The aims of this research is to examine the direct effect and indirect effect of Total AssetTurnover, Working Capital Turnover, Debt to Equity Ratio on Firm Value with ReturnOn Asset as an intervening variable.This research sample is manufacturing companies listed in the Indonesia Stock Exchange(IDX) period 2009-2013 by using purposive sampling method. There are 64manufacturing companies selected as sample. The method of analysis used is PathAnalysis, the development of multiple linear regression.Using multiple regression analysis, it is known that TATO has positive significant effecton ROA. WCTO and DER has negative significant effect on ROA. TATO has positive notsignificant effect on Firm Value. WCTO has negative significant effect on Firm Value.DER and ROA has positive significant effect on Firm Value. The result of path analysisshowed that TATO influence Firm Value through ROA. Besides, it was found that thevalue of the adjusted R square for the equation ROA is 25,3% while the value of theadjusted R square for the equation PBV is 39,7%.Keywords: Total Asset Turnover (TATO), Working Capital Turnover (WCTO), Debt toEquity Ratio (DER), Return On Asset (ROA), Firm Value
The existence of different levels of bank’s performance in each Indonesian banks and the existence of banks with under level performance makes research on the factors that influence bank’s performance becomes more important to be examined. The aim of the research is to analyze the effect of size, size, Non-performing Loan (NPL), Equity to Asset Ratio (EAR), Loan to Deposit Ratio (LDR), reserve requirement (GWM), labor productivity and market concentration (which is proxied by market share of each bank) on the performance of listed conventional banks in Indonesia. The bank’s performance in this research is measured by Return on Asset (ROA).The research sample used are 25 listed conventional banks in Indonesia for the 2014-2018 period. The data selection method used in this research is purposive sampling method. The hypothesis testing of this study using multiple linear regression analysis with SPSS 26 program.The study found that size, Equity to Asset Ratio (EAR), labor productivity and market share have a significant positive effect on bank’s performance. Non-performing Loan (NPL) have a significant negative effect on bank’s performance. Loan to Deposit Ratio (LDR) and Reserve requirement (GWM) have a positive but not significant effect on bank’s performance
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