| dc.description.abstract | The formulation of this research problems comprehen the facts that
influences Present Value of Growth Opportunity (PVGO) at the companies that
listed at LQ45 Index. The purpose of this research analyze what the influences of
Return on Asset (ROA), Plowback Ratio, and Debt to Equity Ratio (DER) to
PVGO. In this research data is used for 18 selected companies through the
purposive sampling technique by the criterion (1) The Company whose stock
listed in LQ45 Index at 2007 – 2008. (2) The Companies that the constantly
survive at 2007 – 2010.
In this research that the analyze datas by using Ordinary Least Square
models and Fixed Effect (FEM) which is assessed in this research, because this
model has the intercept of the equation unconstantly or any differences for
individually. Before analyzing the test data is done, firstly by stationarity test and
test of redundant fixed effects-likelihood ratio to get the stationarity of data and
get the data whether the fixed effect method is suitable for use in this study,
further data processing is accomplished using the Eviews 6.
The result of this study is ROA, Plowback Ratio, and DER has a
significant effection the variable PVGO at 95% confidence level in simultanously
and partial. Beside the coefficient of getting the datas indicate the variable ROA,
Plowback Ratio, and DERis only able to explain the variable PVGO of 59,16%. | en_US |
