NILAI PERUSAHAAN: DAMPAK INTERAKSI ANTARA PROFITABILITAS DAN RISIKO FINANSIAL PADA PERUSAHAAN MANUFAKTUR
Program Pendidikan Profesi Akuntansi Universitas Kristen Maranatha
Jl. Prof. Drg. Suria Sumantri, MPH No.65, Bandung, 40164.
Korespondensi dengan Penulis:
Meythi: Telp. +62 22 201 2186 Ext.1528; Fax: +62 22 201 7625
This research was aimed to examine and find out the empirical evidence of the impact of the interaction between profitability and financial risk on firm value. Samples used in this research were manufactured companies listed in Indonesia Stock Exchange in 5 years observation period (2007-2012). The total samples were 31 companies. Sample election was done by using the purposive sampling method. The result of moderated regression analysis (MRA) showed that there was no interaction effect between profitability and financial risk on firm value. Thus, the hypothesis of the research was not empirically supported.
Key words: financial risk, firm value, leverage, market to book ratio, net profit margin, profitability