PENGARUH FIRM SIZE DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL MEDIASI

Corporate Value ◽

Negative Effect ◽

The purpose of this study is to determine the significance of Firm Size, Profitability, and Capital Structure to Corporate Value and to know the significance of Firm Size and Profitability influence on Capital Structure. This research was conducted at Consumer Goods Industry Company which listed in BEI period 2012-2016, using purposive sampling method with total sample of 24 companies. Data collection method used is non participant observation method. This research uses path analysis technique (path analysis). Based on the results of the analysis that has been done concluded that Firm Size and Capital Structure have a significant positive effect on Corporate Value. While Profitability has a significant negative effect on Corporate Value. Other results conclude Firm Size has a significant positive effect on Capital Structure. While Profitability have significant negative effect to Capital Structure. Capital Structure is able to mediate the influence of Firm Size on Corporate Value. Capital Structure is not able to mediate the effect of Profitability on Corporate Value.

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

International Journal of Science, Technology & Management ◽

10.46729/ijstm.v2i4.286 ◽

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 ◽

Financial Flexibility ◽

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.

Profitabilitas menjadi pemediasi untuk variabel yang mempengaruhi struktur modal (Studi pada Bank Umum Syariah di Indonesia periode 2016-2020)

JURNAL EKONOMI DAN BISNIS ISLAM ◽

10.32505/j-ebis.v6i2.3266 ◽

2021 ◽

pp. 160-187

Author(s):

Indah Lestari

Keyword(s):

Capital Structure ◽

Commercial Banks ◽

Sampling Technique ◽

Tax Shield ◽

Growth Opportunity ◽

Negative Effect ◽

Debt Tax Shield ◽

The purpose of this study is to find out and analyze whether there is an Influence of Liquidity, Growth Opportunity, Asset Structure, and Non Debt Tax Shield on Capital Structure with Profitability as an Intervening Variable in Islamic Commercial Banks Registered at OJK 2016-2020 ". This research is a quantitative research using data sources derived from secondary data, namely the annual report. The sampling technique used in this research is purposive sampling technique. Of the 14 Islamic commercial banks registered with the OJK, only 11 are in accordance with the sample criteria in this study. This study uses the Eviews 9 application as a tool for data processing. The analytical methods used in this research are stationarity test, panel data regression model test, classical assumption test, regression test, and path analysis test. The results obtained in this study are liquidity has a significant negative effect on capital structure. Growth opportunity and asset structure have a significant positive effect on capital structure. Meanwhile, the non-debt tax shield and profitability variables have no significant positive effect on capital structure. Liquidity has no significant negative effect on profitability, growth opportunity has no significant positive effect on profitability. Asset structure has a significant positive effect on profitability, while non-debt tax shield has a significant negative effect on capital structure. From the results of the path analysis conducted in this study, profitability was not able to mediate the variables of liquidity, growth opportunity, and non-debt tax shield on capital structure, but for the asset structure variable profitability was able to mediate the influence of asset structure on capital structure.

Analisis Pengaruh Rasio Aktivitas, Leverage Keuangan Terhadap Nilai Perusahaan Dengan Profitabilitas Ssebagai Variabel Intervening Pada Perusahaan Perkebunan Yang Terdaftar Di Bursa Efek Indonesia “BEI” (Periode 2015-2017)

Akutansi Bisnis & Manajemen ( ABM ) ◽

10.35606/jabm.v25i2.378 ◽

2018 ◽

Vol 25 (2) ◽

pp. 134

Author(s):

Marli Marli

Keyword(s):

Path Analysis ◽

Stock Exchange ◽

Corporate Values ◽

Financial Reports ◽

Negative Effect ◽

Asset Turnover ◽

Equity Ratio ◽

This study aims to examine and analyze the effect of the proxied ratio of activities with Total Asset Turnover and Leverage proxied by the Debt to Equity Ratio on Corporate Values proxied with Price to Book Value with Profitability proxied with Return On Assets as an intervening variable through Annual Financial Reports That Have Been Compiled By Plantation Subsector Companies listed on the Indonesia Stock Exchange. The Population In This Study Is Obtained By Using Purposive Sampling Methods In Plantation Companies Listed On The Indonesia Stock Exchange (IDX) During the 2015-2017 Period and based on the criteria that have been determined, a sample of 14 plantation companies is obtained. The analysis method used is Path Analysis, the development of multiple linear regression. By using multiple regression analysis, TATO has a significant positive effect on ROA. While DER has a significant negative effect on ROA. The TATO variable has a significant positive effect on PBV. DER variable has a significant negative effect on PBV and ROA has a significant positive effect on PBV. Based on path analysis and Sobel Test, it can be concluded that ROA mediates the effect of TATO on PBV. However, ROA does not mediate the effect of DER on ROA.

Does Financial Ratios and Company Size Affect Dividend Payout Ratio?

EkBis Jurnal Ekonomi dan Bisnis ◽

10.14421/ekbis.2020.4.1.1246 ◽

2020 ◽

Vol 4 (1) ◽

pp. 393

Author(s):

Nuriatullah Nuriatullah

Keyword(s):

Stock Exchange ◽

Total Sample ◽

Linear Regression Method ◽

Analysis Tool ◽

Return On Assets ◽

Dividend Payout ◽

Negative Effect ◽

The purpose of this study was to determine whether the Loan to Deposit Ratio (LDR), Debt to Equity Ratio (DER), Growth, Return On Assets (ROA), and Firm Size have an effect on the Dividend Payout Ratio (DPR). The data used in this research is secondary data in the form of banking financial performance data, and is obtained from the Annual Financial Statements of Commercial Banks listed on the Indonesia Stock Exchange 2015-2018. Banking used is 30 companies with a total sample of 120. The data is pooled data. The data were analyzed by using the multiple linear regression method with the SPSS analysis tool. LDR has a significant positive effect on the DPR, DER has a significant negative effect on the DPR, Growth has a significant negative effect on the DPR, Return on Assets (ROA) has a significant positive effect on the DPR, Bank Size has a significant positive effect on the DPR. Overall, the independent variables together have a significant effect on the DPR.

PENGARUH PERUBAHAN PENJUALAN, ASSET INTENSITY, PROFITABILITY, SIZE, DAN LEVERAGE TERHADAP COST STICKINESS

Jurnal Muara Ilmu Ekonomi dan Bisnis ◽

10.24912/jmieb.v2i2.1609 ◽

2019 ◽

Vol 2 (2) ◽

pp. 411

Author(s):

Evelyn Evelyn

Keyword(s):

Empirical Evidence ◽

Firm Size ◽

Stock Exchange ◽

Debt Level ◽

Negative Effect ◽

The Cost ◽

Cost Stickiness ◽

This study aims to obtain empirical evidence on the effect of changes in sales, asset intensity, profitability, firm size, and debt level to cost stickiness on all companies listed in Indonesia Stock Exchange in period 2012-2016. The number of sample companies used in this study is 150 companies. The results of this study indicate that on the net sales condition increased, the increase of SGA cost is higher than the decrease of SGA cost at the time of net sales decrease, asset intensity have a significant positive effect to cost stickiness, profitability has no significant effect on cost stickiness, firm size has no effect significant to the cost stickiness, and the level of debt has a significant negative effect on the cost stickiness. Keyword: Cost Stickiness, Asset Intensity, Profitability, Sales changes and Size

PENINGKATAN KUALITAS AUDIT : SUATU STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR INDONESIA

RISTANSI: Riset Akuntansi ◽

10.32815/ristansi.v1i1.332 ◽

2021 ◽

Vol 1 (1) ◽

pp. 1-9

Author(s):

Asih Machfuzhoh

Keyword(s):

Firm Size ◽

Sampling Method ◽

Audit Quality ◽

Stock Exchange ◽

Secondary Data ◽

Audit Fee ◽

Negative Effect ◽

This study aims to determine the effect firm size, rotation audit, and audit fee for audit quality.The population in this study are manufactur companies listed on the Indonesia Stock Exchange during the period 2015-2018. Using the purposive sampling method, there were 31 companies complying criteria as samples. This study used secondary data from Indonesia Stock Exchange website. The results of this study indicate that: (1) Firm size has a significant positive effect on audit quality. (2) rotation audit a significant negative effect on audit quality. (3) audit fee has a significant positive effect on audit quality.

Effect of Firm Size on Sales Growth with Capital Structure as An Intervening Variable

Journal of International Conference Proceedings ◽

10.32535/jicp.v4i1.1131 ◽

2021 ◽

Vol 4 (1) ◽

pp. 93-103

Author(s):

Shafarina Dewi Kusuma ◽

Nurika Restuningdiah ◽

Puji Handayati

Keyword(s):

Capital Structure ◽

Path Analysis ◽

Direct Effect ◽

Firm Size ◽

Indirect Effect ◽

Consumer Goods ◽

Research Approach ◽

Sales Growth ◽

The increasing need for consumer goods can cause the sectors of consumer goods are trying to increase their production activity which is supported by the firm's performance. It gives a signal of the high level of cash flow in the future and as a positive signal to creditors as an indication of the firm's sales growth. The purpose of this research is to test the validity of trade-off theory and resource-based view theory. In addition, this study aims to determine the direct effect and indirect effect between firm size on sales growth through capital structure. The sample used in this study are the sixteen companies for three years and those were tested by using path analysis and uses a quantitative research approach. The results of this study prove that firm size has a significant positive effect on sales growth through capital structure, which is proven based on the comparison of the indirect effect with the direct effect. This study aims to determine the direct effect and indirect effect between firm size on sales growth through capital structure. The sample used in this study is sixteen consumer goods sector companies that are listed on the Indonesia Stock Exchange throughout 2016-2018. Sixteen companies were tested using path analysis. The result of this study shows that firm size has a significant positive effect on sales growth through capital structure, which is proven based on the comparison of the indirect effect with the direct effect.

Pengaruh ROA, Pertumbuhan Penjualan, Likuiditas dan Ukuran Perusahaan terhadap Struktur Modal Perusahaan Manufaktur Sektor Makanan dan Minuman di BEI

Owner ◽

10.33395/owner.v6i1.589 ◽

2022 ◽

Vol 6 (1) ◽

pp. 348-358

Author(s):

Metyria Imelda Hutabarat

Keyword(s):

Capital Structure ◽

Stock Exchange ◽

Company Size ◽

Sales Growth ◽

Food And Beverage ◽

Negative Effect ◽

Positive Effect ◽

Size Variable

Food and beverage companies are industries that compete in the world market and make major contribution to the value of national exports. Companies that have good capital structure have a good reputation and affect the high stock price. This research aimed to find out the effect of ROA, sales growth, liquidity, company size variable to capital structure variable in annual report listed on the Indonesia Stock Exchange year 2017–2019. The population are all food and beverage manufacturing companies listed on the Indonesia Stock Exchange, and obtained samples of amount 14 companies. The type of this research is a quantitative study. The data analysis used several analyzes, namely multiple linear analysis, the coefficient of determination test, the classical assumption test, R2 test, the F test, and the t test. Based on the results of this research, that partially profitability has significant positive effect on capital structure. Sales growth has no significant negative effect on capital structure. Liquidity has no significant negative effect on capital structure. Company size variable has significant positive effect on capital structure. The results of F test show that profitability, sales growth, liquidity, company size have significant positive effect on capital structure.

PENGARUH RISIKO PERUSAHAAN, INTENSITAS ASET TETAP DAN UKURAN PERUSAHAAN TERHADAP AGGRESSIVE TAX AVOIDANCE

Jurnal Akuntansi Trisakti ◽

10.25105/jat.v7i1.6325 ◽

2020 ◽

Vol 7 (1) ◽

pp. 111

Author(s):

Muhammad Rizky ◽

Windhy Puspitasari

Keyword(s):

Firm Size ◽

Risk Taking ◽

Tax Avoidance ◽

Fixed Asset ◽

Negative Effect ◽

Aggressive Tax Avoidance ◽

Corporate Risk ◽

<p><em>This study aims to examine the effect of corporate risk taking, intensity of fixed asset and firm size on aggressive tax avoidance. This study uses secondary data from is manufacturing company during 2016-2018. Techniques and sampling used are using by purposive sampling. The data analysis technique used is multiple regression with the help of Statistical Package For Social Science (SPSS). The results of this study indicate that first, corporate risk taking has a significant positive effect on aggressive tax avoidance where the significance value is 0,002 < 0.05. Second, intensity of fixed asset has a significant negative effect on aggressive tax avoidance where the significant value is 0.000 < 0.05. Third, firm size has a significant negative effect on agggressive tax avoidance where the significant value is 0.019 <0.05. The conclusion of the study shows: 1) The corporate risk taking has a significant positive effect on aggressive tax avoidance, 2) Intensity of fixed asset has a significant negative effect on aggressive tax avoidance, 3) Firm size has a significant negative effect on aggressive tax avoidance.</em></p>

Pengaruh Ukuran Perusahaan (Size) Dan Struktur Modal Terhadap Nilai Perusahaan

BALANCE: Economic, Business, Management and Accounting Journal ◽

10.30651/blc.v16i1.2457 ◽

2019 ◽

Vol 16 (1) ◽

Author(s):

Marista Oktaviani ◽

Asyidatur Rosmaniar ◽

Samsul Hadi

Keyword(s):

Data Analysis ◽

Capital Structure ◽

Company Size ◽

Manufacturing Companies ◽

Dividend Distribution ◽

Negative Effect ◽

Positive Effect ◽

The Capital Structure

ABSTRACT The purpose of this research is to find out whether the size of the company (SIZE) and the Capital Structure of the Value of the Company with the Distribution of Dividends as a variable intervening. The study period was 2011-2015 with a sample of 400 manufacturing companies listed on the IDX. Data analysis using PLS Warp. SIZE results have a significant negative effect on PBV, capital structure does not affect PBV, dividend distribution has a significant positive effect on PBV, SIZE and capital structure has a positive effect on PBV, dividend distribution can mediate SIZE against PBV, and Dividend Distribution cannot mediate Capital Structure PBV. Keywords : SIZE. Capital Structure, Dividend Distribution of Company ValuesCorrespondence to : [email protected] ABSTRAK Tujuan dalam penelitian ini untuk mengetahui apakah ukuran perusahaan (SIZE) dan Struktur Modal terhadap Nilai Perusahaan dengan Pembagian Dividen sebagai variable intervening. Periode penelitian ini 2011-2015 dengan sampel 400 perusahaan manufaktur yang terdaftar di BEI. Analisis data menggunakan Warp PLS. Hasil penelitian SIZE berpengaruh negatif siginifikan terhadap PBV, Struktur modal tidak berpengaruh terhadap PBV, Pembagian dividen berpengaruh positif signifikan terhadap PBV, SIZE dan struktur modal berpengaruh positif ke PBV, Pembagian dividen dapat memediasi SIZE terhadap PBV, dan Pembagian Dividen tidak dapat memediasi Struktur Modal terhadap PBV. Kata kunci :SIZE. Struktur Modal, Pembagian Dividen an Nilai PerusahaanKorespondensi : [email protected]