Abstract:The level of firms’s ability to create value relative to invested capital (LACVIC) is proxied by Price to Book Value Ratio. Price to Book Ratio is also a proxy of firm value. The purpose of this study was to examine the effect of growth, profitability, size and assets tangibility on the level of firm’s ability to create value with probability of financial distress as an intervening variable. This study was conducted on public companies in Indonesia during the periods of 2013 – 2017. The panel data were analyze… Show more
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