ANALISIS PENGARUH STRUKTUR MODAL, PERTUMBUHAN PENJUALAN, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING (Studi Kasus Pada Perusahaan Real Estate dan Properti yang Terdaftar di BEI Tahun 2010-2014)
ABSTRACT: This
research aims to analyze the effect of capital structure (DER), sales growth, and
firm size of firm value (PBV) and profitability (ROE) as an intervening
variable. The data used in this study were obtained from financial statements
of the real estate and property company that is listed on the Indonesia Stock
Exchange in 2010-2014. This study uses secondary data. The selection of the
sample using a purposive sampling tecnique and using 32 companies. The analysis
technique used is Path Analyst which is a development of the bivariate and
multiple regression analysis.
The results of this study
showed that capital structure and growth sales have a positive effect and
significant to probability, firm size has a negative effect and insignificant
to profitability. Probability and capital structure have a positive effect and significant
to firm value. Growth Sales and firm size have a negative effect and insignificant
to firm value. Profitability is able to mediate the effect of capital structure
and growth sales on firm value. But profitability is not able to mediate the
effect of firm size on firm value.
Keywords:
capital structure, growth sales, firm size, firm value, and profitability
Penulis: Dita Tessa Sampriani Limbong, Mochammad Chabachib
