Study Reveals Key Factors Driving Manufacturing Firm Value Growth
The study looked at how Return On Assets, Return On Equity, and Earning Per Shares impact the value of manufacturing companies. They analyzed 30 companies listed on the Indonesia Stock Exchange from 2017 to 2019. The findings showed that Return On Assets and Return On Equity do not significantly affect share prices, but Earning Per Shares does. Overall, all three factors together have a significant impact on share prices.