Pengaruh Profitabilitas, Sales Growth, Ukuran Perusahaan, Terhadap Nilai Perusahaan

Authors

  • Muhamad Azhar Afiary Universitas Muhammadiyah Sukabumi
  • Nor Norisanti Universitas Muhammadiyah Sukabumi
  • Resa Nurmala Universitas Muhammadiyah Sukabumi

DOI:

https://doi.org/10.37385/msej.v5i2.4664

Keywords:

Profitability, Sales Growth, Company Size, Company Value

Abstract

The aim of this research is to determine the effect of profitability, sales growth, company size on company value for the period 2020-2022 Quarter I to Quarter IV. The population in this study is all pharmaceutical subsector manufacturing companies listed on the Indonesia Stock Exchange, namely 4 listed companies. carried out using independent variables, namely profitability (X1), sales growth (X2) and company size (X3) and the dependent variable Company Value (Y), this research was conducted on pharmaceutical companies listed on the Indonesian stock exchange. The research used is descriptive and associative with a quantitative approach, the data analysis techniques used in this research are statistical and descriptive, which uses a number of tests such as the classic assumption test which consists of normality tests, multiple linear regression analysis, multiple correlation coefficients, hypothesis test (t test) using SPSS. The results of statistical tests prove that there is a significant negative influence between Return On Investment on the value of companies in the Pharmaceutical subsector listed on the Indonesia Stock Exchange, taking into account the p-value (Siq.) of 0.001 < 0.05 with a t-statistic value of -3.538 which shows a negative influence. The results of the Sales Growth statistical test on company value in the Pharmaceutical subsector have a significant positive effect, taking into account the p-value of 0.015<0.05 with a t-statistic value of 2.523 which shows a positive influence. The results of statistical tests prove that there is a significant influence between company size and company value in the Pharmaceutical subsector, taking into account the p-value of 0.039<0.05 with a t-statistic value of 2.126 which shows a positive influence.

References

Abudanti, N. &. (2019). Pengaruh Profitabilitas, Leverage Dan Kebijakan Dividen Terhadap Nilai Perusahaan Properti,. E-Jurnal Manajemen , Vol.8, , No.9, 5632-5651.

Ady, S. U., Salim, U., & Susanto, H. (2010). Analisis Variabel Yang Berpengaruh Terhadap Spread Harga Saham Pada Industri Manufaktur Di Bursa Efek Jakarta. Wacana, 13(132), 227–243.

Archanskaia, E., Canton, E., Hobza, A., Nikolov, P., & Simons, W. (2023). The asymmetric impact of COVID-19: A novel approach to quantifying financial distress across industries. European Economic Review, 158(May), 104509. https://doi.org/10.1016/j.euroecorev.2023.104509

Arifiana, R., & Khalifaturofi’ah, S. O. (2022). the Effect of Financial Ratios in Predicting Financial Distress in Manufacturing Companies. Jurnal Riset Bisnis Dan Manajemen, 15(2), 103–108. https://doi.org/10.23969/jrbm.v15i2.5838

Gill (, 2012) The Impact Of Corporate Governance And Financial Leverage On The Value Of American Firms. Issue 91.

Henry. (2017). Menyatakan Ukuran Perusahaan Merupakan Skala Yang Menunjukkan Besar Atau Kecilnya Suatu Perusahaan

Maryanti, (2016). Analisis Profitabilitas, Pertumbuhan Perusahaan, Pertumbuhan Penjualan Dan Struktur Aktiva Terhadap Struktur Modal Pada Perusahaan Sektor Industri Barang Konsumsi Yang Terdaftar Di Bursa Efek Indonesia.

Ghozali, I. (2016). Aplikasi Analisis Multivariete Dengan Program IBM SPSS 23 (Edisi 8). Cetakan Ke VIII.Ghozali, I. (2016). Aplikasi Analisis Multivariete Dengan Program IBM SPSS 23 (Edisi 8). Cetakan Ke VIII.

Gill, E. All. (2012). The Impact Of Corporate Governance And Financial Leverage On The Value Of American Firms. Issue 91.

Khomsiyah, S. (2001). Faktor Tingkat Kemahalan Harga Saham, Kinerja Keuangan Perusahaan Dan Keputusan Pemecahan Saham (Stock Splits): Aplikasi Analisis Diskriminan. Journal of Indonesian Economy and Business, 16(4), 388–400.

Maleti, D., & Maleti, M. (2012). The role of maintenance regarding improving product quality and company ’ s profitability?: A case study. https://doi.org/10.3182/20121122-2-ES-4026.00040

Sambora, Et Al. (2014). Pengaruh Leverage Dan Profitabilitas Terhadap Nilai Perusahaan. Jurnal Administrasi Bisnis. Jurnal Sains Manajemen & Akuntansi, Vol. 8.

Sugiyono. (2014). Metode Penelitian Pendidikan Pendekatan Kuantitatif, Kualitatif, Dan R&D. Alfabeta.

Sugiyono. (2017). Metode Penelitian Kuantitatif, Kualitatif,. Alfabeta.

Sugiyono. (2022). Metode Penelitian Kuantitatif, Kualitatif, Dan R & D (29th Ed.).

Vika, A., Tifani, N., Nurmala, R., & Sukabumi, U. M. (2022). The Effect Of Return On Asset, Return On Equity, Net Profit Margin, Earnings Per Share On Stock (Financial Studies In The Healthcare Su-Sector Written On The Indonesian Stock Exchange In 2016-2020)

Sartono. (2010). Manajemen Keuangan Teori Dan Aplikasi. Yogyakarta.

Sugiyono. (2017). Metode Penelitian Kuantitatif, Kualitatif, Dan R&D. Alfabeta.

Sutrisno, W., & Yuniartha, F. (2000). Pengaruh Stock Split Terhadap Likuiditas Dan Return Saham Di Bursa Efek Jakarta. Pengaruh Stock Split Terhadap Likuiditas Dan Return Saham Di Bursa Efek Jakarta, 2(2), 1–13. https://doi.org/10.9744/jmk.2.2.pp.1-13

Downloads

Published

2024-03-16

How to Cite

Afiary, M. A., Norisanti, N., & Nurmala, R. (2024). Pengaruh Profitabilitas, Sales Growth, Ukuran Perusahaan, Terhadap Nilai Perusahaan. Management Studies and Entrepreneurship Journal (MSEJ), 5(2), 4236–4246. https://doi.org/10.37385/msej.v5i2.4664