How to cite this paper
Aryantini, S & Jumono, S. (2021). Profitability and value of firm: An evidence from manufacturing industry in Indonesia.Accounting, 7(4), 735-746.
Refrences
Ahmad, N., Salman, A., & Shamsi, A. F. (2015). Impact of Financial Leverage on Firms ’ Profitability : An Investigation from Cement Sector of Pakistan. Research Journal Of Finance And Accounting, 6(7), 75–81.
Alarussi, A. S., & Alhaderi, S. M. (2018). Factors affecting profitability in Malaysia. Journal of Economic Studies, 45(3), 442–458. https://doi.org/10.1108/JES-05-2017-0124
Barton, S. L., Hill, N. C., & Sundaram, S. (1989). An Empirical Test of Stakeholder Theory Predictions of Capital Structure. Financial Management “Wiley”, Financial Management Association International, 18(1), 36–44.
Brigham, E. F., & Houston, J. F. (2009). FUNDAMENTALS OF FINANCIAL MANAGEMENT Concise Sixth Edition. In J. W. Calhoun (Ed.), South-Western CENGAGE Learning (6th ed.). South-Western CENGAGE Learning.
Brigham, E. F., & Houston, J. F. (2019). Fundamentals of financial management. In A. von Rosenberg (Ed.), Fundamentals of financial management (12th ed.). South-Western CENGAGE Learning. https://doi.org/10.12737/textbook_5d3961a55db7f9.62246330
Bunea, O. I., Corbos, R. A., & Popescu, R. I. (2019). Influence of some financial indicators on return on equity ratio in the Romanian energy sector - A competitive approach using a DuPont-based analysis. Energy, 189, 116251. https://doi.org/10.1016/j.energy.2019.116251
Circiumaru, D., Siminica, M., & Marcu, N. (2010). a Study on the Return on Equity for the Romanian Industrial Companies. Annals of University of Craiova - Economic Sciences Series, 2(38).
Cowling, M. (2004). The growth - Profit nexus. Small Business Economics, 22(1), 1–9. https://doi.org/10.1023/B:SBEJ.0000011568.42714.c9
Ehrhardt, M. C., & Brigham, E. F. (2008). Financial Management : Theory and Practice. In Financial Management: Theory and Practice (13th ed.). South-Western CENGAGE Learning. https://doi.org/10.1002/9781119057093.app4
Gitman, L. J., & Zutter, C. J. (2015). Principles of Managerial Finance. In Donna Baltista (Ed.), Prentice Hall, PEARSON (13th ed.). Prentice Hall, PEARSON. https://doi.org/10.2307/2977800
Goddard, J., Tavakoli, M., & Wilson, J. O. S. (2005). Determinants of profitability in European manufacturing and services: Evidence from a dynamic panel model. Applied Financial Economics, 15(18), 1269–1282. https://doi.org/10.1080/09603100500387139
Irman, M., & Purwati, A. A. (2020). Analysis On The Influence Of Current Ratio, Debt to Equity Ratio and Total Asset Turnover Toward Return On Assets On The Otomotive and Component Company That Has Been Registered In Indonesia Stock Exchange Within 2011-2017. International Journal of Economics Development Research (IJEDR), 1(1), 36–44. https://doi.org/10.37385/ijedr.v1i1.26
Jang, S. C. (Shawn), & Park, K. (2011). Inter-relationship between firm growth and profitability. International Journal of Hospitality Management, 30(4), 1027–1035. https://doi.org/10.1016/j.ijhm.2011.03.009
Karimah, U. (2018). Analisis Pengaruh Current Ratio, Debt To Equity Ratio, Total Assets Turnover, Net Profit Margin Terhadap Return on Equity Pada Perusahaan Manufaktur Di Bursa Efek Indonesia Periode 2008-2010. Manajerial, 1(1), 14. https://doi.org/10.30587/manajerial.v1i1.424
Kijewska, A. (2016). Determinants of the return on equity ratio (ROE) on the example of companies from metallurgy and mining sector in Poland. Metalurgija, 55(2), 285–288.
KNIC. (2019). Perkembangan Industri Manufaktur Indonesia. KARAWANG New Industry City.
Lestari, S. A., & Armayah, M. (2016). Profitability and Company Value: Empirical Study of Manufacture Companies in Indonesia Period 2009 - 2014. Information Management and Business Review, 8(3), 6–10. https://doi.org/10.1017/CBO9781107415324.004
Mursalim, Hendragunawan, Alamzah, N., & Sanusi, A. (2015). Financial Decision, Innovation, Profitability and Company Value: Study on Manufacturing Company Listed in Indonesian Stock Exchange. Information Management and Business Review, 7(2), 72–78. https://doi.org/10.22610/imbr.v7i2.1141
Myers, S. C. (2001). Capital Structure. Journal of Economic Perspectives, 15(2), 81–102. https://doi.org/10.1017/9781316105795.005
Pervan, M., Pervan, I., & Ćurak, M. (2019). Determinants of firm profitability in the Croatian manufacturing industry: evidence from dynamic panel analysis. Economic Research-Ekonomska Istrazivanja, 32(1), 968–981. https://doi.org/10.1080/1331677X.2019.1583587
Raza, A. (2017). Determinants of Return on Equity: Evidence from the Cement Industry of Pakistan. KASBIT Business Journal, 10(Special Issue), 106–119.
Singapurwoko, A., & El-Wahid, M. S. M. (2011). The impact of financial leverage to profitability study of non-financial companies listed in Indonesia stock exchange. European Journal of Economics, Finance and Administrative Sciences, 32, 136–148.
Sivathaasan, N., Tharanika, R., Sinthuja, M., & Hanitha, V. (2013). Factors Determining Profitability : A Study of Selected Manufacturing Companies Listed on Colombo Stock Exchange in Sri Lanka. European Journal of Business and Management, 5(27), 99–108.
Sucuahi, W., & Cambarihan, J. M. (2016). Influence of Profitability to the Firm Value of Diversified Companies in the Philippines. Accounting and Finance Research, 5(2). https://doi.org/10.5430/afr.v5n2p149
Suwardi, A. (2011). MODUL STATA : Tahapan Dan Perintah (Syntax) Vector Autoregressivee (VAR) (2011). Scribd Website.
Van Horne, J. C., & Wachowicz Jr., J. M. (2008). Financial management. In Workplace Strategies and Facilities Management. https://doi.org/10.4324/9780080521299
Warrad, L. H., & Nassar, M. (2017). Could Profitability, Activity and Use of Equity Finance Increasing DuPont Model of Return on Equity? Jordanian Case. International Review of Management and Marketing, 7(3), 35–41.
Weidman, S. M., McFarland, D. J., Meric, G., & Meric, I. (2019). Determinants of return-on-equity in USA, German and Japanese manufacturing firms. Managerial Finance, 45(3), 445–451. https://doi.org/10.1108/MF-07-2018-0305
Winarto, J. (2015). The Determinants of Manufacturer Firm Value in Indonesia Stock Exchange. International Journal of Information, Business and Management, 7(4), 323–349. https://doi.org/10.1016/j.ijinfomgt.2010.11.002
Alarussi, A. S., & Alhaderi, S. M. (2018). Factors affecting profitability in Malaysia. Journal of Economic Studies, 45(3), 442–458. https://doi.org/10.1108/JES-05-2017-0124
Barton, S. L., Hill, N. C., & Sundaram, S. (1989). An Empirical Test of Stakeholder Theory Predictions of Capital Structure. Financial Management “Wiley”, Financial Management Association International, 18(1), 36–44.
Brigham, E. F., & Houston, J. F. (2009). FUNDAMENTALS OF FINANCIAL MANAGEMENT Concise Sixth Edition. In J. W. Calhoun (Ed.), South-Western CENGAGE Learning (6th ed.). South-Western CENGAGE Learning.
Brigham, E. F., & Houston, J. F. (2019). Fundamentals of financial management. In A. von Rosenberg (Ed.), Fundamentals of financial management (12th ed.). South-Western CENGAGE Learning. https://doi.org/10.12737/textbook_5d3961a55db7f9.62246330
Bunea, O. I., Corbos, R. A., & Popescu, R. I. (2019). Influence of some financial indicators on return on equity ratio in the Romanian energy sector - A competitive approach using a DuPont-based analysis. Energy, 189, 116251. https://doi.org/10.1016/j.energy.2019.116251
Circiumaru, D., Siminica, M., & Marcu, N. (2010). a Study on the Return on Equity for the Romanian Industrial Companies. Annals of University of Craiova - Economic Sciences Series, 2(38).
Cowling, M. (2004). The growth - Profit nexus. Small Business Economics, 22(1), 1–9. https://doi.org/10.1023/B:SBEJ.0000011568.42714.c9
Ehrhardt, M. C., & Brigham, E. F. (2008). Financial Management : Theory and Practice. In Financial Management: Theory and Practice (13th ed.). South-Western CENGAGE Learning. https://doi.org/10.1002/9781119057093.app4
Gitman, L. J., & Zutter, C. J. (2015). Principles of Managerial Finance. In Donna Baltista (Ed.), Prentice Hall, PEARSON (13th ed.). Prentice Hall, PEARSON. https://doi.org/10.2307/2977800
Goddard, J., Tavakoli, M., & Wilson, J. O. S. (2005). Determinants of profitability in European manufacturing and services: Evidence from a dynamic panel model. Applied Financial Economics, 15(18), 1269–1282. https://doi.org/10.1080/09603100500387139
Irman, M., & Purwati, A. A. (2020). Analysis On The Influence Of Current Ratio, Debt to Equity Ratio and Total Asset Turnover Toward Return On Assets On The Otomotive and Component Company That Has Been Registered In Indonesia Stock Exchange Within 2011-2017. International Journal of Economics Development Research (IJEDR), 1(1), 36–44. https://doi.org/10.37385/ijedr.v1i1.26
Jang, S. C. (Shawn), & Park, K. (2011). Inter-relationship between firm growth and profitability. International Journal of Hospitality Management, 30(4), 1027–1035. https://doi.org/10.1016/j.ijhm.2011.03.009
Karimah, U. (2018). Analisis Pengaruh Current Ratio, Debt To Equity Ratio, Total Assets Turnover, Net Profit Margin Terhadap Return on Equity Pada Perusahaan Manufaktur Di Bursa Efek Indonesia Periode 2008-2010. Manajerial, 1(1), 14. https://doi.org/10.30587/manajerial.v1i1.424
Kijewska, A. (2016). Determinants of the return on equity ratio (ROE) on the example of companies from metallurgy and mining sector in Poland. Metalurgija, 55(2), 285–288.
KNIC. (2019). Perkembangan Industri Manufaktur Indonesia. KARAWANG New Industry City.
Lestari, S. A., & Armayah, M. (2016). Profitability and Company Value: Empirical Study of Manufacture Companies in Indonesia Period 2009 - 2014. Information Management and Business Review, 8(3), 6–10. https://doi.org/10.1017/CBO9781107415324.004
Mursalim, Hendragunawan, Alamzah, N., & Sanusi, A. (2015). Financial Decision, Innovation, Profitability and Company Value: Study on Manufacturing Company Listed in Indonesian Stock Exchange. Information Management and Business Review, 7(2), 72–78. https://doi.org/10.22610/imbr.v7i2.1141
Myers, S. C. (2001). Capital Structure. Journal of Economic Perspectives, 15(2), 81–102. https://doi.org/10.1017/9781316105795.005
Pervan, M., Pervan, I., & Ćurak, M. (2019). Determinants of firm profitability in the Croatian manufacturing industry: evidence from dynamic panel analysis. Economic Research-Ekonomska Istrazivanja, 32(1), 968–981. https://doi.org/10.1080/1331677X.2019.1583587
Raza, A. (2017). Determinants of Return on Equity: Evidence from the Cement Industry of Pakistan. KASBIT Business Journal, 10(Special Issue), 106–119.
Singapurwoko, A., & El-Wahid, M. S. M. (2011). The impact of financial leverage to profitability study of non-financial companies listed in Indonesia stock exchange. European Journal of Economics, Finance and Administrative Sciences, 32, 136–148.
Sivathaasan, N., Tharanika, R., Sinthuja, M., & Hanitha, V. (2013). Factors Determining Profitability : A Study of Selected Manufacturing Companies Listed on Colombo Stock Exchange in Sri Lanka. European Journal of Business and Management, 5(27), 99–108.
Sucuahi, W., & Cambarihan, J. M. (2016). Influence of Profitability to the Firm Value of Diversified Companies in the Philippines. Accounting and Finance Research, 5(2). https://doi.org/10.5430/afr.v5n2p149
Suwardi, A. (2011). MODUL STATA : Tahapan Dan Perintah (Syntax) Vector Autoregressivee (VAR) (2011). Scribd Website.
Van Horne, J. C., & Wachowicz Jr., J. M. (2008). Financial management. In Workplace Strategies and Facilities Management. https://doi.org/10.4324/9780080521299
Warrad, L. H., & Nassar, M. (2017). Could Profitability, Activity and Use of Equity Finance Increasing DuPont Model of Return on Equity? Jordanian Case. International Review of Management and Marketing, 7(3), 35–41.
Weidman, S. M., McFarland, D. J., Meric, G., & Meric, I. (2019). Determinants of return-on-equity in USA, German and Japanese manufacturing firms. Managerial Finance, 45(3), 445–451. https://doi.org/10.1108/MF-07-2018-0305
Winarto, J. (2015). The Determinants of Manufacturer Firm Value in Indonesia Stock Exchange. International Journal of Information, Business and Management, 7(4), 323–349. https://doi.org/10.1016/j.ijinfomgt.2010.11.002