scholarly journals The Effect of Firm Size and Profitability on Firm Value with Capital Structure as Intervening Variables in Indonesia

2019 ◽  
Vol 4 (2) ◽  
pp. 55
Author(s):  
Indra Arifin Djashan
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Company Performance ◽  
Purposive Sampling ◽  
The Impact ◽  
The Relationship ◽  
Intervening Variables ◽  
The Capital Structure

This study examines the impact of firm size and profitability on firm value with capital structure as an intervening variable in financial companies listed on the Indonesia Stock Exchange during three years. The method used for sampling is purposive sampling based on predetermined criteria. The number of samples in this study were 73 companies. Measurement of profitability is using ROA and ROE as one indicator to see company performance. The main purpose of companies that have gone public is to increase the prosperity of the owners or shareholders through increasing the value of the company. The results showed that the improvement of profitability and firm size may improve its capital structure. The improvement of profitability and the firm size may increase significantly the firm value. The results of mediating test showed that the capital structure is not able to mediate the relationship between the profitability and firm size to firm value

scholarly journals The Influence of Firm’s Size, Growth, and Profitability on Firm Value with Capital Structure as the Mediator: A Study on the Agricultural Firms Listed in the Indonesian Stock Exchange

2017 ◽  
Vol 9 (8) ◽  
pp. 103 ◽  
Author(s):  
Purwohandoko
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Firm Growth ◽  
Sampling Method ◽  
Stock Exchange ◽  
Corporate Value ◽  
Purposive Sampling ◽  
Size Growth ◽  
The Capital Structure

This study aims to examine the effect of size, growth, and profitability on corporate value with capital structure as a mediator.This study was conducted on agricultural companies listed on the Indonesia Stock Exchange from 2011 to 2014. The population of this study is an agricultural company listed on the Indonesia Stock Exchange period 2011-2014 with a sample of 14 companies, using purposive sampling method. Data were analyzed using smartpal, because this research adds capital structure as mediator variable.The results of this study indicate that firm size and firm growth have no effect on capital structure. Profitability negatively affects the capital structure.

scholarly journals PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN (Studi Empiris pada Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia periode 2013-2017)

2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Ratnasari Dewi Gita ◽  
Ayus Ahmad Yusuf
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Corporate Value ◽  
Purposive Sampling ◽  
Panel Data Regression ◽  
Analysis Technique ◽  
Positive Effect ◽  
The Capital Structure

ABSTRACT�This study aims to test and analyze the effect of Capital Structure, Firm Size and Profitability on Corporate Value both partially and simultaneously of The Mining Sector Companies registered in Indonesian Stock Exchange period 2013-2017. The research method used in this research is descriptive and verificative method with quantitative approach. The population in this research is all mining companies of Indonesian Stock Exchange period 2013-2017. The samples taken by using purposive sampling method and acquired 15 companies. Analysis technique used is panel data regression analysis. The results of this research show that the Capital Structure, Firm Size and Profitability have significant and positive effect on Corporate Value simultaneously. While, the Capital Structure, Firm Size and Profitability have significant and positive effect on Corporate Value partially.�Keyword: Capital Structure (DER), Firm Size (Total Asset), Profitability (ROA) and Firm Value (Tobin�s Q).ABSTRAK�Tujuan dari penelitian ini adalah untuk menguji dan menganalisis pengaruh Struktur Modal, Ukuran Perusahaan dan Profitabilitas terhadap Nilai Perusahaan baik secara parsial maupun secara simultan pada Sektor Pertambangan yang terdaftar di Bursa Efek Indonesia Periode 2013-2017. Metode penelitian yang digunakan dalam penelitian ini yaitu metode deskriptif dan verifikatif dengan pendekatan kuantitatif. Populasi dalam penelitian ini adalah semua perusahaan pertambangan di Bursa Efek Indonesia Periode 2013-2017. Sampel diambil dengan menggunakan metode purposive sampling, dan diperoleh 15 perusahaan. Teknik analisis data yang digunakan adalah analisis regresi data panel. Hasil penelitian menunjukkan bahwa Struktur Modal, Ukuran Perusahaan dan Profitabilitas secara simultan berpengaruh positif signifikan terhadap Nilai Perusahaan. Dan secara parsial menunjukkan hasil bahwa Struktur Modal, Ukuran Perusahaan dan Profitabilitas masing-masing berpengaruh positif signifikan terhadap Nilai Perusahaan.�Kata Kunci: Struktur Modal (DER), Ukuran Perusahaan (Total Aset), Profitabilitas (ROA) dan Nilai Perusahaan (Tobin�s Q).

scholarly journals Analisis Profitabilitas, Ukuran Perusahaan, Struktur Aset, Likuiditas, dan Risiko Bisnis terhadap Struktur Modal Perusahaan Manufaktur di Indonesia

2020 ◽  
Vol 3 (2) ◽  
pp. 282-291
Author(s):  
Velda Lianto ◽  
Annisa Nauli Sinaga ◽  
Elvi Susanti ◽  
Christina Yaputra ◽  
Veronica Veronica
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Manufacturing Companies ◽  
Business Risk ◽  
Purposive Sampling ◽  
The Capital Structure

Capital structure reflects the extent to which companies can manage existing capital to generate profits. The purpose of this research is to examine and analyze the influence of variables of profitability, firm size, asset structure, liquidity, and business risk on the capital structure in Manufacturing companies listed on the Indonesia Stock Exchange in the period of 2015 - 2018. The sampling technique uses purposive sampling by determining 3 criteria. From total of 155 companies, only 69 companies were sampled. The result of this research indicate that profitability has a positive and significant effect on capital structure, firm size has a positive and no significant effect on capital structure, asset structure has no effect and no significant on capital structure, liquidity and business risk have a negative and significant effect on capital structure in Manufacturing companies listed on the Indonesia Stock Exchange in the periode of 2015 -  2018. Keywords: Profitability, Firm Size, Asset Structure, Liquidity, Business Risk and Capital Structure

scholarly journals Relationship Between Capital Structure and Stock Returns of Jordanian Commercial Banks

2020 ◽  
Vol 13 (2) ◽  
pp. 100
Author(s):  
Sufian Radwan Al-Manaseer
Keyword(s):  
Capital Structure ◽  
Stock Returns ◽  
Firm Size ◽  
Commercial Banks ◽  
Negative Impact ◽  
Positive Impact ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
The Impact ◽  
The Relationship

This study aims to analyze the relationship between capital structure and stock returns of Jordanian banks listed on the Amman Stock Exchange from 2009 to 2018. The study sample is composed of 13 commercial banks in Jordan. The e-views program is used to conduct the statistical analysis of study variables. Initially, a simple linear regression analysis is conducted to determine the impact of capital structure as measured by financial leverage on stock returns and vice versa. Then, several control variables are added: growth in assets, liquidity, firm size, and profitability. This study has found that growth, capital structure, and profitability have a positive impact on stock returns. By contrast, liquidity and firm size have a negative impact on stock returns. Stock returns and firm size have a positive impact on capital structure, whereas liquidity, growth, and profitability have a negative impact on capital 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 The Impact of Institutional Ownership and a Firm's Size on Firm Value: Tax Avoidance as a Moderating Variable

2018 ◽  
Vol 3 (1) ◽  
pp. 01-08
Author(s):  
Vince Ratnawati ◽  
Azhari S. ◽  
Desmond Freddy ◽  
Nita Wahyuni
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Tax Avoidance ◽  
Institutional Ownership ◽  
Jel Classification ◽  
Least Square ◽  
Manufacturing Companies ◽  
The Impact ◽  
The Relationship

Objective - The objective of this study is to investigate how institutional ownership and firm size affect firm value. The study also investigates the moderating effect of tax avoidance on the relationship between institutional ownership and the size of a firm on its value. Methodology/Technique - A model was developed and tested using a sample of 66 manufacturing companies listed on the Indonesian Stock Exchange between 2012 and 2014. Findings - The data was collected and analysed using a least square regression and moderated regression analysis. The analysis shows that institutional ownership and firm size affect firm value. The results also indicate that tax avoidance moderates the effect of institutional ownership and that of a firm's size on its value. Type of Paper - Empirical Keywords: Institutional Ownership, Firm Size, Tax Avoidance, Firm Value. JEL Classification: G30, G32, G39.

scholarly journals DO CAPITAL STRUCTURE, PROFITABILITY, AND FIRM SIZE AFFECT FIRM VALUE?

2020 ◽  
Vol 5 (2) ◽  
pp. 194-202
Author(s):  
Ririh Dian Pratiwi
Keyword(s):  
Linear Regression ◽  
Capital Structure ◽  
Multiple Linear Regression ◽  
Firm Size ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Purposive Sampling

The purpose of the research is to analyze whether there is an influence between capital structure, profitability, and firm size on firm value. The population used in this study is the LQ 45 company listed on the Indonesia Stock Exchange (IDX). A sampling of research using a purposive sampling method of determining the certain criteria with a total samples of 31 LQ 45 companies during 2014-2018. The research uses multiple linear regression to analyze the data. The results show that capital structure and profitability evaluate the value of the company. While the size of the company does not oppose the value of the company. The results of this research are expected to provide benefits for the parties, investors, and further researchers.Keywords: Firm Value; Capital Structure; Profitability Firm Size

scholarly journals PENGARUH STRUKTUR MODAL, BIAYA EKUITAS, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN PADA BADAN USAHA MILIK NEGARA (BUMN) YANG TERDAFTAR DI BURSA EFEK INDONESIA

2015 ◽  
Vol 6 (2) ◽  
Author(s):  
Hendry Victory Supit ◽  
Herman Karamoy ◽  
Jenny Morasa
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Equity Capital ◽  
Cost Of Equity ◽  
The Cost ◽  
The Impact ◽  
The Capital Structure

Source of corporate funding is essential to the operations of a firm. The problem that often arises is how companies choose the capital structure that could maximise the firm value but still pay attention to the wishes of investors and creditors to take advantage of the provision of funds through equity capital and debt capital. The purpose of this paper is to examine the impact of capital structure, cost of equity, and dividend policy on the firm value at State Owned Enterprises (BUMN) that are listed in the Indonesia Stock Exchange. The population in this study are all state-owned enterprises listed on the Indonesia Stock Exchange with a study period of 2009 to 2014, totaling 20 companies. Samples were selected using purposive sampling method amounted to 13 companies. The analytical method used multiple linear regression analysis and will be processed first with using classic assumption test. As for the processing of research data using SPSS version 23.0. The test results simultaneously (F test) the capital structure, the cost of equity, and dividend policy have impact on the firm value of state-owned companies in Indonesia. After the partial test (t test), capital structure has negative impact on the firm value, but the cost of equity and dividend policy concluded no impact on firm value.

scholarly journals PENGARUH STRUKTUR MODAL DAN PERUBAHAN LABA TERHADAP NILAI PERUSAHAAN PERDAGANGAN ECERAN DI BURSA EFEK INDONESIA

2019 ◽  
Vol 2 (2) ◽  
pp. 180
Author(s):  
Vargo Christian Tobing
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Retail Trade ◽  
Purposive Sampling ◽  
Equity Ratio ◽  
The Capital Structure

The conduct of this research aims to see how the influence of capital structure and changes in earnings on firm value. The population in this study are retail trade sub-sector companies in the Indonesia Stock Exchange. Determination of the sample using purposive sampling method. The samples studied in this study were 9 companies. The results of the study concluded that the capital structure measured by the ratio of debt to equity ratio has no significant effect on firm value, earnings changes have no significant effect on firm value, and simultaneously, capital structure and earnings changes have no significant effect on firm value.

scholarly journals STRUKTUR MODAL SEBAGAI VARIABEL MODERASI PENGARUH LIKUIDITAS DAN PROFIBILITAS TERHADAP FIRM VALUE

2021 ◽  
Vol 19 (3) ◽  
pp. 457-470
Author(s):  
Irma Indira ◽  
Eva Wany
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Sampling Method ◽  
Banking Sector ◽  
Positive Impact ◽  
Purposive Sampling ◽  
The Relationship ◽  
The Capital Structure ◽  
Research Studies

This research aims to conduct testing as well as know the capital structure moderating the influence of liquidity and profitability on firm vaue. The place where this research was conducted is in IDX where it uses the banking sector. The samples used in this study used  purposive sampling method with samples of 96 companies from 2016 to 2019. In research studies the use of methods is used to explain the relationship and influence on variables using multiple analysts. The results of this study have proven the results if liquidity has a negative and significant impact on the firm value,while profitability has a positive impact on the firm value. The capital structure is able to moderate liquidity in firm value but does not moderate the influence of prifitability on firm value.

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