ASSET GROWTH, SALES GROWTH, PROFITABILITY, AND FIRM VALUE: Evidence from Indonesia
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Date
2019
Journal Title
Journal ISSN
Volume Title
Publisher
Journal of Advanced Research in Dynamical & Control Systems, Vol. 11, 03-Special Issue
Abstract
The impact of the global economic crisis has resulted in weakening economic growth in Indonesia. The economic crisis in 2014 was marked by the value of the rupiah which continued to weaken against the US dollar, continued weakening economic growth and declining purchasing power. So that it affects the performance of various industrial sectors in Indonesia, including the textile industry sector. This study aims to determine the effect of asset growth, sales growth and the probability of returning assets to the intrinsic value of the company. The population in this study is the textile industry sector listed on the Indonesia Stock Exchange in the period 2013-2017. The research sample used was 7 sample companies using the purposive sampling method. The results of this study indicate that only the Return on Asset (ROA) variable has a positive effect on firm value (FV).
Description
Keywords
Firm Value (FV), Asset Growth (AG), Sales Growth (SG), Return on Asset (ROA)