CD Skripsi
Pengaruh Struktur Kepemilikan Dan Modal Intelektual Terhadap Nilai Perusahaan Dengan Keputusan Keuangan Dan Kinerja Keuangan Sebagai Variabel Intervening (Studi Empiris Pada Perusahaan Otomotif Di Bursa Efek Indonesia Tahun 2013-2015)
This study aims to demonstrate empirically the direct and indirect influence of the structure of ownership and intellectual capital to the firm value with financial decisions and financial performance as an intervening variable. The population in this study is the automotive company listed on the BEI in 2013-2015. The sampling method used in this research is purposive sampling. Data analysis was performed using normality test and classical assumption test consisting of Multicolinearity, Heteroskidastity test, and Autocorrelation test. This study used path analysis with SPSS 17.0. This study uses a test of determination. Institutional ownership is a proxy of the ownership structure and intellectual capital measured using VAICTM. Funding decisions are proxies of financial decisions that are measured using the DER and financial performance is measured by using ROA. The dependent variable is the firm value is measured by using a PBV. Result of research indicate institutional character have influence to company value with significant value 0.002 0.05 with the following path (0.076). Financial decisions and performance can not be an intervening variable of institutional ownership and intellectual capital. This is evidenced by the significant values of each and 0.187 and 0.762 respectively with paths (-0.225) and (0.070).
Keywords: institutional structure, intellectual capital, funding decisions, financial performance, firm value
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