Determinant of Firm’s Value: Evidence of Manufacturing Sectors Listed In Indonesia Shariah Stock Index
Endri, Magister Manajemen, Universitas Mercu Buana, Jakarta, Indonesia.
Manuscript received on 07 August 2019. | Revised Manuscript received on 14 August 2019. | Manuscript published on 30 September 2019. | PP: 3995-3999 | Volume-8 Issue-3 September 2019 | Retrieval Number: C5258098319/2019©BEIESP | DOI: 10.35940/ijrte.C5258.098319
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The purpose of this research is to analyzes the effects of managerial ownership, audit committees, investment opportunities, profitability, and corporate social responsibility (CSR) on the value of manufacturing companies. Analysis of the factors affecting the value of manufacturing companies using the aplication of panel data regression model with the e-views 9 and Microsoft excel. This research uses data obtained from a manufacturing account of the manufacturing company registered in the Indonesia Sharia Stocks Index (ISSI) period of 2011-2017. Studies show that the most appropriate selection of models for the data panel’s regression is a fixed effect model with the result of research that managerial ownership, profitability, and CSR have no significant effect on the value of manufacturing companies, while the variable committee’s variables and investment opportunities have significant to the value of the company listed on ISSI period of 2011-2017.
Keyword: Managerial Ownership, Audit Committee, Investment Opportunities, Corporate Social Responsibility (CSR), Value Companies
Scope of the Article: Small Batch Manufacturing