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.
Friday, August 7, 2015
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.
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