INVESTMENT GROWTH AND THE RELATION BETWEEN EQUITY VALUE, EARNINGS, AND EQUITY BOOK VALUE (Evidence From Manufacturing Companies of Indonesia Stock Exchange)

Wahyu, Fajar (2013) INVESTMENT GROWTH AND THE RELATION BETWEEN EQUITY VALUE, EARNINGS, AND EQUITY BOOK VALUE (Evidence From Manufacturing Companies of Indonesia Stock Exchange). Other thesis, Universitas Sebelas Maret.

[img]
Preview
PDF - Published Version
Download (514Kb) | Preview

    Abstract

    The objective of this research is to examine the impact of investment growth towards the relationship between equity value, earnings, and equity book value in Indonesia. Furthermore, the researcher adds two variables on this relation: profitability and firm size. This research focus on manufacturing companies listed in Indonesia Stock Exchange for the period of 2008 until 2011. The research data collected from companies financial statement and the closing share price at the end offiscal year from Yahoo! Finance. with purposive sampling method, the researcher obtained 316 observations. From the regression analysis, the result shows several conclusions. First, on profitability region, it shows that the effect becomes bigger on the higher profitability region. These findings are consistent to Abbas, et al (2013). But, both on growth and firm size, the results reveal that a higher (smaller) firm has a stronger relationship between equity value, earnings, and equity book value. It shows that investment growth proxy used in this study might not good enough to explain the market share price of a firm. Same with growth variable, firm size variable also shows that a bigger firm does not have a stronger relationship between equity value, earnings, and equity book value. Keywords: Investments Growth, Equity Value, Earnings, Equity Book Value, Profitability, Firm Size.

    Item Type: Thesis (Other)
    Subjects: H Social Sciences > H Social Sciences (General)
    Divisions: Fakultas Ekonomi
    Fakultas Ekonomi > Ekonomi Pembangunan
    Depositing User: Muhammad Naufal Indriatmoko
    Date Deposited: 04 Oct 2015 23:27
    Last Modified: 04 Oct 2015 23:27
    URI: https://eprints.uns.ac.id/id/eprint/20588

    Actions (login required)

    View Item