ANALISIS PENGARUH LOAN TO DEPOSIT RATIO (LDR), RETURN ON ASSET (ROA) DAN CAPITAL ADEQUACY RATIO (CAR) TERHADAP NILAI PERUSAHAAN PERBANKAN DI BURSA EFEK INDONESIA
Abstract
The high value of the firm provides a positive expectation for investors because the company will be able to generate high profits, to achieve a high value of the firm company must have a healthy financial performance. This study aims to determine the effect of LDR, ROA and CAR to firm value.
The Population in this study is a commercial bank listed on Indonesia Stock Exchange (IDX). The sampling method is purposive sampling, based on predetermined criteria the number of samples is as much as 22 banking companies to publish financial statements in full during the period 2011-2015. The research data is secondary data obtained from the Indonesia Stock Exchange (www. idx.co.id) and Online Trading 2011-2015. Testing the hypothesis of the study used panel data regression analysis with the method of fixed effect models, with computer software tools program EViews8.1.
The results showed that: 1) LDR significant effect on the value of the firm, 2) ROA significant effect on the value of the firm, 3) CAR significant effect on the value of the firm.
The results showed that LDR, ROA and CAR significant effect on the value of the firm this means a healthy financial performance can provide added value to the value of the firm, reflected from the increased PBV values. Advised on the next research to add variables to be studied its effect on the value of the firm in addition to the three independent variables used in this study.
Keywords : LDR, ROA, CAR and Firm Value
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