v ABSTRAK
Marthalina, 2023 : Pengaruh Current Ratio, Debt to Equity Ratio, dan Return On Asset Terhadap Price to Book Value dengan Kepemilikan Manajerial Sebagai Variabel Moderasi Pada Perusahaan Sektor Keuangan Yang Terdaftar di Bursa Efek Indonesia Periode 2017-2021.
Pembimbing : Inge Lengga Sari Munthe, SE., Ak., M.Si., CA dan Ardiansyah, SE., M.Si
Price to book value merupakan rasio harga saham terhadap nilai buku perusahaan yang menunjukkan tingkat kemampuan suatu perusahaan dalam menciptakan nilai relatif terhadap jumlah modal yang akan diinvestasikan oleh investor. Penelitian ini bertujuan untuk mengetahui pengaruh current ratio, debt to equity ratio, dan return on asset terhadap price to book value dengan kepemilikan manajerial sebagai variabel moderasi pada perusahaan sektor keuangan yang terdaftar di bursa efek indonesia periode 2017-2021. Metode analisis yang digunakan adalah analisis regresi berganda dan Moderated Regression Analysis (MRA). Hasil penelitian menunjukan bahwa debt to equity ratio, return on asset, dan kepemilikan manajerial berpengaruh secara parsial terhadap price to book value. Sedangkan current ratio tidak berpengaruh secara parsial terhadap price to book value. Current ratio, debt to equity ratio, return on asset, dan kepemilikan manajerial berpengaruh secara simultan terhadap price to book value. Variabel independen dalam penelitian ini yaitu current ratio, debt to equity ratio, return on asset, dan kepemilikan manajerial mampu menjelaskan sebesar 35,5% terhadap variabel dependen yaitu price to book value dan sisanya dijelaskan oleh variabel lain diluar penelitian ini. Kepemilikan manajerial mampu memoderasi pengaruh return on asset terhadap price to book value. Namun, kepemilikan manajerial tidak mampu memoderasi pengaruh current ratio dan debt to equity ratio terhadap price to book value.
Kata kunci : price to book value, current ratio, debt to equity ratio, return on asset dan kepemilikan manajerial
vi ABSTRACT
Marthalina, 2023 : The effect of Current Ratio, Debt to Equity Ratio, and Return On Asset On Price to Book Value with Managerial Ownership as a Moderating Variable in Finance Companies listed on the Indonesia Stock Exhange for the 2017-2021 period.
Lecture : Inge Lengga Sari Munthe, SE., Ak., M.Si., CA dan Ardiansyah, SE., M.Si
Price to book value is the ratio of stock prices to the company’s book value that shows the level of ability of a company to create value relative to the amount of capital to be invested by investors. The study aims to determine the effect of current ratio, debt to equity ratio, and return on asset on price to book value with managerial ownership as a moderating variable in finance companies listed on the indonesia stock exhange for the 2017-2021 period. The analytical method used is multiple regression analysis and Moderated Regression Analysis (MRA). The result of the study show that the debt to equity ratio, return on asset, and managerial ownership have a partial effect on price to book value. Meanwhile, the current ratio has no partial effect on price to book value. Current ratio, debt to equity ratio, return on assets, and managerial ownership simultaneously affect price to book value. The independent variables in this study, namely the current ratio, debt to equity ratio, return on assets, and managerial ownership, were able to explain 35.5% of the dependent variable, namely price to book value and the rest were explained by other variables outside this study.Managerial ownership is able to moderate the effect of return on asset on price to book value. However, managerial ownership is unable to moderate the effect of current ratio and debt to equity ratio on price to book value.
Keywords : price to book value, current ratio, debt to equity ratio, return on asset and managerial ownership
