Open AccessPeran Grup Afiliasi dalam Memoderasi Pengaruh Hutang terhadap Nilai Perusahaan pada Perusahaan Property & Real Estate yang terdaftar di Bursa Efek Indonesia
Author(s) -
Fina Maulidyani,
Set Asmapane,
Ledy Setiawati
Publication year - 2017
Publication title -
jurnal ekonomi, manajemen dan akuntansi forum ekonomi/forum ekonomi
Language(s) - English
Resource type - Journals
eISSN - 2528-150X
pISSN - 1411-1713
DOI - 10.29264/jfor.v19i1.2113
Subject(s) - enterprise value , stock exchange , nonprobability sampling , business , debt , real estate , value (mathematics) , simple linear regression , business administration , regression analysis , debt ratio , economics , accounting , finance , population , statistics , mathematics , demography , sociology
The objective of this research is to examine empirically the effect of Debt on Firm’s Value and the ability of Group Affiliation to moderate the effect of Debt toward Firm’s Value by using an approach simple linear regression and Moderated Regression Analysis (MRA). This research uses time series data in 2011 – 2015 for company's finance data that got from Indonesia Stock Exchange. Election Procedure sample uses purposive sampling and the result are existed 35 companies that fulfill criterion. The results show that Debt has positive effect on Firm’s Value, while Group Affiliation act as a moderating variable can reduce the effect of Debt toward Firm’s Value. The higher capability of group affiliation to take control of a company, the lower debt financing that company has.Keywords: Debt Financing, Firm’s Value, Group Affiliation