Pengaruh Keputusan Pendanaan Terhadap Penciptaan Nilai Saham
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Date
2015-08-25
Authors
Mutiarawati Sutrisno, Denok
Journal Title
Journal ISSN
Volume Title
Publisher
Politeknik Negeri Batam
Abstract
The objective of this research are to test and to give an empiric evident about
influence between financing decision which measured by self financing, debt,
equity issue, growth, and profitability and shareholder value creation which
measured by economic value added (EVA), and market value added (MVA). Here
are 26 companies that are taken as the sample in this research. The object of this
research is companies that listed in Indonesia Stock Exchange (IDX) from 2009-
2013 with 130 data observation. Data are collected by using purposive sampling.
Hypothesis in this research are tested using panel data regression.
The result of this research showed that financing decision which measured by
self financing, debt, equity issue, growth, and profitability have a significant
effect of shareholders value which approach by EVA. Meanwhile growth have no
significant effect of shareholders value which approach by EVA. The next result
explained that the whole independent variable have a significant effect on
shareholders value which approach by MVA.
Description
Keywords
Manajemen Bisnis, Akuntansi Manajerial, Nilai Ekonomi, Market Value, Financing Decision, Shareholders Value, Economic Value