公司价值的决定因素:2015年全球危机前后

Okti Witasari, Dwi Cahyaningdyah
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引用次数: 1

摘要

本研究的目的是研究在2012年至2018年印尼证券交易所注册的公司在2015年全球危机前后的价值决定因素。本研究的对象是2012年至2018年在印度尼西亚证券交易所注册的公司。样本数量为906个数据,由151家公司组成。研究样本采用目的性抽样技术。本研究的数据分析采用描述性统计分析、最佳面板数据回归估计的检验模型和多元分析。模型测试结果表明,最佳面板数据估计模型为固定效应模型,而最佳数据危机后估计模型为随机效应模型。假设检验结果表明,机构所有制对危机前后公司价值没有影响,资本结构对危机前后企业价值有显著的正向影响,企业规模对危机前企业价值有明显的负向影响,企业大小对危机后企业价值无影响。本研究的结论是,无论是危机前还是危机后,机构所有权和资本结构都与公司的价值观不矛盾,而公司的规模与公司价值观相关,危机前影响显著的负效应,危机后不影响。文章信息文章历史:2020年9月收到2020年10月批准2021年3月发布
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Determinants of Company Value: Pre and Post Crisis Global 2015
The purpose of this research was to study the determinant of the value of companies preand post-crisis global 2015 about companies registered on the Indonesian Stock Exchange 2012 2018. The population of this research were companies registered on the Indonesian Stock Exchange 2012 2018. The number of samples were 906 datas consist of 151 companies. The research sample was taken using purposive sampling technique. The datas analysis in this research used descriptive statistical analysis, a test model with the best panel data regression estimation, and multiple analysis. The model test results showed that the best panel data estimation model was the fixed effect model, while the best post data crisis estimation model was the random effect model. The hypothesis test results showed that institutional ownership did not influence with preand post-crisis company values, capital structure has a significant positive effect on preand post-crisis company values, company size had a significant negative effect on pre-crisis company values, and company size did not influence post-company value crisis. The conclusions of this research were that no contradiction about institutional ownership and capital structure to the values of the company both pre and post crisis, while the size of the company was related to the values of the company, where the pre-crisis influenced significant negative effect and post-crisis did not influence. Article Information Article History: Received September 2020 Approved October 2020 Published March 2021
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