THE ROLE OF PROFITABILITY, CAPITAL STRUCTURE AND FIRM SIZE TOWARDS THE FIRM VALUE OF PT. CITRA MARGA NUSAPHALA PERSADA, TBK DURING PERIOD 1995-2017

Main Article Content

Julio Yusuf
Andam Dewi Syarif

Abstract

This research has intend to reveal and investigate the impact of return on assets, return on equity, debt equity ratio, and firm size towards firm value of PT. Citra Marga Nusaphala Persada Tbk. The research Sampling used a quantitative approach. The Samples obtained and used were financial Statements of PT CMPN Tbk which have been published on the IDX with an observation period of 23 years with 2 semesters of each year. These research data used was secondary data through time series data analysis method. The results of this research shows that return on assets has a negative and significant affect on firm value; return on equity has a positive and significant affect on firm value; debt equity ratio has a negative and significant affect on firm value; firm size has no significant affect on firm value.

Article Details

Section
Articles

References

Adniyana Putra, I., & Wirawati, N. G. P. (2013). “Pengaruh Kepemilikan Manajerial Terhadap Hubungan Antara Kinerja Dengan Nilai Perusahaan”. E-Jurnal Akuntansi, 5(3), 639-651.
Afzal, A., & Rohman, A. 2012. “Pengaruh Keputusan Investasi, Keputusan Pendanaan, dan Kebijakan Dividen terhadap Nilai Perusahaan”.Diponegoro Journal of Accounting, Volume.1, No.2. Hal 1-9.
Anggraeni, D., & Kayobi, I.G.M.A. 2015. “Pengaruh Debt to Equity Ratio, Debt to Total Asset, Deviden Tunai dan Ukuran Perusahaan terhadap Nilai Perusahaan (Perusahaan Manufaktur Sektor Barang Konsumsi yang terdaftar Di BEI Periode 2011-2014). Jurnal Akuntansi dan Keuangan, Vol. 4, No. 1
Anisyah & Purwohandoko. 2017. Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan Dan Struktur Modalterhadap Nilai Perusahaan Pada Sektor Pertambangan Yang Terdaftar Pada Bursa Efek Indonesia Periode 2010-2015. Jurnal Manajerial Bisnis – Volume 1, Nomor 1, Agustus – November 2017 : 34 – 46.
Annual Report of PT. CMNP, Tbk. 2018. Fiscal year 2008-2017.
Ansori, M., & HN Denica. 2010. The Influence of Investment Decisions, Funding Decisions and Dividend Policy on Firm Value in Companies that are Members of the Jakarta Islamic Index Study on the Indonesia Stock Exchange (BEI). Management Analysis, ISSN: 1411-1799.
Brigham, E.F., & Houston. 2010. Fundamental of Financial Management: Basics of Financial Management. Edition 10. Jakarta: Four Salemba.
Hasnawati, S. 2005. "The Impact of Investment Opportunity Sets on the Value of Public Companies in the Jakarta Stock Exchange". JAAAI 9 (2): 117-126.
Kasmir. (2010). Pengantar Manajemen Keuangan. Jakarta: Kencana Prenada Media Group.
Mahendra, A., et al. 2012. Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur di Bursa Efek Indonesia. Jurnal Manajemen, Strategi Bisnis, dan Kewirausahaan, Vol. 6, No. 2.
Mule, R.K., Mukras Suleiman M., & Nzioka Mutunga Onesmus. 2015. Coroporate Size, Profitability, and Market Value: An Econometric Panel Analysis of Listed Firms in Kenya. European Scientific Journal, 11(13):376-396.
Prastowo, D., & Julianti, R. 2005. Financial Statement Analysis. Concept and Application. Second Edition. UPP AMP YKPN, Yogyakarta.
Rochmach, A.M. 2015. The Effect of Financial Performance, Investment Decisions and Capital Structure on Firm Value. Journal of Accounting Science & Research Vol. 4 No. 4.
Sartono, A. 2003. Manajemen Keuangan (Teori dan Aplikasi). BPFE, Yogyakarta.
Sinha, A.K. 2017. Impact of Organization’s Culture on Employees’ Commitment: Evidence From Five Homogeneous Units Under A Group Of Company Operating In Different States In India. Journal of Business Studies Quarterly. Vol. 8, No. 3
Sucuahi, W., & Cambarihan, J.M. 2016. Influence of Profitability to the Firm Value of Diversified Companies in the Philippines. Accounting and Finance Research, Vol. 5 No.2, 149-153.
Sukoco, H. 2013. Analisis Pengaruh Debt To Equity Ratio, Profitabilitas, Firm Size, dan Likuiditas Terhadap Nilai Perusahaan. Jurnal Fakultas Ekonomi dan Bisnis Universitas Doponegoro.
Tampubolon, H., & Doloksaribu. 2011. The Influence of Fundamental Factors and Investment Opportunity Set (Ios) on Stock Prices of Manufacturing Issuers on the Indonesia Stock Exchange. Field. Research Institute of Hkbp Nommensen University Medan.
Torang, S. 2012. Metode Riset Struktur & Perilaku Organisasi. Bandung: Alfabeta.
Widarjo, W., & Setiawan, D. 2009. Effect of Financial Ratios on Financial Distress Conditions in Automotive Companies. Journal of Business and Accounting.