Pengaruh Faktor Fundamental Perusahaan Terhadap Price to Book Value
Author(s) -
Maryati Rahayu,
Bida Sari
Publication year - 2020
Publication title -
jifa (journal of islamic finance and accounting)
Language(s) - English
Resource type - Journals
eISSN - 2615-1782
pISSN - 2615-1774
DOI - 10.22515/jifa.v3i1.2347
Subject(s) - profitability index , stock exchange , book value , value (mathematics) , share price , monetary economics , economics , investment (military) , return on assets , debt to equity ratio , business , econometrics , accounting , finance , statistics , mathematics , sociology , population , demography , law , nonprobability sampling , earnings , political science , politics
The purpose of this study was to analyze the influence of company fundamental factor on Price to Book Value, by taking samples to manufacture companies the industrial sector consumer goods who registered at the Indonesian stock exchange the period 2015 – 2018 as many as 15 companies. Based on t-test known investment decision, which is proxied by p rice e arning r atio, c apital s tructure which are proxied by d ebt to e quity r atio , profitability which are proxied by r eturn on a sset r atio and size that influence the p rice to b ook v alue significantly . While i nstitutional o wnership has no effect on p rice to b ook v alue . Based on the ANOVA test (F-test)) there are significant influences of investment decision, c apital s tructure (DER), profitability (ROA), i nstitutional o wnership, and size on the price to book value. The results of the coefficient of determination it can be concluded that the fifth of the independent variable affecting price to book value of 59,5 %, while the rest 40 , 5 % can be explained by other factors that is not incorporated into research. Key words : P ER, DER , ROA , Institutional Ownership ,S ize , Pr ice to B ook V alue JEL Classification Codes: G23, L25, L60, M41, O16, L69
Accelerating Research
Robert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom
Address
John Eccles HouseRobert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom