Article Sidebar

Download
PDF
Statistic
Read Counter : 468 Download : 666

Main Article Content

Abstract

This study aims to determine, analyze, and test Tobin's q, market-to-book value of equity and profitability (ROA), on asset growth in property companies on the Indonesia Stock Exchange (IDX). This study uses a quantitative descriptive approach with the support of a panel regression model, which is used as a predictive analysis tool. The sampling technique used a non-probability random sampling approach with a purposive sampling method. The results of this study indicate that the independent variables (Tobin's q (TQ), MBV, and ROA) both simultaneously or together and partially or individually have no effect on the dependent variable (asset growth). The R square value, or the coefficient of determination (R2), is 0.54. This shows the ability of Tobin's q (TQ), MBV, and ROA to explain the growth of assets of property companies listed on the Indonesia Stock Exchange by 54%, or, in other words, the ability of Tobin's q (TQ), MBV, and ROA to have an effect of 54% on asset growth variables. Meanwhile, the remaining 46% is influenced by other variables not discussed in this study.

Keywords

Tobin’s Q Market to Book Value of Equity Profitabilitas (ROA) Asset Growth IDX

Article Details

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite
Tambunan, S. B. (2023). Analysis of Tobin’s Q, Market to Book Value of Equity and Profitability (ROA), on Asset Growth in Property Companies on the Indonesia Stock Exchange (IDX). Ilomata International Journal of Tax and Accounting, 4(3), 374-384. https://doi.org/10.52728/ijtc.v4i3.755

References

  1. Astuti, D. (2009). Management Corporate Finance. Ghalia Indonesia.
  2. Astuti, R. A. (2014). Influence Growth Assets , Profitability , and Growth Sale to Capital Structure in Real Estate and Property Companies Listed on the Indonesia Stock Exchange for the 2010-2012 Period. Student Online Journal Faculty of Economics, University of Riau, 1(2). https://jom.unri.ac.id/index.php/JOMFEKON/article/view/4667
  3. Brigham, E. F., & Houston, J. F. (2010). Basic Basics Management Finance. Salemba four.
  4. Buckley, R. (2018). Simultaneous Analysis of Qualitative and Quantitative Social Science Data in Conservation. Society and Natural Resources, 31(7), 865–870. https://doi.org/10.1080/08941920.2018.1446232
  5. Deborah, T. (2015). The Influence of Marketing Activity on Profitability and Market Value of Retail and Production Companies Besar. Business Accounting Review, 3(1), 362–373. https://media.neliti.com/media/publications/189849-ID-pengaruh-marketing-activity-
  6. Ezebilo, E. E. (2014). Maintenance of public amenity to improve access to nature area: Does distance and expected economic benefits matter? Journal of Environmental Studies and Sciences, 4(3), 240–249. https://doi.org/10.1007/s13412-014-0181-0
  7. Fadhilah, S. N. (2020). Pengaruh Financial Leverage, Struktur Modal, dan Total Asset Growth Terhadap Financial Distress. Prosiding Manajemen, 6(2), 865–871.
  8. Gerdsri, N., & Manotungvorapun, N. (2021). Readiness assessment for IDE startups: A pathway toward sustainable growth. Sustainability (Switzerland), 13(24). https://doi.org/10.3390/su132413687
  9. Gitman, L., & J. (2015). Principles of Managerial Finance. United States of America: Pearson Education. Cashmere. Rajawali Press.
  10. Hansen, V. (2014). The Effect of Family Control, Size, Sales Growth, and Leverage on Profitability and Corporate Value in the Trade , Services and Investment Sector. Business Accounting Review, 2(1), 121–130. https://media.neliti.com/media/publications
  11. Horne, V., C, J., & John Jr, M. W. (2012). Financial Management and Policy. United States of America: Prentice Hall.
  12. Horngren. (2019). Accounting. PT. Index Gramedia Group.
  13. Hurtado-Parrado, C., Pfaller-Sadovsky, N., Medina, L., Gayman, C. M., Rost, K. A., & Schofill, D. (2022). A Systematic Review and Quantitative Analysis of Interteaching. Journal of Behavioral Education, 31(1), 157–185. https://doi.org/10.1007/s10864-021-09452-3
  14. Keown. (2010). Management Fundamentals Finance. Edition Revision.
  15. Mabelane, K., Mongwe, W. T., Mbuvha, R., & Marwala, T. (2023). An Analysis of Local Government Financial Statement Audit Outcomes in a Developing Economy Using Machine Learning. Sustainability (Switzerland), 15(1). https://doi.org/10.3390/su15010012
  16. Mishchenko, S., Naumenkova, S., Mishchenko, V., & Dorofeiev, D. (2021). Innovation risk management in financial institutions. Investment Management and Financial Innovations, 18(1), 191–203. https://doi.org/10.21511/imfi.18(1).2021.16
  17. Naur, B. M., & Nafi, M. (2017). Analysis Influence Growth Assets , Company Size , Profitability and Risk Business To Capital Structure of Cosmetics and Necessities Sub Sector House stairs. Journal Accounting and Taxation, 3(1), 1–15. https://doi.org/10.26905/ap.v3i1.1327
  18. Nurohman, M., Kasim, M. Y., & Fattah, V. (2016). Influence Policy Dividend , Profitability dna Growth Company Assets to Company Value in the Industry Manufacturing on the Indonesia Stock Exchange. Journal Knowledge Tadulako University Management, 2(3), 281–292. https://doi.org/10.22487/jimut.v2i3.65
  19. Oliinyk, O., Bilan, Y., & Mishchuk, H. (2021). Knowledge Management and Economic Growth: The Assessment of Links and Determinants of Regulation. Central European Management Journal, 29(3), 20–39. https://doi.org/10.7206/cemj.2658-0845.52
  20. Penman, S. H. (2013). Financial Statement Analysis and Security Valuation. McGraw Hill.
  21. Prasetyo, R. Y., Darminto, N., & Firdausi, N. (2016). Influence Profitability to Company Growth ( Studies on Property and Real Estate Companies Listed on the Indonesia Stock Exchange 2011-2013 Period. Journal Administration Business (JAB, 30(January 1, 2016), 135–141. http://administrasibisnis.studentjournal.ub.ac.id/index.php/jab/article/view/1197
  22. Reeves, J. M., Warren, C. S., & Duchac, J. E. (2014). Introduction Accountancy Indonesian Adaptations , Book 2. Salemba four.
  23. Ritonga, I. T., & Suyanto, S. (2022). Impacts of the Covid-19 pandemic on the audit of local government financial statements: experience from Indonesia. Public Money and Management, 42(6), 452–459. https://doi.org/10.1080/09540962.2021.1964770
  24. Riyanto, B. (2012). Basics Expenditure (4th ed.). BPFE Yogyakarta.
  25. Russiadi. (2014). Method Research. Medan. UsuPress.
  26. Saputra, K. T. L., Sujana, E., & Darmawan, N. A. S. (2014). Analysis Growth Asset , Risk Business , and Affecting Profitability Capital Structure of Service Industry Companies Listed on the Indonesia Stock Exchange 2009-2013 Period ( Study Cases in the Restaurant, Hotel and Tourism Sector. E-Journal of S1 Ak Ganesha University of Education Major S1 Accounting, 2(1), 1–10. https://doi.org/10.23887/jimat.v2i1.4379
  27. Shuai, X. (2015). Do economic development efforts benefit all? Business attraction and income inequality. Review of Regional Studies, 45(1), 35–56. https://www.scopus.com/inward/record.uri?eid=2-s2.0-84942163440&partnerID=40&md5=6a6946c68c703fafd5c795a9d56aac9f
  28. Subramanyam, K. R., & Wild, J. J. (2010). Analysis Report Finance , Edition ten. Salemba four.
  29. Sudana, I. M. (2011). Management Corporate Finance Theory and Practice. Erlangga.
  30. Sudiyatno, B., & Puspitasari, E. (2010). Tobin’s q And Altman Z-Score As Indicator Company Performance Measurement (Tobin’s Q and Altman Z-Score as Indicators of Performance Measurement Company. Accounting Review, 9–21. https://www.unisbank.ac.id/ojs/index.php/fe4/article/view/223
  31. Widarjono, A. (2010). Analysis Statistics Multivariate applied. UPP STIM YKPN.