Laurentia, Zhara Marchelina (2018) The Influence of Residual Income and Financial Performance on Firm Value (Empirical Study On Mining Sector Companies Listed In Indonesia Stock Exchange For 2012-2016). Sarjana thesis, Universitas Brawijaya.
Abstract
Tujuan dari penelitian ini adalah : (1) Mengetahui dan menjelaskan pengaruh Residual Income terhadap Nilai Perusahaan; (2) Mengetahui dan menjelaskan pengaruh Kinerja Keuangan terhadap Nilai Perusahaan. Penelitiaan ini menggunakan penelitian eksplanatif dengan pendekatan kuantitatif untuk mengalisa data penelitian. Variabel penelitian ini adalah : (1) Residual Income dengan indikator Net Profit After Tax (NOPAT) dan Biaya Modal; (2) Kinerja Keuangan dengan indikator Return on Assets (ROA) dan Return on Equity (ROE); (3) Nilai Perusahaan dengan indikator Harga Penutupan Saham dan Tobin’s Q. Total sampel adalah 13 Perusahaan Sektor Tambang yang Terdaftar di Bursa Efek Indonesia dan penelitian ini menggunakan purposive sampling dengan beberapa kriteria yang dibutuhkan. Data dikumpulkan dari Bursa Efek Indonesia dan dianalisis dengan analisis deskriptif dan analisis Partial Least Square (PLS) dengan program SmartPLS3 untuk windows. Menggunakan analisis Partial Least Square (PLS), telah ditemukan bahwa : (1) pengaruh pengujian antara Residual Income terhadap Nilai Perusahaan diperoleh nilai Inner Loading 0.633 dengan nilai t-statistic 10.487dan p-value 0.000. Menunjukkan bahwa Residual Income berpengaruh signifikan terhadap Nilai Perusahaan selama nilai t-statistic >1.96 dan p-value <0.05. Indikator Net Operating Profit After Tax (NOPAT) nilai Outer Loading 1.00 dengan t-statistic 120.480 dan p-value 0.000 dan indikator Cost Capital nilai Outer Loading 0.568 dengan t-statistic 4.197 dan p-value 0.000, demikian NOPAT dan Cost Capital berpengaruh signifikan untuk menghitung Residual Income; (2) Pengaruh pengujian antara Kinerja Keuangan terhadap Nilai Perusahaan diperoleh nilai Inner Loading 0.294 dengan nilai t-statistic 3.563 dan p-value 0.000. Menunjukkan bahwa Kinerja Keuangan berpengaruh signifikan terhadap Nilai Perusahaan selama nilai t-statistic >1.96 dan p-value <0.05. Indikator Return on Assets (ROA) memiliki nilai Outer Loading 0.948 dengan nilai t-statistic 6.884 dan p-value 0.000. dan indikator Return on Equity (ROE) memiliki nilai Outer Loading 0.865 dengan nilai t-statistic 10.543 dan p-value 0.000. Selama nilai tstatistic >1.96 dan p-value <0.05, demikian ROA dan ROE berpengaruh signifikan untuk menghitung Kinerja Keuangan.
English Abstract
The objectives of the research are : (1) to understanding and to explains the influence of Residual Income on firm value ; (2) to understanding and to explains the influence of Financial Performance on Firm Value. This research used explanatory research with quantitative approach to analyze the research data. The variables of the research are : (1) Residual Income with the indicator Net Operating Profit After Tax (NOPAT) and Capital Cost; (2) Financial Performance with the indicator Return on Assets and Return; (3) Firm Value with the indicator Closing Price and Tobin’s Q. Total sample were 13 Mining Sector Companies listed in Indonesia Stock Exchange and this research used purposive sampling with some criteria which are determined. Data were collected from Indonesian Stock Exchange and analyzed by descriptive analysis and Partial Least Square (PLS) analysis with SmartPLS3 program for windows. Using Partial Least Square (PLS) analysis, it was found that : (1) Testing influence between Residual Income on Firm Value obtained inner loading value of 0.633 with t-statistic value of 10.487 and p-value of 0.000. It indicates that Residual Income has significant influence of Firm Value since t-statistic value > 1.96 and p-value <0.05. Indicator of Net Operating Profit After Tax (NOPAT) has outer loading values as 1.000 with t-statistic value as 120.480 and p-value 0.00 and Indicator Cost Capital has outer loading value as 0.568 with t-statistic value as 4.197 and p-value as 0.000, thus NOPAT and Cost Capital has significant influence to measure Residual Income; (2) Testing influence between Financial Performance on Firm Value obtained inner loading value of 0.294 with t-statistic 3.563 and p-value of 0.000. it indicates that Financial Performance has significant influence of Firm Value since t-statistic value > 1.96 and p-value <0.05. Indicator of Return on Assets (ROA) has outer loading value as 0.948 with t-statistic value as 16.884 and p-value as 0.000. Since t-statistic value > 1.96 and p-value <0.05, thus Return on Assets (ROA) has significant influence to measure Financial Performance and Indicator Return on Equity (ROE) has outer loading values as 0.865 with t-statistic 10.534 and p-value as 0.000. since t-statistic > 1.96 and pvalue <0.05, thus Return on Equity has significant influence to measure Financial Performance.
| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | SKR/FIA/2018/632/051808309 |
| Uncontrolled Keywords: | Residual Income, Kinerja Keuangan, Nilai Perusahaan-Residual Income, Financial Performance, Firm Value |
| Subjects: | 300 Social sciences > 338 Production > 338.6 Organization of production > 338.604 Special topics of organization of production > 338.604 1 Finance |
| Divisions: | Fakultas Ilmu Administrasi > Ilmu Administrasi Bisnis / Niaga |
| Depositing User: | Sugeng Moelyono |
| Date Deposited: | 27 May 2019 01:17 |
| Last Modified: | 25 Oct 2021 08:44 |
| URI: | http://repository.ub.ac.id/id/eprint/162489 |
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