial reports on the Indonesian Stock Exchange. The technique used in sampling is purposive sampling. The number of samples obtained was 27 manufacturing companies. The analysis technique uses path analysis. The results of the analysis show that profitability has a positive (significant) effect on dividend policy, dividend policy has an effect on firm value, and dividend policy no effect mediate between profitability and firm value
Growth Opportunity and Firm Value in Indonesian Manufacturing Firms
No full textThis study aims to analyze the effect of investment decisions, funding decisions, dividend decisions on firm value and whether growth opportunity affects the relationship between investment policy, funding policy and dividend policy on firm value. This research was conducted on a manufacturing company that went public on the Indonesia Stock Ex-change. The number of samples in the study was 92 companies with a research period of 2015-2020 so that the amount of data analysis was 552. The data analysis technique used moderated regression analysis (MRA). The results of the study found that investment decisions have a negative effect on firm value. While funding decisions, dividend decisions have a positive effect on firm value. Growth opportunity is able to strengthen the influence of investment decisions on firm value. Growth opportunities weaken funding and dividend decisions. The results of this study indicate that growth opportunity is important infor-mation for investors, because it will be related to the sustainability and prospects of the company in the future
