The influence of IOS, DER, and ROA on the  value of transportation and logistics companies  listed on the IDX in 2017-2021

Nurfika  Dewi; Defriko Gusma Putra; Indra Mulia Pratama

doi:10.38043/revenue.v3i1.4522

Authors

Nurfika Dewi Universitas PGRI Sumatera Barat
Defriko Gusma Putra Universitas PGRI Sumatera Barat
Indra Mulia Pratama Universitas PGRI Sumatera Barat

DOI:

https://doi.org/10.38043/revenue.v3i1.4522

Keywords:

PBV (Company Value), investment opportunity set, capital structure, profitability

Abstract

This research is motivated by the low average PBV of sector companies’ transportation and logistics compared to other sectors over the last 5 years. The aim of this research is to determine the influence of Investment Opportunity Set, Modal Structure, and Profitability on Sector Company Value Transportation and Logistics
Listed on the Indonesian Stock Exchange 2017-2021 partially and simultaneously. The results of this research show that the investment Opportunity Set proved to have a significant negative effect on company value in the
sector of transportation and logistics which is listed on the Indonesian stock exchange in 2017-2021. Based on the results of data analysis value statistics amounting to -2.811539 with a probability value of 0.0147 < 0.05. The capital structure is proven not to influence stomach values in the sector of transportation and logistics which is listed on the Indonesian stock exchange in 2017-2021. Based on the results of data analysis value statistics amounting to -0.337478 with a probability value of 0.7411 > 0.05. Proven profitability significant negative effect on company
value in the sector of transportation and logistics which is listed on the Indonesian stock exchange in 2017-2021. Based on the results of data analysis obtained tstatistics of -2.326885 with a probability value of large 0.0368 < 0.05.

References

Articles

Arumuninggar, M., & Mildawati. T. (2022). Pengaruh Profitabilitas, Leverage, Dan Likuiditas Terhadap Harga Saham Pada Perusahaan Makanan Dan Minuman di Bei. Jurnal Ilmu Dan Riset Akuntansi, 11(3), 1–18.

Auliya, A. N., & Yahya. (2021). Pengaruh profitabilitas, likuiditas dan leverage terhadap harga saham. Jurnal Ilmu dan Riset Manajemen, 9(9), 1-17.

Aura, S., & Efrianti, D. (2021). Pengaruh Likuiditas, Profitabilitas, Dan Pertumbuhan Penjualan Terhadap Harga Saham Perusahaan Sub Sektor Makanan Dan Minuman. Jurnal Ilmiah Akuntansi Kesatuan, 9(2), 399–418.

Aurelia, Stefany, & Sastra, H. (2022). Pengaruh Likuiditas, Solvabilitas, Profitabilitas Terhadap Harga Saham Sub Sektor Food and Beverages Yang Terdaftar di BEI Tahun 2016-2020. Jurnal Ilmiah Manajemen Kesatuan, 10(3), 499–510.

Darmawan, A., Widyasmara, M. Y., Rejeki, S., Aris, M. R., & Yasin, R. (2019). Pengaruh likuiditas, profitabilitas, dan ukuran perusahaan terhadap kebijakan dividen dan harga saham (Studi kasus pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2013-2017). Derivatif: Jurnal Manajemen, 13(1), 24–33.

Dewi, M. D., & Adiwibowo, D. S. (2019). Pengaruh Profitabilitas, Liabilitas, Leverage, Pertumbuhan Penjualan, dan Dividen terhadap Harga Saham (Konsisten Terdaftar LQ45 Periode Tahun 2014-2016). Diponegoro. Journal of Accounting, 8(1), 1-15.

Dirman, A. (2020). Financial distress: the impacts of profitability, liquidity, leverage, firm size, and free cash flow. International Journal of Business, Economics and Law, 22(1), 17-25.

Faleria, R. E., Lambey, L., & Walandouw, S. K. (2017). PENGARUH CURRENT RATIO, NET PROFIT MARGIN DAN EARNING PER SHARE TERHADAP HARGA SAHAM DI BURSA EFEK INDONESIA (Studi Kasus pada Sub Sektor Food and Beverages). Going concern jurnal riset akuntansi, 12(2). http://dx.doi.org/10.32400/gc.12.2.17483.2017

Ghozali, M., Handayani, R., & Bakri, W. (2021). Sharia Islamic Economics in the Middle of Civilization Transition. Journal of Sharia Economics, 3(1), 64-75.

Hapsari, D. (2019). Analisis Harga Saham Sebagai Dampak Dari Arus Kas, Pertumbuhan Penjualan, Dan Laba Bersih, 1–23.

Khanani. (2018). Pengaruh Cr, Der, Tato, Dan Npm Terhadap Harga Saham Pada Perusahaan Food and Beverages. Jurnal Ilmu Dan Riset Manajemen, 7,1–19.

Kosasih, C. & Setyawan, I. R. (2022). Pengaruh profitabilitas, leverage, dan modal intelektual terhadap harga saham. Jurnal Manajerial dan Kewirausahaan, 4(4), 882-890.

Margaretha, I., Murni, S., & Tulung, J. E. (2022). The effect of return on assets, debt to equity ratio, and current ratio on stock prices on food and beverage companies listed on IDX for the 2015 – 2019 period. Jurnal EMBA, 10(2), 600-609.

Markowitz, H. (1952). Portfolio Selection. The Journal of Finance, 7, 77-91. https://doi.org/10.1111/j.1540-6261.1952.tb01525.x

Raharjo, A. (2021). Pengaruh Eva Dan Mva Terhadap Return Saham Pada Perusahaan Idx30 di Bei. Jurnal Ilmiah Manajemen Ubhara, 3(1), 169. https://doi.org/10.31599/jmu.v3i1.860

Sudiyono. (2023). Pengaruh Earning Per Share, Debt to Equity Ratio Dan Return on Equity Terhadap Harga Saham Pada Perusahaan Lq45 Yang Terdaftar Di Bursa Efek Indonesia Tahun 2018-2021. Jubisma, 5(1), 1–10. https://doi.org/10.58217/jubisma.v5i1.80.

Utami, R. M., & Darmawan, A. (2018). Pengaruh Der, Roa, Roe, Eps Dan Mva Terhadap Harga Saham Pada Indeks Saham Syariah Indonesia. Journal of Applied Managerial Accounting, 2(2), 206–218. https://doi.org/10.30871/jama.v2i2.910.

Valintino, R. & Sularto, L. (2013). Pengaruh Return on Asset (ROA), Current Ratio (CR), Return on Equity (ROE), Debt to Equity Ratio (DER), dan Earning Per Share (EPS) Terhadap Harga Saham Perusahaan Manufaktur Sektor Industri Barang Konsumsi Di BEI. Proceeding PESAT (Psikologi, Ekonomi, Sastra, Arsitektur & Teknik Sipil), 5, 195-202.

Vinet, Luc, & Zhedanov, A. (2011). Pengaruh ROE, ROA, dan EPS Terhadap Harga Saham Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia. Journal of Physics A: Mathematical and Theoretical, 44(8), 1–19. https://doi.org/10.1088/1751-8113/44/8/085201

Zulkarnain, Laekkeng, M., & Djamereng, A. (2021). Pengaruh Current Ratio, Return on Equity, Earning per Share Dan Debt to Equity Terhadap Harga Saham Pada Perusahaan Sub Sektor Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Magister Manajemen Universitas Muslim Indonesia, 8(2), 249-267. https://doi.org/10.52103/jtk.v8i2.610

Book

Arikunto. (2006). Prosedur Penelitian Suatu Pendekatan Praktek. PT. Rineka Cipta.

Undergraduate Thesis

Tandelilin, E. (2010). Analisis Investasi dan Manajemen Portofolio. BPFE UGM.