Proceedings of the 6th Annual International Conference on Management Research (AICMaR 2019)

Determinants of Firm Value: Evidence in Indonesia Stock Exchange

Authors
Dian Surya Sampurna, Erni Romawati
Corresponding Author
Dian Surya Sampurna
Available Online 6 April 2020.
DOI
https://doi.org/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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Volume Title
Proceedings of the 6th Annual International Conference on Management Research (AICMaR 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
6 April 2020
ISBN
978-94-6252-948-9
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.200331.003How to use a DOI?
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/).

Cite this article

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  - https://doi.org/10.2991/aebmr.k.200331.003
ID  - Sampurna2020
ER  -