The Financial Ratios and Institutional Ownership Impact on Healthcare Firm’s Value

Authors : Ricky Albert Husni; Pardomuan Sihombing

Volume/Issue : Volume 8 - 2023, Issue 7 - July

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The pandemic has caused a contraction in the global economy. Amidst the slowing of the economy, there is a sector that still manages to grow, the healthcare sector. This is shown by the growth in the healthcare sector’s GDP during the pandemic, but the PBV data on these companies didn’t show a satisfactory result. This study is conducted to assess factors that might increase the firm’s value of healthcare companies, such as profitability, working capital, tangible assets, leverage, and institutional ownership. This research will use a panel data analysis technique, quarterly financial statements from 2020-2021 of nine companies in the subsector of health services and equipment from the healthcare sector. Results of this study show that profitability and leverage give a positive impact while tangible assets give a negative impact on a firm’s value, and the other factors do not affect a firm’s value.

Keywords : Financial Ratios, Price to Book Value, Profitability, Working capital, Tangible Asset, Institutional Ownership, Leverage.


Paper Submission Last Date
31 - December - 2023

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