scholarly journals Capital Structure Determinants in Property and Real Estate Company in 2013 to 2018

2020 ◽  
Vol 76 ◽  
pp. 01050
Author(s):  
Sautma Ronni Basana ◽  
Tiffany Tandarto ◽  
Christina Soehono
Keyword(s):  
Data Analysis ◽  
Real Estate ◽  
Capital Structure ◽  
Stock Exchange ◽  
The Other ◽  
Company Size ◽  
Business Risk ◽  
Tax Shield ◽  
Real Estate Company ◽  
The Capital Structure

This research is to recognize the factors supporting the property and real estate company in determining the capital structure composition. The population of this research is all the property and real estate company listed on the Indonesia Stock Exchange 2013 to 2018. There are 48 companies listed until 2019. The data analysis employs a stratum test. The results of this research are the company’s performance, profitability influencing the capital structure, growth that does not influence the capital structure, nondebt tax shield influencing capital structure, and liquidity does not influence capital structure. In the company’s risk, the collateral value of assets influences capital structure; on the other hand, the business risk does not influence the capital structure. In the company’s characteristics, company size does not influence the capital structure.

scholarly journals Faktor-faktor yang Mempengaruhi Struktur Modal Pada Perusahaan Subsektor Property dan Real Estate

2019 ◽  
Vol 1 (1) ◽  
pp. 13-20
Author(s):  
Siti Ruhana Dara ◽  
Mariah Mariah
Keyword(s):  
Regression Analysis ◽  
Data Analysis ◽  
Real Estate ◽  
Capital Structure ◽  
Multiple Regression ◽  
Firm Size ◽  
Sampling Method ◽  
Stock Exchange ◽  
Company Size ◽  
The Capital Structure

This study examines the determinants of capital structure. The research object used is companies in the property and real estate sub-sectors listed on the Indonesia Stock Exchange (IDX) in the 2015-2017 observation year. With a purposive sampling method, which selects samples based on certain criteria. And selected a sample of 42 companies.  Data analysis uses multiple regression and moderated regression analysis (MRA). The results showed that the firm size and profitability had a significant effect on the capital structure while the asset structure variable had no effect on the capital structure. The study implications can be used by management and investors to determine the capital structure through company size and profitability.      

scholarly journals What Determines The Capital Structure of Property, Real Estate and Building Construction Companies? Evidence from Indonesian Listed Companies

2020 ◽  
Vol 9 (4) ◽  
pp. 370-382
Author(s):  
Sari Fitri Fatimah ◽  
Rini Setyo Witiastuti
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Firm Size ◽  
Stock Exchange ◽  
Building Construction ◽  
Business Risk ◽  
Financial Flexibility ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
The Capital Structure

This research is intended to prove the influence of financial flexibility, asset structure, firm size, profitability and business risk on the capital structure. The population on this study are property, real estate and building construction sector that are listed on the Indonesia Stock Exchange in 2009-2018. The number of samples used were 28 companies with a purposive sampling method. The data studied was obtained from the Indonesia Stock Exchange (IDX). Methods of data analysis used in this study is multiple linear regression. The results showed that financial flexibility has not significant  negative effect on capital structure. Asset structure and firm size have a significant positive effect on capital structure. The profitability and business risk have a significant negative effect on capital structure. Further research is needed to use another proxies such as ROE for profitability variables or standard deviations from ROE for business risk on capital structure and add another sectors or the number of observation periods.

FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PADA PERUSAHAAN SUBSEKTOR PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA

2018 ◽  
Vol 3 (3) ◽  
pp. 423-430
Author(s):  
Siti Ruhana Dara ◽  
Mariah Mariah
Keyword(s):  
Regression Analysis ◽  
Real Estate ◽  
Capital Structure ◽  
Firm Size ◽  
Stock Exchange ◽  
Company Size ◽  
Structure Variable ◽  
Size Variable ◽  
The Capital Structure

The purpose of this study is to examines the antesedents of capital structure. The object is 42 companies in the property and real estate sub-sectors listed on the Indonesia Stock Exchange (IDX) in 2015-2017 periods. Regression analysis was used to test the hypothesis. The results showed that the firm size variable had a significant effect on the capital structure, the profitability variable had a significant effect on the capital structure while the asset structure variable had no effect on the capital structure. And together with company size variables, profitability and asset structure affect the capital structure. Keywords: Profitability, Asset Structure, Capital Structure

scholarly journals Faktor-Faktor yang Mempengaruhi Struktur Modal pada Perusahaan Property dan Real Estate yang Terdaftar di BEI

2020 ◽  
Vol 20 (1) ◽  
pp. 195
Author(s):  
Dahlia Nur Muslimah ◽  
Suhendro Suhendro ◽  
Endang Masitoh
Keyword(s):  
Linear Regression ◽  
Real Estate ◽  
Capital Structure ◽  
Analytical Method ◽  
Stock Exchange ◽  
Sample Selection ◽  
Company Size ◽  
Selection Technique ◽  
Independent Variables ◽  
The Capital Structure

The purpose of this study is to examine and analyze the factors that influence the capital structure. The independent variables in this study are profitability, liquidity, company size, and asset structure. The population in this study are property and real estate companies listed on the Indonesia Stock Exchange in the period 2016-2018. The sample selection technique used in this study was purposive sampling and 34 company samples were obtained over a period of 3 years so that 102 company samples were obtained. The analytical method used in this study is multiple linear regression. The results of this study simultaneously show that profitability, liquidity, asset structure, and company size significantly influence the capital structure. The results of the research partially show that profitability, liquidity, and asset structure have an influence on capital structure, while company size has no effect on capital structure.

scholarly journals PENGARUH LIKUIDITAS, NON-DEBT TAX SHIELD, UKURAN PERUSAHAAN DAN PERTUMBUHAN PENJUALAN TERHADAP STRUKTUR MODAL

2019 ◽  
Vol 8 (6) ◽  
pp. 3560 ◽  
Author(s):  
Ni Putu Intan Wulandari ◽  
Luh Gede Sri Artini
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Company Size ◽  
Sales Growth ◽  
Significant Positive Effect ◽  
Tax Shield ◽  
Debt Tax Shield ◽  
Results Management ◽  
Positive Effect ◽  
The Capital Structure

The aim of this researcher is to test and explain the significance of the effect of liquidity, non-debt tax shields, company size and sales growth on the capital structure of mining sector companies in the Indonesia Stock Exchange. In this study of the total population of 43 mining companies listed on the Indonesia Stock Exchange in 2013-2016 only 10 companies were selected as samples that met the requirements. The results showed that liquidity partially had a significant negative effect on the capital structure, non-debt tax shield has no significant effect on capital structure, firm size has a significant positive effect on capital structure and sales growth has a significant positive effect on capital structure. Based on these results, management needs to pay attention to the factors that influence the capital structure, especially liquidity, company size and sales growth because these factors have proven to have a significant effect, so it is expected to be able to create an optimal capital structure in order to achieve corporate objectives, namely to improve shareholder welfare. Keywords: capital structure, liquidity, non-debt tax shield  

Profitability Moderate The Effect Of Firm’s Characteristic On Capital Structure

2019 ◽  
Vol 23 (2) ◽  
pp. 213
Author(s):  
Ceacilia Srimindarti, Firdaus Damas Septio Ardiansyah, Pancawati Hardiningsih, R.M. Oktaviani
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Sampling Method ◽  
Stock Exchange ◽  
Sample Selection ◽  
Positive Influence ◽  
Financial Statement ◽  
Company Size ◽  
Analysis Tool ◽  
The Capital Structure

The objective of this study is to examine and analyze the influence of the asset structure and the company size on the capital structure with profitability as a moderating variable. Company managers must make an efficient comparison between internal and external capital to maximize the benefits. The populations of this study areproperty and real estate companies which were listed in Indonesia stock exchange. The sample selection use purposive sampling method. The criteria which used for sampling were: (1) publishing financial statement; (2) make a profit; (3) holding data on asset structure and profitability; (4) using rupiah. The analysis tool usedin this research is PLS. The result of this study showed that asset structure and company size had a positive influence on the capital structure. Profitability moderate the influence of asset structure on the capital structure, and moderate the influence of the company size on a capital structure.

PENGARUH STRUKTUR MODAL, RISIKO BISNIS, UKURAN PERUSAHAAN DAN PERTUMBUHAN PENJUALAN TERHADAP RETURN ON EQUITY (Studi Empiris pada Perusahaan Property Dan Real Estate yang Terdaftar di Bursa Efek Indonesia Periode 2015-2019)

2021 ◽  
Vol 9 (3) ◽  
pp. 71-80
Author(s):  
Tri Narko
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Coefficient Of Determination ◽  
Sales Growth ◽  
Business Risk ◽  
Return On Equity ◽  
Level Of Significance ◽  
The Capital Structure

This research aims to test the Return On Equity as well as the influence of capital structure, business risk, company size and sales growth. The samples used in this study are Property and Real Estate companies listed on the Indonesia Stock Exchange in 2015-2019. Sampling in this study using purposive sampling method and obtained by 21 companies. The analysis techniques in this study are Multiple Regression Analysis, hypothesis test using F test simultaneously, and partial t test with 5% level of significance. The results of this study showed that the capital structure, business risk, size of the company and simultaneous sales growth influenced Return On Equtiy at a level of less than 5% which is 0.001. Partially only business risk variables that affect Return On Equity at a level of less than 5% is 0.001. While the capital structure, size of the company and sales growth have no effect on Return On Equity. From the results of processing SPSS produces the equation Y = 0.147 + 0.020X1 + 2.597X2 – 0.004X3 + 0.001X4 + e. While the value of coefficient of determination in this study was 0.447. This means that the ability of independent variables to describe dependent variable variations is 44.7%, while the remaining 55.3% is influenced by other variables not studied in this study

Financial Leverage and its Determinants: Evidence from Indian Cement Industry

2015 ◽  
Vol 7 (1) ◽  
Author(s):  
Anupam De ◽  
Arindam Banerjee
Keyword(s):  
Growth Rate ◽  
Capital Structure ◽  
Firm Growth ◽  
Stock Exchange ◽  
Debt Service ◽  
Cement Industry ◽  
Business Risk ◽  
Service Capacity ◽  
Independent Variables ◽  
The Capital Structure

In this study an attempt has been made to examine the determinants of capital structure in companies belonging to the Cement Industry of India. The companies listed in the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) has been used for the study. The study has been conducted for the period from 1999-2000 to 2010-2011. To study the influence of various independent variables on the capital structure, Multiple Regression Analysis has been carried out taking the ratio of average total debt to average total assets as dependent variable and seven variables, which might have some impact on the capital structure, as independent variables. These seven variables are namely business risk, size of the firm, growth rate, debt service capacity, degree of operating leverage, dividend payout, and earning rate. It is observed from the study that size of the firm, debt service capacity, business risk and growth rate are statistically significant to have an influence in taking capital structure related decisions and considered as determinants of capital structure of the listed companies belonging to the Indian Cement

scholarly journals PENGARUH UKURAN PERUSAHAAN DAN RISIKO BISNIS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN INDUSTRI OTOMOTIF YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 15 (2) ◽  
pp. 165-187
Author(s):  
Mohamad Ali Wairooy
Keyword(s):  
Capital Structure ◽  
Automotive Industry ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Business Risk ◽  
Exchange Data ◽  
The Capital Structure

This study aims to examine and analyze the effect of partially or simultaneously the size of the company and business risk on the capital structure of the Automotive Industry Company Registered on the Indonesia Stock Exchange. Data collection uses secondary data using purposive sampling technique. The population in this study were all automotive industry companies as many as 17 companies listed on the Indonesia stock exchange for the period 2014-2016, while the samples taken were the number of observations for 3 years (2014-2016). The data obtained were analyzed using multiple linear regression analysis. The results showed that all hypotheses had a positive and significant effect based on t test and F test. This means that both partially and simultaneously the size of the company and business risk had a positive and significant effect on the capital structure of the Automotive Industry Company Listed on the Indonesia Stock Exchange.

scholarly journals The effect of profitability and capital structure against company value with dividend policy as moderator variable in consumption companies registered on the 2014-2018 IDX

2020 ◽  
Vol 9 (11) ◽  
pp. e019119260
Author(s):  
. Silvia ◽  
Nagian Toni
Keyword(s):  
Data Analysis ◽  
Capital Structure ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Capital Gains ◽  
The Other ◽  
Moderator Variable ◽  
Company Value ◽  
Food And Drink ◽  
Data Collection Technique

This research aimed to analyze the effect of profitability and capital structure on the Company value with Dividend policy as a moderating variable in consumption companies which registered on the Indonesia Stock Exchange for the 2014-2018 Period. The sample in this research is Consumption Company with food and drink subsector, cigarette, pharmacy, cosmetics, household goods and household appliances. The data collection technique used Purposive Sampling, so it is obtained 15 companies with 5 years of observations to 75 observations. Data analysis tools used SmartPLS 3.0. The analysis results shows that profitability has positive and significant effect on the company value, modal structure has positive and significant effect on the company value, and dividend policy is unable to moderate the effect of capital structure on the company value. The profitability and capital structure can explains the company value of 85,6% while the rest is 14,4% explains by the other variables. The analysis prove that a well-managed capital structure will increase the company's profitability and value, so the capital gains are greater and investors expect capital gains rather than dividends.

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