Return on Assets as an Intervening Variable: Analysis of Factors Affecting Firm Value?

Ade Gunawan () and M. Firza Alpi ()
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Ade Gunawan: Universitas Muhammadiyah Sumatera Utara
M. Firza Alpi: Universitas Muhammadiyah Sumatera Utara

A chapter in Proceedings of the 2022 Brawijaya International Conference (BIC 2022), 2023, pp 173-185 from Springer

Abstract: Abstract The samples used in this study were all pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) for the 2016–2020 period using the purposive sampling method. There are 8 pharmaceutical companies selected as samples. The data analysis method used is Path Analysis, where Path Analysis is the development of multiple linear regression. Based on the results of data analysis, it was found that TATO had an insignificant negative effect on Firm Value, CR had a significant positive effect and a negative direction on Firm Value, ROA had an insignificant negative effect on Firm Value, TATO had an insignificant negative effect on ROA, CR had an insignificant negative effect on ROA.

Keywords: total asset turnover; current ratio; return on assets; firm value (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-140-1_18

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DOI: 10.2991/978-94-6463-140-1_18

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