Analisis Pengaruh Leverage Terhadap Nilai Perusahaan Pada Perusahaan Yang Melakukan Diversifikasi
The effect of financial leverage to the value of the firm is a relationship which is both interesting and important to be analyzed. Whether a financing from external capital market, which is shown by a high degree of leverage, will increase the value of the firm or on the contrary it will decrease t...
| Main Authors: | , |
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| Format: | Thesis |
| Published: |
[Yogyakarta] : Universitas Gadjah Mada
2012
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| Subjects: |
| _version_ | 1826045601545977856 |
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| author | , Deddy Irfandy , Prof. Dr. Jogiyanto Hartono, MBA. |
| author_facet | , Deddy Irfandy , Prof. Dr. Jogiyanto Hartono, MBA. |
| author_sort | , Deddy Irfandy |
| collection | UGM |
| description | The effect of financial leverage to the value of the firm is a relationship
which is both interesting and important to be analyzed. Whether a financing from
external capital market, which is shown by a high degree of leverage, will increase
the value of the firm or on the contrary it will decrease the value of the firm, or is
there any other factor which influence the relationship between leverage and the
value of the firm, these kind of questions need to have a thorough study so that the
stakeholder of the firm can have a reference for decision making to decide what is
the optimum ratio of leverage for their firm.
The main purpose of this study is to analyzed the effect of financial
leverage to the value of the firm, especially on a diversified firms. There are two
alternative hypotheses which will be proven in this study, the first hypotheses is
leverage having a positive significant effect to the value of the firm, and the
second hypotheses is the relationship between leverage and the value of the firm is
moderated by firm diversification, so that leverage should give a more positive
effect to the value of the firm in a diversified firm rather than in a non-diversified
firm. Data in this study are a secondary data which taken from Indonesia Stock
Exchange. Samples which being used in the study are taken by a purposive
sampling method.
To analyzed the effect of financial leverage to the value of the firm and to
analyzed whether there is a moderation effect of firm diversification on the
relationship between financial leverage and the value of the firm, this study is
using univariate and multivariate analysis with one-tail t-test and confidence
interval between 95% to 99%. The result of the study is proven that leverage is
having a positif significant effect to the value of the firm and also proven that
diversification is having a moderation effect to relationship between leverage and
the value of the firm. Leverage is proven to have more positive effect to the value
of the firm in a diversified firm rather than in a non-diversified firm. |
| first_indexed | 2024-03-13T22:39:37Z |
| format | Thesis |
| id | oai:generic.eprints.org:99592 |
| institution | Universiti Gadjah Mada |
| last_indexed | 2024-03-13T22:39:37Z |
| publishDate | 2012 |
| publisher | [Yogyakarta] : Universitas Gadjah Mada |
| record_format | dspace |
| spelling | oai:generic.eprints.org:995922016-03-04T08:46:10Z https://repository.ugm.ac.id/99592/ Analisis Pengaruh Leverage Terhadap Nilai Perusahaan Pada Perusahaan Yang Melakukan Diversifikasi , Deddy Irfandy , Prof. Dr. Jogiyanto Hartono, MBA. ETD The effect of financial leverage to the value of the firm is a relationship which is both interesting and important to be analyzed. Whether a financing from external capital market, which is shown by a high degree of leverage, will increase the value of the firm or on the contrary it will decrease the value of the firm, or is there any other factor which influence the relationship between leverage and the value of the firm, these kind of questions need to have a thorough study so that the stakeholder of the firm can have a reference for decision making to decide what is the optimum ratio of leverage for their firm. The main purpose of this study is to analyzed the effect of financial leverage to the value of the firm, especially on a diversified firms. There are two alternative hypotheses which will be proven in this study, the first hypotheses is leverage having a positive significant effect to the value of the firm, and the second hypotheses is the relationship between leverage and the value of the firm is moderated by firm diversification, so that leverage should give a more positive effect to the value of the firm in a diversified firm rather than in a non-diversified firm. Data in this study are a secondary data which taken from Indonesia Stock Exchange. Samples which being used in the study are taken by a purposive sampling method. To analyzed the effect of financial leverage to the value of the firm and to analyzed whether there is a moderation effect of firm diversification on the relationship between financial leverage and the value of the firm, this study is using univariate and multivariate analysis with one-tail t-test and confidence interval between 95% to 99%. The result of the study is proven that leverage is having a positif significant effect to the value of the firm and also proven that diversification is having a moderation effect to relationship between leverage and the value of the firm. Leverage is proven to have more positive effect to the value of the firm in a diversified firm rather than in a non-diversified firm. [Yogyakarta] : Universitas Gadjah Mada 2012 Thesis NonPeerReviewed , Deddy Irfandy and , Prof. Dr. Jogiyanto Hartono, MBA. (2012) Analisis Pengaruh Leverage Terhadap Nilai Perusahaan Pada Perusahaan Yang Melakukan Diversifikasi. UNSPECIFIED thesis, UNSPECIFIED. http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=55765 |
| spellingShingle | ETD , Deddy Irfandy , Prof. Dr. Jogiyanto Hartono, MBA. Analisis Pengaruh Leverage Terhadap Nilai Perusahaan Pada Perusahaan Yang Melakukan Diversifikasi |
| title | Analisis Pengaruh Leverage Terhadap Nilai Perusahaan Pada Perusahaan Yang Melakukan Diversifikasi |
| title_full | Analisis Pengaruh Leverage Terhadap Nilai Perusahaan Pada Perusahaan Yang Melakukan Diversifikasi |
| title_fullStr | Analisis Pengaruh Leverage Terhadap Nilai Perusahaan Pada Perusahaan Yang Melakukan Diversifikasi |
| title_full_unstemmed | Analisis Pengaruh Leverage Terhadap Nilai Perusahaan Pada Perusahaan Yang Melakukan Diversifikasi |
| title_short | Analisis Pengaruh Leverage Terhadap Nilai Perusahaan Pada Perusahaan Yang Melakukan Diversifikasi |
| title_sort | analisis pengaruh leverage terhadap nilai perusahaan pada perusahaan yang melakukan diversifikasi |
| topic | ETD |
| work_keys_str_mv | AT deddyirfandy analisispengaruhleverageterhadapnilaiperusahaanpadaperusahaanyangmelakukandiversifikasi AT profdrjogiyantohartonomba analisispengaruhleverageterhadapnilaiperusahaanpadaperusahaanyangmelakukandiversifikasi |