Pengaruh debt to equity ratio dan total asset turn over terhadap price to book value dengan return on asset sebagai variabel intervening

  • Radiman Radiman Universitas Muhammadiyah Sumatera Utara

Abstract


  • PurposesĀ - This study aims to determine and analyze the effect of Debt to Equity Ratio and Total Asset Turn Over on Value of Book Value with Return On Assets as an intervening variable on Property & Real Estate companies mentioned on the Indonesia Stock Exchange.

  • MethodsĀ - This study uses associative approach approach. The population used in this study are 48 Property & Real Estate companies listed on the Indonesia Stock Exchange. While the samples taken were 10 companies using purposive sampling. To obtain the data needed in this study, the author uses documentation techniques from the data published by the company on the official website of IDX www.idx.co.id. As well as annual reports owned by the company. Data analysis techniques in this study are using path analysis, classical assumption test, multiple linear regression, t test, multiple test (Sobel test), F test and coefficient of determination.

  • FindingsĀ - The results of this study indicate partially that the Debt to equity Ratio has a negative and significant effect on Return on Assets. Total Asset Turn Over has no significant effect and positive direction on return on Asset. Debt to Equity Ratio has no significant influence and positive direction on Price to Book Value. Total Asset Turn Over has no effect on Price to Book Value. Simultaneously there is a significant influence between Debt to Equity Ratio and Total Asset Turn Over to Price to Book Value. Return On Asset cannot mediate the influence of Debt to Equity Ratio on Price to Book Value. and Return On Asset cannot mediate the effect of Total Turnover Assets on Price to Book Value on Property & Real Estate Companies listed on the Indonesia Stock Exchange.

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Published
2018-11-04
How to Cite
RADIMAN, Radiman. Pengaruh debt to equity ratio dan total asset turn over terhadap price to book value dengan return on asset sebagai variabel intervening. Jurnal Riset Finansial Bisnis, [S.l.], v. 2, n. 3, nov. 2018. ISSN 2597-3991. Available at: <http://ejurnal.id/index.php/jrfb/article/view/202>. Date accessed: 19 nov. 2018.
Section
Articles