Indonesian Journal of Sustainability Policy and Technology
Vol. 1 No. 2 (2023): Indonesian Journal of Sustainability Policy and Technology - November 2023

Plantation Industry Firm Value: The Factors of Profitability, Leverage, and Company Size

Rinita Mutiarasani Kurnianingtyas (Universitas Pembangunan Nasional Veteran Jawa Timur)
Anik Yuliati (Universitas Pembangunan Nasional Veteran Jawa Timur)



Article Info

Publish Date
30 Nov 2023

Abstract

Company value is a parameter for investors' assessment of a company's success, which is closely related to share prices. This research aims to test and prove the influence of Profitability, Leverage, and Company Size on Firm Value in plantation companies listed on the Indonesia Stock Exchange for the 2015-2019 period. This research uses a quantitative approach. The population of this research is plantation companies listed on the Indonesia Stock Exchange for the 2015-2019 period, totaling 21 companies. The sample used in this research was 12 plantation companies with a period of 5 years, so the total data (n) was 60. This research data is secondary data from company financial reports from the company website and www.idx.co.id. The method used in this research is Purposive Sampling. The data collection method uses the documentation method. The data analysis used in this research is the multiple linear regression analysis tool and hypothesis testing, namely the F test, t-test, and coefficient of determination; classical assumption tests include the normality test, autocorrelation test, multicollinearity test, and heteroscedasticity test. Based on the analysis that has been carried out, it can be concluded that Profitability (ROE) contributes to company value. On the other hand, Leverage (DAR) and Company Size do not contribute to company value.

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Journal Info

Abbrev

ijospat

Publisher

Subject

Computer Science & IT Economics, Econometrics & Finance Education Environmental Science Law, Crime, Criminology & Criminal Justice

Description

The Indonesian Journal of Sustainability Policy and Technology (IJoSPaT) is a multidisciplinary scientific journal covering many common problems or issues related to sustainability, policy, and technology. This journal publication aims to disseminate the conceptual thoughts or ideas and research ...