Creation of Investment Opportunities through Increased Sales
This research aimed to develop a theoretical approach as a mean to improve investment opportunity set. The effort done were involving capital structure, research and development, and firm size, also proposing a growth sales as an intervening variable so that to build a grand theoretical model. The...
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| Format: | Article |
| Language: | English English |
| Published: |
Quality-Access to Success
2019
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| Online Access: | http://repository.unikal.ac.id/4/ http://repository.unikal.ac.id/4/ http://repository.unikal.ac.id/4/1/HASIL%20CEK%20TURNITIN%20QUALITY%20ACCESS%202019_MAHIRUN%20_DIPAKAI.pdf http://repository.unikal.ac.id/4/2/bibliography.txt |
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| Summary: | This research aimed to develop a theoretical approach as a mean to improve investment opportunity set. The effort
done were involving capital structure, research and development, and firm size, also proposing a growth sales as an
intervening variable so that to build a grand theoretical model. The population of this research was manufacture
companies registered in Indonesia Stock Exchange during observation period from 2007 to 2016. Path analysis was
used as a mean of analysis helped by AMOS program. The main finding was growth sales which is the mediation
between the effect of debt to equity ratio to Market to Book ratio. Debt equity ratio has shown to have indirect
influence on Market to Book ratio positive value through sales growth. While sales growth did not mediate the effect
of size to Market to Book ratio. The result showed R&D intensity and sales growth gave positive and no significant
effect on Market to Book ratio, firm size gave positive and significant effect on Market to Book ratio, while debt to
equity ratio gave negative and no significant effect on Market to Book ratio. Meanwhile, debt to equity ratio gave
positive and significant effect on sales growth, and size did not influence the sales growth |
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