Friday, August 7, 2015

Pengaruh Total Asset Turnover dan Debt To Equity Ratio Terhadap Nilai Perusahaan Tobin’s Q Melalui Rentabilitas Ekonomi pada Perusahaan Pertambangan yang Listing di BEI Periode 2008—2011



This research aimed to (1) determine the influence of total asset turnover on firm value of Tobin's q and indirectly through economic profitability, (2) determine the influence of debt-to-equity ratio towards the the firm value of Tobin's Q and indirectly through economic profitability on mining companies during  2008 -2011. The type of this study falls under the category of associative causality. The population used in this study is all members of mining companies listed in BEI during 2008-2011. Yet, the samples used are 11 mining companies obtained through purposive sampling technique. Meanwhile, the data analysis techniques is done through path analysis in order to see the direct influence of exogenous variables, total asset turnover (X1) and debt-to-equity ratio (X2) toward endogenous variables that is firm’s value of Tobin's q (Y), and the indirect influence through intervening variable in the form of economic profitability (X3). Furthermore, the result findings of this study state that total asset turnover has no significant effinfluence on Tobin's Q firm value and total asset turnover as well as on economic profitability. Whereas, the debt-to-equity ratio has no influence on Tobin's Q firm value but indirectly influence through the economic profitability on mining companies listed in BEI during 2008-2011.

Pengaruh Current Ratio, Return On Asset, dan Return Of Equity terhadap Return Saham pada Perusahaan Food and Beverages yang Listing di BEI Periode 2010-2012




The purpose of this study is to determine the effect on stock returns current ratio, return on assets on stock returns, and return on equity on stock returns. There were internal factors of the company that is the current ratio, return on assets and return on equity that affected the stock return. The company profits that is achieved can be predicted through the return or shares in the capital market is influenced by the stock price in the market as well as the assessment of investors. This research is quantitative research that is used to examine the population or a particular sample. The results showed that the current ratio variable is not significant positive effect on stock returns. While the variable return on assets and return on equity has significantly positive effect on stock returns. The results of this for further researchers are they should seek liquidity factors other than current ratio because in this study current ratio had no effect on stock returns.

PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN, PERTUMBUHAN PENJUALAN, STRUKTUR ASET, NON-DEBT TAX SHIELD DAN USIA PERUSAHAAN TERHADAP STRUKTUR MODAL (Studi pada Perusahaan Makanan dan Minuman di BEI)



This study aimed to determine the effect of the fundamental variables of the company's capital structure included in the group of Indonesian food and beverage from 2009 to 2013 period. This study used a population selected using selection criteria and the population acquired 14 companies that deserve to be the population. The research sample used all companies included in the study population or sample selection techniques using saturated sample. The analysis method of the research is multiple regression linier. The variables used in this study were Profitability, Company’s Size, Sales Growth, Structure Assets, Non-Debt Tax Shield and Company’s Age. The results of this study indicated that the variable profitability and company’s age negatively affect the capital structure of food and beverage companies in Indonesia, while the size of the company, the structure of assets, and the sale have a positive effect on the capital structure of the food and beverage company in Indonesia. Variable non-debt tax shield (NDTS) does not affect the capital structure of food and beverage companies in Indonesia.