KEBIJAKAN HUTANG, PROFITABLITAS, DAN MANAJEMEN ASET TERHADAP NILAI PERUSAHAAN | Zendy

Fatimah Kurniawati Putri | Zendy; Brady Rikumahu | Zendy; Wiwin Aminah | Zendy

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KEBIJAKAN HUTANG, PROFITABLITAS, DAN MANAJEMEN ASET TERHADAP NILAI PERUSAHAAN

Author(s) -

Fatimah Kurniawati Putri,

Brady Rikumahu,

Wiwin Aminah

Publication year - 2018

Publication title -

jrak

Language(s) - English

Resource type - Journals

eISSN - 2597-6826

pISSN - 2088-5091

DOI - 10.23969/jrak.v10i2.1371

Subject(s) - debt to equity ratio , asset turnover , return on equity , profitability index , business , nonprobability sampling , debt ratio , return on assets , enterprise value , panel data , population , debt , accounting , econometrics , economics , finance , demography , sociology

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.

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