PENGARUH RETURN ON EQUITY DAN TOTAL ASET TERHADAP PRICE BOOK VALUE PADA PERUSAHAAN PERTAMBANGAN DENGAN DEBT TO EQUITY RATIO SEBAGAI VARIABEL INTERVENING

  • Astohar Astohar

Abstract

The purpose of this study is to develop structural models of factors
that affect the value of the company. Company value is influenced by the
profitability and size of the company directly or in the intervening capital
structure. The selected research object is in mining company at Indonesia
Stock Exchange in period 2010 to 2015.The sample size required for this
study was initially as many as 42 companies. After screening there are 29
companies that can be used or 174 observations with sampling technique
using purposive non random sampling. The analysis tool used is normality
test, deviation of classical assumption, data fit test, regression equation test,
hypothesis test and coefficient of determination. Sobel test test in this research
is also conducted to test whether intervening variable is capital structure.
The results showed that the capital structure (debt to equity ratio) and
profitability (return on equity) proved to have a positive and significant
effect on the value of the company (price book to value). Profitability (return
on equity) proved to negatively and significantly affect the capital structure
(debt to equity ratio). The size of the firm (size) proved to have a positive
and significant influence on the structure of capital (debt to equity ratio).
The size of the firm (size) proved to have a negative effect is not significant
to the value of the company (price book value). The capital structure (debt to
equity ratio) proves to be a mediating variable between return on equity and
firm size to firm value

Published
May 10, 2017
How to Cite
ASTOHAR, Astohar. PENGARUH RETURN ON EQUITY DAN TOTAL ASET TERHADAP PRICE BOOK VALUE PADA PERUSAHAAN PERTAMBANGAN DENGAN DEBT TO EQUITY RATIO SEBAGAI VARIABEL INTERVENING. Jurnal Ilmu Manajemen dan Akuntansi Terapan, [S.l.], v. 8, n. 1, p. 1 - 16, may 2017. Available at: <http://jurnal.stietotalwin.ac.id/index.php/jimat/article/view/128>. Date accessed: 20 nov. 2018.