Pengaruh kinerja keuangan pada masing-masing tahapan siklus kehidupan perusahaan terhadap investment opportunity set (IOS): Studi pada industri makanan dan minuman yang listing di Bursa Efek Indonesia periode 2007-2010

Layyina, Layyina (2012) Pengaruh kinerja keuangan pada masing-masing tahapan siklus kehidupan perusahaan terhadap investment opportunity set (IOS): Studi pada industri makanan dan minuman yang listing di Bursa Efek Indonesia periode 2007-2010. Undergraduate thesis, Universitas Islam Negeri Maulana Malik Ibrahim.

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Abstract

INDONESIA:

Pertumbuhan perusahaan merupakan suatu harapan penting yang diinginkan oleh pihak internal perusahaan yaitu manajemen maupun eksternal peusahaan seperti investor dan kreditur. Pertumbuhan diharapkan dapat memberikan aspek yang positif bagi perusahaan sehingga meningkatkan kesempatan berinvestasi di perusahaan tersebut. Nilai suatu perusahaan dapat diukur dengan investment opportunity set.setiap perusahaan akan mengalami siklus kehidupan yang mana dalam setiap siklus kehidupan tersebut perilaku kinerja keuangan akan berbeda. Penelitian ini bertujuan untuk mengetahui pengaruh secara simultan kinerja keuangan pada masing-masing tahapan siklus kehidupan terhadap investment opportunity set (IOS). IOS diproksikan dengan market to book value of asset.

Obyek penelitian ini adalah pada perusahaan industry makanan dan minuman selama periode 2007-2010. Analisis data menggunakan model regresi linier berganda. Analisis secara simultan dengan level of significant 5 % kinerja keuangan yang berupa rasio likuiditas, rasio leverage, rasio aktivitas dan rasio profitabilitas yang masing-masing diukur denagn indikator current rasio, debt to equity ratio, total asset turnover, dan return on investment. Tahapan yang diperoleh hanya ada tiga tahapan yaitu tahap ekspansi awal, ekspansi akhir dan mature.

Pada tahap ekspansi awal kinerja keuangan mempengaruhi secara signifikan terhadap IOS dengan signifikansi F sebesar 0,000.rasio-rasio pada tahap ekspansi awal mampu menjelaskan variabel IOS sebesar 99,3%. Pada tahap ekspansi akhir kinerja keuangan mempengaruhi secara signifikan terhadap IOS dengan signifikansi F sebesar 0,001. rasio-rasio pada tahap ekspansi akhir mampu menjelaskan variabel IOS sebesar 71,6%. Pada tahap mature kinerja keuangan mempengaruhi secara signifikan terhadap IOS dengan signifikansi F sebesar 0,003.rasio-rasio pada tahap ekspansi awal mampu menjelaskan variabel IOS sebesar 97,5%. Berdasarkan hasil penelitian pada setiap tahapan siklus kehidupan perusahaan kinerja keuangan berpengaruh signifikan terhadap investment opportunity set (IOS).

ENGLISH:

The company's growth is an important expectation that desired by the internal and external management company that is peusahaan as investors and creditors. Growth is expected to provide a positive aspect for the company thereby increasing the opportunity to invest in the company. A company's value can be measured by investment firms set.setiap opportunity to experience the life cycle where each cycle of life in the behavior of financial performance will be different. This study aims to determine the effect of simultaneous financial performance at each stage of the life cycle of the investment opportunity set (IOS). IOS on the proxy to the market to book value of assets.

Object of this study is the company's food and beverage industry over the period 2007-2010. Analysis of data using multiple linear regression models. Simultaneous analysis with significant level of 5% financial performance in the form of liquidity ratios, leverage ratios, activity ratios and profitability ratios, each measured indicator denagn current ratio, debt to equity ratio, total asset turnover, and return on investment. Phases obtained only three stages, namely the initial expansion stage, expansion and mature late.

In the early expansion phase significantly affect the financial performance
of the IOS with a significance F of 0.000. Ratios in the early stages of expansion variables could explain 99.3% of IOS. At the end of the expansion phase significantly affect the financial performance of the IOS with the significance F of 0.001. ratios at the end of the expansion phase variables can explain 71.6% of IOS. In the mature stage significantly affect the financial performance of the IOS with the significance F of 0.003. Ratios in the early stages of expansion can explain the variable IOS 97.5%. Based on the results of the study at any stage of the life cycle of the company's financial performance significantly influence the investment opportunity set (IOS).

Item Type: Thesis (Undergraduate)
Supervisor: Yuliana, Indah
Keywords: kinerja keuangan; investment opportunity set (IOS); tahapan siklus kehidupan perusahaan; Financial Results; investment opportunity set (IOS); Life Cycle of Corporate
Subjects: 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150205 Investment and Risk Management
Departement: Fakultas Ekonomi > Jurusan Manajemen
Location: 150205
Depositing User: Annas Al-haq
Date Deposited: 28 Sep 2015 05:21
Last Modified: 28 Sep 2015 05:21
URI: http://etheses.uin-malang.ac.id/id/eprint/2096

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