Analisis Capital Structure pada PT. Ciputra Development dan PT. Lippo Karawaci Terhadap Weighted Average Cost Of Capital, Value Of The Firm, Harga Saham, Earnings Per Share, dan Net Financial Obligation

AFRY HARVY, Sumiyana, Dr., M.Si., Ak., CA

2016 | Tesis | S2 Manajemen

Keputusan aktivitas pembiayaan perusaaan tercermin pada komposisi struktur modal berupa perbandingan antara hutang dan ekuitas perusahaan. Penelitian ini menganalisis dampak keputusan struktur modal PT. Ciputra Development dan PT. Lippo Karawaci terhadap value of the firm, weighted average cost of capital, harga saham, earnings per share, dan nilai net financial obligation operasional perusahaan pada tahun. Keputusan struktur modal yang tepat akan mengoptimalkan value of the firm, weighted average cost of capital, harga saham, earnings per share, dan net financial obligation operasional perusahaan. Hasil penelitian ini menunjukan penggunaan struktur modal pada PT. Ciputra Development mengoptimalkan value of the firm, harga saham, earning per share, dan net financial obligation perusahaan, sedangkan penggunaan struktur modal pada PT. LIppo Karawaci dapat megoptimalkan weighted average cost of capital perusahaan.

Decision financing activities are reflected in the composition of capital structure in the form of the ratio between debt and equity. This thesis analyzes the impact of capital structure decision of PT. Ciputra Development and PT. Lippo Karawaci to the value of the firm, weighted average cost of capital, the stock price, earnings per share, and net financial obligation on the company's in 2010-2014. Good capital structure decisions would optimize the value of the firm, weighted average cost of capital, the stock price, earnings per share and net operating company financial obligation. The results showed the use of capital structure on PT. Ciputra Development optimizing the value of the firm, the stock price, earnings per share, and a net financial obligation of the company, while the use of capital structure on PT. Lippo Karawaci can optimize the weighted average cost of capital of the company.

Kata Kunci : Struktur modal, value of the firm, weighted average cost of capital, harga saham, earnings per share, net financial obligation operasional