Pengaruh Kinerja Hutang Terhadap Nilai Perusahaan pada Perusahaan Pertambangan Batubara yang Terdaftar di BEI Periode 2010-2013
Abstract: The primary goal of
the company is to maximize firm value. Firm value is investor perception of the
company's success rate, it is often associated with stock prices. This research
aim to examine the effect of leverage towards the value of the company in the
coal mining companies which listed on the Indonesia Stock Exchange with periods
2010-2011. The hypothesis was leverage has negative effect on firm value. This
research uses secondary data, of the coal mining companies which listed on BEI
with periods 2010-2013. Research sample of 15 companies, where the method used
is purposive sampling is a sampling method that takes an object with the
specified criteria. Leverage are measured using Debt to Equity Ratio (DER) and
Debt to Asset Ratio (DAR). Meanwhile, firm value is measured using Price
Earning Ratio (PER). Analysis of the data used to analyze the factor that
affect firm value is simple linier regression analysis and hypothesis test used
the t-statistic for testing the partial regression coeffiecient at level of
significant 5%. The results of this research finds leverage (DER) has negative
significant effect on firm value (PER) with predictive ability is 6,8% and it
shown by R square, and leverage (DAR) has negative significant effect on firm
value (PER) with predictive ability is 7,2% and it shown by R square.
Keywords: Leverage; Debt to
Equity Ratio (DER); Debt Asset Ratio (DAR); firm value; and Price Earning Ratio
(PER)
Penulis: Khairudin, Rico Tanto
Kode Jurnal: jpakuntansidd150615
