The Effect of Assets and Liabilities Management on Companies Value in Banking Industry on Indonesian Stock Exchange
Keywords:
Asset and Liabilities Management, Company ValueAbstract
ABSTRACT. High or low corporate value is determined by asset and liability management. company value requires asset and liability management because both assets and liabilities are the source and use of funds to balance the left and right positions in the company's balance sheet. The purpose of this study is to determine the effect of asset and liability management on firm value in the banking industry. This study uses a quantitative approach with the type of data used secondary data. The independent variable in this study is asset management proxied by TATO and liabilities proxied by DER, while the dependent variable is firm value proxied by Tobin's Q. The research sample is banking companies listed on the Indonesia Stock Exchange for the 2020-202022 period. The samples used were 41 companies with a total of 46 samples. The results of this study indicate that TATO (X1), DER (X2) have an effect on firm value. TATO has a positive and significant effect on firm value. DER has a negative and insignificant effect on firm value.
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