ANALISIS PENGARUH DER CR DAN TATO TERHADAP PBV DENGAN ROA SEBAGAI VARIABEL INTERVENING (Studi pada Perusahaan Properti dan Real Estate yang Terdaftar pada BEI Tahun 2011 – 2014)
Abstract: The aim of this
research is to identify and analyze the determinant of Price to Book Value (PBV)
in Property and
Real Estate Firm
which is listed on
Indonesia Stock Exchange (IDX)
period of 2011-2014. Price to Book Value (PBV) is dependent variabel in this
research. There are three independent variables that used, which are Debt to
Equity Ratio, Current Ratio, Total Asset Turnover, and an intervening variabel
which is Return on Asset.
The population used in the study is all companies engaged in Property and
Real Estate Firm which is listed on Indonesia Stock Exchange (IDX) period of
2011-2014. Therefore total population
obtained is 35
companies. Sampling in
this study using purposive sampling which resulted in a
sample into 26 companies of Property and Real Estate sectors. Data analysis
method used multiple linear regression analysis and using classical assumption
test with path analysis using SPSS program.
The result of this research show that Current Ratio (CR) has negative
influance not significant to Price
to Book Value
(PBV), Debt to
Equity Ratio (DER),
Total Asset Turnover (TATO), and
Return on Asset (ROA) have positive influance significant to Price to Book
Value (PBV). Return on Asset (ROA) can mediate influance beetwen variable
independent Debt to Equity Ratio (DER) andTotal Asset Turnover (TATO) to Price
to Book Value (PBV). But Return on Asset (ROA) can not mediate influance
beetwen Current Ratio (CR) to Price to Book Value (PBV).
Keywords: Debt to Equity Ratio
(DER), Current Ratio (CR), Total Asset Turnover (TATO), Return on Asset (ROA)
and Price to Book Value (PBV)
Penulis: Medy Misran, Mochamad
Chabachib
Kode Jurnal: jpmanajemendd170868
