Impact of Fundamental, Risk and Demography on Value of the Firm

Abstract

The purpose of this study is to examine the effect of the company's fundamentals (DER and ROA), Systematic risk (beta stocks) and population growth (PP) on firms value (PBV).The sampleswas food and beverage sub-sectors listed in Indonesia Stock Exchange. The sampling technique is purposive sampling. The data used annual data from 2010 to 2015. The analytical method used is multiple regression.The results of this research show that partially Debt Equity Ratio (DER), Return on Assets (ROA) and population growth (PP) positive and significant impact on the PBV while Systematic Risk (Beta Shares) not significant positive effect on the PBV.Simultaneously DER, ROA, Beta Stocks and PP significant effect on PBV. Value Adjusted R Square of 0.859. Keyword: Corporate Values ​​(Price Book Value / PBV), Debt to Equity Ratio (DER), Return on Assets (ROA), Systematic Risk (Beta Equity) and Population Growth (PG).