Fina Maulidyani
Fakultas Ekonomi dan Bisnis Universitas Mulawarman Samarinda, Indonesia

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Peran Grup Afiliasi dalam Memoderasi Pengaruh Hutang terhadap Nilai Perusahaan pada Perusahaan Property & Real Estate yang terdaftar di Bursa Efek Indonesia Fina Maulidyani; Set Asmapane; Ledy Setiawati
FORUM EKONOMI Vol 19, No 1 (2017): Maret
Publisher : Faculty of Economics and Business Mulawarman University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30872/jfor.v19i1.2113

Abstract

The objective of this research is to examine empirically the effect of Debt on Firm’s Value and the ability of Group Affiliation to moderate the effect of Debt toward Firm’s Value by using an approach simple linear regression and Moderated Regression Analysis (MRA). This research uses time series data in 2011 – 2015 for company's finance data that got from Indonesia Stock Exchange. Election Procedure sample uses purposive sampling and the result are existed 35 companies that fulfill criterion. The results show that Debt has positive effect on Firm’s Value, while Group Affiliation act as a moderating variable can reduce the effect of Debt toward Firm’s Value. The higher capability of group affiliation to take control of a company, the lower debt financing that company has.Keywords:     Debt Financing, Firm’s Value, Group Affiliation