Analysis of Tobin's Q, Market to Book Value of Equity and Profitability (ROA), on Asset Growth in Property Companies on the Indonesia Stock Exchange (IDX)
| Autor: | Sari Bulan Tambunan |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2023 |
| Předmět: | |
| Zdroj: | Ilomata International Journal of Tax and Accounting, Vol 4, Iss 3, Pp 374-384 (2023) |
| Druh dokumentu: | article |
| ISSN: | 2714-9838 2714-9846 |
| DOI: | 10.52728/ijtc.v4i3.755 |
| Popis: | This study aims to determine, analyze, and test Tobin's q, market-to-book value of equity and profitability (ROA), on asset growth in property companies on the Indonesia Stock Exchange (IDX). This study uses a quantitative descriptive approach with the support of a panel regression model, which is used as a predictive analysis tool. The sampling technique used a non-probability random sampling approach with a purposive sampling method. The results of this study indicate that the independent variables (Tobin's q (TQ), MBV, and ROA) both simultaneously or together and partially or individually have no effect on the dependent variable (asset growth). The R square value, or the coefficient of determination (R2), is 0.54. This shows the ability of Tobin's q (TQ), MBV, and ROA to explain the growth of assets of property companies listed on the Indonesia Stock Exchange by 54%, or, in other words, the ability of Tobin's q (TQ), MBV, and ROA to have an effect of 54% on asset growth variables. Meanwhile, the remaining 46% is influenced by other variables not discussed in this study. |
| Databáze: | Directory of Open Access Journals |
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