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description Research paper public Trisakti School of Management

FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN PADA PERUSAHAAN NON KEUANGAN DI INDONESIA

Deny Irawan, Widyawati Lekok
Published 28 August 2020

Abstract

This research purpose is to test factors that affecting firm’s value.This research test whether the variables such as debt policy, profitability,managerial ownership, intitutional ownership, independent board of commisioner, audit committee and liquidity have effect on firm’s value. The object used in this research is non-financial companies that listed on Indonesia Stock Exchange (IDX) during the research period from 2016 to 2018. The samples are collected by using purposive sampling method, there are 85companies that met the criteria that are used in this research. The data are analyzed using multiple regression. In this research, Firm’s Value are measured by Tobin’s Q.There are some limitation on the data used, such as heteroscedasticty occur. The result of this research shows that profitability have a positive effect on firm’s value. The result of this research shows that debt policy have a negative effect on firm’s value. The research also shows that other tested variable such as managerial ownership, intitutional ownership, independent board of commisioner, audit committee and liquidity have no effect on firm’s value.

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