The Role of Profitability as an Intervening Variable on Analysis Impact of Debt Policy, Company Growth on Firm Value of Property and Real Estate Listed In Indonesia Stock Exchange

Burhanuddin, Burhanuddin and Widiyanti, Marlina and Taufik, Taufik (2019) The Role of Profitability as an Intervening Variable on Analysis Impact of Debt Policy, Company Growth on Firm Value of Property and Real Estate Listed In Indonesia Stock Exchange. International Journal of Scientific Research and Engineering Development, 2 (1). pp. 312-324. ISSN 2581-7175

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Abstract

This study aims to analyze the impact of debt to equity ratio, asset growth on price book value with return on assets as a mediator in 34 property and real estate companies in the 2014-2017 period on the Indonesia Stock Exchange. This research method uses path analysis. The results showed that the debt to equity ratio and asset growth did not have a significant effect on the profitability of the company. While the debt to equity ratio and return on assets have a positive and significant effect on firm value meanwhile the growth of the company does not have a significant effect on firm value. Furthermore, return on assets does not mediate the relationship between debt to equity ratio and price book value while return on assets mediates the relationship between asset growth and price book value. The results of this study are expected to be used by companies to determine a more optimal capital structure. This research is only limited to property and real estate companies, for which further research is expected to expand the observation period and the variables studied.

Item Type:	Article
Subjects:	#3 Repository of Lecturer Academic Credit Systems (TPAK) > Articles Access for TPAK (Not Open Sources)
Divisions:	01-Faculty of Economics > 61201-Management (S1)
Depositing User:	Tn Taufik Taufik
Date Deposited:	11 May 2023 15:22
Last Modified:	11 May 2023 15:22
URI:	http://repository.unsri.ac.id/id/eprint/102102

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