scholarly journals Capital structure as a mediation variable: Profitability and liquidity on company value in real estate companies in Indonesia stock exchange

2019 ◽  
Vol 6 (4) ◽  
pp. 62-72
Author(s):  
I Gede Wibawa Reska Putra ◽  
Ida Bagus Panji Sedana
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Participant Observation ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Company Value ◽  
Analysis Technique ◽  
Real Estate Company

The purpose of this study is to determine the effect of variable profitability, liquidity, and capital structure on the firm value in real estate companies listed on the Indonesia Stock Exchange (IDX). The population of this study is a real estate company listed on the Indonesia Stock Exchange (IDX) for the period 2013-2017. The method of determining the sample in this study used a purposive sampling method, with several predetermined criteria, then the number of selected samples was 26 companies. Data collection is done using the method of non-participant observation. The data analysis technique used is path analysis which is an extension of the multiple linear regression analysis techniques. Based on the results of the analysis of the study shows that the variables of profitability, liquidity, and capital structure have a positive and significant effect on firm value. The results of the Sobel test also show that the capital structure variable is able to mediate the relationship between profitability and liquidity towards firm value.

IMPLIKASI STRUKTUR MODAL, KEPEMILIKAN MANAJERIAL, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN PADA SUB SEKTOR PROPERTI DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2014-2019

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Oktarias Fatmawati ◽  
Gendro Wiyono ◽  
Agus Dwi Cahya
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Managerial Ownership ◽  
Normality Test ◽  
Analysis Technique

The purpose of this study was to determine the implications of the variable capital structure, managerial ownership, and dividend policy on firm value in the property and real estate sub sector listed on the Indonesia Stock Exchange (IDX) for the 2014-2019 period. The sample in this research is property and real estate companies listed on the Indonesia Stock Exchange (IDX) for the 2014-2019 period with a total of 6 companies obtained using the purposive sampling method. The data analysis technique uses multiple linear regression analysis which is supported by classical assumption tests such as normality test, multicollinearity test, heteroscedasticity test, and autocorrelation test. The results of this study indicate that capital structure has a positive and significant effect on firm value, managerial ownership has a positive and significant effect on firm value, while dividend policy has no significant effect on firm value. Simultaneously, capital structure, managerial ownership, and dividend policy have a positive and significant effect on firm value. Keywords: Capital Structure, Managerial Ownership, Dividend Policy dan Firm Value

scholarly journals The Effect of Ownership Structure and Financial Performance on Firm Value with Dividend Policy as Moderating Variable at Property and Real Estate Companies

2020 ◽  
Vol 5 (7) ◽  
pp. 638-645
Author(s):  
Witya Shalini ◽  
Erlina . ◽  
Prihatin Lumban Raja
Keyword(s):  
Real Estate ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Institutional Ownership ◽  
Multiple Linear Regression Analysis ◽  
Managerial Ownership ◽  
Company Value

This study aims to determine managerial ownership, institutional ownership, liquidity, leverage, and profitability on firm value with dividend policy as a moderating variable. This type of research is explanatory research with a quantitative approach. The population used in this study are property and real estate companies listed on the Indonesia Stock Exchange from 2010 to 2018. The sampling technique uses purposive sampling so that the selected sample is 16 companies. This study uses descriptive statistical data analysis and multiple linear regression analysis. The results of this study indicate that 1). Managerial Ownership, Institutional Ownership, and Liquidity do no effect on Company Value. 2). Leverage has a negative and significant impact on Company Value. 3). Profitability has a positive and significant impact on Company Value. 4). Dividend Policy cannot moderate the effect of the Managerial Ownership relationship on Company Value. 5). Dividend policy can partially influence the relationship of Institutional Ownership, Liquidity, Leverage, and Profitability to Company Value.

scholarly journals The Influence of Good Corporate Governance and Capital Structure on Firm Value: The Mediation Role of Financial Performance

2020 ◽  
Vol 35 (2) ◽  
pp. 230
Author(s):  
Ridwan Nurazi ◽  
Intan Zoraya ◽  
Akram Harmoni Wiardi
Keyword(s):  
Corporate Governance ◽  
Capital Structure ◽  
Financial Performance ◽  
Firm Value ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Company Value ◽  
Good Corporate Governance ◽  
The Impact

<pre>The objective of this study is empirically identify the impacts of Good Corporate Governance and capital structure on firm value with financial performance as intervening variable. We operate quantitative approach within the scope of manufacturing company of metal, chemical, and plastic packaging sector which listed in Indonesia Stock Exchange during the 2017-2018 periods as the population. Samples are chosen by purposive sampling method inwhich the company must report the financial statement in a row, obtained 79 observations. The data analysis technique used is financial ratio analysis to determine the condition of the business financial ratios of the variables studied. Data were analyzed using multiple linear regression analysis. The result shows that corporate governance and capital structure influence the firm value, moreover the use of institutional ownership ratio and capital structure will increase the value of the firm. The result also shows that the impact of Corporate governance and capital structure on the company value are mediated by financial performance. It means that the value of the firm can increase if the company able became an effective monitoring tool.</pre>

scholarly journals DETERMINAN STRUKTUR MODAL PADA PERUSAHAAN PROPERTY AND REAL ESTATE DI INDONESIA

2020 ◽  
Vol 9 (3) ◽  
pp. 948
Author(s):  
I Putu Adi Sumardika ◽  
Luh Gede Sri Artini
Keyword(s):  
Regression Analysis ◽  
Real Estate ◽  
Capital Structure ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Financial Difficulties ◽  
Analysis Technique ◽  
Company Growth ◽  
Observation Period

Capital structure is an important thing to consider by companies in order to avoid financial difficulties and the potential of bankruptcy. This study aims to determine the effect of profitability, asset structure, and company growth towards capital structure. This research was conducted on property and real estate companies listed in Indonesia Stock Exchange during 2014 - 2018. The number of samples used in this study are 27 companies with an observation period of 5 years. The analysis technique used is multiple linear regression analysis. The results showed that profitability has no significant effect on capital structure, but asset structure and company growth have positive and significant effect on capital structure. Keywords: capital structure, profitability, asset structure, company growth.

scholarly journals PENGARUH PROFITABILITAS, LEVERAGE DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN PROPERTI, REAL ESTATE DAN KONSTRUKSI BANGUNAN

2019 ◽  
Vol 8 (9) ◽  
pp. 5632
Author(s):  
Putu Diah Melinda Yanti ◽  
Nyoman Abundanti
Keyword(s):  
Real Estate ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Factors Affecting ◽  
Construction Companies ◽  
Company Value ◽  
Observation Method

This study was conducted to examine the effect of profitability, leverage and dividend policy on the value of companies in property, real estate and building construction companies on the Indonesia Stock Exchange which distributed dividends in a period between 2014 and 2017. Thirteen samples were examined. (13) companies selected through purposive sampling method that determines certain criteria in determining samples to be used in the observation period for four years. The data collection method used in this study is a nonparticipant observation method, namely by observing the company's financial statements. Data analysis was done by multiple linear regression analysis techniques. Based on the results of the analysis it was found that profitability and leverage had a significant positive effect on firm value, while dividend policy had a negative and insignificant effect. This indicates that dividend policy is not one of the main factors affecting the value of the company. Keywords: company value, dividend, profitability, leverage

scholarly journals Pengaruh Likuiditas, Kebijakan Dividen, Profitabilitas, dan Ukuran Perusahaan pada Nilai Perusahaan

2019 ◽  
pp. 1263
Author(s):  
Gusti Ayu Putri Cahyani ◽  
Ni Gusti Putu Wirawati
Keyword(s):  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Company Size ◽  
Company Value ◽  
Analysis Technique ◽  
Positive Effect

Signal theory emphasizes that company information can be responded differently by investors. One method used to analyze company value is using the Price to Book Value (PBV) approach. This study aims to analyze the effect of liquidity, dividend policy, profitability, and firm size on firm value. This research was conducted on companies listed in the LQ 45 index on the Indonesia Stock Exchange in 2013-2016. The number of samples taken as many as 10 companies used the nonprobability sampling method with a purposive sampling technique, so that the number of samples during the 4 years of observation became 40 companies. The data analysis technique used is multiple linear regression analysis. The results of the analysis show that liquidity and profitability have a positive effect on firm value, while dividend policy and company size have no effect on firm value. Keywords: Liquidity, dividend policy, profitability, company size, and company value

scholarly journals Profitabilitas, Kepemilikan Manajerial, Kebijakan Dividen dan Nilai Perusahaan

2021 ◽  
Vol 31 (8) ◽  
pp. 2142
Author(s):  
Anak Agung Gede Alit Pramana Putra ◽  
Gerianta Wirawan Yasa
Keyword(s):  
Firm Value ◽  
Stock Exchange ◽  
Participant Observation ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Building Construction ◽  
Managerial Ownership ◽  
Analysis Technique ◽  
Positive Effect

The purpose of this study is to provide empirical evidence regarding the effect of financial and non-financial ratios on firm value. This research was conducted on a building construction sub-sector company on the Indonesia Stock Exchange (IDX). The number of samples taken was 32 observational samples, with non-probability sampling method, especially the sampling technique, namely purposive sampling. Data collection is done by non-participant observation. The analysis technique used is multiple linear regression analysis technique. The results of the analysis show that profitability, managerial ownership and dividend policy have a positive effect on the value of the building construction sub-sector companies on the Indonesia Stock Exchange in the 2016-2019. Keywords: Firm Value; Profitability; Managerial Ownership; Dividend.

scholarly journals Pengaruh Struktur Modal, Perputaran Modal Kerja, dan Ukuran Perusahaan Terhadap Nilai Perusahaan

Owner ◽  
2021 ◽  
Vol 5 (1) ◽  
pp. 208-218
Author(s):  
Nugi Mohammad Nugraha ◽  
Neneng Susanti ◽  
Muhammad Rhamadan Setiawan
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Annual Reports ◽  
Company Size ◽  
Working Capital

This study aims to obtain empirical evidence regarding the effect of capital structure, working capital turnover, and firm size on firm value. This research is focused on the property and real estate sub-sector companies listed on the Indonesia Stock Exchange for the period 2014-2018. The population in this study were all property and real estate sub-sector companies listed on the Indonesia Stock Exchange as many as 54 companies. The number of observations in this study was as many as 130 company annual reports with 26 research samples obtained by non-probability sampling method, namely purposive sampling technique. The type of data used is panel data which is a combination of time series and cross-section data. The analysis technique used in this research is multiple linear regression analysis. The results of the analysis show that partially the three independent variables, namely capital structure, working capital turnover, and company size have a significant effect on firm value. Simultaneously, Capital Structure, Working Capital Turnover, and Company Size have a significant effect on Firm Value. The adjusted R square value is 32.15% of the Firm Value in the property and real estate sub-sector companies listed on the Indonesia Stock Exchange can be explained by the Capital Structure, Working Capital Turnover, and Company Size, while the remaining 67.85% is influenced by other variables. which were not examined in this study

scholarly journals PENGARUH LIKUIDITAS DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING PADA PT DHARMA SAMUDERA FISHING INDUSTRIES, Tbk YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 7 (1) ◽  
pp. 92-100
Author(s):  
Septiany Velita ◽  
Yansen Siahaan ◽  
Jubi Jubi ◽  
Nelly Ervina
Keyword(s):  
Regression Analysis ◽  
Linear Regression ◽  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Analysis Data ◽  
Multiple Linear Regression Analysis ◽  
Analysis Technique

The purpose of the research is to find description of liquidity, capital structure, profitability, and firm value, the influence of liquidity and capital structure to the profitability, and the influence of profitability to the firm value at PT Dharma Samudera Fishing Industries, Tbk listed in Indonesia Stock Exchange. The research used descriptive qualitative analysis and descriptive quantitative analysis. Data collection is done by using documentation method. The analysis technique used is the classical assumption test, multiple linear regression analysis, simple linear regression analysis, correlation coefficient, determination coefficient, and hypotesis testing. The data analysis was carried out using the IBM SPSS Statistic program version 20.The result of this research show that 1. Based on the first hypotesis testing, liquidity and capital structure have a significant effect to profitability. 2. Based on the second hypotesis testing, liquidity has no significant effect, but capital structure has significant effect to profitability. 3. Based on the third hypotesis testing, profitability has significant effect to firm value. The suggestions of this research is that company should control the liquid assets to increase profit, manage the long term debt, increase sales, and minimize the operational expenses. Furthermore, for the next researchers needs to research the other factor that effect the firm value. Keywords: Liquidity, Capital Structure, Profitability, and Firm Value.

scholarly journals PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN, STRUKTUR MODAL, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN MAKANAN DAN MINUMAN

2019 ◽  
Vol 8 (4) ◽  
pp. 2297
Author(s):  
I Gusti Ayu Diah Novita Yanti ◽  
Ni Putu Ayu Darmayanti
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Participant Observation ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Observation Methods ◽  
Food And Beverage ◽  
Saturated Sample

The purpose of the study was to determine the effect of firm value on profitability, firm size, capital structure, and liquidity in food and beverage companies on the Indonesia Stock Exchange (BEI) in 2014-2017. The sample determination method used in the study was using saturated sample method, so that the number of samples studied were 13 companies. Data collection methods are non-participant observation methods. This study uses multiple linear regression analysis. The results showed that profitability, firm size, capital structure, and liquidity had a positive and significant effect on the value of the company in food and beverage companies on the Indonesia Stock Exchange in the 2014-2017 period. Keyword: firm value, profitability, company size, capital structure and liquidity

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