PENGARUH RETURN ON EQUITY TERHADAP NILAI PERUSAHAAN DENGAN DEWAN KOMISARIS INDEPENDEN DAN KOMITE AUDIT SEBAGAI VARIABEL PEMODERASI
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Institusion
Sekolah Tinggi Ilmu Ekonomi Perbanas Surabaya
Author
ARIANANDA, NANDYA DARWIS
Subject
657.042 - FINANCIAL ACCOUNTING
Datestamp
2017-07-04 10:18:44
Abstract :
The purpose of this study was to analyze financial performance as measured by Return on Equity (ROE) on firm value as measured by Tobin's Q as well as to analyze the Corporate Governance mechanism as a moderating variable. The aim of this research is to find empirical proof about (a) the influence of financial performance to firm value, (b) the influence of independent commissioners as moderating variable in the relationships between financial performance and firm value, (c) the influence of audit committee as moderating variable in relationships between financial performance and firm value. The sample of this research is mining firms which is listed on Indonesia Stock Exchange (IDX) over 2008-2011. The research sample are 10 firms with 39 observations. To analyzed the data using software SPSS ver. 16.0. The analysis methods of this research use simple regression analysis for hypothesis 1 and multiple regression analysis with the Moderated Regression Analysis (MRA) for hypothesis 2 and 3. The results of this research show that ROE have significant influence to Tobins Q, meanwhile the analysis with the moderating variable MRA shows that independent commissioners,audit committee can?t moderate in relation between ROE and Tobins Q. Keywords : ROE, Tobin?s Q, Independent Board of Commissioners, Audit Committee.
The purpose of this study was to analyze financial performance as measured by Return on Equity (ROE) on firm value as measured by Tobin's Q as well as to analyze the Corporate Governance mechanism as a moderating variable. The aim of this research is to find empirical proof about (a) the influence of financial performance to firm value, (b) the influence of independent commissioners as moderating variable in the relationships between financial performance and firm value, (c) the influence of audit committee as moderating variable in relationships between financial performance and firm value. The sample of this research is mining firms which is listed on Indonesia Stock Exchange (IDX) over 2008-2011. The research sample are 10 firms with 39 observations. To analyzed the data using software SPSS ver. 16.0. The analysis methods of this research use simple regression analysis for hypothesis 1 and multiple regression analysis with the Moderated Regression Analysis (MRA) for hypothesis 2 and 3. The results of this research show that ROE have significant influence to Tobins Q, meanwhile the analysis with the moderating variable MRA shows that independent commissioners,audit committee can?t moderate in relation between ROE and Tobins Q. Keywords : ROE, Tobin?s Q, Independent Board of Commissioners, Audit Committee.
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