Effect of Company Performanceto Profitability and Value of Manufacturing Company Miningand Mining Service Sectorswho Going Publicin Indonesia

LCA. Robin Jonathan

Abstract


This study aims to determine and analyze the effect of the Company Performance on profitability and corporate value on the company's manufacturing sector mining and mining services that go public in Indonesia. Company performance is projected in the ratio of Efficiency, Liquidity and Leverage.The development of manufacturing companies that go-public today has reached 230 companies and from that amount taken a sample of 40 financial statements of companies manufacturing sector mining and mining services that go public in Indonesia period 2013-2015.By using path analysis with the help of SPSS program version 16.0, the result of research shows that: leverage variable has bigger and significant influence to company profitability that is equal to - 92,20%; The variable of profitability of the company has a bigger and insignificant effect on the company's value of 28.80%; The efficiency variables have a larger indirect effect on company value through company profitability that is 44%; Leverage variables have a greater total effect on the value of the company through the profitability of the company that is equal to -63.40%; Company Performance: Efficiency, Liquidity and Leverage simultaneously affect the profitability of the company by 11.80%; and Company Performance: Efficiency, Liquidity and Leverage along with the company's profitability simultaneously affect the company's value of 86.30%. Through Sobel test it can be seen that profitability has a positive and insignificant effect in mediating the efficiency of firm value and liquidity to firm value. Influence has a significant and negative effect on mediating between leverage and firm value.

 


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