Determining Factors of Corporate Value in Mining Sector Companies on the Indonesia Stock Exchange
Journal Title: International Journal of Multidisciplinary Research and Analysis - Year 2023, Vol 6, Issue 07
Abstract
The Company’s main goal is to increase corporate value, namely the welfare of the owner which is represented by the higher share price. Therefore, in this study, corporate value is represented by the price to book value ratio. The purpose of this research is to examine the factors that determine corporate value. Factors that are thought to influence corporate value are profitability as measured by return on assets (ROA), institutional ownership, number of independent commissioners, leverage and company size. The population in this study are companies registered in the mining sector with a sample of 15 companies with an observation period of 5 years (2016-2020). The hypothesis test uses multiple regression analysis with a significance level of 0.05. The results showed that only one variable had no effect on corporate value, namely profitability, while the variables of institutional ownership, independent commissioners, leverage and company size had a significant effect on corporate value.
Authors and Affiliations
Anna Nubua Hasibuan, Sutrisno
Keywords
Related Articles
- EP ID EP719219
- DOI 10.47191/ijmra/v6-i7-55
- Views 86
- Downloads 0
Effect of Triangle Solver Game on Secondary School Students’ Achievement and Retention in Trigonometry in Ogoja Education Zone in Cross River State
The study investigated the effect of triangle solver game on secondary school students’ academic achievement and retention in trigonometry in Ogoja Education Zone. Four research questions guided the study, and four null...
Exploration and Evaluation of PFA (Psychological First Aid): Potential for Development of PFA Online Services in Academic Setting
In Indonesia, PFA (Psychological First Aid) services are primarily employed in distress situations; however, a relatively small number are used in crisis situations, mainly in academic settings through the use of digital...
Exercise Therapy for Knee Osteoarthritis to Reduce the Pain: A Systematic Review
The purpose of this study was to assess the value of different models exercise therapy emphasizing exercise for the management of knee osteoarthritis. This analysis included data from four trials with a total of 1,317 in...
Estimating Heat Gain Using Window Filming in Different Geographies
Many disasters are occurring around the world in connection with global warming. Many studies are being carried out to find ways to reduce emission levels of greenhouse gases. Reducing fossil fuel consumption is the most...
Representation of the Campaign Support for Presidential Candidate Ganjar Pranowo In White Hair (Rambut Putih) Song by NDX AKA
This study aims to describe the structure and social cognition contained in the lyrics of the song White Hair. So that listeners of the Javanese song can know in depth what meaning is actually conveyed by the author thro...