Financial Ratio Aspects and Audit Quality in Predicting Firm’s Value in Pharmaceutical Sub-Sector Firms
Journal Title: International Journal of Social Science And Human Research - Year 2023, Vol 6, Issue 10
Abstract
Investors in determining the company to invest their capital, the decision to invest can be influenced by the firm’s value because the firm’s value is an indicator of financial performance for the company. This study examines financial ratio aspects consisting of liquidity, solvency, profitability, and audit quality to predict of firm’s value in the Pharmaceutical sub-sector in the Indonesian Stock Exchange (IDX) for the period 2015-2021. This study takes a quantitative methods approach with one or more variables accor the quantify scale, i.e. ration. Data gathering techniques utilized are documentation stages of financial statements. The final sample consists of nine firms in the pharmaceutical sub-sector. The regression analysis method is utilized panel data with Chow and Hausman’s test approaches. The findings were that not one of the financial ratio aspects had a significant effect on the firm’s value. However, 52.38 percent of the pharmaceutical sub-sector companies sampled were audited from the PAF Big-4 category.
Authors and Affiliations
Bayu Pasupati, Luqman Hakim
Keywords
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- EP ID EP721404
- DOI 10.47191/ijsshr/v6-i10-01
- Views 75
- Downloads 0
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