Pengaruh agresivitas pajak, profitabilitas, leverage, dan sales growth terhadap nilai perusahaan dengan kepemilikan institusional sebagai variabel moderasi = The effect of tax aggresiveness, profitability, leverage and sales growth on firm value with institutional ownership as moderating variables

Julien, Alvin Daniel (2021) Pengaruh agresivitas pajak, profitabilitas, leverage, dan sales growth terhadap nilai perusahaan dengan kepemilikan institusional sebagai variabel moderasi = The effect of tax aggresiveness, profitability, leverage and sales growth on firm value with institutional ownership as moderating variables. Bachelor thesis, Universitas Pelita Harapan.

	Text (Title) Title.pdf Restricted to Repository staff only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (1MB)
Preview	Text (Abstract) Abstract.pdf Available under License Creative Commons Attribution Non-commercial Share Alike. Download (190kB) | Preview
Preview	Text (ToC) ToC.pdf Available under License Creative Commons Attribution Non-commercial Share Alike. Download (749kB) | Preview
Preview	Text (Chapter 1) Chapter1.pdf Available under License Creative Commons Attribution Non-commercial Share Alike. Download (1MB) | Preview
	Text (Chapter 2) Chapter2.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (3MB)
	Text (Chapter 3) Chapter3.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (1MB)
	Text (Chapter 4) Chapter4.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (2MB)
	Text (Chapter 5) Chapter5.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (372kB)
Preview	Text (Bibliography) Bibliography.pdf Available under License Creative Commons Attribution Non-commercial Share Alike. Download (955kB) | Preview
	Text (Appendices) Appendices.pdf Restricted to Repository staff only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (3MB)

Abstract

Penelitian ini membahas mengenai pengaruh dari rasio keuangan terhadap nilai perusahaan dengan Kepemilikan Institusional sebagai pemoderasi. Dimana rasio keuangan yang digunakan dalam penelitian meliputi Effective Tax Rate, Return on Asset, Debt to Equity Ratio dan Sales Growth. Nilai perusahaan diproksikan dengan Price to Book Value atau PBV, serta variabel moderasi yaitu Kepemilikan Institusional diproksikan dengan jumlah saham yang dimiliki oleh pihak institusi. Penelitian ini menggunakan perusahaan manufaktur yang listing di BEI selama periode 2018-2020 dan data didapat dari S&P Capital IQ. Terdapat 165 perusahaan yang menjadi sampel dalam penelitian. Hasil yang diperoleh yaitu (a) ETR berpengaruh negatif dan tidak signifikan terhadap PBV, (b) ROA berpengaruh positif dan signifikan terhadap PBV, (c) DER berpengaruh negatif dan signifikan terhadap PBV, (d) Sales Growth berpengaruh negatif dan signifikan terhadap PBV, (e) Kepemilikan institusional dapat memoderasi hubungan ETR dengan PBV, (f) Kepemilikan institusional tidak dapat memoderasi hubungan ROA dengan PBV, (g) Kepemilikan institusional tidak dapat memoderasi hubungan DER dengan PBV, (h) Kepemilikan institusional tidak dapat memoderasi hubungan Sales Growth dengan PBV. / This study discusses the effect of Financial Ratios on Firm Value with Institutional Ownership as moderator. The financial ratios used in the study include Effective Tax Rate, Return on Asset, Debt to Equity Ratio dan Sales Growth. Firm value is proxied by Price to Book Value, and the moderating variable, namely Institutional Ownership, is proxied by number of shares owned by the institution. This research uses manufacturing companies that distribute positive dividends listed on the IDX during the 2018-2020 period and data obtained from S&P Capital IQ. There are 165 companies sampled in the study. The results obtained are (a) ETR has negative and not significant influence on PBV, (b) ROA has a positive and significant effect on PBV, (c) DER has negative and significant effect on PBV, (d) Sales Growth has negative and significant effect on PBV, (e) Institutional ownership can moderate the relationship between ETR and PBV, (f) Institutional ownership cannot moderate the relationship between ROA and PBV, (g) Institutional ownership cannot moderate the relationship between DER and PBV, (h) Institutional ownership cannot moderate the relationship between Sales Growth and PBV.

Actions (login required)

View Item