KEBIJAKAN HUTANG, PROFITABLITAS, DAN MANAJEMEN ASET TERHADAP NILAI PERUSAHAAN

Fatimah Kurniawati Putri, Brady Rikumahu, W. Aminah
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引用次数: 3

Abstract

Maximizing shareholder wealth can be done by increasing the value of the company. Companies with high PBV ratios will show a high corporate value, this condition make interest for investors to invest in the company. This study aims to analyze the effect of debt policy proxied with Debt to Equity Ratio (DER), profitability proxied with Return On Equity (ROE), and asset management proxied by Total Asset Turnover (TATO) to firm value proxied by Price to Book Value, simultaneously and partially. The population is mining companies listed on BEI. Sample selection technique used is purposive sampling and obtained 30 mining companies in 2013-2016, Data analysis method is panel data regression analysis using software Eviews version 9, Based on the result of research, simultaneously DER, ROE, and TATO have significant effect to company value. Partially, DER and TATO have positive significant effect, ROE have positive but insignificant effect.
债务政策、资产配置和企业价值管理
股东财富的最大化可以通过增加公司的价值来实现。PBV比率高的公司会显示出较高的公司价值,这种情况会使投资者有兴趣投资该公司。本研究旨在同时和部分地分析以负债权益比(DER)为代表的债务政策、以净资产收益率(ROE)为代表的盈利能力以及以总资产周转率(TATO)为代表的资产管理对以市净率为代表的企业价值的影响。人口矿业公司在BEI上市。采用的样本选择技术为目的抽样,选取了2013-2016年的30家矿业公司,数据分析方法为面板数据回归分析,使用Eviews version 9软件,研究结果表明,DER、ROE和TATO同时对公司价值有显著影响。部分地,DER和TATO有正显著影响,ROE有正但不显著影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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17
审稿时长
24 weeks
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