Analisis Dampak Set Peluang Investasi Terhadap Nilai Perusahaan Manufaktur Di Bursa Efek Indonesia

Abstract

Abstract

This study aims to determine how the Impact of the Investment Opportunity Set on the Value of Manufacturing Companies on the Indonesia Stock Exchange. This study uses a quantitative approach method. Data was obtained through internet media by downloading through the website www.idx.co.id to find data on financial reports that have been published in the observation period, namely 2018-2021. The population in this study were 198 manufacturing companies and the sample was taken using purposive sampling technique so that the sample in this study was 25 companies. The analytical technique used is descriptive statistical analysis.

The results of this study indicate that the market to book value of assets ratio and capital expenditure to book value asset ratio which are a proxy for the set of investment opportunities simultaneously have a significant effect on the value of manufacturing companies on the Indonesia Stock Exchange for the 2018-2021 period. Meanwhile, in the Partial Test, the market to book value of asset ratio has a significant positive effect and capital expenditure to book value asset ratio has an insignificant negative effect on the price to book value ratio of manufacturing companies on the Indonesia Stock Exchange for the 2018-2021 period.

 

Keywords: Investment Opportunity Set, Market to Book Value of Asset Ratio, Capital Expenditure to Book Value Asset Ratio, Price to Book Value, Company Value.