Open AccessDeterminan Nilai Perusahaan dengan Size sebagai Variabel Kontrol
Author(s) -
Ni Luh Putu Sariani,
Putu Novia Hapsari Ardianti,
Ni Wayan Wijayanti,
Ni Made Satya Utami,
I Made Purba Astakoni
Publication year - 2021
Publication title -
jurnal ekobistek
Language(s) - English
Resource type - Journals
eISSN - 2527-9483
pISSN - 2301-5268
DOI - 10.35134/ekobistek.v10i3.122
Subject(s) - stock exchange , profitability index , leverage (statistics) , econometrics , nonprobability sampling , variables , statistical hypothesis testing , population , enterprise value , control variable , statistics , economics , value (mathematics) , mathematics , accounting , demography , finance , sociology
The aim of this study is to know and analyze the effect of investment decisions, leverage, profitabilitas and firm size on firm value. The population in this study is manufacturing companies of the sector of cosmetics and household use which are listed in Indonesia Stock Exchange (BEI) in the period 2013-2020. Sampling was done by purposive with the criteria that have been set previously. Data analysis this study uses the Partial Least Square approach (PLS). The results of the test accuracy of the model by looking at the R Square Adjusted that contributed to the model in explaining the relationship of the structural variables is equal to 0,604 (or 60,40%). Variable firm size as a control variable can build a better model by looking at the results of the hypothesis test obtained leads to significant overall. Based on the hypothesis test results, it is found as follows, the first hypothesis; which declares the variable investment decisions have a significant positive impact on the value of the company can be accepted. The results of the test of the second hypothesis; which states leverage has a significant positive impact on the value of the company can be accepted. The results of the test of the third hypothesis; stating profitability has a significant positive impact on the value of the company can be accepted.