PENGARUH CAPITAL EXPENDITURE (CAPEX) DAN STRUKTUR MODAL (DEBT TO EQUITY RATIO) TERHADAP NILAI PERUSAHAAN DENGAN INVESTMENT OPPORTUNITY SET SEBAGAI VARIABEL MODERASI (Studi Kasus pada Perusahaan Manufaktur Sektor Rokok di Bursa Efek Indonesia Periode 2010-2013)
| Main Author: | RISKI PURNAMASARI, WIEDYA |
|---|---|
| Format: | Thesis NonPeerReviewed Book |
| Bahasa: | ind |
| Terbitan: |
, 2015
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| Subjects: | |
| Online Access: |
https://eprints.untirta.ac.id/12748/1/PENGARUH%20CAPITAL%20EXPENDITURE%20%28CAPEX%29%20DAN%20STRUKTUR%20MODAL%20%28DEBT%20TO%20EQUITY%20RATIO%29%20TERHADAP%20NILAI%20PERUSAHAAN%20DENGAN%20INVESTMENT%20OPPORTUNITY%20SET.pdf https://eprints.untirta.ac.id/12748/ |
Daftar Isi:
- The cigarette industry is an industry that reaps much controversy to this day. The controversy occurred because of the pros and cons of the tobacco industry's business. There is support for the industry based on the sufficient level of contribution of the tobacco industry to state revenues as well as the still high public demand for cigarettes that make Indonesia as one of the market for the tobacco industry. Increased growth in cigarette production shows that the tobacco company is one of the most dynamic industries. Along with the development of economic change, various kinds of tobacco products has sprung up in Indonesia ranging from national to international cigarette. This study aims to determine how the influence of Capital Expenditure (CAPEX) and Capital Structure (Debt to Equity Ratio) of the Investment Company Value Opportunity Set (IOS) as moderating variables on cigarette companies listed in the Indonesia Stock Exchange (BEI) 2010-2013 , The method used in this study using Moderated Regression Analysis (MRA) is the regression testing with moderating variable by using the interaction test. Based on the results of studies using multiple linear regression analysis showed no significant difference between the Capital Expenditure (CAPEX) and Capital Structure (DER) with the Corporate Value (PBV), while based on the analysis Moderated Regression Analysis (MRA) test interaki between Capital Expenditure and Value Company (PBV) are moderated by the Investment Opportunity Set (MBVA) obtained results are however not significant interaction effect as measured from the value of the multiplication of Capital Expenditure and Value (PBV) of the Company Value (PBV) while interaki test between Capital Structure (Debt to Equity Ratio) (DER) and Value (PBV) are moderated by the Investment Opportunity Set (MBVA) obtained results are significant effect interaction measured by multiplying the value of the Capital Structure (Debt to Equity Ratio) (DER) and Value (PBV ) to Company Value (PBV).