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Determining Firm Value in the Indonesian Banking Sub Sector

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  • Medyawati, Henny
  • Yunanto, Muhamad

Abstract

This study aims to find the most appropriate model for analysing the effect of financial performance, dividend policy, interest rates and the rupiah exchange rate on firm value. The research sample includes the banking sub-sector companies listed on the IDX in 2013-2019. The research method used is purposive sampling to analyse the panel data. The variables used in this study are the company value as measured by Price to Book Value (PBV), financial performance is measured by Return on Assets (ROA), dividend policy is measured by Dividend Pay-out Ratio (DPR), interest rate is measured by BI interest rate, and the rupiah exchange rate is measured by the middle rate. The results show that ROA and exchange rate affect firm value. The appropriate model used in this study is the random effect model.

Suggested Citation

  • Medyawati, Henny & Yunanto, Muhamad, 2021. "Determining Firm Value in the Indonesian Banking Sub Sector," OSF Preprints qm62a, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:qm62a
    DOI: 10.31219/osf.io/qm62a
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    References listed on IDEAS

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    1. Hesti Setyorini Pamungkas & Abriyani Puspaningsih, 2013. "Pengaruh Keputusan Investasi, Keputusan Pendanaan, Kebijakan Dividen Dan Ukuran Perusahaan Terhadap Nilai Perusahaan," Jurnal Akuntansi dan Auditing Indonesia, Accounting Department, Faculty of Business and Economics, Universitas Islam Indonesia, vol. 17(2), pages 15-165, Desember.
    2. zulfikar, rizka, 2018. "Estimation Model And Selection Method Of Panel Data Regression : An Overview Of Common Effect, Fixed Effect, And Random Effect Model," INA-Rxiv 9qe2b, Center for Open Science.
    3. Hesti Setyorini Pamungkas & Abriyani Puspaningsih, 2013. "Pengaruh Keputusan Investasi, Keputusan Pendanaan, Kebijakan Dividen Dan Ukuran Perusahaan Terhadap Nilai Perusahaan," Jurnal Akuntansi dan Auditing Indonesia, Accounting Department, Faculty of Business and Economics, Universitas Islam Indonesia, vol. 17(2), pages 156-165.
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