Capital structure and investment opportunity set on the value of the company

2020 ◽  
pp. 429-432
Author(s):  
A. Suwandhayani ◽  
N. Fitdiarini
Keyword(s):  
Capital Structure ◽  
Investment Opportunity ◽  
Investment Opportunity Set

scholarly journals Pengaruh Struktur Modal, Investment Opportunity Set, Ukuran Perusahaan, Return On Asset dan Likuiditas terhadap Kualitas Laba pada Perusahaan Jasa yang Terdaftar di Bursa Efek Indonesia

Owner ◽  
2021 ◽  
Vol 5 (2) ◽  
pp. 595-606
Author(s):  
Bayu Wulandari ◽  
Angela Juliananda Situmorang ◽  
Donna Valentina Sinaga ◽  
Editha Laia
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Coefficient Of Determination ◽  
Company Size ◽  
Investment Opportunity ◽  
Service Companies ◽  
Investment Opportunity Set ◽  
Earning Quality ◽  
The Capital Structure

Abstract The purpose of this study was  to  see  and  test the  effect  of  Capital Structure, Investment Opportunity Set (IOS), Company Size, Return on Asset (ROA) and Liquidity on Earning Quality at Service Companies listed on the IDX (Indonesia Stock Exchange) in 2017-2019. This  research  uses  the  quantitative  descriptive approach. The population obtained was 79 companies  listed  on  the IDX (Indonesia  Stock Exchange) from 2017-2019. Samples were taken  by  using  purposive sampling technique. This technique is also often used  by  other  researchers  because the obtained samples are closer to the research objectives. The obtained samples were 16 companies. The data analysis used various kind of analysys, namely ; the multiple linear analysis, the coefficient of determination test, the classical assumption test, the F test  and  the  t  test. This  result  of  this  study shows that, partially, the Capital Structure,  Investment  Opportunity  Set (IOS),  Company Size, Return on Asset (ROA) and Liquidity did not significantly affect  the  Earning Quality  listed  on  the IDX (Indonesia  Stock  Exchange) in 2017-2019.  Neither, simultaneously, the Capital  Structure,  Investment  Opportunity  Set (IOS),  Company  Size, Return on Asset (ROA) and Liquidity is significant on the  Earning  Quality  at  Service Companies listed on the IDX (Indonesia Stock Exchange) in 2017-2019. Keywords : Capital Structure, Investment  Opportunity  Set,  Company  Size,  Return on Asset and Liquidity (Current Ratio).

INVESTMENT OPPORTUNITY SET AND CAPITAL STRUCTURE ON STOCK RETURN: AN EVIDENCE OF BANK COMPANIES IN LQ45

2020 ◽  
Vol 10 (1) ◽  
pp. 105-114
Author(s):  
Michelle Sabatamia Pardosi
Keyword(s):  
Regression Analysis ◽  
Capital Structure ◽  
Stock Return ◽  
Sampling Method ◽  
Analysis Data ◽  
Investment Opportunity ◽  
Purposive Sampling ◽  
Investment Opportunity Set ◽  
Negative Effect ◽  
Equity Ratio

This purpose of this study aimed to look at the effect of Investment Opportunity Set and Capital Structure on Stock Return at bank companies that are listed in LQ45. The sampling method that is used is purposive sampling. The sample that are collected is from 5 bank companies listed in LQ45 in year 2015-2018. Analysis data using linier regression analysis. Investment Opportunity Set using the CAPBVA proxy and Capital Structure using the Debt to Equity Ratio. The result shows that Investment Opportunity Set does not have a significant effect on Stock Return. And the result shows that Capital Structure have a negative effect on Stock Return.

scholarly journals Analisis Efek Anteseden Struktur Modal Pada Nilai Perusahaan

2021 ◽  
Vol 24 (2) ◽  
pp. 97-118
Author(s):  
Ruli Indriani ◽  
Ratna Septiyanti ◽  
Ninuk Dewi Kusumaningrum ◽  
Usep Syaipudin
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Manufacturing Industry ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Managerial Ownership ◽  
Investment Opportunity ◽  
Investment Opportunity Set ◽  
Positive Effect

The research aims to examine the antecedent variables of capital structure, such as profitability, firm size, investment opportunity set, managerial ownership, and dividend policy, and its effect on the firm value. We used 41 listed firms of the Indonesia Stock Exchange from manufacturing industry in 2012-2017 period. We used factor analysis to determine the representativeness of independent variables as the capital structure variables then we tested its effect on firm value by using multiple linear regression. The results indicate that profitability, firm size, investment opportunity set, managerial ownership, and dividend policy simultaneously have a statistically significance influence on capital structure. Partially, profitability has a statistically significance negative effect on capital structure, investment opportunity set has a statistically significance positive effect on capital structure, and managerial ownership has a statistically significancenegative effect on capital structure, while firm size and dividend policy have no statistically effect on capital structure. This research give an empirical evidence that capital structure have a statistically significance positive effect on firm value. This result have an implication that the antecedent effect of capital structure is positive and statistically significance on firm value.

scholarly journals DETERMINAN STRUKTUR MODAL BADAN USAHA MILIK NEGARA DI INDONESIA

JEMBATAN ◽  
2018 ◽  
Vol 14 (2) ◽  
pp. 91-102
Author(s):  
Mizan Ahmad Zarkasih ◽  
Mohammad Adam ◽  
Reza Ghasarma
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Business Risk ◽  
Investment Opportunity ◽  
Growth Opportunity ◽  
Investment Opportunity Set ◽  
Size Growth

The objectives of this research are to examine the effect of Firm Size, Growth Opportunity, Business Risk and Investment Opportunity Set influence simultaneously and partially on Capital Structure.Research conducted at the State-Owned Enterprises that listed on the Bursa Efek Indonesia period 2011-2015. The research population was 20 companies, with the sample of 17 companies with sampling using purposive sampling technique. The analytical method used is the factor analysis method and multiple linear regression analysis, which perviously tested with the classical assumption. The results showed that the Firms Size, Growth Opportunity, Business Risk, and the Investment Opportunity Set influence simultaneous on the Capital Structure.The research also revealed that, Firm Size influence positive significant, Growth Opportunity and Business Risk has no significant effect on Capital Structure, and Investment Opportunity Set influence negative significant on the Capital Structure. On the other hand, R-Square value amnounted at 57,6%, it’s mean that 57,6% movement of Capital Structure can be predicted from the movement of the four independent variables. Keyword : Capital Structure, Business Risk, Investment Opportunity Set

scholarly journals PENGARUH UKURAN PERUSAHAAN, STRUKTUR MODAL, LIKUIDITAS DAN INVESTMENT OPPORTUNITY SET (IOS) TERHADAP KUALITAS LABA PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

MODUS ◽  
2016 ◽  
Vol 26 (1) ◽  
pp. 19
Author(s):  
Paulina Warianto ◽  
Ch Rusiti
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Earnings Quality ◽  
Sample Selection ◽  
Sampling Technique ◽  
Company Size ◽  
Manufacturing Companies ◽  
Investment Opportunity ◽  
Investment Opportunity Set

The purpose of this study was to determine the efect of frm size, capital structure, liquidity and investment opportunity set (IOS) simultaneously and partially on the quality of earnings. Population in the study was all manufacturing companies listed on the Stock Exchange in 2008-2012. Sampling using purposive sampling technique that is specifc sample selection criteria, so that in can be sampled in this study were 360 companies manufacturing (72 per company). The analytical method used was the multiple linear regression. Te result shows simultaneous testing showed that the size of the company, capital structure, liquidity and investment opportunity set (IOS) efect on earnings quality. Partially, company size and liquidity signifcant positive efect on the quality of earnings. Capital structure and investment opportunity set (IOS) signifcant negative efect on the quality of earnings.Keywords: company size, capital structure, liquidity, investment opportunity set (IOS) and the quality of earnings.

scholarly journals Faktor yang Mempengaruhi Struktur Modal pada Perusahaan Makanan dan Minuman Tbk

2021 ◽  
Vol 4 (1) ◽  
pp. 512-517
Author(s):  
Vina Arnita ◽  
Nina Andriany Nasution ◽  
Murnihati Murnihati
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Financial Statements ◽  
Investment Opportunity ◽  
Purposive Sampling ◽  
Investment Opportunity Set ◽  
Food And Beverage ◽  
Operating Leverage ◽  
The Capital Structure

The research aims to analyze the influence of the investment opportunity set, profitability and operating leverage on the capital structureof food and beverage companies listed on the Indonesian Stock  Exchange for the 2014-2018 period. Determination of samples using purposive sampling with criteria namely food and beverage companies listed on the Indonesian Stock Exchange and those who publish financial statements in a row during the 2014-2018 period, obtained 10 companies that meet the criteria and 5 years of observation to produce 50 samples. The results of the study indicate that the investment opportunity set variable in a negative and not significant effect on capital structure with a significance value of 0,129> 0,05, profitability in a positive and significant effect on capital structure with a significane value of 0,031< 0,05 and operating laverage in a prsial positive and significant effect on capital structure with a significance value of 0,030< 0,05. Investment opportunity set, profitability and operating laverage simultaneously influence the capital structure with a significance value of 0,049 > 0,05. Investment opportunity set, profitability and operating laverage are able to explain the capital structure of 10,5% is expalined by other factors not included in this study.

Sign in / Sign up

Export Citation Format

Share Document