Correlation between profit and firm value in Forbes the worlds 2,000 largest public companies Yosep Rahman Hidayat (a*) Nugraha (b)
a) Universitas Pendidikan Indonesia
Jl Dr Setiabudi No 229 Bandung 40154 Indonesia
*y_r_hidayat[at]upi.edu
b) Universitas Pendidikan Indonesia
Jl Dr Setiabudi No 229 Bandung 40154 Indonesia
nugraha[at]upi.edu
Abstract
The background of the research is about the firm value but the research covering the cross-border scope has not been empirically proven.
Therefore, this research was conducted to empirically verify the relationship between the profitability of the company and the firm value in the scope globally.
A sample of 2,000 companies included in Forbes^ 2020 world^s largest public companies^ version. The method used in this study uses a quantitative approach as well as its analysis using regression. The results of this study provide empirical evidence globally that supports the assertion that profitability positively affects the firm value.
