ANALISIS PENGARUH TATO, WCTO, DAN DER TERHADAP NILAI PERUSAHAAN DENGAN ROA SEBAGAI VARIABEL INTERVENING (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode Tahun 2009-2013)

Rahmawati Budi Utami; Prasetiono Prasetiono

doi:10.14710/jsmo.v13i1.13411

DOI: https://doi.org/10.14710/jsmo.v13i1.13411

ANALISIS PENGARUH TATO, WCTO, DAN DER TERHADAP NILAI PERUSAHAAN DENGAN ROA SEBAGAI VARIABEL INTERVENING (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode Tahun 2009-2013)

Rahmawati Budi Utami , Prasetiono Prasetiono

Diponegoro University, Indonesia

Citation Format:

Abstract

The aims of this research is to examine the direct effect and indirect effect of Total Asset
Turnover, Working Capital Turnover, Debt to Equity Ratio on Firm Value with Return
On Asset as an intervening variable.
This research sample is manufacturing companies listed in the Indonesia Stock Exchange
(IDX) period 2009-2013 by using purposive sampling method. There are 64
manufacturing companies selected as sample. The method of analysis used is Path
Analysis, the development of multiple linear regression.
Using multiple regression analysis, it is known that TATO has positive significant effect
on ROA. WCTO and DER has negative significant effect on ROA. TATO has positive not
significant effect on Firm Value. WCTO has negative significant effect on Firm Value.
DER and ROA has positive significant effect on Firm Value. The result of path analysis
showed that TATO influence Firm Value through ROA. Besides, it was found that the
value of the adjusted R square for the equation ROA is 25,3% while the value of the
adjusted R square for the equation PBV is 39,7%.

Keywords: Total Asset Turnover (TATO), Working Capital Turnover (WCTO), Debt to
Equity Ratio (DER), Return On Asset (ROA), Firm Value

Fulltext View|Download

Article Metrics:

Article Info

Section: Research Article

Language : EN

In Vol 13, No 1 (2016)

Recent articles

ANALISIS PEMETAAN BUDAYA ORGANISASI MENNGGUNAKAN ORGANIZATIONAL CULTURE ASSESSMENT INSTRUMENT (OCAI) PADA FAKULTAS EKONOMIKA DAN BISNIS UNIVERSITAS DIPONEGORO PENGARUH KECERDASAN INTELEKTUAL, KECERDASAN EMOSIONAL, DAN LINGKUNGAN KERJA TERHADAP KINERJA KARYAWAN PT. PLN PERSERO AREA KLATEN ANALISIS PENGARUH KUALITAS PRODUK DAN CITRA MEREK TERHADAP KEPUTUSAN PEMBELIAN CETAKAN CONTINUOUS FORM MELALUI KEPERCAYAAN MEREK (Studi pada Percetakan Jadi Jaya Group, Semarang) More recent articles

Most cited articles

MEMBANGUN KEUNGGULAN KOMPETITIF MELALUI ALIANSI STRATEJIK UNTUK MENINGKATKAN KINERJA PERUSAHAAN (STUDI KASUS PADA PT. POS INDONESIA WILAYAH VI JATENG DAN DIY) ANALISIS FAKTOR-FAKTOR ORIENTASI PASAR YANG MEMPENGARUHI KUALITAS LAYANAN DAN RELEVANSINYA TERHADAP KINERJA PERUSAHAAN STUDI MENGENAI ORIENTASI INOVASI, PENGEMBANGAN PRODUK DAN EFEKTIFITAS PROMOSI SEBAGAI SEBUAH STRATEGI UNTUK MENINGKATKAN KINERJA PRODUK Analisis Pengaruh Persepsi Kemudahan Penggunaan dan Persepsi Manfaat terhadap Minat Beli dengan Kepercayaan Sebagai Variabel Intervening (Studi pada Pengunjung Toko Online berrybenka.com di Kalangan Mahasiswa Universitas Diponegoro) KONSEP, IDENTIFIKASI, ALAT ANALISIS DAN MASALAH PENGGUNAAN VARIABEL MODERATOR More cited articles

Last update:

The influence of company characteristics, intellectual capital, and CSR toward company values on companies listed on BEI in 2014 to 2017
F H Rusgowanto, R R Panggabean. IOP Conference Series: Earth and Environmental Science, 729 (1), 2021. doi: 10.1088/1755-1315/729/1/012112
AFFECTING FACTORS VALUE OF AUTOMOTIVE SECTOR MANUFACTURING COMPANY WITH DIVIDEND POLICY INTERVENING IN INDONESIA (STUDY AT PT ASTRA INTERNATIONAL TBK. PERIOD 2014-2021)
Yoyo Sudaryo, Gurawan Dayona Ismail, Riyandi Nur Sumawidjaja, Nunung Ayu Sofiati Efi, Asyifa Khoerunnisa, Mohd Hassan Che Haat, Rama Chandra Jaya, Nandan Limakrisna. International Journal of Research -GRANTHAALAYAH, 10 (11), 2022. doi: 10.29121/granthaalayah.v10.i11.2022.4859

Last update: 2025-08-10 17:07:24

No citation recorded.

In order to be accepted and published by Jurnal Studi Manajemen Organisasi, the author (s) who submit a manuscript should complete the review process. Jurnal Studi Manajemen Organisasi articles are distributed under a Creative Commons Attribution-ShareAlike 4.0 International License (CC BY-SA 4.0). Articles can be read, shared, and adapted even for commercial purposes under the following conditions:

Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
ShareAlike — If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.
No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.

The copyright of received articles is assigned to the author (s). The author (s) have the right to the articles that have been published. The Editorial Team of Jurnal Studi Manajemen Organisasi and the Author(s) strive to ensure that no errors occur in the articles that have been published, both data errors and statements in the articles. Authors who publish in this journal agree to the following terms:

Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License (CC BY-SA 4.0) that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
The journal allows the authors to hold the copyright and retain publishing rights without restrictions.
Authors can enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.

Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before and during submission, as it can lead to productive exchanges and earlier and greater citation of published work.