Pengaruh Profitability dan Leverage terhadap Nilai Perusahaan
DOI:
https://doi.org/10.61393/heiema.v1i2.70Keywords:
Profitability, Leverage, Firm ValueAbstract
The purpose of this study is to examine the effect of profitability and leverage, either partially or jointly, on firm value in the construction of companies listed on the Indonesia Stock Exchange in 2017-2021. The data analysis method in this study uses multiple linear regression to predict the effect of the independent variables. The population in this study was the construction of the Indonesia Stock Exchange company building in 2017-2021, then 11 samples were obtained with 5 years of observation and 55 observations were obtained according to the criteria. The results showed that profitability and leverage, both simultaneously and partially, affected the value of the company's building construction companies listed on the Indonesia Stock Exchange for that period. Profitability affects the value of the company, this shows that high profits will lead to an increase in business value. Leverage does not affect firm value, this shows that a high level of leverage does not affect the number of short-term and long-term debts that must be paid off by the company.
References
Arastika, I. P., & Khairunnisa. (2017). Pengaruh leverage , profitabilitas dan pertumbuhan perusahaan terdadap nilai perusahaan. Jurnal Wawasan Dan Riset Akuntansi, 7(2), 125–133.
Chaidir. (2014). Pengaruh Struktur Modal, Profitabilitas, dan Pertumbuhan Perusahaan terhadap Nilai Perusahaan pada Perusahaan Sub Sektor Transportasi Yang Tercacat di Bursa Efek Indonesia Periode 2012-2014. JIMFE, 1(2), 1–21.
Dewi, A. S. M., & Wirajaya, A. (2013). Pengaruh Struktur Modal, Profitabilitas dan Ukuran Perusahaan Pada Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana, 2, 358–372.
Fibriyanto, D. (2015). Analisis Pengaruh Struktur Modal terhadap Nilai Perusahaan Property dan Realestate Yang Listing Di Bursa Efek Indonesia Tahun 2009-2011. Jurnal Administrasi Bisnis, 27(2), 1–8.
Firdaus. (2011). Ekonometrika: Suatu Pendekatan Aplikasi. Jakarta: Bumi Aksara.
Ghozali, H. I. (2013). Aplikasi Ananlisis Multivariate dengan Program IBM SPSS 21.Semarang:, Universitas Dipenogoro.
Hermuningsih, S. (2012). Pengaruh Profitabilitas, Size terhadap Nilai Perusahaan dengan Sruktur Modal Sebagai Variabel Intervening. Jurnal Siasat Bisnis, 16(2), 232–242.
Mariana, Abdullah, S., & Mahmud, M. (2020). Corporate Governance Perception Index , Profitability and Firm Value in Indonesia. Technology and Investment, 11(2), 13–21. https://doi.org/10.4236/ti.2020.112002
Mariana, & Ibrahim, A. (2022). Determinan Cash Holding pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Pendahuluan. Jurnal Riset Hukum, Ekonomi Islam, Ekonomi, Manajemen Dan Akuntansi, 1(1), 1–13. http://jurnal.stisalhilalsigli.ac.id/index.php/jhei/article/view/28
Mariana, M., & Ramadana, S. W. (2020a). Determinant of Firm Value LQ45 on Indonesia Stock Exchange. Journal of Sosial Science, 1(4), 137–141. https://doi.org/10.46799/jsss.v1i4.54
Mariana, Nadiarsyah, & Abdullah, S. (2018). Informasi Akuntansi, Informasi Non-Akuntansi, dan Keputusan Pemberian Kredit. Jurnal Reviu Akuntansi Dan Keuangan, 8(2), 177–186. https://doi.org/10.22219/jrak.v8i
Mariana, & Ramadana, S. W. (2020b). Determinants of Firm Value: Evidence in Indonesia Stock Exchange. Journal of Social Science, 1(4), 137–141. https://doi.org/10.2991/aebmr.k.200331.003
Priatna, H. (2016). Pengukuran Kinerja Perusahaan Dengan Rasio Profitabilitas. Jurnal Ilmiah Akuntansi, 7(2), 44–53. http://ejournal.unibba.ac.id/index.php/AKURAT
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. 4(11), 120–130.
Rudangga, I. G. N. G., & Sudiarta, G. M. (2016). Pengaruh Ukuran Perusahaan, Leverage, dan Profitabilitas terhadap Nilai Perusahaan. E-Jurnal Manajemen Unud, 5(7), 4394–4422.
Sari, N., & Febriyani, A. (2017). Pengaruh Return On Assets, Return On Equity Dan Price To Book Value Terhadap Harga Saham Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2010-2014. Jurnal Manajemen, 2(1), 55–72.
Sari, P. I. P., & Abundanti, N. (2014). Leverage Terhadap Profitabilitas dan Nilai Perusahaan. E-Jurnal Manajemen Unud, 3(5), 1427–1441.
Sari, R. N. (2016). Pengaruh Profitabilitas dan Kebijakan Dividen Terhadap Return Saham Perusahaan Manufaktur Dengan Nilai Perusahaan Sebagai Variabel Intervening Periode 2010-2014. Jurnal Pendidikan Dan Ekonomi, 6(1), 88–95.
Setiadewi, K. A. Y., & Purbawangsa, I. B. A. (2015). Pengaruh Ukuran Perusahaan dan Leverage terhadap Profitabilitas dan Nilai Perusahaan. E-Jurnal Manajemen Unud, 2(2), 596–609.
Sofiamira, N. A., & Asandimitra, N. (2017). Capital Expenditure, Leverage, Good Corporate Governance, Corporate Social Responsibility: Pengaruhnya Terhadap Nilai Perusahaan. Jurnal Ekonomi Dan Bisnis, 20(2), 191. https://doi.org/10.24914/jeb.v20i2.691
Stela, A. K. A., & Rhumah, A. M. A. (2017). Effect of Board Diversity, Audit Committee, Managerial Ownership, Ownership of Institutional, Profitability and Leverage on Value of the Firm. International Journal of Financial Management (IJFM), 8(1), 1–10. http://www.iaset.us/view_archives.php?year=2016&jtype=2&id=35&details=archives
Suroso, M. (2013). Pengaruh Informasi Akuntansi Terhadap Pengambilan Keputusan Kredit pada PT. Bank Mandiri Tbk, Cabang Imam Bonjol. Jurnal Akuntansi Bisnis Dan Publik, 4(1), 1–16.
Tahu, G. P., & Susilo, D. D. B. (2017). Effect of Liquidity , Leverage and Profitability to The Firm Value (Dividend Policy as Moderating Variable) in Manufacturing Company of Indonesia Stock Exchange. Research Journal of Finance and Accounting, 8(18), 89–98.
Wedayanthi, K. K., & Darmayanti, N. P. A. (2016). Pengaruh Economic Value Added, Komposisi Dewan Komisaris Independen Dan Return On Assets terhadap Nilai Perusahaan. E-Jurnal Manajemen Unud, 5(6), 3647–3676.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 Saiful Bahgia, Azlina
This work is licensed under a Creative Commons Attribution 4.0 International License.
