Analisis Nilai Perusahaan Sebelum Dan Sesudah Melakukan Right Issue
Abstract
The purpose of this study is to analyze, describe, and measure the difference in the value of the company before and after the rights issue. The object of this research is the value of the company which is proxied by EPS, PER, PBV, and the Tobin's Q ratio before and after conducting a rights issue on companies listed on the BEI. The research method used is quantitative with a descriptive comparative approach, which is a method that looks at the general description of the calculation results of the variables and the differences between the variables before and after the rights issue. Data analysis techniques start from data compilation, data tabulation to testing. The test uses the data normality test, and the different test uses SPSS with the data requirements. Based on the results of the study, it was found that the calculation results increased and decreased each period, the EPS ratio showed no significant difference between the companies before and after the rights issue, in contrast to the PER, PBV, and Tobin's Q ratios which showed differences in the companies before and after do a rights issue.
Keywords: Company Value, Tobin;s Q, Right Issue.
References
Chong, Chuan Foong, Chee Wooi Hooy, and Ruhani Ali. (2019). Does Company Warrant Create Value for Malaysian Right Issue? International Journal of Business and Society 20(1): 194–210.
Dewi, Novia Sandra. (2013). Perbandingan Dampak Kebijakan Stock Split, Stock Dividen, Dan Right Issue Terhadap Harga Saham Di Bursa Efek Indonesia.
Fahmi, Irham. (2017). Pengantar Pasar Modal. Bandung: Alfabeta.
Faniyah, Iyah. (2017). Investasi Syariah Dalam Pembangunan Ekonomi Indonesia. Yogyakarta : Deepublish.
Hidayat, Wastam Wahyu. (2019). Konsep Dasar Investasi Dan Pasar Modal. Ponorogo : Uwais Inspirasi Indoenesia.
Jatmiko, Dadang Praseto. (2017). Pengantar Manajemen Keuangan. Yogyakarta : Diandra Kreatif.
Kasmir. (2016). Analisis Laporan Keuangan. Jakarta: Raja Grafindo Persada.
Mariko, Batista J., and Theuri J. M. (2017). Effect of Information Adjustment Time on Share Prices for Firm’S Listed on the Nairobi Security Exchange. American Journal of Finance 1(3): 87.
Musthafa. (2017). Manajemen Keuangan. Yogyakarta : CV Andi Offset.
Nasarudin, M. Irsan, Ivan Yustiavandana, Arman Nefi, and Adiwarman. (2014). Aspek Hukum Pasar Modal Indonesia. Jakarta : Kencana.
Rahayu, Maryati, and Bida Sari. (2018). Faktor - Faktor Yang Mempengaruhi Nilai Perusahaan. 2(2).
Sari, Ida Ayu Gede Dika Martami. (2020). Profitability and Liquidity on Firm Value and Capital Structure as Intervening Variable. International Research Journal of Management, IT and Social sciences 7(1): 116–27.
Arikunto, Suharsimi. (2006). Prosedur Penelitian : Suatu Pendekatan Praktik. Jakarta : PT Rineka Cipta.
Dewi, Novia Sandra. (2013). Perbandingan Dampak Kebijakan Stock Split, Stock Dividen, Dan Right Issue Terhadap Harga Saham Di Bursa Efek Indonesia.
Fahmi, Irham. (2017). Pengantar Pasar Modal. Bandung : Alfabeta.
Faniyah, Iyah. (2017). Investasi Syariah Dalam Pembangunan Ekonomi Indonesia. Yogyakarta : Deepublish.
Ghozali, Imam. (2012). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 20. Yogyakarta : Universitas Diponegoro.
Hidayat, Wastam Wahyu. (2019). Konsep Dasar Investasi Dan Pasar Modal. Ponorogo : Uwais Inspirasi Indoenesia.
Jatmiko, Dadang Praseto. (2017). Pengantar Manajemen Keuangan. Yogyakarta : Diandra Kreatif.
Mariko, Batista J., and Theuri J. M. (2017). Effect of Information Adjustment Time on Share Prices for Firm’S Listed on the Nairobi Security Exchange. American Journal of Finance 1(3): 87.
Musthafa. (2017). Manajemen Keuangan. Yogyakarta : CV Andi Offset.
Nasarudin, M. Irsan, Ivan Yustiavandana, Arman Nefi, and Adiwarman. (2014). Aspek Hukum Pasar Modal Indonesia. Jakarta : Kencana.
Rahayu, Maryati, and Bida Sari. (2018). Faktor - Faktor Yang Mempengaruhi Nilai Perusahaan. 2(2).
Sari, Ida Ayu Gede Dika Martami. (2020). Profitability and Liquidity on Firm Value and Capital Structure as Intervening Variable. International Research Journal of Management, IT and Social sciences 7(1): 116–27.
Seally Nuraida Naqsyabandi. (2015). Analisis Penilaian Perusahaan Pada Sektor Perbankan Yang Terdiversifikasi (Studi Kasus Perusahaan Perbankan Go Publik 2013 - 2014).
Siyoto, Sandu, and Muhammad Ali Sodik. (2015). Dasar Metodologi Penelitian. Yogyakarta: Literasi Media Publishing.
Sudjana, Nana. (2011). Tuntunan Penyusunan Karya Ilmiah Makalah-Skripsi-Tesis- Disertasi. Bandung: Sinar Baru Algesindo.
Sugiyono. (2010). Metode Penelitian Pendidikan Kuantitatif, Kualitatif Dan R&D. Bandung : Alfabeta.
Sugiyono. (2012). Metode Penelitian Kuantitatif, Kualitatif, R&D. Bandung : Alfabeta.
Sugiyono. (2014). Metode Penelitian Pendidikan Pendekatan Kuantitatif, Kualitatif, Dan R&D. Bandung : Alfabeta.
Sugiyono. (2016). Metode Penelitian Kuantitatif, Kualitatif, Dan R&D. Bandung: Alfabeta.
Sugiyono. (2017). Metode Penelitian Bisnis: Pendekatan Kuantitatif, Kualitatif, Kombinasi, Dan R&D. Bandung : Alfabeta.
Sunyoto, Danang. (2013). Metodologi Penelitian Akuntansi. Bandung : PT Refika Aditama Anggota Ikapi.
Seally Nuraida Naqsyabandi. (2015). Analisis Penilaian Perusahaan Pada Sektor Perbankan Yang Terdiversifikasi (Studi Kasus Perusahaan Perbankan Go Publik 2013 – 2014.
Sudiyanto, Bambang, and Elen Puspitasari. (2010). Tobin’s Q Dan Altman Z- Score Sebagai Indikator Pengukuran Kinerja Perusahaan.†2 No. 1: 9–21
