Analysis of determinants of manufacturing company value
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Oct 30, 2023
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Abstract
In general, the company's goal is to maximize company value as reflected in the share price and increase the wealth of company owners by achieving targeted profits. This research aims to analyze the influence of dividend policy, investment decisions, liquidity, profitability, capital structure and company size on company value. The objects of this research are all manufacturing companies listed on the Indonesia Stock Exchange during the 2018-2021 period. This research uses secondary data obtained through documentation methods. The results of this research prove that investment decisions, profitability, capital structure and company size have a significant effect on company value. Meanwhile, dividend and liquidity policies have no influence on company value. The resulting coefficient of determination was 84.9%.
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How to Cite
Sulistyawati, A. I., Yulianti, Y., Rosyati, R., & Triyani, D. (2023). Analysis of determinants of manufacturing company value. Enrichment : Journal of Management, 13(4), 2631-2637. https://doi.org/10.35335/enrichment.v13i4.1641
References
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Rinaldi M, Kurniawan D, Z. E. (2016). Usulan Perbaikan Proses Produksi Pada Lean Manufacturing. Jurnal Online Institut Teknologi Nasional, 4(02), 171–182.
Rojak, R., Zuhri, S., & Sastradiharja, J. (2021). Pengaruh Media Sosial Dan Lingkungan Sosial Sekolah Terhadap Perilaku Religius Siswa. Wawasan: Jurnal Kediklatan Balai Diklat Keagamaan Jakarta, 2(1), 74–91. https://doi.org/10.53800/wawasan.v2i1.65
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Susyanto, H. (2019). PENGARUH KEPEMIMPINAN, KETERLIBATAN KARYAWAN DAN KEPUASAN KERJA TERHADAP KESIAPAN UNTUK BERUBAH DALAM MENGHADAPI PERUBAHAN ORGANISASI. Jurnal Ekonomi, Bisnis, Dan Akuntansi (JEBA, 21(1), 1–16. https://doi.org/10.32424/jeba.v21i1.1287
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Agut, T., Alarcon, A., Cabañas, F., Bartocci, M., Martinez-Biarge, M., Horsch, S., Agut, T., Alarcon, A., Arena, R., Bartocci, M., Bravo, M., Cabañas, F., Carreras, N., Claris, O., Dudink, J., Fumagalli, M., Govaert, P., Horsch, S., Parodi, A., … Valverde, E. (2020). Preterm white matter injury: ultrasound diagnosis and classification. Pediatric Research, 87, 37–49. https://doi.org/10.1038/s41390-020-0781-1
Alfiyah, S., Arsjah, R. J., & Trisakti, U. (2021). PENGUNGKAPAN TERKAIT SDGs DAN PROFITABILITAS SERTA ANALISIS INDUSTRI. 21(1), 75–90.
Aris, A., Naningsih, N., & Ratnah. (2021). Saponification Test Triasilgliserol pada ASabun Organik dengan Minyak Ramah Lingkungan dalam Upaya Inovasi Pasca Pandemi COVID 19. Jurnal ABDI , 3(1), 1–17.
Ashiq, K., Bajwa, M. A., Tanveer, S., Qayyum, M., Ashiq, S., Khokhar, R., & Abid, F. (2021). A comprehensive review on gout: The epidemiological trends, pathophysiology, clinical presentation, diagnosis and treatment. Journal of the Pakistan Medical Association, 71(4), 1234–1238. https://doi.org/10.47391/JPMA.313
Badurdeen, F., & Jawahir, I. S. (2017). Strategies for Value Creation Through Sustainable Manufacturing. Procedia Manufacturing, 8(October 2016), 20–27. https://doi.org/10.1016/j.promfg.2017.02.002
Baru, F., Pembangunan, D., & Industri, E. (2019). Kebijakan pengembangan ekologi industri dan industri kreatif fenomena baru dalam pembangunan ekonomi industri. July. https://doi.org/10.13140/RG.2.2.11651.35365
Bischof, J., Daske, H., Elfers, F., & Hail, L. (2015). A Tale of Two Regulators: Risk Disclosures, Liquidity, and Enforcement in the Banking Sector. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2580569
Chetioui, Y., & El Bouzidi, L. (2023). An investigation of the nexus between online impulsive buying and cognitive dissonance among Gen Z shoppers: Are female shoppers different? Young Consumers, 24(4), 406–426. https://doi.org/10.1108/YC-06-2022-1548
Ekonomi, F., Bisnis, D. A. N., & Wiraraja, U. (2018). Fakultas ekonomi dan bisnis universitas wiraraja - madura. 8(1), 10–26.
Goldstein, J. E., Bradley, C., Gross, A. L., Jackson, M., Bressler, N., & Massof, R. W. (2022). The NEI VFQ-25C: Calibrating Items in the National Eye Institute Visual Function Questionnaire-25 to Enable Comparison of Outcome Measures. Translational Vision Science and Technology, 11(5), 1–11. https://doi.org/10.1167/tvst.11.5.10
Hardianza, D. A. (2016). IMPLEMENTASI LEAN MANUFACTURING DENGAN METODE VALUE STREAM MAPPING PADA PT . X.
Hermawan, A. (2005). Penelitian Bisnis Paradigma Kuantitatif (Quantitative Paradigm Business Research) (A. Arif & Wibowo (eds.); 1st ed.). Grasindo.
Kim, Y.-J., Kwak, H.-K., & Chung, K.-S. (2009). A Distributed Architecture Based SMTP Server for Large Email Service. The KIPS Transactions:PartC, 16C(5), 597–604. https://doi.org/10.3745/kipstc.2009.16c.5.597
Kuo, Y. C., Wu, Y. M., & Liu, Y. X. (2022). Identifying Key Factors for Sustainable Manufacturing and Development. Review of Integrative Business and Economics Research, 11(1), 30–50.
Liu, J. X., Fang, C. Le, Zhang, K., Ma, R. F., Zhou, H. S., Chen, L., Wang, Q. L., Lu, Y. X., Wang, T. H., & Xiong, L. L. (2023). Transcranial Doppler Ultrasonography detection on cerebrovascular flow for evaluating neonatal hypoxic-ischemic encephalopathy modeling. Frontiers in Neuroscience, 17(May), 1–10. https://doi.org/10.3389/fnins.2023.962001
Miller, G., Pawloski, J., & Standridge, C. (2013). A case study of lean , sustainable manufacturing. 3(1), 11–32. https://doi.org/10.3926/jiem.2010.v3n1.p11-32
Novianti, V., & Ruslim, T. S. (2022). Pengaruh Product Quality, Monetary Promotion terhadap Brand Loyalty dengan Satisfaction dan Brand Image sebagai Mediasi. Jurnal Manajerial Dan Kewirausahaan, 4(2), 525. https://doi.org/10.24912/jmk.v4i2.18261
Nurbaiti, R., Alwy, S., & Taulabi, I. (2020). Pembentukan Karakter Religius Siswa Melalui Pembiasaan Aktivitas Keagamaan. EL Bidayah: Journal of Islamic Elementary Education, 2(1), 55–66. https://doi.org/10.33367/jiee.v2i1.995
PJOK, N. 40/pojk. 03/201. (2019). POJK No.40/POJK.03/2019 Tentang Penilaian Kualitas Aset Bank Umum. POJK No 40/POJK.03/2019, 53(9), 1689–1699. https://www.ojk.go.id/id/regulasi/Documents/Pages/Penilaian-Kualitas-Aset-Bank-Umum/pojk 40-2019.pdf
Putra, M. A., Teh, K. C., & Tan, J. (2020). Sustainability assessment of Indonesian cement manufacturing via integrated life cycle assessment and analytical hierarchy process method. x, 29352–29360.
Ridwan, I. R. (2016). Dampak Industri Terhadap Lingkungan Dan Sosial. Jurnal Geografi Gea, 7(2). https://doi.org/10.17509/gea.v7i2.1716
Rinaldi M, Kurniawan D, Z. E. (2016). Usulan Perbaikan Proses Produksi Pada Lean Manufacturing. Jurnal Online Institut Teknologi Nasional, 4(02), 171–182.
Rojak, R., Zuhri, S., & Sastradiharja, J. (2021). Pengaruh Media Sosial Dan Lingkungan Sosial Sekolah Terhadap Perilaku Religius Siswa. Wawasan: Jurnal Kediklatan Balai Diklat Keagamaan Jakarta, 2(1), 74–91. https://doi.org/10.53800/wawasan.v2i1.65
Sahrudin, M., Anarta, R., Octova, A., & Nazki, A. (2022). Optimalisasi Biaya Produksi Menggunakan Metode Liniear Programming Dalam Rangka Pengupasan Overburden di KUD Sinamar Sakato, Sinamar, Kabupaten Dharmasraya, Provinsi Sumatera Barat. Bina Tambang, 7(3), 113–127.
Sanny, L., Arina, A. N., Maulidya, R. T., & Pertiwi, R. P. (2020). Purchase intention on Indonesia male’s skin care by social media marketing effect towards brand image and brand trust. Management Science Letters, 10, 2139–2146. https://doi.org/10.5267/j.msl.2020.3.023
Susyanto, H. (2019). PENGARUH KEPEMIMPINAN, KETERLIBATAN KARYAWAN DAN KEPUASAN KERJA TERHADAP KESIAPAN UNTUK BERUBAH DALAM MENGHADAPI PERUBAHAN ORGANISASI. Jurnal Ekonomi, Bisnis, Dan Akuntansi (JEBA, 21(1), 1–16. https://doi.org/10.32424/jeba.v21i1.1287
Tiwari, P., Sadeghi, J. K., & Eseonu, C. (2020). A sustainable lean production framework with a case implementation: Practice-based view theory. Journal of Cleaner Production, 277, 123078. https://doi.org/10.1016/j.jclepro.2020.123078
Wibowo, A., Chen, S.-C., Wiangin, U., Ma, Y., & Ruangkanjanases, A. (2021). Customer Behavior as an Outcome of Social Media Marketing: The Role of Social Media Marketing Activity and Customer Experience. Sustainability, 13(1). https://doi.org/10.3390/su13010189
Wirtz, J., & Lovelock, C. (2021). Services Marketing: People, Technology, Strategy (Ninth Edition). World Scientific Publishing Company. https://books.google.co.id/books?id=T6pJEAAAQBAJ