scholarly journals THE EFFECT OF CAPITAL STRUCTURE ON THE VALUE OF A BUSINESS ENTITY WITH QUADRATIC MODEL TESTING IN PROPEERTY, REAL ESTATE AND BUILDING CONSTRUCTION SECTORS

2015 ◽  
Vol 14 (1) ◽  
Author(s):  
I Putu Suryawan ◽  
Putu Anom Mahadwartha
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Building Construction ◽  
Quadratic Model ◽  
Construction Sector ◽  
Quadratic Regression ◽  
Trade Off ◽  
Selection Of

The purpose of this study was to find empirical evidence on the effect of capital structure on the value of a business entity in accordance with the static trade-off theory. This study used a sample of enterprises in the property, real estate and building construction sector that are listed in the Indonesian Stock Exchange during the period of 2009-2012. The selection of the sample in this study using a non-probability sampling technique with the type of purposive judgment sampling. The samples used in this study are 160 during the years of observation. The method of analysis in this study is using quadratic regression. The findings in this study indicate that capital structure significantly influence the value of a business entity in accordance with the static tradeoff theory.

scholarly journals PENGARUH GROWTH OPPORTUNITY TERHADAP NILAI PERUSAHAAN MELALUI STRUKTUR MODAL (pada Perusahaan Sektor Property, Real Estate & Building Construction yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2014)

2018 ◽  
Vol 4 (2) ◽  
pp. 15-28
Author(s):  
Nova Adhitya Ananda ◽  
I Nyoman Nugraha Ardana P
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Partial Least Square ◽  
Least Square ◽  
Building Construction ◽  
Construction Company ◽  
Growth Opportunity

ABSTRACT  The purpose of this research is to find the influence of growth opportunity and capital structure on firm value. The research objects used is property, real estate and building construction company which listed in Indonesian Stock Exchange in 2011-2014. This research used a purposive sampling technique in determining the research sample. The number of companies chosen as the sample in 37 company of 54 companies registered in property, real estate and building construction sector. This research was included in the explanatory research using quantitative approach. Data analysis method used in this research is partial least square (PLS) analysis. The result showed that in directly growth opportunity and capital structure has a significant effect on firm value. Growth opportunity undirectly has significant effect on the firm value by means of capital structure. Growth opportunity has a positive and significant effect on capital structure and capital structure has a negative and significant effect on firm value.Keywords : Growth Opportunity, Capital Structure and Firm Value

scholarly journals PENGARUH PROFITABILITAS, GROWTH OPPORTUNITY TERHADAP NILAI PERUSAHAAN dengan STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN PROPERTY, REAL ESTATE &BUILDING CONSTRUCTION DI BEI Periode 2011 – 2014

2016 ◽  
Vol 5 (4) ◽  
Author(s):  
Nova Adhitya Ananda
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Partial Least Square ◽  
Least Square ◽  
Building Construction ◽  
Growth Opportunity ◽  
Positive Effect ◽  
The Capital Structure

This research is aimed at determining the effect of profitability, growth opportunity, and capital structure on the value of company. The object of this research is companies in the sector of property, real estate and building construction registered in Indonesian Stock Exchange during the period of 2011-2014. This research is using purposive sampling technique in determining samples. There are 37 out of 54 registered in the sector of property, real estate and building construction companies selected as the samples. The data were analyzed using partial least square (PLS) analysis. The research showed that growth opportunity and capital structure have direct significant effect on the value of company, while the profitability has not affected the value of company. Growth opportunity indirectly has positive effect on the value of company through the capital structure. Growth opportunity has positive effect on the capital structure. Profitability has positive and significant effect on the capital structure while capital structure has negative effect on the value of company.Key Words : Growth Opportunity, Profitability, Capital Struture And Value Of Company.

scholarly journals PENGARUH GROWTH OPPORTUNITY TERHADAP NILAI PERUSAHAAN MELALUI STRUKTUR MODAL (pada Perusahaan Sektor Property, Real Estate & Building Construction yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2014)

2018 ◽  
Vol 4 (1) ◽  
pp. 14-26
Author(s):  
Nova Adhitya Ananda ◽  
I Nyoman Nugraha Ardana P
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Partial Least Square ◽  
Least Square ◽  
Building Construction ◽  
Construction Company ◽  
Growth Opportunity

ABSTRACT  The purpose of this research is to find the influence of growth opportunity and capital structure on firm value. The research objects used is property, real estate and building construction company which listed in Indonesian Stock Exchange in 2011-2014. This research used a purposive sampling technique in determining the research sample. The number of companies chosen as the sample in 37 company of 54 companies registered in property, real estate and building construction sector. This research was included in the explanatory research using quantitative approach. Data analysis method used in this research is partial least square (PLS) analysis. The result showed that in directly growth opportunity and capital structure has a significant effect on firm value. Growth opportunity undirectly has significant effect on the firm value by means of capital structure. Growth opportunity has a positive and significant effect on capital structure and capital structure has a negative and significant effect on firm value.Keywords : Growth Opportunity, Capital Structure and Firm Value

scholarly journals Pengaruh Struktur Modal, Likuiditas, Tingkat Pertumbuhan, dan Efisiensi terhadap Profitabilitas

2020 ◽  
Vol 2 (3) ◽  
pp. 673
Author(s):  
Desi Agustina ◽  
Indra Widjaja
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sampling Technique ◽  
Comparison Method ◽  
Building Construction ◽  
Ex Post ◽  
Ex Post Facto

This study aims to examine the effect of capital structure, liquidity, growth rates, and efficiency on profitability. This study uses a non-experimental quantitative research design and a causal comparison method (Ex-post facto)with secondary data (data taken from the company's financial statements) from 41 companies in the Property, Real Estate, and Building Construction companies on the Indonesia Stock Exchange in the 2014-2017 period. The sample is determined by judgmental sampling technique. Hypothesis testing through multiple linear regression test. The results found that empirically capital structure has a positive and significant effect on profitability. Liquidity has a negative and not significant effect on profitability. The growth rate has a positive and significant effect on profitability. And finally, efficiency has a positive and significant effect on profitability.Penelitian ini bertujuan untuk menguji pengaruh struktur modal, likuiditas, tingkat pertumbuhan, dan efisiensi terhadap profitabilitas. Penelitian ini memakai desain penelitian kuantitatif non-eksperimental dan metode perbandingan kausal (Ex-post Facto) dengan data sekunder (data diambil dari laporan keuangan perusahaan) dari 41 perusahaan Industri Properti, Real Estate, dan Building Construction di BEI periode 2014-2017. Sampel ditentukan dengan teknik judgemental sampling. Pengujian hipotesis melalui uji regresi linier ganda. Hasil penelitian menemukan bahwa secara empiris struktur modal memiliki pengaruh positif dan signifikan terhadap profitabilitas. Likuiditas memiliki pengaruh negatif dan tidak signifikan terhadap profitabilitas. Tingkat pertumbuhan memiliki pengaruh positif dan signifikan terhadap profitabilitas. Dan terakhir, efisiensi memiliki pengaruh positif dan signifikan terhadap profitabilitas.

scholarly journals Pengaruh Profitabilitas dan Leverage Terhadap Nilai Perusahaan dengan Kebijakan Dividen Sebagai Variabel Intervening Pada Perusahaan Sektor Property, Real Estate & Building Construction yang Terdaftar Di Bursa Efek Indonesia Tahun 2015-2019

2021 ◽  
Vol 6 (1) ◽  
pp. 25
Author(s):  
Ria Rahmawati ◽  
Risal Rinofah
Keyword(s):  
Real Estate ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sampling Technique ◽  
Population Data ◽  
Building Construction ◽  
Construction Sector ◽  
Positive Effect

This research is to find out the effect of profitability and leverage on firm value with dividend policy as intervening variable in property, real estate & building construction sector companies listed on the Indonesia Stock Exchange in 2015-2019. This type of research is clausal associative. The population used in this reseach is the property, real estate & building construction sector companies listed on the Indonesia Stock Exchange in 2015-2019. The type of data used in this research is secondary data and data collection uses the documentation method. While the sampling in this study using purposive sampling technique. The population data of the study were 83 companies and obtained sample of 10 companies so that the research data amounted to 50. The analysis technique used multiple linear regression and sobel test. The results showed that profitability had a negative effect on dividend policy, leverage had a positive effect on dividend policy, while profitability, leverage, and dividend policy had a positive effect on firm value. Dividend policy can’t mediated between profitability and leverage on firm value.

scholarly journals Financial Performance Analysis Before and After the Initial Public Offering (IPO)

2020 ◽  
Vol 4 (3) ◽  
pp. 323-328
Author(s):  
Linda Novita Dewi ◽  
Dicky Jhoansyah ◽  
Kokom Komariah
Keyword(s):  
Real Estate ◽  
Financial Performance ◽  
Initial Public Offering ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Building Construction ◽  
Construction Sector ◽  
Before And After ◽  
Public Offering ◽  
Profitability Ratios

During the 2014 presidential election, the performance of the property sector, real estate, and construction of national buildings reached 55.76%. However, in the following year, the performance of the property, real estate, and building construction sector declined and continued until 2018. Therefore many companies from this sector decided to take the floor on the Indonesian stock exchange. with this, it is hoped that the financial performance of this sector will improve. The purpose of this study was to determine whether there was an increase or not in the financial performance of the property, real estate, and building construction sector which was conducted in IPO 2017 on the Indonesia stock exchange. The research method used in this study is quantitative. The sampling technique used was purposive sampling technique with predetermined criteria. and obtained four companies selected as research samples. Data analysis techniques used in this study are horizontal analysis with liquidity ratios, activities, solvency, and profitability ratio. the results of this study are there is an increase in financial performance after the IPO with solvency ratios and there is a decrease in financial performance after IPO with liquidity ratios, activity ratios, and profitability ratios

scholarly journals PENGARUH GROWTH OPPORTUNITY, PROFITABILITY, BUSINESS RISK DAN SIZE TERHADAP STRUKTUR MODAL (Studi Pada Perusahaan Property dan Real Estate Yang Terdaftar Di BEI Periode 2009-2017)

2019 ◽  
Vol 2 (2) ◽  
Author(s):  
Ashop Barqoya
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Significant Influence ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Business Risk ◽  
Return On Equity ◽  
Real Estate Sector ◽  
Growth Opportunity ◽  
Turn Over

The purpose of this study was to determine the effect of growth opportunity, profitability, business risk, and size on the company's capital structure either partially or simultaneously.The object of research used is the property and real estate sector companies listed on the Indonesia Stock Exchange in 2009-2017. This study uses a purposive sampling technique in determining research samples. the number of companies selected as the study sample were 18 companies registered in the property and real estate sector. This study uses a quantitative approach. The results showed that partially growth opportunity and size had not significant effect, while  profitability and business risk had a significant effect on capital structure. the results of testing simultaneously growth opportunity, profitability, business risk, and size have a significant influence on the capital structure.  Turn Over ratio, Gross Profit Margin and Return On Equity show unfavorable conditions.

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.

scholarly journals PEGARUH PROFITABILITAS, UKURAN PERUSAHAAN, PERTUMBUHAN PENJUALAN DAN STRUKTUR AKTIVA TERHADAP STRUKTUR MODAL

Media Ekonomi ◽  
2016 ◽  
Vol 16 (2) ◽  
pp. 250
Author(s):  
Vera Melia Suci ◽  
Erny Rachmawati
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Positive Affect ◽  
Firm Size ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Observation Time ◽  
Sales Growth ◽  
Negative Effect ◽  
The Capital Structure

This study is to analize the effects of profitability, firm size, sales growth, and assets structure to the capital structure among property and real estate companies listed in the Indonesian Stock Exchange in the period of 2011-2014. The sample were selected based on purposive sampling technique. To the total number of 43 different companies with a fouryear observation time, so the samples would be 172 observations. The study used a secundary data in the for of financial site Indonesian Stock Market (BEI), such as www.idx.co.id.The result of the research showed that profitability does not affect to the capital structure, The firm size has a positive affect to the capital struture. The last two variables growth sales and assets structure have any negative effect to the capital structure. Keyword: capital strucrure, profitability, firm size, sales growth, assets structure.

scholarly journals Analisis Faktor-Faktor yang Mempengaruhi Financial Distress pada Perusahaan Sektor Property, Real Estate, dan Building Construction di Indonesia

2019 ◽  
Vol 5 (2) ◽  
pp. 1411-1422
Author(s):  
Miftahul Fauzy ◽  
Sri Astuti ◽  
Indra Kusumawardhani
Keyword(s):  
Real Estate ◽  
Financial Distress ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Building Construction ◽  
Sales Growth ◽  
Return On Assets ◽  
Analysis Techniques ◽  
Construction Companies ◽  
Asset Turnover

This study aims to determine and test the factors that influence financial distress. The factors in this study are liquidity, profitability, activity, and sales growth. Financial distress is measured using the Springate method. Liquidity is measured using the formula Current Ratio (CR), Return On Assets (ROA) is used to measure profitability, Total Asset Turnover (TAT) is used to measure activity and Sales Growth is measured by sales per year. The population in this study was 73 property, real estate, and building construction companies listed on the Indonesia Stock Exchange in the 2013-2017 period. Based on purposive sampling technique, 18 company samples were obtained that met the criteria for five years of observation with a total of 90 observational data. Data analysis techniques in this study used logistic regression analysis. The results showed that liquidity, profitability, and activities had a significant effect on financial distress, while sales growth had no effect on financial distress in property, real estate, and building construction companies listed on the Indonesia Stock Exchange in the 2013-2017 period.

Sign in / Sign up

Export Citation Format

Share Document