Analisis Pengaruh Value Chain Capability Terhadap Nilai Perusahaan

Abstract

This study aimed to determine the effect of value chain capability that consists of cost of goods sold, retained earnings, working capital, number of employees, SG&A expenses, and receivables to firm value. The population in this study is all of public manufacturing companies listed in Indonesia Stock Exchange (BEI) for the period 2013-2015. The technique of sample taking is using purposive sampling with certain criterias. The number of samples that meet the criteria are 75 companies in total. Multiple regression linear analysis is used to test the hypothesis. The results show that cost of goods sold, retained earnings, and SG&A expenses have a significant positive effect on firm value. Whereas working capital, number of employees, and receivables do not have significant positive effect on firm value.