Determinants of Firm Value: Evidence in Indonesia Stock Exchange

DOI

10.2991/aebmr.k.200331.003How to use a DOI?

Keywords

institutional ownership, firm size, profitability, leverage, investment opportunity set, firm value

Abstract

This study seeks to examine the determinants of firm value of listed manufacturing companies in Indonesia Stock Exchange (IDX) during a five-year period. The factors namely institutional ownership, firm size, profitability, leverage, and investment opportunity set. The sample was determined based on panel data, with a total sample of 84 manufacturing companies, so as many as 420 observations were obtained during the study period. The data analysis method used regression panel data. The results show size, return on assets, and market to book value of equity have a positive significant on firm value. The results also show debt to total assets have a negative significant on firm value. However, institutional ownership has a negative insignificant on firm value. The main value of this study is the identification of the factors that influence the firm value of listed manufacturing companies in Indonesia.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Dian Surya Sampurna
AU  - Erni Romawati
PY  - 2020
DA  - 2020/04/06
TI  - Determinants of Firm Value: Evidence in Indonesia Stock Exchange
BT  - Proceedings of the 6th Annual International Conference on Management Research (AICMaR 2019)
PB  - Atlantis Press
SP  - 12
EP  - 15
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200331.003
DO  - 10.2991/aebmr.k.200331.003
ID  - Sampurna2020
ER  -