scholarly journals THE EFFECT OF ASSET STRUCTURE, PROFITABILITY, COMPANY SIZE, AND COMPANY GROWTH ON CAPITAL STRUCTURE (The Study of Manufacturing Companies Listed on the IDX for the Period 2013 - 2017)

2019 ◽  
Vol 27 (2) ◽  
pp. 123
Author(s):  
Hilma Faza Ariyani ◽  
Irene Rini Demi Pangestuti ◽  
Susilo Toto Raharjo
Keyword(s):  
Capital Structure ◽  
Sampling Method ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Financial Reports ◽  
Normality Test ◽  
And Performance ◽  
Company Growth ◽  
Positive Effect ◽  
The Capital Structure

The purpose of this study was to determine and examine the effect of asset structure, profitability, firm size and company growth on the capital structure of manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2013 – 2017. The sampling method used was purposive sampling that was 52 companies in the criteria. Data obtained from the Financial Reports and Performance Reports published in the Indonesian Capital Market Directory (ICMD). The analytical tool that used is multiple regression. Hypothesis testing is done by the F test, t-test and determination coefficient. For the classical assumption, the test is done by the normality test, autocorrelation test, multicollinearity test, and heteroscedasticity test. The analysis of asset structure has a positive effect on the capital structure and not significant to the capital structure, profitability has a negative and significant effect on the capital structure, the size of the company has a positive and significant effect on the capital structure, and the company’s growth has a negative and significant effect on the capital structure. 

scholarly journals ANALYSIS OF INFLUENCE OF CAPITAL STRUCTURE, COMPANY SIZE, COMPANY GROWTH AND PROFITABILITY ON CORPORATE VALUE

2020 ◽  
Vol 1 (1) ◽  
pp. 10-27
Author(s):  
Naning Tri Rahayu ◽  
Abu Darim
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Manufacturing Companies ◽  
Analytical Technique ◽  
Data Source ◽  
Company Growth ◽  
The Capital Structure

This study has a purpose to explain the significance of the effect of capital structure, firm size, company growth, and profitability affect partially or simultaneously on the value of manufacturing companies listed on the IDX. The population in this study were 144 manufacturing companies listed on the Stock Exchange, a sample of 74 companies during the study period namely 2010-2016 using purposive sampling method with predetermined criteria. The data source used in this study is secondary data. Multiple linear regression is the analytical technique used in this study. After testing, the results of the capital structure, company growth, and profitability are obtained simultaneously and have a significant effect on the value of the company. Partially the capital structure has a negative and significant effect on firm size, company growth and profitability have a positive and significant effect on the value of the company.

scholarly journals Pengaruh Struktur Aset, Profitabilitas, Pertumbuhan Perusahaan dan Ukuran Perusahaan Terhadap Struktur Modal Pada Perusahaan Manufaktur di Sektor Industri Barang dan Konsumsi

2021 ◽  
Vol 4 (1) ◽  
pp. 92
Author(s):  
Syafril Syafril ◽  
Muhammad Fahmi
Keyword(s):  
Capital Structure ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Company Size ◽  
Manufacturing Companies ◽  
Purposive Sampling ◽  
Industry Sector ◽  
Company Growth ◽  
The Capital Structure

AbstractThis study aims to determine the effect of Asset Structure, Profitability, Company Growth and Company Size on the Capital Structure of Manufacturing Companies in the Goods and Consumption Industry Sector Listed on the Indonesia Stock Exchange (BEI) Period 2017 - 2019. This study uses a sample of 26 manufacturing companies in the goods and consumption industry sector which is listed on the Indonesia Stock Exchange (IDX) period 2017 - 2019. The data used are secondary data obtained from the site www.idx.co.id. The sampling method is purposive sampling. The data analysis method used is multiple linear regression. The results of this study, it is known that partially the structure of the Asset Structure has a Significant Effect on the Capital Structure, while the Profitability, Company Growth, and Company Size variables do not have a Significant Effect on the Capital Structure. Simultaneously the independent variables Asset Structure, Profitability, Company Growth, and Company Size have a Significant Effect on the Capital Structure of Manufacturing Companies in the Goods and Consumption Industry Sector on the Indonesia Stock Exchange Period 2017-2019 Keywords: Capital Structure; Asset Structure; Profitability; Company Growth; Company SizeAbstrakPenelitian ini bertujuan untuk mengetahui pengaruh struktur aset, profitabilitas, pertumbuhan perusahaan dan ukuran perusahaan terhadap struktur modal pada perusahaan manufaktur di sektor industri barang dan konsumsi yang terdaftar di Bursa Efek Indonesia (BEI) Periode 2017 - 2019. Penelitian ini menggunakan sampel dari 26 perusahaan manufaktur di sektor industri barang dan konsumsi yang terdaftar di Bursa Efek Indonesia (BEI) periode 2017 - 2019. Data yang digunakan adalah data sekunder yang diperoleh dari situs www.idx.co.id. Metode pengambilan sampel adalah purposive sampling. Metode analisis data yang digunakan adalah regresi linier berganda. Hasil penelitian ini, diketahui bahwa secara parsial struktur struktur aktiva memiliki pengaruh signifikan terhadap struktur modal, sedangkan variabel profitabilitas, pertumbuhan perusahaan dan ukuran perusahaan tidak memiliki pengaruh signifikan terhadap struktur modal. Secara simultan variabel independen struktur aset, profitabilitas, pertumbuhan perusahaan dan ukuran perusahaan memiliki pengaruh signifikan terhadap struktur modal perusahaan manufaktur di sektor industri barang dan konsumsi di Bursa Efek Indonesia Periode 2017-2019 Kata Kunci : struktur modal; struktur aktiva; profitabilitas, pertumbuhan perusahaan; ukuran perusahaan 

scholarly journals PENGARUH KEBIJAKAN DIVIDEN, LIKUIDITAS, TANGIBILITY, ASSET TURNOVER, DAN COMPANY GROWTH TERHADAP STRUKTUR MODAL

2020 ◽  
Author(s):  
Mirnawati Ratuloly ◽  
Anita Wijayanti ◽  
Purnama Siddi
Keyword(s):  
Social Sciences ◽  
Capital Structure ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Asset Turnover ◽  
Company Growth ◽  
The Capital Structure

Capital structure is the ratio between debt (foreign capital) and own capital (equity). There are several factors that affect capital structure such as dividend policy, liquidity, tangibility, asset turnover and company growth. This study aims to determine the effect of dividend policy, liquidity, tangibility, asset turnover and company growth on capital structure. In this study, the sampling method was carried out using purposive sampling and obtained as many as 14 companies in the consumer goods industry sector which were listed on the Indonesia Stock Exchange during 2015-2018. Thus the amount of data observed in this study amounted to 56 data. Data in this study were analyzed using Statistical Package for Social Sciences (SPSS) 22 with multiple linear regression analysis methods. The results of this study indicate that liquidity and asset turnover affect the capital structure while the dividend policy, tangibility and company growth do not affect the capital structure.

scholarly journals PENGARUH PERTUMBUHAN PERUSAHAAN DAN STRUKTUR MODAL PADA NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2011-2015)

2017 ◽  
Vol 6 (3) ◽  
Author(s):  
Sayida Gamaputri
Keyword(s):  
Capital Structure ◽  
Path Analysis ◽  
Direct Effect ◽  
Stock Exchange ◽  
Purposive Sampling ◽  
Negative Effect ◽  
Company Growth ◽  
Positive Effect ◽  
Significant Direct Effect ◽  
The Capital Structure

            This research is aimed at analyzing the effect of company growth, capital structure, and profitability on the value of the company. The object of  this research is manufacture companies registered in Indonesian Stock Exchange in 2011-2015. The sample of this research is selected through purposive sampling. There are 21 companies of 146 manufacture companies selected as the samples. The data were analyzed with path analysis. The research showed that company growth did not have significant direct effect on the value of company, while the capital structure and profitability had significant effect on the value of the company. Company growth and capital structure did not have significant effect on the value of company through profitability. Company growth had negative effect on profitability while profitability had positive effect on the value of the company. Profitability is not able to be the intervening variable.Keywords : company growth, capital structure, profitability, and value of the company.

scholarly journals Risiko Bisnis, Profitabilitas, dan Struktur Aktiva Sebagai Penentu Struktur Modal Perusahaan Makanan dan Minuman

2021 ◽  
Vol 31 (11) ◽  
pp. 2748
Author(s):  
Ni Wayan Meitriyani ◽  
Ni Gusti Putu Wirawati
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Significant Positive Effect ◽  
Manufacturing Companies ◽  
Business Risk ◽  
Analysis Technique ◽  
Food And Beverage ◽  
Negative Effect ◽  
Positive Effect ◽  
The Capital Structure

The purpose of this study was to determine the effect of business risk, profitability, and asset structure on capital structure. This study takes samples from manufacturing companies listed on the Indonesia Stock Exchange for the 2015-2019 period. The sample used is purposive sampling. The analysis technique used is multiple linear regression. The results of business risk research have a significant positive effect on the capital structure of Food and Beverage Companies Listed on the IDX in 2015-2019 while profitability has a significant negative effect on the capital structure of Food and Beverage Companies Listed on the IDX, and asset structure has a significant positive effect on the capital structure in Food and Beverage Companies Listed on the Indonesia Stock Exchange in 2015-2019. Keywords : Food and Beverage; Business Risk; Profitability; Asset Structure.

scholarly journals THE EFFECT OF INTERNAL FACTORS ON CAPITAL STRUCTURE AND ITS IMPACT ON FIRM VALUE: EMPIRICAL EVIDENCE FROM THE FOOD AND BAVERAGES INDUSTRY LISTED ON INDONESIAN STOCK EXCHANGE 2013-2017

2020 ◽  
Vol 6 (7) ◽  
pp. 173-191
Author(s):  
M.Noor Salim ◽  
Rina Susilowati
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Manufacturing Companies ◽  
Negative Effect ◽  
The Impact ◽  
Positive Effect

This research aims to analyze the effects of profitability (ROA), liquidity (CR), assets growth, and firm size towards capital structure (DER) and the impact on firm value (PBV).This research uses secondary data from yearly financial statement of food and baverages companies listed in Indonesian Stock Exchange for period 2013-2017. The research design uses descriptive quantitative research and causality. Sampling method uses purposive sampling method, with some predetermined criteria, the number of sample is 17 manufacturing companies. The analysis technique used is panel data regression. The research results shows that the profitability (ROA) and firm size partially have negative effect and not significant on capital structure (DER). The liquidity (CR) and assets growth partially have negative effect and significantly on capital structure (DER). Then the capital structure (DER) partially have positive effect but not significantly influences the firm value (PBV). The profitability (ROA) partially have positive effect and significant on firm value (PBV). The liquidity (CR) and assets growth partially have negative and significant effect on firm value (PBV), and firm size partially have negative and not significant effect on firm value (PBV). Simultaneously profitability (ROA), liquidity (CR), assets growth and firm size effect on capital structure (DER). On the other side, simultaneously profitability (ROA), liquidity (CR), assets growth and firm size have effect on firm value (PBV).

scholarly journals PENGARUH PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

2020 ◽  
Vol 28 (1) ◽  
pp. 51-70
Author(s):  
Kristianus Ronaldo Jemani ◽  
Teguh Erawati
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Significant Positive Effect ◽  
Manufacturing Companies ◽  
Financial Report ◽  
Purposive Sampling ◽  
Positive Effect

This study aims to examine whether profitability has an effect on firm value, profitability has an effect on capital structure, capital structure has an effect onfirm value and profitability on firm value with capital structure as an intervening variable.The study took a sample of manufacturing companies listed on the Indonesia Stock Exchange. The type of data used in this study is secondary data in the form of a company’s annual financial report. During the 2014-2018 period, there were 142 manufacturing companies. The method of determining the sample used in this study is purposive sampling, which is a sampling method determined or determined by researchers in accordance with certain criteria. Manufacturing companies are 42 sample companies. Data is also analyzed using path analysis.The results of the study include (1) profitability has a significant positive effect on firm value, (2) profitability has a significant positive effect on capital structure, (3) capital structure has a significant positive effect on firm value, (4) Profitability has a significant positive effect on firm value with capital structure as an intervening variable.

PENGARUH PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

2020 ◽  
Vol 28 (1) ◽  
pp. 51-70
Author(s):  
Kristianus Ronaldo Jemani ◽  
Teguh Erawati
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Significant Positive Effect ◽  
Manufacturing Companies ◽  
Financial Report ◽  
Purposive Sampling ◽  
Positive Effect

This study aims to examine whether profitability has an effect on firm value, profitability has an effect on capital structure, capital structure has an effect on firm value and profitability on firm value with capital structure as an intervening variable.The study took a sample of manufacturing companies listed on the Indonesia Stock Exchange. The type of data used in this study is secondary data in the form of a company’s annual financial report. During the 2014-2018 period, there were 142 manufacturing companies. The method of determining the sample used in this study is purposive sampling, which is a sampling method determined or determined by researchers in accordance with certain criteria. Manufacturing companies are 42 sample companies. Data is also analyzed using path analysis.The results of the study include (1) profitability has a significant positive effect on firm value, (2) profitability has a significant positive effect on capital structure, (3) capital structure has a significant positive effect on firm value, (4) Profitability has a significant positive effect on firm value with capital structure as an intervening variable.

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2016 ◽  
Vol 3 (2) ◽  
pp. 169 ◽  
Author(s):  
Alfani Firaus ◽  
Vinola Herawaty ◽  
Andy Tjin
Keyword(s):  
Capital Structure ◽  
Multiple Regression ◽  
Sampling Method ◽  
Stock Exchange ◽  
Managerial Ownership ◽  
Business Risk ◽  
Asset Growth ◽  
Positive Effect ◽  
Observation Period ◽  
The Capital Structure

<p><em>T</em><em>he objective of this research is to analyze: the influence of firm’s size on capital structure, the influence of profitability on capital structure, the influence of business risk on capital structure, the influence of time interest earned on capital structure, the influence of asset growth on capital structure, the influence of liquidity on capital structure, the influence of asset structure on capital structure, and the influence of managerial ownership on capital structure </em></p><p><em>T</em><em>he research was conducted in the companies listed in Indonesian Stock Exchange except for banks and other financial companies during 2012-2015 observation period. This research is developed based on the previous research carried out by Firnanti (2011)</em>. <em>T</em><em>he total samples taken by using purposive sampling method were 130 companies out of 351 companies. Multiple regression is used to analyze the hypothesis of this study.</em></p><em>The result of this research found that (1) the size of the company's has a positive effect on the capital structure, (2) profitability has an adversely affect on the capital structure, (3) the business risk has no effect on capital structure, (4) time interest earned has no effect on the capital structure, (5 ) asset growth has a positive effect on the capital structure, (6) liquidity has a positive effect on the capital structure, (7) assets structure has a positive effect on the capital structure, and (8) managerial ownership affect positively on the capital structure.</em>

scholarly journals Can Company Value In Intervening By Profitability And Capital Structure (Manufacturing Sector Evidance Listed on IDX 2012-2017)

2021 ◽  
Vol 2 (6) ◽  
pp. 2274-2289
Author(s):  
Fitria Haquei
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Total Sample ◽  
Sales Growth ◽  
Significant Positive Effect ◽  
Manufacturing Companies ◽  
Negative Effect ◽  
Company Growth ◽  
Positive Effect

This study aims to examine the effect of profitability mediation and capital structure on the effect of company growth on firm value. The study was conducted on manufacturing companies listing on the Indonesia Stock Exchange in 2012-2017 with a total sample of 17 companies. The research data was analyzed using causal step regression analysis and product of coefficient models with the help of the SPSS version 19.00 application. The results of testing the hypothesis obtained by sales growth is not significant to the value of the company. Sales growth has a negative effect on profitability. Profitability has a significant positive effect on firm value. The company's growth has a significant positive effect on capital structure. Capital structure has a significant negative effect on firm value. Profitability does not mediate the influence of company growth on firm value. Capital structure is able to mediate the influence of company growth on firm value.

Sign in / Sign up

Export Citation Format

Share Document