Sri Hermuningsih
Email: hermun_feust@yahoo.co.id
Dewi Kusuma Wardani*)
Email: d3wi_kusuma@yahoo.co.id
Fakultas Ekonomi,
Universitas Sarjanawiyata Tamansiswa Yogyakarta
ABSTRACT
The objective of this research is to examine whether there is a effect of External Factors and Internal Factors The Company on firm value with Financial Leverage as an intervening variable.The samples are drawn from all firms listed at the Indonesia Stock Exchange 2007 until 2010. Using the Structural Equation Modelling with Smart Partial Least Square (PLS) Versi 16
The results show the existence of 1) the state of capital markets have an negative effect to the Financial Leverage 2) size have not a significant effect to the Financial Leverage 3) The state of capital markets have n positive effect to firm value 4) Size have an positive effect to firm value 5) Financial Leverage have an negative effect to firm value.
Keywords: External Factors, Internal Factors, Financial Leverage, firm value