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Research Paper | Accounting | Indonesia | Volume 8 Issue 10, October 2019 | Popularity: 6.7 / 10

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Valuation Model of financial decision making company of State Company (BUMN), Foreign Company (PMA) and Private Company in Indonesian Listed Company (IDX)

Fauzi R. Rahim, Muhammad Ali, Syamsu Alam, Mursalim Nohong

Abstract: Increasing the value of the company as a form of success for management of the ability to manage resources (assets) that will further affect the parties in making investment decisions or financing especially in the acquisition process or Merger. An economical assessment Model is based on that an asset can be assessed by considering the utility of that asset and how it can be used to generate value for the company in the future. The method of economic assessment, assessing a company based on the economic benefits gained by investing in the company. The scoring Model is relatively or often said that the market valuation method is based on the value of the asset depends on the outcome of the components that make up the asset, with terminology relative meaning the result The assessment with this method is very relative or uncertain-appropriate, because often use comparative numbers that are not exactly the same. This Model strongly emphasizes the value of the asset in determining the fair value of a company, especially from the physical and tangible of the asset, which can be significantly realized and converted into cash or near/equivalent cash, if the time occurs The sale of assets, liquidation of companies or companies taken over by other parties. The results of the study on the influence of variable influences Discounting Cashflow (DCF) models against state-owned enterprises showed significant influence and positive dealing, so that when DCF increased it would increase market value and intrinsic value. Earning Model of BUMN, PMA and private companies showed significant influence and positive related, so that when Earning increased it will increase market value and intrinstic value. The testing of variable influence Liquidation Model against BUMN, PMA and private companies showed significant influence and related negative so that increasing the value of liquidation led to a decrease in market value and intrinstic value. Based on a descriptive variable Liquidation two indicators including Total assets and Total debt, because the company is not able to keep going-concern.

Keywords: Model valuation, discounting cashflow model, earning model, liquidation model, State-Owned Enterprises BUMN

Edition: Volume 8 Issue 10, October 2019

Pages: 634 - 636

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