scholarly journals ANALISIS KEPEMILIKAN INSTITUSIONAL, RETURN ON EQUITY (ROE), DEBT TO EQUITY RASIO (DER), DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA SAHAM PERUSAHAAN SEKTOR PROPERTI PERIODE TAHUN 2013-2017

El Dinar ◽  
2019 ◽  
Vol 7 (1) ◽  
pp. 66
Author(s):  
Muhamad Faiz Arrafi
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Panel Data Analysis ◽  
Institutional Ownership ◽  
Financial Statements ◽  
Stock Index ◽  
Variable Size ◽  
Return On Equity ◽  
Positive Effect

<p><em>This research was conducted to analyze the effect of institutional ownership, profitability, capital structure, and firm size on firm value. The data used in this study were obtained from the financial statements of property and real estate companies listed in the Indonesian Syariah Stock Index (ISSI) in 2013-2017. This study uses panel data analysis. The results of the study show that simultaneously institutional ownership, profitability, capital structure and firm size variables have a positive effect on firm value. While partially institutional ownership and profitability variables have a significant positive effect on firm value. Capital structure has a negative and significant effect on firm value. While the variable size of the company does not affect the value of the company.</em><em></em></p>

scholarly journals PENGARUH STRUKTUR KEPEMILIKAN, STRUKTUR MODAL, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR PERTAMBANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2015 ◽  
Vol 3 (2) ◽  
pp. 724
Author(s):  
Ikin Solikin ◽  
Mimin Widaningsih ◽  
Sofie Desmiranti Lestari
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Ownership Structure ◽  
Firm Value ◽  
Linear Regression Analysis ◽  
Institutional Ownership ◽  
Managerial Ownership ◽  
Mining Sector ◽  
Linearity Test ◽  
Positive Effect

This study aims to determine whether there is influence of managerial ownership structure, institutional ownership structure, capital structure, and firm size to company value in mining sector companies listed in Indonesia Stock Exchange.The method of this research is descriptive method used to analyze data by way of describing or giving description to the object under study through sample data or population as it is without doing analysis and make conclusion which apply to public. This research uses managerial ownership variable, institutional ownership, capital structure, and firm size as independent variable, and firm value as dependent variable. The population of this study is a mining sector company listed on the Indonesia Stock Exchange in 2010-2012. After going through purposive sampling, obtained 29 companies as sample. The type of data used in this study is secondary data in the form of annual financial statements of the company. The method of analysis used is simple linear regression analysis. Before performing regression test, data analysis test consisted of linearity test and normality test.The results of this study indicate that managerial ownership, capital structure and firm size have a positive effect on firm value. While institutional ownership variable has no positive effect on firm value.

Analisis Pengaruh Struktur Modal, Ukuran Perusahaan, dan Pertumbuhan Perusahaan terhadap Nilai Perusahaan

2021 ◽  
Vol 4 (3) ◽  
pp. 813-827
Author(s):  
Dian   Melsa Irawati ◽  
Sri Hermuningsih ◽  
Alfiatul   Maulida
Keyword(s):  
Data Analysis ◽  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Quantitative Research ◽  
Firm Growth ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Negative Effect ◽  
Positive Effect

The purpose of this study was to determine the effect of capital structure, firm size, and firm growth on firm value in the food and beverages industry sector companies listed on the Indonesia Stock Exchange for the 2016-2020 period. This study uses quantitative research with sampling using purposive sampling method, which is a method of selecting samples with certain predetermined criteria. So that in this study, 51 data were obtained from 13 companies that met the criteria. The data analysis technique used is panel data analysis. The results of the study found that partially capital structure had a significant negative effect on firm value, firm size had a significant positive effect on firm value, and firm growth had no positive effect on firm value. Keywords : capital structure, company size, company growth, company value

scholarly journals PENGARUH CAPITAL STRUCTURE, INSTITUTIONAL OWNERSHIP, DAN MANAGERIAL OWNERSHIP TERHADAP PROFITABILITAS PERUSAHAAN

2021 ◽  
Vol 16 (2) ◽  
Author(s):  
Sapto Bayu Aji ◽  
Djasmanuddin Djasmanuddin ◽  
Andriono Andriono
Keyword(s):  
Capital Structure ◽  
Institutional Ownership ◽  
Financial Statements ◽  
Managerial Ownership ◽  
Manufacturing Companies ◽  
Return On Equity ◽  
Equity Ratio ◽  
Management Policies ◽  
Positive Effect

Profitability is the end result of a number of company management policies and decisions (Brigham et al., 2001). This study aims to examine the effect of capital structure, institutional ownership, and managerial ownership on company profitability. Capital structure proxied by Debt to Equity Ratio (DER). The company's profitability is proxied by Return on Equity (ROE). The data used are the financial statements of manufacturing companies on the IDX from 2014 – 2018, the results of this study found that capital structure, institutional ownership, and managerial ownership have a positive effect on profitability.  

scholarly journals Determinants of Firm Capital Structure: Empirical Evidence From Vietnam

2020 ◽  
Vol 11 (4) ◽  
pp. 10
Author(s):  
Hieu Thanh Nguyen ◽  
Anh Huu Nguyen
Keyword(s):  
Capital Structure ◽  
Method Of Moments ◽  
Firm Size ◽  
Generalized Method Of Moments ◽  
Return On Assets ◽  
Return On Equity ◽  
Factors Affecting ◽  
Tangible Assets ◽  
Negative Effect ◽  
Positive Effect

The paper aims to investigate the factors affecting firm capital structure in the context of Vietnam. The research sample includes 290 non-financial listed companies on Vietnamese stock market. This study applied Generalized Method of Moments (GMM) to explain the research results. The paper investigates six factors influencing on firm capital structure including return on assets (ROA), return on equity (ROE), firm size, tangible assets, risks, and growth. The empirical results show that return on assets, tangible assets, risks, and growth have a statistically significant positive effect on the firm capital structure while return on equity has a statistically significant negative effect on the firm capital structure. In addition, when dividing companies into sectors, the study realized that determinants of capital structure in some sectors are consistent with results for entire sample. Finally, firm size has the same impact on capital structure in oil & gas companies and material companies whereas it is not statistically significant for other companies. These evidences provide a new insight to managers on how to determine the reasonable capital structure.

scholarly journals PENGARUH FIRM SIZE, SALES GROWTH, STRUKTUR ASET, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING (Studi Empiris Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2012 – 2017)

2020 ◽  
Vol 12 (1) ◽  
pp. 47-68
Author(s):  
Suci Atiningsih ◽  
Asri Nur Wahyuni
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Sales Growth ◽  
Manufacturing Companies ◽  
Company Value ◽  
Negative Effect ◽  
Positive Effect ◽  
Data Analysis Methods

  The purpose of this study is to examine the effect of firm size, sales growth, asset structure, and profitability on firm value with capital structure as an intervening variable. The population are all companies listed on the Indonesia Stock Exchange. While the sample in this study were all manufacturing companies listed on the Indonesia Stock Exchange Period 2012 - 2017. Sampling using purposive sampling and data analysis methods using multiple linear regression and path analysis. The results of this study are firm size and asset structure have a positive effect on capital structure. Sales growth and profitability have a negative effect on capital structure. Capital structure, sales growth, and asset structure have a negative effect on firm value. Firm size has a positive effect on company value. Capital structure cannot mediate the influence of firm size and profitability on firm value. Capital structure can mediate the effect of sales growth and asset structure on firm value.  

scholarly journals influence of capital structure, its size, growth of the value of the company with its profitability as variable intervening the company LQ45 are listed in Indonesia stock exchange

2021 ◽  
Vol 4 (4) ◽  
pp. 487-493
Author(s):  
Mgs. Abdul Hakim Fahmi ◽  
Mohamad Adam ◽  
Marlina Widiyanti ◽  
Isnurhadi Isnurhadi
Keyword(s):  
Adverse Effect ◽  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Firm Growth ◽  
Stock Exchange ◽  
Significant Positive Effect ◽  
Size Growth ◽  
Size Firm ◽  
Positive Effect

This study aimed to determine the effect of capital structure, firm size, firm growth on firm value with profitability as an intervening variable in LQ45 companies listed on the Indonesia Stock Exchange in 2018-2020. The sample used is 33 LQ45 companies during the period 2018-2020. This research uses multiple linear regression and path analysis. The results showed that the capital structure had a significant adverse effect on profitability and firm value. Meanwhile, firm size and growth do not significantly affect profitability and firm value. Profitability has a significant positive effect on firm value. Indirectly, capital structure affects firm value through profitability, while firm size and growth do not indirectly affect firm value.

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 Likuiditas, Profitabilitas, Struktur Modal, Ukuran Perusahaan Dan Kebijakan Dividen Terhadap Nilai Perusahaan Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia

2021 ◽  
Vol 4 (2) ◽  
pp. 410-418
Author(s):  
Annisa Nauli Sinaga ◽  
Calvin Halim ◽  
Sonia Sonia
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Multiple Linear Regression Analysis ◽  
Manufacturing Companies ◽  
Share Prices ◽  
Negative Effect ◽  
Positive Effect

Firm value is one  of the criteria used by investors in making decisions to invest in a company where Firm value is often associated with share prices. The purpose of this research is to determine the effect of Capital Structure (DER), Liquidity (QR), Profitability (ROA), Dividends (DPR), and Firm Size (Total Assets) on the Firm Value. This type of research is quantitative descriptive with secondary data, the selection of research samples using purposive sampling techniques, and testing methods with multiple linear regression analysis method. The population in this research were 167 manufacturing companies listed on the IDX during the period 2016 – 2019. Based on the results of the study, it can be concluded that simultaneously the Capital Structure (DER), Liquidity (QR), Profitability (ROA), Dividend (DPR), and Firm Size (total assets) have a simultaneous and positive effect. While partially, only Dividend (DPR) has a positive effect on Firm Value, while Profitability (ROA) have a negative effect on Firm Value; Capital Structure (DER), Liquidity (QR) and Firm Size (Total Assets) have no effect and is insignificant on Firm Value. Keywords : Capital Structure, Liquidity, Profitability, Dividends, Firm Size

scholarly journals The Influence Of Financial Flexibility, Managerial Ownership, Firm Size On Capital Strukture, And Firm Value On Infrastructure, Utility And Transportation Companies

2021 ◽  
Vol 2 (4) ◽  
pp. 1371-1377
Author(s):  
Asrul Jaya ◽  
Djabir Hamzah ◽  
Maat Pono ◽  
Idayanti Nursyamsi
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Managerial Ownership ◽  
Significant Positive Effect ◽  
Financial Flexibility ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
Positive Effect ◽  
The Capital Structure

This study aims to analyze the effect of financial flexibility, managerial ownership, and firm size on firm value with capital structure as an intervening variable for infrastructure, utility, and transportation companies. This research was a quantitative study. The data used were secondary data in the form financial statements of infrastructure, utility and transportation companies listed in the Indonesia Stock Exchange during the period 2015-2019. The sample used was a purposive sampling technique consisting of 30 companies infrastructure, utility and transportation. The data were analyzed using path analysis supported by SmartPLS 3.3 software. The results show that financial flexibility has no significant negative effect on the capital structure; managerial ownership has a significant negative effect on the capital structure; firm size has a significant positive effect on the capital structure; financial flexibility has a significant negative effect on firm value; managerial ownership has no significant positive effect on firm value; firm size has no significant positive effect on firm value; capital structure has a significant positive effect on firm value; financial flexibility had no significant effect on firm value through capital structure; managerial ownership has a significant effect on firm value through capital structure; firm size has a significant effect on firm value through capital structure.

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.

Sign in / Sign up

Export Citation Format

Share Document