Factors Affecting the Value of Telecommunication Industry Companies in the Indonesian Stock Exchange During the Pandemic
Keywords:
The value of the company, Profitability, Liquidity, leverageAbstract
The value of a company is a specific condition that has been achieved by a company as an indication of the public's confidence in the company after going through a series of activities over several years, from its establishment until the present time. This research aimed to determine whether factors such as profitability, liquidity, and leverage affected the company's value. The data used in this study were secondary data obtained from the financial reports of telecommunication companies listed on the Indonesian Stock Exchange during the pandemic. The research population consisted of 16 companies, with a sample of 5 companies. The quantitative method and data analysis technique involved Classic Assumption Test, Multiple Linear Regression Test, Significance Test (t-test), Simultaneity Test (F-test), and Determination Test (R2). Partially, return on assets (ROA) had a significant effect on the company's value (Tobins’Q), while current ratio (CR) and debt-to-equity ratio (DER) did not have a significant effect on the company's value (Tobins’Q). Simultaneously, return on assets (ROA), current ratio (CR), and debt-to-equity ratio (DER) had a significant effect on the company's value (Tobins’Q).
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