FAJRI SYIFAUL, AHMAD (2017) PENGARUH DEBT TO EQUITY RATIO (DER) DAN CURRENT RATIO (CR) TERHADAP PRICE TO BOOK VALUE (PBV) DIMEDIASI OLEH RETURN ON EQUITY (ROE). S1 thesis, UNIVERSITAS SULTAN AGENG TIRTAYASA.
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PENGARUH DEBT TO EQUITY RATIO (DER) DAN CURRENT RATIO (CR) TERHADAP PRICE TO BOOK VALUE (PBV) DIM.PDF Restricted to Registered users only Download (14MB) |
Abstract
Ahmad Fajri Syifaul / 5551131376 / Undergraduate Thesis / The Effect of Debt to Equity Ratio (DER) and Current Ratio (CR) Towards Price to Book Value (PBV) In Mediation by Return On Equity (ROE) (Study On Companies of Consumers Goods Industry Sector That Listed in Indonesia Stock Exchange Period 2011-2015) / Under the guidance of Mr. Drs. H. Sriyanto, M.Si. and Mr. Abdul Rosyid, SE., MM. / Major of Management - Faculty of Economics and Business / Sultan Ageng Tirtayasa University / 2017. This study was aimed to examine the influence of DER (X1) and CR (X2) Towards PBV (Y) by using ROE (Z) as an intervening variable. The population of this research was Consumers Goods Industry Sector Listed in Indonesia Stock Exchange (IDX) on The Year Period 2011-2015 by 41 companies by using purposive sampling method obtained a sample of 22 companies. Data collection techniques used are literature studies, documents, and research journals. Analysis of the data using the classical assumption test, path analysis, sobel test and partial test (t test). By using SPSS (Statistik Product and Service Solution) 20 for windows. From the calculation, all the classical assumption has been clear. The result of research partially showed that DER has no effect and insignificant on PBV [Y = -0,135 X1 – 0,151 X2 + 0,889 X3 + 0,193] with [-t test (-1,487) > - t table (-1,6592)]. CR has no effect and insignificant on PBV [Y = -0,135 X1 – 0,151 X2 + 0,889 X3 + 0,193] with [-t test (-1,653) > - t table (-1,6592)]. ROE has an effect and significant on PBV [Y = -0,135 X1 – 0,151 X2 + 0,889 X3 + 0,193] with [t test (20,210) > t table (1,6592)]. DER has an effect and insignificant on ROE [Z = 0,022 X1 – 0,224 X2 + 0,941] with [t test (0,108) < t table (1,6591)]. CR has no effect and insignificant on ROE [Z = 0,022 X1 – 0,224 X2 + 0,941] with [-t test (-1,121) > - t table (-1,6591)]. Path analysis and sobel test showed that ROE as an intervening variable is able to mediate the effect of DER on PBV (0,019558 > -0,135) but the influence is insignificant [t test (0,0228) < t table (1,6591)]. ROE as an intervening variable is unable to mediate the effect of DER on PBV (-0,151 > -0,199136) but the influence is insignificant [-t test (-0,2323) > t table (-1,6591)]. Keywords: Debt to Equity Ratio (DER), Current Ratio (CR), Return On Equity
| Item Type: | Thesis (S1) | |||||||||
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| Additional Information: | (DER) dan Current Ratio (CR) Terhadap Price to Book Value (PBV) Dimediasi Oleh Return On Equity (ROE) (Studi Pada Perusahaan Sektor Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia Periode Tahun 2011- 2015) / Dibawah bimbingan Drs. H. Sriyanto, M.Si. dan Abdul Rosyid, SE., MM./ Jurusan Manajemen - Fakultas Ekonomi dan Bisnis / Universitas Sultan Ageng Tirtayasa / 2017. Penelitian ini bertujuan untuk mengetahui pengaruh antara DER (X1) dan CR (X2) Terhadap PBV (Y) dengan menggunakan ROE (Z) sebagai variabel intervening. Populasi penelitian yaitu perusahaan sektor industri barang konsumsi yang terdaftar di BEI periode 2011-2015 sebanyak 41 perusahaan dengan menggunakan metode purposive sampling didapat sampel sebanyak 22 perusahaan. Teknik pengumpulan data yang digunakan adalah studi kepustakaan, dokumen, dan jurnal penelitian. Analisis data menggunakan analisis jalur (path analysis), mendeteksi pengaruh mediasi (uji sobel) dan uji parsial (uji t). Dengan menggunakan program SPSS (Statistik Product and Service Solution) 20 for windows. Dari hasil perhitungan, semua uji asumsi klasik sudah terpenuhi. Hasil penelitian secara parsial menunjukkan DER berpengaruh negatif dan tidak signifikan terhadap PBV [Y = -0,135 X1 – 0,151 X2 + 0,889 X3 + 0,193] dengan [-t hitung (-1,487) > - ttabel (-1,6592)]. CR berpengaruh negatif dan tidak signifikan terhadap PBV [Y = -0,135 X1 – 0,151 X2 + 0,889 X3 + 0,193] dengan [-t hitung (-1,653) > - ttabel (-1,6592)]. ROE berpengaruh positif dan signifikan terhadap PBV [Y = -0,135 X1 – 0,151 X2 + 0,889 X3 + 0,193] dengan [t hitung (20,210) > t tabel (1,6592)]. DER berpengaruh positif dan tidak signifikan terhadap ROE [Z = 0,022 X1 – 0,224 X2 + 0,941] dengan [t hitung (0,108) < t tabel (1,6591)]. CR berpengaruh negatif dan tidak signifikan terhadap ROE [Z = 0,022 X1 – 0,224 X2 + 0,941] dengan [-t hitung (-1,121) > - ttabel (-1,6591)]. Dari hasil pengujian path analysis dan uji sobel menunjukan bahwa ROE sebagai variabel intervening mampu memediasi pengaruh DER terhadap PBV (0,019558 > -0,135), namun pengaruhnya tidak signifikan [t hitung (0,0228) < t tabel (1,6591)]. ROE sebagai variabel intervening tidak mampu memediasi pengaruh CR terhadap PBV (-0,151 > -0,199136), namun pengaruhnya tidak signifikan [-t hitung (-0,2323) > -t tabel (-1,6591)]. | |||||||||
| Subjects: | H Social Sciences > HB Economic Theory | |||||||||
| Divisions: | 05-Fakultas Ekonomi dan Bisnis 05-Fakultas Ekonomi dan Bisnis > 61201-Program Sarjana Manajemen |
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| Depositing User: | Admin Eprints Untirta | |||||||||
| Date Deposited: | 30 Sep 2021 03:43 | |||||||||
| Last Modified: | 30 Sep 2021 03:43 | |||||||||
| URI: | http://eprints.untirta.ac.id/id/eprint/1789 |
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