Analisis Pengaruh Profitabilitas, Size dan Sales Growth terhadap Nilai Perusahaan dengan Struktur Modal sebagai Variabel Intervening (Analisis Data Panel pada Perusahaan Pertambangan yang terdaftar di BEI tahun 2010-2013)

Abstract

This study is performed to examine the effect of profitability, size, and sales growth toward leverage to impact company value. The objective of this study is to scale and analyze the effect of the company financial ratios performance (profitability, size, and sales growth) toward leverage to impact company value in mining company that listed in Bursa Efek Indonesia over period 2010-2013. Sampling technique used here is pusposive sampling. The data is obtained based on Indonesian Capital Market Directory (ICMD). It is gained sample amount of 25 data. The analysis technique used here is multiple regression with the least square difference and hypothesis test using t-statistic to examine partial regression coefficient and f-statistic to examine the mean of mutual effect with level of significance 5%. In addition, classical assumption is also performed including normality test, multicolinearity test, and heteroscedasticity test. During 2010-2013 period show as deviation has not founded this indicate classical assumption that the available data has fulfill the condition to use multi linier regression model. Empirical evidence show that profitability and size have influences toward leverage at level of significance less than 5%. Size, Sales Growth and Leverage also have influence toward company value at level of significance less than 5%.