DAFTAR ISI

KATA PENGANTAR.......................................................................................i

DAFTAR ISI...................................................................................................iv

DAFTAR TABEL.........................................................................................viii

DAFTAR GAMBAR.......................................................................................ix

DAFTAR LAMPIRAN....................................................................................x

BAB I PENDAHULUAN

A. PERMASALAHAN......................................................................1

1. Latar Belakang Masalah............................................................1

2. Identifikasi Masalah...................................................................4

3. Batasan Masalah........................................................................5

4. Rumusan Masalah......................................................................5

B. TUJUAN DAN MANFAAT.........................................................5

1. Tujuan Penelitian.......................................................................5

2. Manfaat Penelitian.....................................................................6

BAB II LANDASAN TEORI

A. Gambaran Umum Teori...............................................................7

1. Teori Keagenan (Agency Theory)..............................................7

2. Teori Sinyal (Signaling Theory).................................................8

B. Definisi Konseptual Variabel.......................................................9

1. Nilai Perusahaan (Firm Value)...................................................9

2. Ukuran Perusahaan (Firm Size)................................................10

3. Profitabilitas (Profitability)..................................................... .11

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 4. Pertumbuhan Penjualan (Sales Growth)..................................12

5. Leverage...................................................................................12

C. Kaitan antara Variabel-Variabel..............................................13

1. Hubungan antara Firm Size dan Firm Value...........................13

2. Hubungan antara Profitability dan Firm Value.......................14

3. Hubungan antara Sales Growth dan Firm Value....................15

4. Hubungan antara Leverage dan Firm Value...........................16

D. Penelitian Terdahulu..................................................................17

E. Kerangka Pemikiran dan Hipotesis..........................................23

1. Pengaruh Firm Size terhadap Firm Value...............................24

2. Pengaruh Profitability terhadap Firm Value...........................25

3. Pengaruh Sales Growth terhadap Firm Value.........................25

4. Pengaruh Leverage terhadap Firm Value................................26

BAB III METODE PENELITIAN

A. Desain Penelitian.........................................................................27

B. Populasi,Teknik Pemilihan Sampel, dan Ukuran Sampel......28

C. Operasionalisasi Variabel dan Instrumen Penelitian..............29

D. Analisis Data................................................................................31

1. Uji Statistik Deskriptif............................................................31

2. Analisis Regresi Data Panel....................................................32

a. Common Effect Model.......................................................33

b. Fixed Effect Model............................................................33

c. Random Effect Model........................................................33

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 3. Pemilihan Model Estimasi Regresi Data Panel.......................34

a. Uji Likelihood (Chow-test)...............................................34

b. Uji Hausman..................................................................... 34
E. Asumsi Analisis Data..................................................................35

1. Uji Signifikansi Secara Simultan (Uji Statistik f)...................35

2. Uji Signifikansi Secara Parsial (Uji Statistik t).......................36

3. Uji Koefisien Determinasi (Uji Adjusted R2)..........................36

BAB IV HASIL PENELITIAN DAN PEMBAHASAN

A. Deskripsi Subjek Penelitian.......................................................38

B. Deskripsi Objek Penelitian.........................................................43

C. Hasil Uji Asumsi Analisis Data..................................................43

1. Uji Analisis Statistik Deskriptif...............................................43

2. Uji Pemilihan Model Data Panel..............................................46

D. Hasil Analisis Data......................................................................52

1. Uji Koefisien Determinasi (Uji Adjusted R2)...........................55

2. Uji F (ANOVA).......................................................................44

3. Uji t (Uji Parsial)......................................................................45

E. Pembahasan.................................................................................60

1. Pengaruh Firm Size Terhadap Firm Value...............................62

2. Pengaruh Profitability Terhadap Firm Value..........................63

3. Pengaruh Sales Growth Terhadap Firm Value........................64

4. Pengaruh Leverage Terhadap Firm Value...............................66

BAB V PENUTUP

A. Kesimpulan..................................................................................68

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 B. Keterbatasan danSaran..............................................................71

DAFTAR BACAAN.......................................................................................72

LAMPIRAN....................................................................................................77

DAFTAR RIWAYAT HIDUP......................................................................95

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 DAFTAR TABEL

Tabel 2.1 Penelitian Terdahulu..................................................................17

Tabel 3.1 Matriks Operasionalisasi Variabel............................................29

Tabel 4.1 Kriteria Pemilihan Sampel........................................................39

Tabel 4.2 Daftar Sampel Perusahaan Manufaktur.....................................39

Tabel 4.3 Hasil Uji Analisis Deskriptif.....................................................44

Tabel 4.4 Hasil Uji Pooled Least Square..................................................47

Tabel 4.5 Hasil Uji Fixed Effect Model.....................................................48

Tabel 4.6 Hasil Uji Chow..........................................................................49

Tabel 4.7 Hasil Uji Random Effect Model.................................................50

Tabel 4.8 Hasil Uji Hausman....................................................................52

Tabel 4.9 Hasil Uji Koefisien Determinasi...............................................55

Tabel 4.10 Hasil Uji F (ANOVA)...............................................................57

Tabel 4.11 Rangkuman Hasil Uji Parsial....................................................61

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 DAFTAR GAMBAR

Gambar 2.1 Kerangka Hipotesis...................................................................24

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 DAFTAR LAMPIRAN

Lampiran 1 Daftar Sampel Penelitian............................................................76

Lampiran 2 Hasil Perhitungan Sales Growth 2015-2017..............................78

Lampiran 3 Hasil Perhitungan Firm Size 2015-2017....................................81

Lampiran 4 Hasil Perhitungan Profitability 2015-2017................................86

Lampiran 5 Hasil Perhitungan Leverage 2015-2017.....................................94

Lampiran 6 Hasil Perhitungan Nilai Perusahaan 2015-2017.......................102

Lampiran 7 Hasil Statistik Deskriptif Data..................................................111

Lampiran 8 Hasil Uji Pooled Least Square..................................................112

Lampiran 9 Hasil Uji Fixed Effect Model....................................................113

Lampiran 10 Hasil Uji Chow (Likelihood Ratio)...........................................114

Lampiran 11 Hasil Uji Random Effect Model................................................115

Lampiran 12 Hasil Uji Hausman....................................................................116