Comparative Analysis Debt to Equity Ratio and Price to Book Value in State-Owned Enterprises and Private Companies
Literature Study on Construction and Building Sub Sector Emitents
- 10.2991/aebmr.k.210831.129How to use a DOI?
- Debt to Equity Ratio, Price to Book Value, Risk and State Owned Enterprises
This research was conducted to determine the comparison of Debt to Equity Ratio (DER) and Price to Book Value (PBV) between State-Owned Enterprises (SOEs) and private companies that have been listed on the Indonesia Stock Exchange in the category of Building Construction Sub Sector. The problem that often occurs was conducting fundraising through debt which causes high DER levels. However, from previous studies it was known that there is a positive relationship between the DER and PBV. This research was conducted qualitatively with analytical descriptive methods and used secondary data obtained from the IDX. The results showed that the DER level of SOEs was greater than private issuers and the industry average, and the PBV of SOEs issuers was smaller than PBV of private issuers and the industry average. The DER level was inversely proportional to the PBV level, and contradict with the previous studies.
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Cite this article
TY - CONF AU - Dudi Hendra Fachrudin AU - Ratih Huriyati AU - Ikin Solikin AU - Cahyat Rohyana PY - 2021 DA - 2021/09/02 TI - Comparative Analysis Debt to Equity Ratio and Price to Book Value in State-Owned Enterprises and Private Companies BT - Proceedings of the 5th Global Conference on Business, Management and Entrepreneurship (GCBME 2020) PB - Atlantis Press SP - 680 EP - 685 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.210831.129 DO - 10.2991/aebmr.k.210831.129 ID - Fachrudin2021 ER -