EVIEWS ANALYSIS: MODEL OF INVESTMENT OPPORTUNITY SET (IOS) AND ITS IMPLICATION TO CORPORATE VALUE ON MANUFACTURING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE (IDX)

Indriaty, Lely and Thomas, Gen Norman and Hidayati, Nuzulul and Suryati, Laili (2020) EVIEWS ANALYSIS: MODEL OF INVESTMENT OPPORTUNITY SET (IOS) AND ITS IMPLICATION TO CORPORATE VALUE ON MANUFACTURING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE (IDX). Palarch’s Journal Of Archaeology Of Egypt/Egyptology, 18 (1). pp. 366-378. ISSN 1567-214X

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Abstract

The study aims to empirically prove Determinants of Investment Opportunity Set (IOS)) and its implication to Corporate Value (Tobin’s Q): An Empirical study to Manufacturing Companies Listed in Indonesia Stock Exchange” in 2010-2017, using panel data regression models. Based on the empirical results, three variables significantly affect Investment Opportunity Set (IOS) namely Leverage, CR and ROA, the most dominant influence is ROA with the positive direction. The result of testing simultaneously shows four variables influence Investment Opportunity Set (IOS) to the manufacturing companies listed on Indonesia Stock Exchange. Of the 50 companies as research samples, a company with the most sensitive average of change of IOS is PT Lionmesh Prima Tbk (LMSH) and the least sensitive is PT Astra International, Tbk (ASII). Its implication for Tobin’s Q indicates that ROA, CSR, IOS ratio have a positive influence, while LV and CR, negative influences but not significant. The result of simultaneous testing shows LV, CR, ROA, CSR, IOS affect Tobin’s Q. The ratio of ROA is the most dominant to affect Tobin’s Q with a positive direction. Of the 50 companies as research samples, a company with the most sensitive average of change of Tobin’s Q is PT Lionmesh Prima (LMSH) and the least sensitive is PT Kedaung Indah, Tbk (KICI).

Item Type:	Article
Subjects:	H Social Sciences > HB Economic Theory
Depositing User:	Laili Len Suryati
Date Deposited:	21 Jan 2021 10:12
Last Modified:	21 Jan 2021 10:12
URI:	http://repository.stie-yai.ac.id/id/eprint/268

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