CD Tesis
Pengaruh Financial Leverage Dan Asset Growth Terhadap Nilai Perusahaan Dan Profitabilitas Sebagai Variabel Intervening (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2016-2018)
Manufacturing companies listed on the IDX for the 2016-2018 period tend to
experience fluctuations in company value every year. It is suspected that financial
leverage, Asset Growth and ROE are among the contributing factors. The research
population used is manufacturing companies listed on the Indonesia Stock Exchange in
2016-2018. The sampling method used was purposive sampling and the number of
samples used in this study were 89 companies. The data analysis used was path analysis
and panel data.
Based on the results of the research analysis, it is known that financial leverage
has a significant positive effect on ROE and PBV, Asset Growth has a negative and
insignificant effect on ROE and PBV, ROE has a positive and significant effect on PBV.
ROE is able to mediate the effect of financial leverage on firm value. And ROE is not able
to mediate the effect of asset growth on firm value. Manufacturing companies are
expected to be more careful in making decisions regarding dividend policy because it can
affect firm value.
Key words: Financial Leverage, Asset Growth, Profitability, and Firm Value
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