Determinants of Firm Value: Evidence in Indonesia Stock Exchange

Dian Surya Sampurna and Erni Rohmawati (2020) Determinants of Firm Value: Evidence in Indonesia Stock Exchange. In: International Conference on Business Economy and Social Science (ICBESS) 2019, Rabu dan Kamis, 6-7 November 2019, Hotel Mercure, Ancol, Jakarta.

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Abstract

This study seeks to examine the determinants of firm value of listed manufacturing companies in Indonesia Stock Exchange (IDX) during a five-year period. The factors namely institutional ownership, firm size, profitability, leverage, and investment opportunity set. The sample was determined based on panel data, with a total sample of 84 manufacturing companies, so as many as 420 observations were obtained during the study period. The data analysis method used regression panel data. The results show size, return on assets, and market to book value of equity have a positive significant on firm value. The results also show debt to total assets have a negative significant on firm value. However, institutional ownership has a negative insignificant on firm value. The main value of this study is the identification of the factors that influence the firm value of listed manufacturing companies in Indonesia.

Item Type: Conference or Workshop Item (Paper)
Contributors:
ContributionContributorsNIDNEmail
AuthorDian Surya Sampurna0308108301purna.stei@gmail.com
AuthorErni Rohmawati0322048601UNSPECIFIED
Subjects: H Social Sciences > HG Finance
Divisions: S1 Manajemen
Depositing User: Dian Surya Sampurna
Date Deposited: 30 Aug 2020 02:28
Last Modified: 25 Sep 2021 01:43
URI: http://repository.stei.ac.id/id/eprint/511

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