CD Tesis

Analisis Pengaruh Financial Distress Dan Firm Size Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Intervening Pada Perusahaan Property Dan Real Estate Yang Terdaftar Pada Bursa Efek Indonesia Tahun 2016 - 2020

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Development of the property and real estate sector during the 2016-2020
period shows an interesting phenomenon to study, where variations in changes in
company size and company value in the property and real estate sector are
theoretically inconsistent with each other. Research on the factors that affect the
value of the company results are still much debated. This research is a
development of previous research related to the relationship between financial
distress, firm size, firm value and profitability as previously done by Sitanding
(2018), Pratama (2016) and Tamarani (2015). This research was also conducted
because there were still differences or inconsistencies in the results of previous
studies related to the variables that the researchers used. The variables used in
this study are Financial Distress, Firm Size and Profitability.
This research was conducted on property and real estate sector companies
listed on the IDX in 2016-2020. The dependent variable in this study is firm value
as measured by Price to Book Value (PBV) and Tobin's Q. The independent
variable in this study is Financial distress as measured by the Altman Z-Score and
Zmijewski models, Firm Size variable is measured by Natural Logarithm (Ln ) of
total assets and total sales. The intervening or mediating variable is Profitability
as measured by Return on Assets (ROA) and Return on Equity (ROE). Sampling
was carried out using a purposive sampling method which resulted in 18
companies as research samples from a population of 48 companies. The research
method used in this research is Partial Least Square (PLS) analysis with the help
of SmartPLS version 3 software.
The results of the study show that financial distress has a negative and
significant effect on profitability; firm size has a positive and significant effect on
profitability; financial distress has no effect on firm value; firm size has no effect
on firm value; profitability has a positive and significant effect on firm value;
profitability can mediate the relationship between financial distress and firm
value; profitability cannot mediate the relationship between firm size and firm
value. The implication of this research is that in an effort to increase profits,
companies must reduce the risk of financial difficulties by controlling the capital
structure, such as reducing the amount of debt. The company can also increase
the number of assets and sales so that the company is able to invest and expand its
business more broadly in order to increase profits.
Key_words_: Financial Distress, Firm Size, Profitability, Firm Valu

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

1810246908

Penerbit

Pekanbaru : Universitas Riau – Pascasarjana – Tesis Akuntansi., 2023

Deskripsi Fisik

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Bahasa

Indonesia

ISBN/ISSN

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Klasifikasi

1810246908

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

Akuntansi

Info Detail Spesifik

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Pernyataan Tanggungjawab

FATAH

Versi lain/terkait

Lampiran Berkas

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