Pengaruh Profitabilitas, Hutang dan Ukuran Perusahaan terhadap Nilai Perusahaan Makanan dan Minuman
Abstract
The purpose of this study is to obtain empirical evidence of the influence of profitability, debt, and company size on the value of food and beverage companies. This research was conducted in all food and beverage companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2018 period, amounting to 13 sample companies. The sampling method used in this study was purposive sampling and data analysis techniques in this study used multiple linear regression analysis. Based on the analysis conducted, it was found that profitability, debt, and company size had a positive effect on firm value.
Keywords: Profitability; Debt; Company Size; The Value Of The Company.
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References
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Cheng, M.-C., & Tzeng, Z.-C. (2011). The Effect of Leverage on Firm Value and How The Firm Financial Quality Influence on This Effect. World Journal of Management, 3(2), 30–53.
Dewi, A. S. M., & Wirajaya, A. (2013). Pengaruh Struktur Modal, Profitabilitas Dan Ukuran Perusahaan Pada Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana, 4(2), 358–372.
Farooq, M. A., & Masood, A. (2016). Impact of Financial Leverage on Value of Firm : Evidence from Cement Sector of Pakistan. Research Journal Of Finance And Accounting, 7(9), 73–77.
Gusaptono, R. H. (2010). Faktor-Faktor Yang Mendorong Penciptaan Nilai Perusahaan Di BEI. Buletin Ekonomi, 8(2), 149–158.
Herawati, T. (2013). Pengaruh Kebijakan Dividen, Kebijakan Hutang Dan Profitabilitas Terhadap Nilai Perusahaan. Universitas Negeri Padang, 1–18.
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Riaz, M., & Qasim, M. (2016). Islamic Microfinance Institution : The Capital Structure, Growth, Performance and Value of The Firm in Pakistan. Journal of ISOSS, 2(1), 97–101.
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Sudiyatno, B., & Puspitasari, E. (2010). Tobin’s Q dan Altman Z-Score Sebagai Indikator Pengukuran Kinerja Perusahaan. Kajian Akuntansi, 2(1), 9–21.
Susanto, E. (2016). Pengaruh Profitabilitas, Kepemilikan Manajerial, Dan Pertumbuhan Perusahaan (Growth) Terhadap Struktur Modal dan Nilai Perusahaan. Jurnal STIE SEMARANG, 8(3), 1–20.
Tui, S., Nurnajamuddin, M., Sufri, M., & Nirwana, A. (2017). Determinants of Profitability and Firm Value: Evidence from Indonesian Banks. IRA-International Journal of Management & Social Sciences, 7(1), 84–95. https://doi.org/10.21013/jmss.v7.n1.p10
Wiagustini, N. L. P., Sedana, I. B. P., & Badjra, I. B. (2017). Market Reaction and Semi Strong Efficiency Test. International Journal of Research in Commerce, Economics & Management, 7(4), 1–6.
Yanti, I. G. A. D. N., & Darmayanti, N. P. A. (2019). Pengaruh Profitabilitas, Ukuran Perusahaan, Struktur Modal, Dan Likuiditas Terhadap Nilai Perusahaan Makanan Dan Minuman. E-Jurnal Manajemen Universitas Udayana, 8(4), 2297–2324. https://doi.org/10.24843/ejmunud.2019.v08.i04.p15
Cheng, M.-C., & Tzeng, Z.-C. (2011). The Effect of Leverage on Firm Value and How The Firm Financial Quality Influence on This Effect. World Journal of Management, 3(2), 30–53.
Dewi, A. S. M., & Wirajaya, A. (2013). Pengaruh Struktur Modal, Profitabilitas Dan Ukuran Perusahaan Pada Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana, 4(2), 358–372.
Farooq, M. A., & Masood, A. (2016). Impact of Financial Leverage on Value of Firm : Evidence from Cement Sector of Pakistan. Research Journal Of Finance And Accounting, 7(9), 73–77.
Gusaptono, R. H. (2010). Faktor-Faktor Yang Mendorong Penciptaan Nilai Perusahaan Di BEI. Buletin Ekonomi, 8(2), 149–158.
Herawati, T. (2013). Pengaruh Kebijakan Dividen, Kebijakan Hutang Dan Profitabilitas Terhadap Nilai Perusahaan. Universitas Negeri Padang, 1–18.
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 Universitas Udayana, 5(9), 5671–5694.
Purwohandoko. (2017). The Influence of Firm’s Size, Growth, and Profitability on Firm Value with Capital Structure as the Mediator: A Study on the Agricultural Firms Listed in the Indonesian Stock Exchange. International Journal of Economics and Finance, 9(8), 103–110. https://doi.org/10.5539/ijef.v9n8p103
Putri, R. W., & Ukhriyawati, C. F. (2016). Pengaruh Likuiditas, Leverage dan Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan Telekomunikasi yang Terdaftar di Bursa Efek Indonesia Tahun 2012-2014. Jurnal Bening, 3(1), 52–73.
Rachmawati, D., & Pinem, D. B. (2015). Pengaruh Profitabilitas, Leverage Dan Ukuran Perusahaan Terhadap Nilai Perusahaan. Equity, 18(1), 1–18. https://doi.org/10.34209/equ.v18i1.456
Ramadhitya, G. K., & Dillak, V. J. (2018). Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan Dan Keputusan Investasi Terhadap Nilai Perusahaan (Studi Kasus pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Periode 2012-2016). E-Proceeding of Management, 5(3), 3589–3597.
Riaz, M., & Qasim, M. (2016). Islamic Microfinance Institution : The Capital Structure, Growth, Performance and Value of The Firm in Pakistan. Journal of ISOSS, 2(1), 97–101.
Rizqia, D. A., Aisjah, S., & Sumiati. (2013). Effect of Managerial Ownership , Financial Leverage , Profitability , Firm Size , and Investment Opportunity on Dividend Policy and Firm Value. Research Journal of Finance and Accounting, 4(11), 120–130.
Sabrin, Sarita, B., Takdir S., D., & Sujono. (2016). The Effect of Profitability on Firm Value in Manufacturing Company at Indonesia Stock Exchange. The International Journal of Engineering and Science (IJES), 5(10), 81–89. https://doi.org/10.1016/0014-4827(80)90264-5
Safitri, U. K. (2016). Pengaruh Profitabilitas dan Size Terhadap Nilai Perusahaan Dengan Struktur Modal Sebagai Variabel Intervening (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2014). Universitas Muhammadiyah, 1–20.
Septariani, D. (2017). Pengaruh Kebijakan Dividen dan Kebijakan Hutang Terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan LQ45 di BEI periode 2012-2015). Journal of Applied Business and Economics, 3(3), 183–195.
Sudiyatno, B., & Puspitasari, E. (2010). Tobin’s Q dan Altman Z-Score Sebagai Indikator Pengukuran Kinerja Perusahaan. Kajian Akuntansi, 2(1), 9–21.
Susanto, E. (2016). Pengaruh Profitabilitas, Kepemilikan Manajerial, Dan Pertumbuhan Perusahaan (Growth) Terhadap Struktur Modal dan Nilai Perusahaan. Jurnal STIE SEMARANG, 8(3), 1–20.
Tui, S., Nurnajamuddin, M., Sufri, M., & Nirwana, A. (2017). Determinants of Profitability and Firm Value: Evidence from Indonesian Banks. IRA-International Journal of Management & Social Sciences, 7(1), 84–95. https://doi.org/10.21013/jmss.v7.n1.p10
Wiagustini, N. L. P., Sedana, I. B. P., & Badjra, I. B. (2017). Market Reaction and Semi Strong Efficiency Test. International Journal of Research in Commerce, Economics & Management, 7(4), 1–6.
Yanti, I. G. A. D. N., & Darmayanti, N. P. A. (2019). Pengaruh Profitabilitas, Ukuran Perusahaan, Struktur Modal, Dan Likuiditas Terhadap Nilai Perusahaan Makanan Dan Minuman. E-Jurnal Manajemen Universitas Udayana, 8(4), 2297–2324. https://doi.org/10.24843/ejmunud.2019.v08.i04.p15
Published
2020-08-25
How to Cite
PRANATA EKA PUTRA, I Putu; PANDE DWIANA PUTRA, I Made.
Pengaruh Profitabilitas, Hutang dan Ukuran Perusahaan terhadap Nilai Perusahaan Makanan dan Minuman.
E-Jurnal Akuntansi, [S.l.], v. 30, n. 8, p. 2115 - 2126, aug. 2020.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/59488>. Date accessed: 16 apr. 2024.
doi: https://doi.org/10.24843/EJA.2020.v30.i08.p17.
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