PENGARUH KINERJA KEUANGAN TERHADAP PRICE BOOK VALUE (PBV) DAN DEBT EQUITY RATIO SEBAGAI VARIABEL MODERATING PADA PERUSAHAAN LQ 45 DI BURSA EFEK INDONESIA PERIODE TAHUN 2010 – 2014

Yeni Rahayu Supartiningsih, Kharis Raharjo, Rita Andini

Abstract


Their capital markets economic growth of a country will be more secure with the allocation of productive sectors to more productive sectors. Capital market has become one of the alternatives for the company to get funds into is an alternative option for companies to obtain investment funds so that companies selling shares on the stock market is increasing. The stock market is bought and sell it a variety / long-term financial instruments, such as debt, equities (stocks), deviratif instruments, and other instruments.
Research titled Effect of Financial Performance to Price Book Value and Debt Equity Ratio as moderating variables In the Company LQ 45 In Indonesia Stock Exchange. The research uses purposive sampling method random sampling. The population in this penelitihan Company amounted to 27 year period 2010- 2014.
Based on the results of research Return On Assets (ROA) affect the Price Book Value, this condition occurs because the ROA is the ratio of profit assets owned and usually no clue about the ability of the management company concerned in raising his opinion. The increase in ROA is also followed by an increase of shares - shares in the market concerned. These results support the research Sartono (2001). Return On Investment (ROI) affect the Price Book Value, ROI condition is that the growth prospects of the company shows that the better because of the potential for increased profits derived by an enterprise that will increase investor confidence. Additionally, it will simplify the management to attract capital in the form of shares Debt Equity Ratio affect the Price Book Value, this condition DER DER structure reflects higher the lower the confidence of investors who invest in shares. Return On Assets (ROA) and Return On Investment (ROI) to interact with the Debt Equity Ratio affect the Price Book Value. This condition occurs because the company would be able to produce earnings to common stock equity. Investors assume that management is able to raise ROA and ROI is usually no indication that the relevant management capabilities in raising his opinion.
Keywords: Return on Assets, Return In investmen, Debt Equity Ratio.

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