Effect of Return on Asset, Price Earning Ratio and Capital Structure on Firm Value at Company Hotel, Restaurant and Tourism Sub-sector ServicesListed on IDX

Stephanie, Yusuf Ronny Edward, Galumbang Hutagalung, Wilsa Road Betterment Sitepu

Abstract

This study aims to examine and analyze the effect of Return on Assets (ROA), Price Earning Ratio (PER) and Capital Structure on Firm Value in hotel, restaurant and tourism sub-sector service companies listed on the IDX for the 2016-2018 period. The research method used in this research is quantitative research methods. The type of research used in this research is quantitative associative research. The nature of the research used in this study is a causal relationship. The population in this study were 25 companies consisting of 3 years. The selection of research samples using purposive sampling technique, namely sampling with certain criteria so that the number of samples taken was 39 samples. The data analysis method used in this research is multiple linear regression analysis, the coefficient of determination, the F test and the t test. The results showed that Return On Asset (ROA), Price Earning Ratio (PER) and Capital Structure simultaneously had a significant positive effect on Firm Value with a determination coefficient of 78.4%. Return on Asset (ROA) has a negative and insignificant effect on Firm Value, Price Earning Ratio (PER) has a positive and insignificant effect on Firm Value and Capital Structure has a significant positive effect on Firm Value

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Paper Citation


in Harvard Style

Stephanie., Edward Y., Hutagalung G. and Betterment Sitepu W. (2020). Effect of Return on Asset, Price Earning Ratio and Capital Structure on Firm Value at Company Hotel, Restaurant and Tourism Sub-sector ServicesListed on IDX.In Proceedings of the International Conference on Culture Heritage, Education, Sustainable Tourism, and Innovation Technologies - Volume 1: CESIT, ISBN 978-989-758-501-2, pages 87-96. DOI: 10.5220/0010303800870096


in Bibtex Style

@conference{cesit20,
author={Stephanie and Yusuf Ronny Edward and Galumbang Hutagalung and Wilsa Road Betterment Sitepu},
title={Effect of Return on Asset, Price Earning Ratio and Capital Structure on Firm Value at Company Hotel, Restaurant and Tourism Sub-sector ServicesListed on IDX},
booktitle={Proceedings of the International Conference on Culture Heritage, Education, Sustainable Tourism, and Innovation Technologies - Volume 1: CESIT,},
year={2020},
pages={87-96},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010303800870096},
isbn={978-989-758-501-2},
}


in EndNote Style

TY - CONF

JO - Proceedings of the International Conference on Culture Heritage, Education, Sustainable Tourism, and Innovation Technologies - Volume 1: CESIT,
TI - Effect of Return on Asset, Price Earning Ratio and Capital Structure on Firm Value at Company Hotel, Restaurant and Tourism Sub-sector ServicesListed on IDX
SN - 978-989-758-501-2
AU - Stephanie.
AU - Edward Y.
AU - Hutagalung G.
AU - Betterment Sitepu W.
PY - 2020
SP - 87
EP - 96
DO - 10.5220/0010303800870096