This is an outdated version published on 2024-11-21. Read the most recent version.

Determinants of Company Value in Non-Cyclical Consumer Sector Companies

Authors

Lia Fatmasari Universitas Muhammadiyah Semarang
Nurcahyono Nurcahyono Universitas Muhammadiyah Semarang

Keywords:

Company Value, CSR Disclosure, Intellectual Capital, Capital Structure, Company Size, Profitability

Abstract

Company value is sales generated by evaluating a company's capabilities and reflecting public trust in the company. The company's value can be influenced by CSR disclosures, intellectual capital, capital structure, company size, and profitability on the company's value in non-cyclical consumer sector companies listed on the IDX in 2021-2023. The research sample was determined using the purposive sampling technique so that 14 non-cyclical consumer companies that met the criteria were obtained as samples and 42 data were obtained. The data used is secondary data obtained through documentation. The analysis used in this study is multiple linear regression analysis using the SPSS version 26 calculation tool. Based on the results of this study, it is shown that CSR disclosure, intellectual capital, capital structure and company size have no effect on company value, while profitability has a positive effect on company value.

References

Adelina, F., & Indra Arza, F. (2021). Pengaruh Intelllectual Capital dan Corporate Social Responsibility terhadap Nilai Perusahaan Pertambangan yang Terdaftar di BEI Tahun 2018-2020. In Jurnal Eksplorasi Akuntansi (Vol. 3). Online. http://jea.ppj.unp.ac.id/index.php/jea/index

Afifah Nur, Astuti Sri Wibawani Wahyuning, & Irawan Dwi. (2021). Pengaruh Corporate Social Responnsibility (CSR) dan Reputasi Perusahaan Terhadap Nilai Perusahaan. EKUITAS (Jurnal Ekonomi Dan Keuangan), 5(3). https://doi.org/10.24034/j25485024.y2021.v5.i3.4644

Agustin, R., Nurcahyono, N., Sinarasri, A., & Sukesti, F. (2023). Financial Ratio and Stock Returns in Indonesia Equity Markets : A Signaling Theory Approach. International Conference on Business, Accounting, Banking, and Economics, 277–292. https://doi.org/10.2991/978-94-6463-154-8

Alfitri, D. N., Nugroho, W. S., & Nurcahyono, N. (2022). The Effect of Environment Performance, Capital Structure, and Company Size on Financial Performance. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 12(2), 175. https://doi.org/10.26714/mki.12.2.2022.175-184

Ambarwati, D., & Nurcahyono, N. (2022). The Influence of Capital Structure, Information Technology, and Business Characteristics on SMEs’ Performance During the COVID-19 Outbreak. Islamic Banking, Accounting and Finance International Conference, 2022, 218–226.

Amiah, N. (2022). Profitabilitas, Intensitas Modal Dan Penghindaran Pajak : Ukuran Perusahaan Sebagai Variabel Pemoderasi. Jurnal Literasi Akuntansi.

Anwar, M. W., Suharto, B., Zulaikah, Z., & Setiawan, A. E. (2023). Pengaruh Cash Holdings dan Intelectual Capital Terhadap Nilai Perusahaan Dalam Perspektif Ekonomi Islam. Jurnal Ilmiah Ekonomi Islam, 9(2), 3110. https://doi.org/10.29040/jiei.v9i2.9682

Arianti, B. F., & Yatiningrum Riya. (2022). Pengaruh Struktur Modal, Pertumbuhan Penjualan Dan Keputusan Investasi Terhadap Nilai Perusahaan. Gorontalo Accounting Journal, 5(1), 1. https://doi.org/10.32662/gaj.v5i1.1845

Benne Kheisy Kharenia. (2020). Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Pemoderasi Pada Perusahaan Pertambangan yang Terdaftar di BEI. In Moningka Klabat Accounting Review | (Vol. 1, Issue 1).

Cahyanti Yohana, & Zubaidi Umar Issa. (2022). Pengaruh Kepemilikan Manajerial, Rasio Keuangan dan Pengungkapan CSR Terhadap Nilai Perusahaan. E-Jurnal Akuntansi, 2(2), 721–732.

Cynthia Hanna, & Susanti Merry. (2024). Faktor-faktor yang Memengaruhi Nilai Perusahaan Pada Perusahaan Manufaktur Tahun 2017-2019. Jurnal Multiparadigma Akuntansi, VI(2), 776–786.

Christanty, L., Maharani, B., Nugroho, W. S., & Nurcahyono, N. (2023). Accounting Information Systems and Financial Literacy impact on SMEs ’ Performance. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 13(1), 59–69.

Dewayani Pranadita, & Febyansyah Andar. (2022). Pengaruh Profitabilitas, Struktur Modal, dan Pertumbuhan Perusahaan Terhadap Nilai Perusahaan. http://journal.jacfaa.id/index.php

Ermawati, D., Nurcahyono, N., Sari, D. N., & Fakhruddin, I. (2023). The Dynamic Impact of Intellectual Capital on Firm Value : Evidence from Indonesia. International Conference on Business, Accounting, Banking, and Economics, 1, 246–262. https://doi.org/10.2991/978-94-6463-154-8

Evia, Z., Santoso, R. E. Wi., & Nurcahyono, N. (2022). Pengalaman Kerja, Independensi, Integritas, Kompetensi dan Pengaruhnya terhadap Kualitas Audit. Jurnal Akuntansi Dan Governance, 2(2), 141. https://doi.org/10.24853/jago.2.2.141-149

Fana Anak Agung Ayu Astari Fana, & Prena Gine Das. (2022). Pengaruh Corporate Social Responsibility, Good Governance, dan Kepemilikan Manajerial terhadap Nilai Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Periode 2018-2020. Jurnal Ilmiah Akuntansi Dan Bisnis, 6(2).

Fitri Erlyana Putri Nur, & Haryati Tantina. (2022). Pengaruh Profitabilitas, Ukuran Perusahaan, Leverage, dan Pengungkapan CSR terhadap Nilai Perusahaan. Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah, 4(6), 1926–1941. https://doi.org/10.47467/alkharaj.v4i6.1433

Fitriyani, F., Dharma, F., & Susilowati, R. Y. N. (2022). Pengaruh Corporate Governance dan Intellectual Capital Terhadap Nilai Perusahaan. E-Journal Field of Economics, Business and Entrepreneurship, 1(4), 400–409. https://doi.org/10.23960/efebe.v1i4.52

Fizabaniyah, R., Nurcahyono, N., Argojuwono, A. D. A., & Hernawati, R. I. (2023). Financial Ratio , Board Diversity and Financial Distress : Evidence from Indonesia. International Conference on Business, Accounting, Banking, and Economics, 1, 307–320. https://doi.org/10.2991/978-94-6463-154-8

Fitriana, L., Sinarasri, A., & Nurcahyono, N. (2024). Factors Affecting Financial Statement Fraud in Banking Sector: A Agency Perspective. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 14(1), 102. https://doi.org/10.26714/mki.14.1.2024.102-113

Gusriandari, W., Rahmi, M., & Putra, Y. E. (2022). Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2017-2020. JURNAL PUNDI, 6(1). https://doi.org/10.31575/jp.v6i1.406

Handayani, J. R., Nurcahyono, N., Saadah, N., & Winarsih. (2023). Hexagon Fraud : Detection of Fraudulent Financial Statement in Indonesia. International Conference on Business, Accounting, Banking, and Economics, 1, 263–276. https://doi.org/10.2991/978-94-6463-154-8

Hastuti, I. N., Ery Wibowo, R., & Nurcahyono, N. (2024). The Effect of Capital Adequacy Ratio, Non-Performing Loan and Debt Equity Ratio on Financial Performance. Economics and Business International Conference, 1(1), 13–24. www.idx.co.id

Ifada, L. M., Ghoniyah, N., & Nurcahyono, N. (2023). How Do Tax Avoidance and Profitability Influence a Firm’S Intrinsic Value? Jurnal Akuntansi Multiparadigma, 14(1), 115–125. https://doi.org/10.21776/ub.jamal.2023.14.1.08

Irawati, D. M., Hermuningsih, S., & Maulida, A. (2021). Analisis Pengaruh Struktur Modal, Ukuran Perusahaan, dan Pertumbuhan Perusahaan terhadap Nilai Perusahaan. Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah, 4(3), 813–827. https://doi.org/10.47467/alkharaj.v4i3.741

Isnaeni Wina Ayu, & Santoso Suryo Budi. (2021). Pengaruh Profitabilitas, Pertumbuhan Perusahaan, Ukuran Perusahaan dan Dtruktur Modal Terhadap Nilai Perusahaan. Review Of Applied Accounting Research, 1(1).

Kristianingrum, A., Sukesti, F., & Nurcahyono, N. (2022). Pengaruh Mekanisme Good Corporate Governance, Kinerja Keuangan, dan Struktur Modal terhadap Pengungkapan Sustainability Report. Prosiding Seminar Nasional UNIMUS, 5, 432–444.

Lutfita, A., & Takarini, N. (2021). Pengaruh Profitabilitas, Ukuran Perusahaan dan Struktur Modal Terhadap Nilai Perusahaan. Jurnal Ilmiah Manajemen, 9(3), 319–329. http://www.ejournal.pelitaindonesia.ac.id/ojs32/index.php/PROCURATIO/index

Murdiono, J., Panatap Soehaditama, J., Kurniawan, M. Y., Maghfuriyah, A., & Nurdiansah, R. (2023). Meningkatkan Nilai Perusahaan Dengan Mengembangkan Profitabilitas dan Struktur Modal. Jurnal Greenation Ilmu Akuntansi, 1(3). https://doi.org/10.38035/jgia.v1i3

Nurcahyono, N., Hariadi, B., & Mardiati, E. (2019). The Effect of Work Loads on Employee Performance With Job Satisfaction As A Mediation Variable. Journal of Business Management and Economic Research, 3(8), 40–49. https://doi.org/10.29226/tr1001.2019.147

Nurcahyono, N., Sinarasri, A., Pamungkas, I. D., & Hanum, A. N. (2023). May intellectual capital and corporate governance reduce the probability of financial distress? Contaduria y Administracion, 70(1), 97–121. https://doi.org/10.22201/fca.24488410e.2025.5169

Nurcahyono, N., Wibowo, R. E., & Kristiana, I. (2020). Impact Of Competence, Job Design, Job Satisfaction on Employee Directorate General of Taxes Performance. Relevance: Journal of Management and Business, 3(2), 136–145. https://doi.org/10.22515/relevance.v3i2.2955

Putu, N., Suhandi, M., & Artikel, I. (2021). Pengaruh Kepemilikan Institusional, Struktur Modal dan Pertumbuhan Perusahaan Terhadap Nilai Perusahaan: Bukti Dari Indonesia. In International Journal of Digital Entrepreneurship and Business (IDEB) (Vol. 2, Issue 2). https://ejournal.jic.ac.id/ideb/

Riadi Riviera, & Surjadi Lukman. (2021). Pengaruh Struktur Modal, Modal Intelektual dan Profitabilitas Terhadap Nilai Perusahaan. Roqijah, I., Nugroho, W. S., & Nurcahyono, N. (2022). The Effect of Profitability, Operating cash flow, Economic Value Added and Firm Size on Stock Return. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 12(2), 164. https://doi.org/10.26714/mki.12.2.2022.164-174

Saputri Eka Ariani, Pradana Ayub Wijayanti Sapta, & Yuliana Indah. (2022). Pengaruh Struktur Modal dan Profitabilitas Terhadap Nilai Perusahaan dengan Finansial Distress Sebagai Moderasi. Jurnal Ilmiah MEA , 6(1), 596.

Sinarasri, A., & Chariri, A. (2023). Business intelligence, management control systems and startup performance: Empirical study from Indonesia. International Journal of Applied Economics, Finance and Accounting, 16(2), 234-247.

Suardana Ketut, Endiana Dewa Made, & Arizona Putu Edy. (202 C.E.). Pengaruh Profitabilitas, Kebijakan Utang, Kebijakan Deviden, Keputusan Investasi, dan Ukuran Perusahaan Terhadap Nilai Perusahaan. Jurnal Kharisma, 2(2).

Sulbahri Rifani Akbar. (2021). Pengaruh Corporate Social Responsibility Terhadap Nilai Perusahaan. Akuntansi Dan Manajemen, 16(2), 215–226. https://akuntansi.pnp.ac.id/jam

Supriyono, E., & Effendi, R. O. (2023). Pengaruh Good Corporate Governance Dan Pengungkapan Corporate Social Responsibility Terhadap Nilai Perusahaan. Jurnal Akuntansi Inovatif, 1(2), 1–8. https://doi.org/10.59330/jai.v1i2.10

Suzan Leny, & Devi Bella Rifci Permata. (2021). Pengaruh Ukuran Perusahaan dan Intellectual Capital Terhadap Nilai Perusahaan. Jurnal Ilmiah MEA, 5(3), 1582.

Videsia, Y., Wibowo, R. E., & Nurcahyono, N. (2022). Pengaruh Profitabilitas Dan Ukuran Perusahaan Terhadap Ketepatan Waktu Pelaporan Keuangan. Review of Applied Accounting Research, 9(2), 219–228. https://doi.org/10.32534/jpk.v9i2.2407

Wijaya, E. M., Wibawani, S., & Amalia, F. A. (2022). Pengaruh Corporate Social Responsibility dan Good Corporate Governance Terhadap Nilai Perusahaan (Studi Empiris Pada Perusahaan Yang Terdaftar di BEI Tahun 2016-2018). Ratio : Reviu Akuntansi Kontemporer Indonesia, 3(1), 65. https://doi.org/10.30595/ratio.v3i1.13159

Yuliandhari Willy Sri, & Nurramadhani Rishma Nadya. (2024). Penentu Nilai Perusahaan Pada Sektor Energi.

Downloads

Published

2024-07-27 — Updated on 2024-11-21

Versions

How to Cite

Fatmasari, L. ., & Nurcahyono, N. (2024). Determinants of Company Value in Non-Cyclical Consumer Sector Companies. Economics and Business International Conference Proceeding, 1(2), 273–285. Retrieved from http://429005.jxltd.asia/index.php/EBiC/article/view/442 (Original work published July 27, 2024)