Putri Ratnasari, Dwi (2015) PENGARUH STRUKTUR MODAL, INVESTMENT OPPORTUNITY SET DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN (Studi Empiris pada Perusahaan Perbankan yang Terdaftar di BEI tahun 2009-2013). S1 thesis, Universitas Sultan Ageng Tirtayasa.
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2. PENGARUH STRUKTUR MODAL, INVESTMENT OPPORTUNITY SET DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN.PDF - Published Version Restricted to Registered users only Download (4MB) |
Abstract
ABSTRACT IMPACT OF CAPITAL STRUCTURE, INVESTMENT OPPORTUNITY SET AND LIQUIDITY ON FIRM VALUE (Empirical Studies on Banking Companies Listed in BEI 2009-2013) By Dwi Putri Ratnasari This study aims to determine the impact of capital structure variables as measured by debt-to-equity ratio (DER), investment opportunity set as measured by market-to-book assets ratio (MBA) and liquidity as measured by the current ratio (LIQ) on firm value as proxied by Price to Book Value (PBV) in Banking companies listed in Indonesia Stock Exchange 2009-2013. The population was 39 banking companies. Purposive sampling was used as the sampling technique and the 29 companies selected as the sample met the criteria for the study. This study uses secondary data and multiple regression analysis. The results showed that the capital structure had positive and significant impact on firm value, investment opportunity set had positive and significant impact on firm value and liquidity had negative and does not significant impact on firm value. And firm size as a control variable had positive and significant impact on firm value. Simultaneously capital structure, investment opportunity set and liquidity have a significant effect on firm value. The result of the determination coefficient, the value of adjusted R2 of 0.919 was obtained. This means that 91.9% variation in the dependent variable is the PBV (firm value) can be explained by the variation of the three independent variables, namely capital structure, investment opportunity set and liquidity while the remaining 8,1% is influenced by other factors not be included in the regression model. Keywords: Capital Structure, Investment Opportunity Set, liquidity, firm size and firm value.
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| Additional Information: | ABSTRAK PENGARUH STRUKTUR MODAL, INVESTMENT OPPORTUNITY SET DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN (Studi Empiris Pada Perusahaan Perbankan Yang Terdaftar di BEI tahun 2009-2013) Oleh: Dwi Putri Ratnasari Penelitian ini bertujuan untuk mengetahui pengaruh variabel struktur modal yang diukur dengan debt to equity ratio (DER), investment opportunity set yang diukur dengan market to book asset ratio (MBA) dan likuiditas yang diukur dengan current ratio (LIQ) terhadap nilai perusahaan yang diproksikan melalui Price to Book Value (PBV) pada perusahaan Perbankan yang terdaftar di Bursa Efek Indonesia periode 2009-2013. Populasi penelitian ini adalah 39 perusahaan perbankan. Purposive Sampling digunakan sebagai teknik pengambilan sampel dan 29 perusahaan terpilih memenuhi kriteria untuk dijadikan sampel penelitian. Penelitian ini menggunakan data sekunder dan analisis regresi berganda. Hasil penelitian menunjukkan bahwa struktur modal memiliki pengaruh positif dan signifikan terhadap nilai perusahaan, investment opportunity set memiliki pengaruh positif signifikan terhadap nilai perusahaan dan likuiditas memiliki pengaruh negatif dan tidak signifikan terhadap nilai perusahaan. Dan ukuran perusahaan sebagai variabel kontrol memiliki pengaruh positif dan signifikan terhadap nilai perusahaan. Secara simultan struktur modal, investment opportunity set dan likuiditas berpengaruh signifikan terhadap nilai perusahaan. Hasil uji koefisien determinasi, besarnya nilai adjusted R 2 diperoleh sebesar 0,919. Hal ini berarti bahwa 91,9 % variasi variabel dependen yaitu PBV (nilai perusahaan) dapat dijelaskan oleh variasi ketiga variabel independen yaitu struktur modal, investment opportunity set dan likuiditas sedangkan sisanya sebesar 8,1 % dipengaruhi oleh faktor lain yang tidak dimaksukkan dalam model regresi. Kata kunci: Struktur Modal, Investment Opportunity Set, Likuiditas, Ukuran Perusahaan dan Nilai perusahaan. | |||||||||
| Uncontrolled Keywords: | Capital Structure, Investment Opportunity Set, liquidity, firm size and firm value. Struktur Modal, Investment Opportunity Set, Likuiditas, Ukuran Perusahaan dan Nilai perusahaan. | |||||||||
| Subjects: | H Social Sciences > HB Economic Theory | |||||||||
| Divisions: | 05-Fakultas Ekonomi dan Bisnis 05-Fakultas Ekonomi dan Bisnis > 62201-Program Sarjana Akuntansi |
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| Depositing User: | Perpustakaan Pusat | |||||||||
| Date Deposited: | 25 Oct 2021 05:59 | |||||||||
| Last Modified: | 25 Oct 2021 05:59 | |||||||||
| URI: | http://eprints.untirta.ac.id/id/eprint/2239 |
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