Return on Assets as an Intervening Variable: Analysis of Factors Affecting Firm Value?

DOI

10.2991/978-94-6463-140-1_18How to use a DOI?

Keywords

total asset turnover; current ratio; return on assets; firm value

Abstract

The samples used in this study were all pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) for the 2016–2020 period using the purposive sampling method. There are 8 pharmaceutical companies selected as samples. The data analysis method used is Path Analysis, where Path Analysis is the development of multiple linear regression. Based on the results of data analysis, it was found that TATO had an insignificant negative effect on Firm Value, CR had a significant positive effect and a negative direction on Firm Value, ROA had an insignificant negative effect on Firm Value, TATO had an insignificant negative effect on ROA, CR had an insignificant negative effect on ROA.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Ade Gunawan
AU  - M. Firza Alpi
PY  - 2023
DA  - 2023/04/30
TI  - Return on Assets as an Intervening Variable: Analysis of Factors Affecting Firm Value?
BT  - Proceedings of the 2022 Brawijaya International Conference (BIC 2022)
PB  - Atlantis Press
SP  - 173
EP  - 185
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-140-1_18
DO  - 10.2991/978-94-6463-140-1_18
ID  - Gunawan2023
ER  -