scholarly journals The Effect Of Financial Ratio On Company Value With Inflation As A Moderation Variable

2019 ◽  
Vol 23 (1) ◽  
pp. 33
Author(s):  
Herman Ruslim, Michael
Keyword(s):  
Capital Structure ◽  
Method Of Moments ◽  
Firm Value ◽  
Generalized Method Of Moments ◽  
Financial Ratio ◽  
Simultaneous Test ◽  
Company Value ◽  
Company Growth ◽  
Relationship Of ◽  
The Relationship

This study empirically examines the effect of capital structure, company growth, and profitability on firm value with inflation as a moderating variable in issuers in 2012-2015. The sample of this study was 245 issuers. The research method uses the Generalized Method of Moments (GMM) method. The result of this study is indicated that partially positive and significant effect on firm value (PBV) is the capital structure variable (DAR) and profitability (ROA), while company growth (growth) partially has a negative and no significant effect on firm value. Therefore, inflation moderates the effect of the relationship of profitability on firm value. The result of Simultaneous test showed that there is a significant effect of capital structure, company growth, profitability, and inflation simultaneously on firm value. This is indicated by the result of R-squared 19.3141% which indicated that variations in company value can be explained by variable capital structure, company growth, profitability and inflation of 19.3141% and the remaining 80.6859% explained by other factors.

scholarly journals The Effect of Institutional Ownership, Capital Structure, Dividend Policy, and Company Growth on Company Value

2020 ◽  
Vol 1 (1) ◽  
pp. 1-9
Author(s):  
Reza Mulia Sari ◽  
Dina Patrisia
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Dividend Policy ◽  
Secondary Data ◽  
Company Value ◽  
Corporate Growth ◽  
Final Sample ◽  
Company Growth ◽  
The Relationship ◽  
Positive Effect

This paper aims to examine wheter there is significant institusional ownership, capital structure, dividen policy and company’s growth to firm value. This paper also aims to examine wheter variabel of company’s growth could be moderating this study. Sample of this study uses purposive sampling method in order to obtain a final sample accounting 36 companies with observation period from 2012-2017. Type of data in this study secondary data and uses in multiple linier regression as an analytical tool. The result of this study indicate that institusional ownership has no effect on firm value. Capital structure, dividend policy and company growth have a positive effect on firm value. Corporate growth cannot moderate the reationship between institusional ownership and firm value. Corporate growth weakens the relationship between capital structure and firm value. Corporate growth cannot moderate the relationship between dividend policy and firm value.

scholarly journals PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN, RISIKO BISNIS TERHADAP NILAI PERUSAHAAN SEKTOR KIMIA YANG DI INDONESIA

2020 ◽  
Vol 3 (1) ◽  
Author(s):  
Chani Dinayu ◽  
Devi ana Sinaga ◽  
D. Sakuntala
Keyword(s):  
Linear Regression ◽  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Company Size ◽  
Business Risk ◽  
Analysis Model ◽  
Company Value ◽  
Relationship Of ◽  
The Relationship

This study aims to determine the financial ratios represented by capital structure (DER), company size (ln total assets), business risk (DOL) to firm value. Data collection techniques using purposive sampling and obtained as many as 17 sample companies from 73 populations of chemical sub-sector companies listed on the Indonesia Stock Exchange (IDX) for the 2014-2018 period. The analysis model uses multiple linear regression. Based on the results of the coefficient test, the R square value of 0.749 shows that the correlation or closeness of the relationship of capital structure, company size, business risk and company value is only 74.9%. Adjusted R Square value of 0.735 indicates that the variable capital structure, company size, and business risk explains the variable to the company value of 73.5%. In the F test shows that the value of Fcount> Ftable (53,644> 2.78) so that simultaneously DER, ln total assets, DOL affect the value of the company in the chemical sub-sector of 2014-2018. Whereas the T-test for Company Size is 0.00, which means it has a partial effect on Company Value. Based on these results it is recommended for investors to pay more attention to the value of DER, ln total assets, DOL before investing.

scholarly journals PENGARUH PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL PEMODERASI PADA PERUSAHAAN SEKTOR PERTANIAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 8 (4) ◽  
Author(s):  
Sigit Cahyono ◽  
Ni Ketut Surasni ◽  
Hermanto Hermanto
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Common Effect ◽  
Analysis Technique ◽  
Independent Variable ◽  
Relationship Of ◽  
The Relationship ◽  
Observation Period

This research aims to analyze the effect profitability to firm value with capital structure as moderating variable in agriculture companies listed on the Indonesia Stock Exchange (IDX). The dependent variable used is firm value (PBV), the independent variable is profitability (ROA), and capital structure (DER) as a moderating variable. The sampling technique was purposive sampling so that the number of samples obtained was 9 companies, with an observation period of 2014-2017. This type of research is associative causal. The analysis technique used in this study is panel date regression (common effect modell) using eviews, with a significant level of 5 percent. Descriptive statistics were also included which included average, median, minimum, maximum, and std. deviation. The results of this study indicate that profitability has a positive and significant effect on firm value and, capital structure is weaken on the relationship of profitability to firm value. Capital structure is a quasi moderating where as the effect of capital structure to firm’s value and the effect of capital structure interaction to firm’s value is also significant.Keywords: Profitability, Capital Structure, Firm Value

scholarly journals Pengaruh Profitabilitas dan Kepemilikan Institusional Terhadap Nilai Perusahaan Dengan Struktur Modal Sebagai Variabel Moderasi Pada Perusahaan Property dan Real Estate di BEI Periode 2015-2018

2020 ◽  
Vol 3 (2) ◽  
pp. 35-47
Author(s):  
Tatas Ridho Nugroho ◽  
Umi Muawanah ◽  
Djuni Farhan
Keyword(s):  
Data Analysis ◽  
Real Estate ◽  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Institutional Ownership ◽  
Company Value ◽  
Data Source ◽  
The Relationship

This research aims to determine and analyze the effect of profitability and institutional ownership on firm value with capital structure as a moderating variable in Property and Real Estate Companies on the IDX for the 2015-2018 period. This research is a quantitative research. The data source used is the data source. secondary. data is obtained indirectly and through intermediary media. The type of data used in this research is external data in the form of time series data. The data in this study are in the form of annual reports obtained from the official website of the Indonesia Stock Exchange, namely www.idx.co.id. The population in this study were 48 companies. The sampling technique was done by using purposive sampling technique, the number of companies used as a sample was 25 companies and the data obtained were 100 data. Data analysis was performed through the SPSS program. The data analysis methods used were: descriptive statistical test, classical assumption test, multiple linear regression analysis, and hypothesis testing. The results showed that the profitability variable proxied using ROE (Return on Equity) has an effect on firm value, institutional ownership variable has no effect on company value, profitability and institutional ownership variables jointly affect firm value, capital structure variable can moderate and strengthening the relationship between profitability to firm value and capital structure variables are unable to moderate the relationship between institutional ownership and property and real estate company value listed on the Indonesia Stock Exchange for the period 2015-2018.

scholarly journals The Relationship Between Profitability and Firm Value: Evidence From Manufacturing Industry in Indonesia

2021 ◽  
Vol 12 (3) ◽  
pp. 466
Author(s):  
Bambang Sudiyatno ◽  
Elen Puspitasari ◽  
Ida Nurhayati ◽  
Tristiana Rijanti
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Manufacturing Industry ◽  
Time Series Data ◽  
Negative Impact ◽  
Stock Exchange ◽  
Series Data ◽  
Industrial Companies ◽  
Company Growth ◽  
The Relationship

This study aims to test whether profitability acts as a moderating variable that is able to moderate the influence of the company growth and capital structure on the firm value. The independent variables used in this study are company growth and capital structure, while profitability is the moderating variable.The research sample was taken from manufacturing industrial companies listed on the Indonesia Stock Exchange (IDX) during the period 2016 - 2018. The study used panel data which is a combination of cross section and time series data, with data analysis using multiple regression.The results showed that company growth and profitability had a positive effect on the firm value, while capital structure had does not effect. The results of the analysis show that profitability does not moderate the effect of company growth and capital structure on the firm value, the interaction of company growth and capital structure with profitability has a negative impact on the firm value.

scholarly journals The effect of capital expenditure, company growth and company size on firm value through financial performance moderated by capital structure

2019 ◽  
Vol 17 (1) ◽  
pp. 236-244
Author(s):  
Salimah ◽  
Yudhi Herliansyah
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Firm Value ◽  
Quantitative Methods ◽  
Capital Expenditure ◽  
Stock Exchange ◽  
Company Size ◽  
Company Value ◽  
Company Growth ◽  
Positive Effect

This study aims to examine the influence of capital expenditure variables, company growth, and company size on firm value through financial performance is moderated by the capital structure of the company in LQ 45 companies listed on the Indonesia Stock Exchange. The research methodology uses quantitative methods, the number of observations as many as 50 sourced from 45 companies over 5 annual periods. The results of this study found that: (1) Capital Expenditure (Capex), Company Growth (Growth) and Company Size (Size) had no effect on Company Value (PBV), (2) Capital Expenditure (Capex) does not affect Financial Performance (ROE), (3) Company Growth (Growth) and Company Size (Size) have a significant effect on ROE, (4) Financial Performance (ROE) has a significant positive effect on Value Company (PBV), (5) Financial Performance (ROE) does not mediate the effect of Capital Expenditure (Capex), Company Growth (Growth) and Company Size (Size) on Firm Value (PBV), (6) Capital Structure (DER) moderates the influence of Financial Performance (ROE) to Company Value (PBV)

scholarly journals Leverage dan growth opportunity mempengaruhi nilai perusahaan melalui profitabilitas

2020 ◽  
Vol 16 (1) ◽  
pp. 31-40
Author(s):  
Supami Wahyu Setiyowati ◽  
Jamal Abdul Naser ◽  
Rini Astuti
Keyword(s):  
Firm Value ◽  
Stock Exchange ◽  
Corporate Value ◽  
Company Value ◽  
Growth Opportunity ◽  
Negative Effect ◽  
Processing Techniques ◽  
Company Growth ◽  
The Relationship ◽  
Positive Effect

Companys value is a reflectiond or good name of company. The company value means a lot to investors and potential investors. This researcsh aims to examined the effect of leverage and growth opportunityd on corporate value through profitability. In this studys, the populations of consumer goods companies listesd on the Indonesia Stock Exchange in the 2015-2017 period is used. This study used 15 companies as samples. Data processing techniques using path analysis. The results of the leverage study have a negative effect on profitability. A high amount of debt reduces profits. Growth opportunity affects profitability. Increase in assets increases profits. leverge has a negative effect on firm value. A high amount of debt reduces the value of the company. Growth opportunity has a positive effect on firm value. An increase in assets or sales increases the value of the company. Profitability has an effect on firm value. Profits increase firm value. The effect of leverage on firm value with profitability as an intervening variable is not proven. Profitability indirectly has no effect on the relationship between leverage and firm value. The effect of growth opportunity on firm value with profitability as an intervening is proven. Indirectly, profitability affects the relationshipd of growth opportunitsy and firm value. Companies must have right strategy in terms of using funds from outside the company to increase company value.

scholarly journals Determinan Struktur Modal dan Nilai Perusahaan

2020 ◽  
Vol 21 (2) ◽  
pp. 105-122
Author(s):  
Mukmin Pohan ◽  
◽  
Maya Sari ◽  
Adi Munasib ◽  
Radiman Radiman ◽  
...  
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Tourism Industry ◽  
Company Size ◽  
Financial Report ◽  
Company Value ◽  
Analysis Technique ◽  
Company Growth

The purpose of this study is to formulate a determinant model of capital structure and firm value. The population of this study is the tourism industry sector companies listed on the Indonesia Stock Exchange for the period 2013-2018. In this study the entire population is sampled (Total Sampling). Data collection procedures by collecting audited (annual report) financial report data issued by the Indonesia Capital Market Directory (ICMD). The data analysis technique used is path analysis. The results showed that partially profitability, institutional ownership and firm size had a significant effect on capital structure while company growth had no significant effect on capital structure. Simultaneously the profitability variables, institutional ownership, company growth and company size affect the capital structure. Partially profitability, institutional ownership, company size and capital structure have a significant effect on firm value, while company growth does not significantly influence firm value Simultaneously profitability, Institutional ownership, company size, company growth and capital structure have a significant effect on company value in the sector tourism industry.

scholarly journals Assessing the Relationship between Efficiency, Capital and Risk of Commercial Banks in Bangladesh

2018 ◽  
Vol 14 (1) ◽  
pp. 55
Author(s):  
Nazmoon Akhter
Keyword(s):  
Method Of Moments ◽  
Commercial Banks ◽  
Generalized Method Of Moments ◽  
Operational Efficiency ◽  
Simultaneous Equation ◽  
Least Square ◽  
Dynamic Panel ◽  
Inconsistent Result ◽  
Relationship Of ◽  
The Relationship

Increased competition and problem loan in the banking sectors force banks to operate its activities more efficiently. However, bank’s efficiency, capital and risk are interrelated. The present study is made on assessing the inter-temporal relationship between efficiency, capital and risk of commercial banks in Bangladesh during the period 2011-2016 by setting simultaneous equation. The study uses three-stage least square model (3SLS) and dynamic panel generalized method of moments (GMM) model to estimate efficiency-capital-risk relationship. The study reports that both models provide consistent result regarding the relationship of bank’s operational efficiency with capital and risk and inconsistent result about the relationship between capital and risk. The study concludes that a U-shaped relationship is exited in the 3SLS model of efficiency-capital-risk relationship as banks’ operational efficiency and risk have positive relationship with capital and bank size, indicating that with increased capital and bank size, bank’s operational efficiency is improved at decreasing rate due to increase in bank’s risk.

scholarly journals COMPANY SIZE STRENGTHENS THE INFUENCE OF ASSET STRUCTURE AND CAPITAL STRUCTURE ON FIRM VALUE

2019 ◽  
Vol 10 (2) ◽  
pp. 202
Author(s):  
Supami Wahyu ◽  
Mardiana Mardiana
Keyword(s):  
Regression Analysis ◽  
Capital Structure ◽  
Quantitative Study ◽  
Firm Value ◽  
Company Size ◽  
Firm Structure ◽  
Study Find ◽  
Analysis Technique ◽  
Relationship Of ◽  
The Relationship

<p><em>This study discusses the size of the firm that is approved by the asset structure and capital structure of firm value. This research is a quantitative study. The analysis technique used is Multiple Regression Analysis (MRA). The results of this study find facts about firm that manage the relationship of assets and capital structure to the value of the firm. Partially, the size of the company increases the asset structure against the value of the firm. The size of the firm is not in accordance with the firm structure of firm value. In conclusion, the size of the firm increases the use of assets in increasing the value of the firm</em>.</p>

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