AFRE Accounting Financial Review
Vol 1, No 1 (2018): July

Stuktur Modal, Kinerja Perusahaan, dan Altman Z-Score Pengaruhnya Terhadap Ekspektasi Investor

Anton Ferry Ananda (Sekolah Tinggi Ilmu Ekonomi Kertanegara Malang)



Article Info

Publish Date
16 Aug 2018

Abstract

This study analyzes the influence of capital structure policy, Z Score company's performance against investor expectations. The study was conducted on the banking industry that went public on the IDX, the 2013-2014 research period. The sampling technique uses purposive sampling. The sample of research is 27 banks. The purpose of this research is to analyze the influence of capital structure policy, firm performance and Z Score proxy with Working Capital to Total Assets ratio, Retained Earnings Ratio to Total Assets, Ratio Earning Before Interest and Tax to Total Assets, Market Value of Equity to Book Value of Ratio Total Liability, the ratio of Sales to Total Assets to investor expectations in national banking. Analysis techniques used multiple linear regression. The research results show the policy of capital structure, company performance, Working Capital to Total Assets ratio, Retained Earnings Ratio to Total Assets, Market Value of Equity to Book Value of Total Liability ratio to investor's expectation. As for Z-score for Ratio Earning Before Interest and Tax to Total Assets and Sales to Total Assets ratio does not affect investors' expectations on national banking. DOI: https://doi.org/10.26905/afr.v1i1.2285

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Journal Info

Abbrev

afr

Publisher

Subject

Economics, Econometrics & Finance

Description

Accounting and Financial Review (AFRe), is a publication of Graduate School Program, University of Merdeka Malang. The journal is an article published continuously which is intended not only as a place to share ideas, study, and analysis but also as an information channel to improve and develop ...