THE EFFECT OF CASH RATIO AND RETURN ON ASSET ON FIRM VALUE OF CONSTRUCTION COMPANIES SUB SECTOR LISTED ON THE IDX FOR THE 2019-2022 PERIOD
Vol 4 No 1 (2023), Articles
Vol 4 No 1 (2023)

THE EFFECT OF CASH RATIO AND RETURN ON ASSET ON FIRM VALUE OF CONSTRUCTION COMPANIES SUB SECTOR LISTED ON THE IDX FOR THE 2019-2022 PERIOD

Articles
https://doi.org/10.21274/balance.v4i1.8151
Published August 19, 2023
Haikal Farrel Al-Kautsar
Universitas Singaperbangsa Karawang
Alif Mulya Ardhani
Universitas Singaperbangsa Karawang
Kholda Atiyatul Maula
Heikal Muhammad Zakaria Hakim
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Keywords

Cash Ratio, Return on Assets, Firm Value

How to Cite

Al-Kautsar, H., Ardhani, A., Maula, K., & Hakim, H. (2023). THE EFFECT OF CASH RATIO AND RETURN ON ASSET ON FIRM VALUE OF CONSTRUCTION COMPANIES SUB SECTOR LISTED ON THE IDX FOR THE 2019-2022 PERIOD. BALANCE: JOURNAL OF ISLAMIC ACCOUNTING, 4(1), 88-100. https://doi.org/10.21274/balance.v4i1.8151
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Abstract

The rise of default problems due to poor asset management has an impact on decreasing investor confidence, which affects the value of a company. “This observation aims to examine how the correlation between Cash Ratio and Return on Assets on Company Value is proxied by Price to Book Value, both partially and simultaneously in building construction sub-sector companies with a focus on research for the period 2019 to 2022. This observation makes use of Multiple linear regression as a research method uses SPSS 25 with reference to the classical assumption feasibility test as well as the T-test and F-test. The results of this study show that partially, the cash ratio has a negative but not significant effect on firm value, while return on assets has a positive and significant effect on firm value. Simultaneously, the cash ratio and return on assets together have a positive and significant influence on firm value with a determinant contribution (R Adjusted Square) of 20.5% in explaining the escalation of firm value variables.

https://doi.org/10.21274/balance.v4i1.8151
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