THE INFLUENCE OF LIQUIDITY AND COMPANY SIZE ON THE VALUE OF AUTOMOTIVE SUBSECTOR COMPANIES IN THE INDONESIAN STOCK EXCHANGE

Maradu Ariguna Hutajulu, Dian A. S. Prawansa, Andi Reni
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Abstract

The valuation of companies holds a pivotal role in determining the wealth of shareholders. In the context of the automotive subsector within the Indonesian capital market, understanding the factors that influence company value is of significant interest for investors and stakeholders alike. Two key variables under scrutiny in this research are liquidity and firm size. Liquidity denotes the ability of assets to be readily converted into cash without causing substantial price disruptions, while firm size relates to the scale and scope of a company's operations. This study seeks to investigate the impact of liquidity and firm size on the company value of firms listed on the Indonesia Stock Exchange, specifically within the automotive subsector. The data utilized in this research is quantitative, and the literature review technique is employed to gather data and document research outcomes. The research findings indicate that liquidity has a positive and significant impact on the company value of firms listed on the Indonesia Stock Exchange, particularly in the automotive subsector. On the other hand, firm size also has a positive effect on the company value in the automotive subsector in the Indonesian stock market, but it is not statistically significant.
流动性和公司规模对印尼证券交易所汽车细分行业公司价值的影响
公司估值在决定股东财富方面起着关键作用。在印尼资本市场的汽车细分行业背景下,了解影响公司价值的因素对投资者和利益相关者都很有意义。在这项研究中,两个关键变量是流动性和公司规模。流动性指的是资产在不造成严重价格混乱的情况下随时转换为现金的能力,而公司规模与公司运营的规模和范围有关。本研究旨在调查流动性和公司规模对印尼证券交易所上市公司价值的影响,特别是在汽车细分行业。本研究使用的数据是定量的,采用文献回顾法收集数据并记录研究成果。研究结果表明,流动性对印尼证券交易所上市公司的公司价值有积极而显著的影响,特别是在汽车细分行业。另一方面,企业规模对印尼股票市场汽车细分行业的公司价值也有正向影响,但不具有统计学意义。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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