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The Influence of Roe and Firm Size on Company Value and The Impact on Share Returns in Companies in Pefindo25 Index

Hasanuddin Journal of Applied Business and Entrepreneurship · Vol. 6 No. 3 (2023)

ISSN
2598-0890, 2598-0882
Published
2023-08-01
Publisher
Master of Management, Faculty of Economics and Business, Hasanuddin University.
Language
en

Abstract

This study aims to determine the effect of ROE and firm size on stock returns with firm value as an intervening variable in manufacturing subsector companies listed on the Indonesian stock exchange in 2016-2020 which are included in the PEFINDO25 Index. The population in this study are companies registered as manufacturing companies in the PEFINDO25 index which have gone through a delisting process carried out by researchers. This research was conducted by taking information on the company's financial data that has been published by the company or the Indonesian stock exchange on the website with quantitative methods. The sample in this study used a purposive sampling method where the companies that were sampled had to meet complete data requirements from 2016-2020. In analyzing the data of this study using the SPSS version 25 application. The results of this study obtained the results that the effect of ROE had a significant positive effect and positive firm size was not significant on the intervening variable. while the effect of ROE on stock returns has a significant positive effect, the Firm Size variable obtains positive results that are not significant and firm value has an insignificant negative effect.

Keywords

Collaboration network of the authors

40 authors · 131 co-authorship links · 3 across different organisations · showing the 40 most connected

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • Universitas Halu Oleo
  • Riau University
  • University of Technology Malaysia
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Sahta GintingUniversitas Halu Oleo7
Namriah NamriahUniversitas Halu Oleo6
MUH TUFAILAAffiliation unknown5
Resman ResmanAffiliation unknown4
Hasbullah SyafAffiliation unknown3
Jufri KarimUniversitas Halu Oleo3
Darwis DarwisUniversitas Halu Oleo3
ZULFIKAR ZULFIKARUniversitas Halu Oleo2
M. Tufaila .Affiliation unknown2
Insany Fitri NurqamarAffiliation unknown2
WahdaAffiliation unknown2
SabirAffiliation unknown2
Andi KusumawatiAffiliation unknown2
AlimuddinAffiliation unknown2
Abdullah SanusiAffiliation unknown2
Yusnita RahayuRiau University1
Dara Incam RamadhanRiau University1
Razali NgahUniversity of Technology Malaysia1
Dewi Nurhayati YusufUniversitas Halu Oleo1
NURMA ADEAffiliation unknown1
FIRA SYAWALLIA AZZAHRAAffiliation unknown1
MUHIDIN MUHIDINUniversitas Halu Oleo1
Irvandi Arya BrataAffiliation unknown1
Bambang Hendro SunarmintoAffiliation unknown1
Syamsul Arifin SiradzAffiliation unknown1
la Ode RustamAffiliation unknown1
M. TUFAILA HEMONUniversitas Halu Oleo1
FIRDA NURFAUZIAffiliation unknown1
YUSRINA YUSRINAAffiliation unknown1
DAWAN DANDI SAPUTRAAffiliation unknown1
Sitti LeomoUniversitas Halu Oleo1
La MudiAffiliation unknown1
WAYAN RISAL SUMANTAAffiliation unknown1
DEWI DARMA LAKSANAAffiliation unknown1
RAMADAN LAMPOSOAffiliation unknown1
ALIYAMAN -Affiliation unknown1
Halizah Putri IrianiAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.unhas.ac.id/index.php/hjabe/oai, first harvested 2 Nov 2026, last seen 2 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en">The Influence of Roe and Firm Size on Company Value and The Impact on Share Returns in Companies in Pefindo25 Index</dc:title>
	<dc:creator xml:lang="en">Sari, Indah Permata</dc:creator>
	<dc:creator xml:lang="en">Alam, Syamsu </dc:creator>
	<dc:creator xml:lang="en">Nohong, Mursalim</dc:creator>
	<dc:subject xml:lang="en">ROE</dc:subject>
	<dc:subject xml:lang="en">Firm Size</dc:subject>
	<dc:subject xml:lang="en">Firm Value</dc:subject>
	<dc:subject xml:lang="en">Stock Return</dc:subject>
	<dc:description xml:lang="en">This study aims to determine the effect of ROE and firm size on stock returns with firm value as an intervening variable in manufacturing subsector companies listed on the Indonesian stock exchange in 2016-2020 which are included in the PEFINDO25 Index. The population in this study are companies registered as manufacturing companies in the PEFINDO25 index which have gone through a delisting process carried out by researchers. This research was conducted by taking information on the company's financial data that has been published by the company or the Indonesian stock exchange on the website with quantitative methods. The sample in this study used a purposive sampling method where the companies that were sampled had to meet complete data requirements from 2016-2020. In analyzing the data of this study using the SPSS version 25 application. The results of this study obtained the results that the effect of ROE had a significant positive effect and positive firm size was not significant on the intervening variable. while the effect of ROE on stock returns has a significant positive effect, the Firm Size variable obtains positive results that are not significant and firm value has an insignificant negative effect.</dc:description>
	<dc:publisher xml:lang="en">Master of Management, Faculty of Economics and Business, Hasanuddin University.</dc:publisher>
	<dc:date>2023-08-01</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:identifier>https://journal.unhas.ac.id/index.php/hjabe/article/view/27768</dc:identifier>
	<dc:source xml:lang="en">Hasanuddin Journal of Applied Business and Entrepreneurship; Vol. 6 No. 3 (2023): Hasanuddin Journal of Applied Business and Entrepreneurship</dc:source>
	<dc:source>2598-0890</dc:source>
	<dc:source>2598-0882</dc:source>
	<dc:language>en</dc:language>
	<dc:rights xml:lang="en">Copyright (c) 2023 Hasanuddin Journal of Applied Business and Entrepreneurship</dc:rights>
</oai_dc:dc>