The Effect of DER and ROE on PBV in Construction and Building Sub-Sector Companies Listed on the IDX for the Period 2012-2016
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Return on Equity,
Market to Book Value
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Abstract
This study uses a quantitative method with an explanatory research type. The type of explanatory research is a study that aims to explain the causal relationship between one variable that affects other variables through Hypothesis testing. This study is used to test the concept in the Hypothesis on the effect of Debt to Equity Ratio (DER), Return on Equity (ROE) on Market to Book Value (PBV) in Construction Sector Companies listed on the Indonesia Stock Exchange for the period 2012-2016. Debt to Equity Ratio (DER) affects Price to Book Value (PBV) because DER reflects how much of the company is financed by debt. Return on Equity (ROE) is a ratio that shows how much net profit the company generates from each unit of shareholder equity. ROE is used by investors to assess the efficiency of the company in managing its own capital to generate profits.
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