The Role of Leverage, Company Size and Retention Ratio on Banking Companies Value in Indonesia

Anggi Permata Sari; Ana Kadarningsih

doi:10.61132/ijema.v1i2.69

Authors

Anggi Permata Sari UDINUS
Ana Kadarningsih UDINUS

DOI:

https://doi.org/10.61132/ijema.v1i2.69

Keywords:

Leverage, Company Size, Retention Ratio, Company Value, EViews 12

Abstract

This research aims to determine the effect of leverage, company size and retention ratio on company value in banking companies listed on the Indonesian Stock Exchange during the 2020-2023 period. The population taken and used in this research is annual data from 45 companies for four (4) periods totaling 180 data. This research uses the Eviews 12 analysis tool. Applying the Multiple Regression Analysis research method with the data type in the form of panel data with a Fixed Effect Model. The results of this company value research show that leverage and company size have a significant effect on company value, while the retention ratio has an insignificant effect on company value.

Downloads

Download data is not yet available.

References

Akmalia, A., Dio, K., & Hesty, N. (2017). The Influence of Financial Performance on Company Value with Corporate Social Responsibility and Good Corporate Governance as Moderating Variables (Empirical Study of Manufacturing Companies on the Indonesian Stock Exchange for the 2010-2015 period). Journal of Business Management, 8(2), 200-221.

Ali, A., Sharif, I., & Jan, F. A. (2017). Effect of Dividend Policy on Stock Prices. Journal of Management Info, 4(1). DOI: 10.31580/jmi.v6i1.47

Angelina, M., & Nursasi, E. (2021). The Influence Of Implementing Green Accounting And Environmental Performance On Company Financial Performance. Dirgantara Management Journal, 14(2), 211-224.

Apriantini, N. M., Widhiastuti, N. L. P., & Novitasari, N. L. G. (2022). The Influence of Profitability, Leverage, Liquidity, Managerial Ownership and Company Size on Company Value. Collection of Accounting Student Research Results (Kharisma), 4(2), 190-201.

Dandung, M. E., Amtiran, P. Y., & Ratu, M. (2020). Comparative Analysis of Financial Performance of Conventional Banking and Sharia Banking. Journal of Management: Small and Medium Enterprises (SMEs), 11(1), 65-82.

Dj, A. M., Artini, L. G. S., & Suarjaya, A. G. (2012). The influence of financial performance on company value in manufacturing companies on the Indonesian Stock Exchange. Journal of Management, business strategy, and entrepreneurship, 6(2), 130-138.

Fibriyanti, Y. V. (2018). Financial Ratio Analysis of the Financial Performance of Real Estate and Property Companies Listed on the Indonesian Stock Exchange. Journal of Economic and Accounting Research (JPENSI), 3(3), 887-897.

Fitrianingrum, A. A. (2018). The Influence of Leverage, Company Size, Dividend Policy and Profitability on Company Value (Empirical Study of Manufacturing Companies listed on the Indonesian Stock Exchange in 2014-2016) [Doctoral dissertation, Muhammadiyah University of Surakarta].

Ginting, R. A. (2020). The Influence of Leverage, Company Size and Dividend Policy on Company Value in the Mining Sector Listed on the IDX in 2015-2016. EQUILIBRIUM-Journal of Business and Accounting, 14(2).

Hidayat, M. (2021). Comparative analysis of financial performance and company value before and during the Covid 19 pandemic. Measurement Accounting Journal, 15(1), 9-17.

Hidayat, T., Triwibowo, E., & Marpaung, N. V. (2021). The influence of good corporate governance and financial performance on company value. Pelita Bangsa Business Accounting Journal, 6(01), 1-18.

Kurniawan, D., & Samhaji, S. (2020). The Influence of Leverage, Liquidity and Company Size on the Financial Performance of Banking Issuers Listed on the Indonesian Stock Exchange. Oikonomia: Journal of Management, 16(2).

Marisya, F. (2021). Analysis of Banking Financial Performance in Indonesia and Malaysia. Integrity Professional Management Journal (IJMPRO), 2(1), 155-176.

Purwanti, D. (2021). Determination of Company Financial Performance: Analysis of Liquidity, Leverage and Company Size (Literature Review of Financial Management). Journal of Applied Management Science, 2(5), 692-698.

Reysa, R., Fitroh, U., Wibowo, C. R., & Rustanti, D. (2022). Determination of Dividend Policy and Company Performance: Managerial Ownership and Financial Performance (Literature Review of Financial Management). Journal of Educational Management and Social Sciences, 3(1), 364-374.

Safira, I. F., & Dillak, V. J. (2021). The Influence of Eva, Retention Ratio, and Proportion of Independent Commissioners on Share Prices. MEA Scientific Journal (Management, Economics and Accounting), 5(1).

Sakia, Balqis, & Sugiyono. (2019). The Influence of Dividend Policy, Company Value and Profitability on LQ45 Company Share Prices. Journal of Management Science and Research, 8(4), 8.

Setiawati, L. P. E., Mariati, N. P. A. M., & Dewi, K. I. K. (2023). The Influence of Financial Performance and Size on Company Value. REMIK: Research and E-Journal of Computer Information Management, 7(1), 222-228.

Simanjuntak, T. F., Siahaan, Y., Inrawan, A., & Supitriyani, S. (2019). The Influence of Leverage and Profitability on Company Value with Dividend Policy as a Moderating Variable in Property and Real Estate Sub-Sector Companies Listed on the Indonesian Stock Exchange. Financial: Accounting Journal, 5(1), 49-57.

Uffiah, D., & Kadarningsih, A. (2021). Debt policy, company size, investment decisions on the value of companies listed on the IDX. Journal of Accounting, Economics, and Business Management, 1(1), 33–39. DOI: 10.55606/jaem.v1i1.137

Verbeek, M. (2000). A Guide to Modern Econometrics. Baffins Lane-Chichester: John Wiley & Sons, Ltd.

Wibisono, D. (2005). Research Method & Data Analysis. Jakarta: Salemba Medika.