PENGARUH LEVERAGE MELALUI INVESTASI TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SUB SEKTOR SEMEN DI BURSA EFEK INDONESIA PERIODE 2014-2019

DIANA, DIANA (2021) PENGARUH LEVERAGE MELALUI INVESTASI TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SUB SEKTOR SEMEN DI BURSA EFEK INDONESIA PERIODE 2014-2019. skripsi thesis, Universitas Batanghari.

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Abstract

ABSTRACT DIANA / 1600861201130 / Manajemen / 2021 l The Effect of Leverage though Investment on Firm Value in the Cement Sub-Sector on the Indonesia Stock Exchange Period 2014-2019 / Supervisor I Dr. Hj. Arna Suryani, SE, M.Ak, Ak, CA / Supervisor II Amilia Paramita Sari, SE, M.Si. This study aims to examine and the effect of leverage though investment on firm value in the cement sub-sector on the Indonesia stock exchange period 2014- 2019. This research is not only used to the effects simultaneously and partially but also the direct and indirect effects. This research used secondary data and the type of data msed is quantitative data. The data collection method is by Iibrary research. The analysis of this study uses path analysis with the SPSS v.22 program. This research used samples of the cement sub-sector which is listed on the Indonesia stock exchange. And were selected as many as 4 companies. The companies is PT. 1ndocement Tunggal Prakarsa Tbk. (INTP), PT. Semen Baturaja Tbk. (SMBR), PT. Semen Indonesia Tbk. (SMGR), PT. Wijaya Karya Beton Tbk. (WTON). Sampling companies usimg a purposive sampling method and the research sample was 24 observations. The result of the research show that debt to equity ratio and debt to asset ratio no simultaneously significant effect on investment, and by direct no significant effect and positive value on inve.stment. Debt to equity ratio and debt to asset ratio no simultaneously significant effect on price to book value. And debt to equity ratio and debt to asset ratio by direct significant effect and positive value on price to book value. Based on the result of investment no significant effect on price to book value. The result of the path analysis test is the total effect of leverage though investment on firm value is 32,4%, so debt to equity ratio and debt to asset ratio though Accounting Rate of Return has effect and positive value on frim value (price to book value) in cement sub-sector companies listed on the Indonesia Stock Exchange period 2014-2019. v

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