MODEL PENCIPTAAN NILAI TAMBAH EKONOMIS
DAN NILAI PERUSAHAAN
Jurusan Administrasi Bisnis – FISIP Universitas Lampung
Jl.Prof.Sumantri Brojonegoro No.1, Gedong Meneng, Bandarlampung, 35145
Telp. +62 721 483 83, Fax. +62 721 432 42
This research test and macroeconomic analyze influence to the firms characteristic, capital structure, value-based management and value of the firms. This research conducted at the firms of SWA 100 value creators among year 2002 – 2006 in Stock Exchange Indonesia (BEI). This research use analysis of Structural Equation Modeling (SEM). Result of analysis use modeling equation structural (SEM) of indicating that there is influence of macroeconomic significant to characteristic of the firms, macroeconomic have effect significant to value-based management and macro economics have effect significant to value of the firms. Characteristic of the firms have effect significant to value based management and characteristic of the firms have effect significant to value of the firms. Capital structure have effect significant to value based management, capital structure have effect significant to value of the firms and Value-based Management have effect to value of the firms. While macro economics do not significant to macro economics, characteristic of the firms do not significant to capital structure, so also value-based management do not significant to value of the firms.
Key words: macroeconomic, firm’s characteristic, capital structure, value-based management, corporate value.