DEBBY WULANDARI 023121120 METHODOLOGY RESEARCH THE EFFECT OF BUSINESS VALUATION, FIRM SIZE AND...
-
Upload
alice-pearson -
Category
Documents
-
view
215 -
download
0
Transcript of DEBBY WULANDARI 023121120 METHODOLOGY RESEARCH THE EFFECT OF BUSINESS VALUATION, FIRM SIZE AND...
DEBBY WULANDARI023121120
METHODOLOGY RESEARCH
THE EFFECT OF BUSINESS VALUATION, FIRM SIZE AND
CORPORATE SOCIAL RESPONSIBILITY (CSR) TO VALUE
OF THE FIRM
CHAPTER IINTRODUCTIO
N
BACKGROUND
Business valuation is a process and a set of procedures used to estimate the economic value of an owner's interest in a business.
Anderson, Patrick L in "New Developments in Business Valuation.“Burlington: Elsevier,2005.
The value of the firm indicator for the market to
assess the overall company.
Nurlela and Islahuddin (2008).
Fraderick et al ( 1992) define CSR as a principle that explains the company should be responsible for the effects of any action in the community and the environment
RESEARCH GAP
Henri Servaes, Ane Tamayo (2013)
Business valuation, firm size and CSR significantly affecting Value of the firm
Maja Pervan, Josipa Višić (2012)
Financial Condition, Firm Size and Profitability
significantly affecting Value of the firm
Lingling Ding (2014)
Corporate Finance, and CSR significantly affecting
Value of the firm
The research Gap:
In Maja Pervan and Lingling journal, the variable that will affect significantly to value of the firm is Financial Condition, Profitability, and Corporate Finance
RESEARCH PROBLEM
Is business valuation affect the Value of the
firm?
Is CSR affect the Value of the
firm?
Is firm size affect the Value of the
firm?
RESEARCH PURPOSE
To find empirical evidence that business valuation affecting on the Value of the firm
To find empirical evidence that firm size affecting on the Value of the firm
CHAPTER 2THEORY &
HYPHOTESIS
GRAND THEORY
The company is not the only entity that operates for its own interest, but must provide benefits to stakeholders.
STAKEHOLDER THEORY
Ghazali dan chariri, (2007)
PRIOR RESEARCH
Name of Author Independent Variabel The Results
Henri Servaes, Ane Tamayo (2013)
Business ValuationBusiness valuation, firm size and CSR Affecting Value of the
firm
Firm Size
Corporate Social Responsibility (CSR)
Maja Pervan, Josipa Višić
(2012)
Financial Condition Financial Condition, Firm Size and
Profitability affecting Value of the firm
Firm Size
Profitability
Lingling Ding (2014)
Corporate Finance Corporate Finance, and CSR affecting Value
of the firmCorporate Social Responsibility (CSR)
RESEARCH FRAMEWORK
Business Valuation
(X₁)
Firm Size(X₂)
Value of the firm(Y)
Corporate Social
Responsibility
(X3)
HYPHOTESIS
H1: Business Valuation affect positive to Value of the firm.
H3 : CSR affect positive to Value of the firm.
H2 : Firm Size affect positive to Value of the firm.
H4 : Business Valuation, Firm Size and CSR affect positive to Value of the firm.
CHAPTER 3
RESEARCH
METHOD
DESIGN RESEARCH
Research Objective:
Causal Comparative
Time Horizon:
Cross Sectional
Data Collection:
Quantitative
Purpose of Study:
Hyphotesis Testing
DATA
SECONDARY DATA Annual Report from:
www.idx.co.id
Annual Report from Manufacturer
Company in 2012-2014
POPULATION
Manufacturer CompanyListed in Indonesia Stock Exchange
SAMPLE
Level:Entity
Purposive
sampling
SAMPLE CRITERIA:
42 Manufacture Company that are
listed in BEI 2012-2014
Have complete data associated with the
variables used in the study.
Provides the complete annual report for the
year 2012-2014
OPERATIONAL DEFINITION
BUSINESS VALUATIO
N
Income Approach
AssetApproach
Market Approach
Discounted future cash flows John Burr Williams's (1938)
Fair market value
• price-to-earnings ratio (PE)
• price-to-earning growth ratio (PGE)
PE = Market share/ Earning per share.
OPERATIONAL DEFINITION
Firm Size
CSR
Value of the Firm
Weighted Avergae Number of EmployeeDavis and Henrekson (1997)
Dummy variabel
Score 0 : if the company didn’t disclose the item in the list question.Score 1 : if the company disclose the item in the list question
Q RatioJames Tobin (1967)
TEST OF HYPHOTESIS
Uji Normalitas
Uji Regresi Linear
Sederhana
Uji regresi berganda
dan Multivariate
Y = α + β₁X₁ + β₂X₂+ βX3 + β₃X₁X₂X3 + e
Y = α + β₁X₁ + e
Uji Asumsi
Uji Teori
THANK
YOU