Pengaruh Profitabilitas Dan Struktur Modal Terhadap Price To Boook Value Studi Kuantitatif Pada Pt Astra Internasional Tbk Periode 2009-2024
DOI:
https://doi.org/10.61722/jiem.v4i4.9362Keywords:
Keywords: Profitability, Capital Structure, Price to Book ValueAbstract
Abstract. The objective of this study is to determine the effect of Equity Profitability as proxied by Return on Equity (ROE) and Capital Structure as proxied by Debt to Equity Ratio (DER) on Price to Book Value (PBV) partially in a quantitative study on PT Astra International Tbk for the period 2009–2024, as well as to determine the simultaneous effect of Equity Profitability (ROE) and Capital Structure (DER) on Price to Book Value. This research employs a quantitative method with the assistance of SPSS 26 software. The results indicate that Equity Profitability proxied by ROE partially has no significant effect on Price to Book Value, with a significance value for the ROE variable (X1) of 0.506 ≥ 0.05. Capital Structure partially has a significant effect on Price to Book Value, with a significance value for the DER variable (X2) of 0.001 ≤ 0.05. Moreover, Equity Profitability and Capital Structure simultaneously have a significant effect on Price to Book Value, with a probability value of 0.000 ≤ 0.05.
Keywords: Profitability, Capital Structure, Price to Book Value
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