The Influence of Company Size and Profitability on Company Value

Abstract

This study aims to test the factors that affect the value of companies proxid using PBV. There are two factors used, including the size of the company proxied using LN Total Assets and profitability proxied using ROA. The population used in this study is the entire financial statements of PT Japfa Comfeed Indonesia Tbk for the 2014-2023 period. This research method is to use quantitaive methods with adescriptive approach. The analysis tool used is SPSS software version 22. The analytical methods use are classical assumption tests, linear regression tests, correlation coefficient analysis, cofficient of determination analysis and hypothesis testing. The research results show that company size does not have a significant effect on company value at PT Japfa Comfeed Indonesia Tbk for the 2014-2023 period. This is indicated by a calculated t value of -1,320 > ttable 2,365 and a variable sig value of the company size of 0,223 > 0,05. Profitability to the value of the enterprise. This is indecated by a calculated t value 0f 1,984 < 2,365 and a sig value of 0,083 < 0,05 so the ROA variable has no effect on PBV. The F test shows that company size and profitability do not have ansignificant affect on company value at PT Japfa Comfeed Indonesia Tbk for the 2014-2023 period. This is evidenced by obtaining a calculated  F value of 3.510 < F of table 4.74 and a sig value of 0.088 > 0.05.