Pengaruh Tangible Asset, Roe, Firm Size, Liquidty Terhadap Price Book Value Dengan Struktur Modal Sebagai Variabel Intervening Pada Perusahaan Perbankan

Abstract

This study aims to examine and analyze the increase in the value of the company through its capital structure, asset tangibility, profitability, firm size, liquidity( Studies in Bank Go Public in Indoseia Stock Exchange 2012 -2016 ). To test these variabels, the researchers use the 22 companies that went in public Indosia Stock Exchange. This type of research is explanatory research, Tehknik data collection using documentary technique. The data used in this research are secondary data from financial statetements published by banking companies during 2012 -2016 Furthermore, the data collected was analyzed quantitatively by using multiple regression using Eviews program version 9.0. Based on the results of this study it can be concluded that the increase in corporate value is influenced by tangibility assets, ROE and Liquidity while firm Size does not affect the value of the company. DER as an intervening variable is capable of mediating ROE while tangibility assets, firm size, liquidity are not able to mediate against firm value.Keywords : tangibility assets, ROE ,firm size, liquidity,debt equity ratio and price book valueCorrespondence to : rizkaariiyanti@gmail.com ABSTRAK Penelitian ini bertujuan untuk menguji dan menganalisis peningkatan nilai perusahaan melalui struktur modal, tangibility assets, profitability, firm size, liquidity. (Studi Pada Bank Go Public di Bursa Efek Indonesia tahun 2012-2016). Untuk menguji variable tersebut, peneliti mengunakan 22 perusahaan yang go public di Bursa Efek Indonesia. Jenis penelitian yang digunakan adalah penelitian eksplanatori. Tehknik pengumpulan data menggunakan teknik dokumenter. Jenis data yang digunakan dalam penelitian ini adalah data sekunder berupa laporan keuangan yang dipublikasikan oleh perusahaan perbankan selama tahun 2012-2016. Selanjutnya data yang berhasil dikumpulkan di analisis secara kuantitatif dengan menggunakan regresi berganda dengan menggunakan program Eviews versi 9.0. Hasil penelitian secara silmultan menunjukkan bahwa variabel Tangibility assets tidak berpengaruh terhadap DER, Profitability berpengaruh signifikan terhadap DER, Firm size berpengaruh negatif signifikan terhadap DER, Liquidity tidak berpengaruh terhadap DER. Sedangkan Tangibility assets, Profitability, Firm Size, berpengaruh terhadap PBV, sedangkan Liquidity tidak berpengaruh terhadap PBV. DER ditemukan sebagai variabel mediasi yang memperkuat pengaruh Tangibility Assets, Profitability, Firm Size, Liquidity terhadap PBV perusahaan perbankan yang terdaftar di Bursa Efek Indonesia.Kata kunci : Tangibility Assets, Profitability, Firm Size, Liquidity, Debt Equity Ratio, Price Book Value.Korespondensi : rizkaariiyanti@gmail.com

Effect of Liquidity, Profitability, Firm Size on Firm Value with Capital Structure as Intervening Variable

“…In contrast, companies with small company sizes tend to be allocated to increase company assets and distribute fewer dividends. The results of this study support the results of research conducted by (Ariyanti 2019), (Patricia et al, 2018), (Siddik & Chabachib, 2017), stating that firm size has a positive and insignificant effect on firm value.…”

“…Meanwhile, other contradicting research results state that capital structure cannot mediate the intervening variable between firm size and firm value (See. Anjarwati et al, 2015;Ariyanti 2019;Djashan, 2019). The company's performance uses the Liquidity variable as proxied by the Current Ratio and Working Capital Total Asset indicators, which indicate the company's ability to meet short-term financial obligations on time.…”

“…Research related to liquidity on firm value, which states that liquidity has a positive and significant effect on firm value, is the conclusion according to (See. Yanti & Darmayanti, 2019;Juhandi et al, 2019;Marsha & Murtaqi, 2017;Putra & Sedana, 2019;Setiadharma & Machali, 2017;Ariyanti, 2019;Dewi et al, 2016). Meanwhile, other contradicting research results state that liquidity has a negative and insignificant effect on firm value, namely the conclusions according to (See.…”

“…Meanwhile, other contradicting research results state that capital structure cannot mediate into an intervening variable between liquidity and firm value (See. Wulandari 2013;Ariyanti, 2019;Dewi et al, 2016;Thaib, 2013;Dewantoro, 2017). Research related to profitability on firm value with capital structure as an intervening variable, which states that capital structure can mediate as an intervening variable (See.…”

“…Research related to profitability on firm value with capital structure as an intervening variable, which states that capital structure can mediate as an intervening variable (See. Warsono & Zoeboedi, 2019;Sari & Sedana, 2020;Putra & Sedana, 2019;Zuhroh, 2019;Ariyanti, 2019). Meanwhile, other contradicting research results state that capital structure cannot mediate the intervening variable between profitability and firm value (See.…”