资本结构、财务业绩、投资决策和公司价值

Harlina Liong, Nurdjana Fadjrin Uluputty
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引用次数: 0

摘要

本研究旨在确定资本结构、财务业绩和投资决策对公司价值的影响。资本结构用资产负债率(DER)衡量,财务业绩用资产收益率(ROA)衡量,投资决策用市盈率(PER)衡量。本研究的研究对象是 2017-2021 年期间在印尼证券交易所上市的所有基础设施行业公司。本研究的样本数量为通过目的性抽样获得的 9 家公司,样本数据多达 45 个。本研究的数据类型为二手数据,采用定量研究方法。使用的分析技术是面板数据回归分析,显著性水平为 5%。本研究使用 Eviews 9 软件进行处理。结果表明:(1)资本结构对企业价值有显著影响;(2)财务绩效对企业价值有显著影响;(3)投资决策对企业价值有显著影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Capital Structure, Financial Performance, Investment Decision and Firm Value
This study aims to determine the effect of Capital Structure, Financial Performance, and Investment Decisions on Firm Value. Capital Structure is measured using the Debt to Equity Ratio (DER), Financial Performance is measured using Return On Assets (ROA), and Investment Decisions are measured using the Price Earning Ratio (PER). Meanwhile, firm value is measured using Tobin's Q. The population in this study are all infrastructure sector companies listed on the Indonesia Stock Exchange for the 2017-2021 period. The number of samples in this study was 9 companies obtained through purposive sampling, and sample data as much as 45 was obtained. This study's data type is secondary data with quantitative research methods. The analysis technique used is panel data regression analysis with a significance level of 5%. This research was processed using Eviews 9 software. It showed that (1) Capital Structure has a significant effect on Firm Value, (2) Financial Performance has a significant effect on Firm Value, and (3) Investment Decisions have a significant effect on Firm Value.
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