Factors Affecting Firm Value

Authors

  • Juliarta Elisabeth Silitonga Universitas Pembangunan Panca Budi
  • Talitha Nabila Universitas Pembangunan Panca Budi
  • Muhammad Khoiri Luthfi Universitas Pembangunan Panca Budi
  • Dona Olivia Sihombing Universitas Pembangunan Panca Budi
  • An Suci Azzahra Universitas Pembangunan Panca Budi

DOI:

https://doi.org/10.47134/aaem.v2i3.550

Keywords:

Debt to Equility (DPR), Devident Payout Ratio (DPR), Price to Book Value (PBV)

Abstract

This Study aims to analyze the effect of Debt to Equity Ratio (DER), Divident Payout Ratio (DPR) and Price to Book Value (PBV) on firm value in the energy sector listed on the Indonesia Stock Exchange. Using data for the period 2019 to 2023 as a sample, this study examines the relationship between these three financial ratios and firm value as measured by Price to Book Value (PBV). The analysis methods used are classical assumption test, multiple linear regression, descriptive statistics, coefficients of determinations, t test and f test to determine the significant effect of each variable on firm value.

References

Ahmad, S.Z. (2019). Social media adoption and its impact on firm performance: the case of the UAE. International Journal of Entrepreneurial Behaviour and Research, 25(1), 84-111, ISSN 1355-2554, https://doi.org/10.1108/IJEBR-08-2017-0299

Alarussi, A.S. (2018). Factors affecting profitability in Malaysia. Journal of Economic Studies, 45(3), 442-458, ISSN 0144-3585, https://doi.org/10.1108/JES-05-2017-0124

Arison, N. (2019). Pengaruh Earning Per Share, Return On Equity, Net Profit Margin, Debt to Equity Ratio, Price Earning Ratio Terhadap Harga Saham Pada Perusahaan Perbankan Yang Terdaftar Dibursa Efek Indonesia Periode 2014-2017. Jurnal Manajemen, 5(2), 61–70. http://ejournal.lmiimedan.net

Chen, C. (2018). What drives purchase intention on Airbnb? Perspectives of consumer reviews, information quality, and media richness. Telematics and Informatics, 35(5), 1512-1523, ISSN 0736-5853, https://doi.org/10.1016/j.tele.2018.03.019

Diamantidis, A.D. (2019). Factors affecting employee performance: an empirical approach. International Journal of Productivity and Performance Management, 68(1), 171-193, ISSN 1741-0401, https://doi.org/10.1108/IJPPM-01-2018-0012

FAKTOR-FAKTOR YANG MEMPENGARUHI KINERJA KEUANGAN PERUSAHAAN (DPR, DER, DAN ROE). (2007). Ятыатат, вы12у(235), 245. http://digilib.unila.ac.id/4949/15/BAB II.pdf

Hussain, M. (2019). M-payment adoption for bottom of pyramid segment: an empirical investigation. International Journal of Bank Marketing, 37(1), 362-381, ISSN 0265-2323, https://doi.org/10.1108/IJBM-01-2018-0013

Mahayati, F., Fatonah, S., & Meilisa, R. (2021). Pengaruh Return on Equity (Roe) Dan Debt To Equity Ratio (Der) Terhadap Nilai Perusahaan (Pbv) Pada Perusahaan Manufaktur Sub Sektor Logam Dan Sejenisnya Yang Terdaftar Di Bei. Jurnal Valuasi: Jurnal Ilmiah Ilmu Manajemen Dan Kewirausahaan, 1(1), 258–267. https://doi.org/10.46306/vls.v1i1.26

Mia Novianti, Dirvi Surya Abbas, & Triana Zuhrotun Aulia. (2023). Pengaruh Likuiditas dan Profitabilitas Terhadap Nilai Perusahaan. Jurnal Mutiara Ilmu Akuntansi, 2(1), 56–66. https://doi.org/10.55606/jumia.v2i1.2276

Mooneeapen, O. (2022). The influence of the country governance environment on corporate environmental, social and governance (ESG) performance. Sustainability Accounting, Management and Policy Journal, 13(4), 953-985, ISSN 2040-8021, https://doi.org/10.1108/SAMPJ-07-2021-0298

Paoloni, M. (2020). Knowledge management, intellectual capital and entrepreneurship: a structured literature review. Journal of Knowledge Management, 24(8), 1797-1818, ISSN 1367-3270, https://doi.org/10.1108/JKM-01-2020-0052

Putri, I. S., & Amalia, N. R. (2024). Struktur Modal Investasi Perusahaan Dengan Pengungkapan Lingkungan Sebagai Variabel Moderasi. Solusi, 22(2), 197. https://doi.org/10.26623/slsi.v22i2.9011

Rosydah, L. H., Hapsari, D. W., & Dinata, R. O. (2023). Pengaruh Assets Growth, Free Cash Flow, Dan Leverage Terhadap Dividend Policy (Studi Kasus Perusahaan Sektor Energi yang Terdaftar di Bursa Efek Indonesia Periode 2016-2020). E-Proceeding of Management, 10(2), 1043–1052.

Saha, R. (2020). Effect of ethical leadership and corporate social responsibility on firm performance: A systematic review. Corporate Social Responsibility and Environmental Management, 27(2), 409-429, ISSN 1535-3958, https://doi.org/10.1002/csr.1824

Santoso, R. A., & Handayani, A. (2019). Pengaruh Debt To Equity Ratio Terhadap Dividend Payout Ratio Melalui Return on Asset. Manajerial, 6(2), 53. https://doi.org/10.30587/manajerial.v6i2.1013

Syahputra, R. R., & Idawati, W. (2024). Pengaruh Price Earnings Ratio (Per), Price To Book Value (Pbv), Dan Inflasi Terhadap Harga Saham Perusahaan Farmasi Yang Tercatat Di Bei 2017-2021. Journal of Accounting, Management and Islamic Economics, 2(1), 139–156. https://doi.org/10.35384/jamie.v2i1.555

Szász, L. (2021). Industry 4.0: a review and analysis of contingency and performance effects. Journal of Manufacturing Technology Management, 32(3), 667-694, ISSN 1741-038X, https://doi.org/10.1108/JMTM-10-2019-0371

Takahashi, H. (2021). When the Japanese stock market meets COVID-19: Impact of ownership, China and US exposure, and ESG channels. International Review of Financial Analysis, 74, ISSN 1057-5219, https://doi.org/10.1016/j.irfa.2021.101670

Tu, M. (2018). An exploratory study of internet of things (IoT) adoption intention in logistics and supply chain management a mixed research approach. International Journal of Logistics Management, 29(1), 131-151, ISSN 0957-4093, https://doi.org/10.1108/IJLM-11-2016-0274

Ulas, D. (2019). Digital Transformation Process and SMEs. Procedia Computer Science, 158, 662-671, ISSN 1877-0509, https://doi.org/10.1016/j.procs.2019.09.101

Ummah, M. S. (2019). PENGARUH FIRM SIZE, RETURN ON EQUITY (ROE), DAN LEVERAGE TERHADAP NILAI PERUSAHAAN PADA PT. INDOFOOD SUKSES MAKMUR TBK. Sustainability (Switzerland), 11(1), 1–14. http://scioteca.caf.com/bitstream/handle/123456789/1091/RED2017-Eng-8ene.pdf?sequence=12&isAllowed=y%0Ahttp://dx.doi.org/10.1016/j.regsciurbeco.2008.06.005%0Ahttps://www.researchgate.net/publication/305320484_SISTEM_PEMBETUNGAN_TERPUSAT_STRATEGI_MELESTARI

Windasari, N.A. (2022). Digital-only banking experience: Insights from gen Y and gen Z. Journal of Innovation and Knowledge, 7(2), ISSN 2530-7614, https://doi.org/10.1016/j.jik.2022.100170

Downloads

Published

2025-01-03

How to Cite

Silitonga, J. E., Talitha Nabila, Muhammad Khoiri Luthfi, Dona Olivia Sihombing, & An Suci Azzahra. (2025). Factors Affecting Firm Value. Journal of Advances in Accounting, Economics, and Management, 2(3), 12. https://doi.org/10.47134/aaem.v2i3.550

Issue

Section

Articles