Empirical Analysis on Influencing Factors to the Capital Structure of GEM Board Listed Companies in China

2013 ◽  
pp. 295-301
Author(s):  
Shi-chang Lu ◽  
Xue Luo
Keyword(s):  
Capital Structure ◽  
Empirical Analysis ◽  
Influencing Factors ◽  
Listed Companies ◽  
The Capital Structure

scholarly journals PROFITABILITY, GROWTH OPPORTUNITY, CAPITAL STRUCTURE AND THE FIRM VALUE

2014 ◽  
Vol 16 (2) ◽  
pp. 115-136 ◽  
Author(s):  
Sri Hermuningsih
Keyword(s):  
Capital Structure ◽  
Structural Equation Model ◽  
Firm Value ◽  
Structural Equation ◽  
Stock Exchange ◽  
Listed Companies ◽  
Equation Model ◽  
Growth Opportunity ◽  
The Capital Structure

This paper examines the influence of profitability, growth opportunity, and capital structure on firm value. We apply Structural Equation Model (SEM) on 150 listed companies on the Indonesia Stock Exchange during 2006 to 2010. The result shows that profitability, growth opportunity and capital structure positively and significanctly affect the company’s value. Secondly, the capital structure intervene the effect of growth profitability on company’s value, but not for profitability. Keywords: profitability, growth opportunitiy, capital structure, firm value, SEM.JEL Classification: C51, G32, L25

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