Pengaruh volatilitas arus kas terhadap nilai perusahaan di bursa efek Indonesia

Bartimeus, Daniel (2019) Pengaruh volatilitas arus kas terhadap nilai perusahaan di bursa efek Indonesia. Masters thesis, Universitas Pelita Harapan.

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Abstract

The purpose of this study is to know the effect of cash flow volatility on firm valuation in Indonesia Stock Exchange. Data are generated from 60 firms which represent eight sectors in Indonesia Stock. The data time range used is seven years from 2011-2017 which is analyzed quarterly. The data structure uses panel data and is analyzed by selecting the panel data Fixed Effect model and classic assumption test. The result of the study depicts that cash flow volatility has a positive impact on firm value meanwhile firm age has a negative impact on firm value and cash flow volatility. The suggestion for the next research is to be able to apply the projected cash flow volatility to determine the value of the company in the future. / Penelitian ini dilakukan untuk mengetahui pengaruh volatilitas arus kas terhadap nilai atau valuasi perusahaan yang terdaftar di Bursa Efek Indonesia. Data yang digunakan adalah 60 perusahaan yang mewakili delapan sektor yang ada di Bursa Efek Indonesia. Rentang waktu yang digunakan adalah selama 7 tahun sejak 2011-2017 yang dianalisis per kuartal. Struktur data menggunakan data panel dan dianalisis dengan memilih model Fixed Effect dan uji asumsi klasik. Hasil penelitian ini menyatakan bahwa hipotesis tentang pengaruh nilai volatilitas arus kas terhadap nilai perusahaan terbukti berpengaruh positif dan signifikan. Sedangkan umur perusahaan juga mempunyai pengaruh negatif terhadap nilai perusahaan dan volatilitas arus kas. Saran untuk penelitian berikutnya adalah agar dapat menerapkan proyeksi volatilitas arus kas untuk menentukan nilai perusahaan di masa depan.

Item Type: Thesis (Masters)
Creators:
CreatorsNIMEmail
Bartimeus, DanielNIM00000028893UNSPECIFIED
Contributors:
ContributionContributorsNIDN/NIDKEmail
Thesis advisorKim, Sung SukNIDN0324106805UNSPECIFIED
Additional Information: T 19-16 BAR p
Uncontrolled Keywords: cashflow volatiliy ; price per book value ; growth ; panel data
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: University Subject > Current > Faculty/School - UPH Karawaci > Business School > Master of Management
Current > Faculty/School - UPH Karawaci > Business School > Master of Management
Depositing User: Users 18 not found.
Date Deposited: 20 May 2021 02:34
Last Modified: 22 Jun 2022 04:47
URI: http://repository.uph.edu/id/eprint/28999

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