CD Skripsi
Pengaruh Profitabilitas, Kepemilikan Manajerial Dan Kepemilikan Institusional Terhadap Nilai Perusahaan Dengan Kebijakan Hutang Sebagai Variabel Intervening (Studi Pada Perusahaan Manufaktur Yang Terdaftar Di Bei Tahun 2009-2012)
This study aimed to analyze the influence of profitability, managerial ownership and institutional ownership on firm value mediated by debt policy in Indonesia Stock Exchange 2009-2012. Exogenous variables used in this study is that profitability is measured using variables Return on Equity (ROE), managerial ownership and institutional ownership. Meanwhile, the endogenous variable used is the value of the company and intervening variables used are debt policy. The sample in this study was 27 manufacturing company in Indonesia Stock Exchange in the study period 2009-2012 were selected based on specific criteria by using purposive sampling method. Analysis of the data used in this research is the analysis of the path that is processed with SPSS.
From the path analysis model used in this study, the results showed that managerial ownership and institutional ownership has no effect on the debt policy, and Return on Equity only affect the debt policy. Debt policy is not quite able to mediate the effect of profitability, managerial ownership and institutional ownership on firm value.
Keywords: Return on Equity (ROE), Managerial Ownership, Institutional Ownership, Firm Value, Debt Equity Ratio (DER).
Tidak tersedia versi lain