Pengaruh CR, ROA dan Ukuran Perusahaan Terhadap Nilai Perusahaan dengan Struktur Modal Sebagai Intervening

<div class="page" title="Page 1"><div class="layoutArea"><div class="column"><p><span>The purpose of this study is to examine the direct and indirect effects of Current Ratio, Return On Assets and Company Size on Firm Value with the intervening variable Capital Structure. The sample in this study were automotive companies listed on the Indonesia Stock Exchange for the period 2014-2018. The study used purposive sampling technique, in which there were 12 automotive companies that met predetermined criteria. Furthermore, this study applies path analysis using the Eviews program version 8.0 and Microsoft Excel 2016. To determine the direct and indirect effects on linear regression coefficients and to ensure a direct and indirect relationship between the independent variable and the dependent variable through mediation, path analysis is carried out. The results of this study indicate the variable Current Ratio and Company Size have a significant effect on Firm Value, while Return On Assets and Capital Structure Ratio have no effect on Firm Value. Firm size has a significant effect on capital structure, while Current Ratio and Return on Assets have no effect on capital structure. Based on the results of the single test analysis, capital structure cannot mediate between Current Ratio, Return On Assets, and Company Size to Firm Value. </span></p></div></div></div>

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STRUKTUR MODAL DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING. (STUDI KASUS PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI BARANG KONSUMSI YANG TERDAFTAR DI BEI PERIODE 2016-2018).

JURNAL ILMIAH EDUNOMIKA ◽

10.29040/jie.v4i02.1219 ◽

2020 ◽

Vol 4 (02) ◽

Author(s):

Anindiya Mustika Gunarwati ◽

Siti Maryam ◽

Sudarwati Sudarwati

Keyword(s):

Capital Structure ◽

Firm Size ◽

Firm Value ◽

Stock Exchange ◽

Sampling Technique ◽

Company Size ◽

Manufacturing Companies ◽

Descriptive Research ◽

Company Value ◽

Quantitative Descriptive

The purpose of this study was to determine the effect of Capital Structure and Firm Size on Firm Value with Profitability as Intervening Variables. (Case Study on Manufacturing Companies in the Consumer Goods Industry Sector which are listed on the Indonesia Stock Exchange for the 2016-2018 Period). This research uses quantitative descriptive research type. Sample 27 companies using Purposive sampling technique. The analysis method uses path analysis with SPSS software version 21.Based on the test result min this study that the variable capital structure and company size have a positive and significant effect on profitability. Capital structure has no effect on firm value, firm size and profitability affect company value, and profitability is able to mediate the effect of capital structure and firm size on firm value. Keywords: capital structure, company size, profitability and firm value.

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Pengaruh debt to equity ratio dan current ratio terhadap nilai perusahaan dengan return on asset sebagai variabel intervening

Jurnal Riset Mahasiswa Akuntansi ◽

10.21067/jrma.v8i2.5231 ◽

2021 ◽

Vol 8 (2) ◽

Author(s):

Meliani Imanah ◽

Alfinur ◽

Supami Wahyu Setiyowati

Keyword(s):

Path Analysis ◽

Firm Value ◽

Stock Exchange ◽

Secondary Data ◽

Total Sample ◽

Return On Assets ◽

Current Ratio ◽

Endogenous Variables ◽

Equity Ratio ◽

Positive Effect

This study aims to analyze the effect of debt to equity ratio and current ratio on firm value with return on assets as an intervening variable on food and beverages companies listed on the Indonesia Stock Exchange for the period of 2016-2018. The study uses secondary data from the annual report through access to www.idx.co.id. Data were analyzed using path analysis. The total sample of 13 companies and the method of taking sample members used is purposive sampling. The variables of this study consisted of debt to equity ratio and current ratio as exogenous variables, firm value as endogenous variables, and return on assets as intervening variables. The analysis shows that the debt to equity ratio, current ratio and return on assets have a positive effect on firm value. Debt to equity ratio and current ratio also have a positive effect on return on assets. Based on the results of the path analysis of the implications of this research that return on assets can not affect the relationship between debt to equity ratio and current ratio to the firm value so that it can provide input to researchers. It is better to add research periods and use a sample of several other sectors and can also use variables others that can strengthen the results of previous studies

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PENGARUH RISIKO BISNIS DAN UKURAN PERUSAHAAN TERHADAP RETURN ON ASSET DENGAN STRUKTUR MODAL SEBAGAI VARIABEL MODERASI (Studi pada Perusahaan Asuransi yang terdaftar di Bursa Efek Indonesia Periode 2015-2018)

Kompartemen Jurnal Ilmiah Akuntansi ◽

10.30595/kompartemen.v19i1.11224 ◽

2021 ◽

Vol 19 (1) ◽

pp. 51

Author(s):

Edi Permana ◽

Yumniati Agustina

Keyword(s):

Regression Analysis ◽

Capital Structure ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Sampling Technique ◽

Insurance Companies ◽

Coefficient Of Determination ◽

Company Size ◽

Business Risk ◽

Return On Assets

This research was conducted to determine the extent of the influence of business risk and firm size on return on assets with capital structure as a moderating variable. This study using a population of insurance companies listed on the Indonesia Stock Exchange (IDX). The sampling technique used is purposive sampling. Data analysis on this research uses multiple linear regression analysis, moderation regression analysis, t-test, f and coefficient of determination test. The results of this study indicate that business risk has a positive effect, while company size does not have a significant effect on return on assets. In addition, the capital structure is not able to moderate the effect of business risk and company size on the insurance company's return on assets. The results of the simultaneous study of business risk and company size have a significant influence on the return on assets.

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Analysis of Company Characteristics of Firm Values: Profitability as Intervening Variables

International Journal of Financial Research ◽

10.5430/ijfr.v11n1p60 ◽

2019 ◽

Vol 11 (1) ◽

pp. 60

Author(s):

M. Chabachib ◽

Hersugondo Hersugondo ◽

Erna Ardiana ◽

Imang Dapit Pamungkas

Keyword(s):

Capital Structure ◽

Path Analysis ◽

Multiple Regression ◽

Consumer Goods ◽

Firm Value ◽

Stock Exchange ◽

Company Size ◽

Independent Variables ◽

Company Value ◽

Intervening Variables

This study aims to analyze the factors that influence company value (PBV) in consumer goods companies listed on the Indonesia Stock Exchange in 2014-2018. The independent variables used in the study are capital structure (DER), company size (SIZE), liquidity (CR) with profitability (ROE) as an intervening variable.The population used in this study is all companies engaged in the consumer goods sector listed on the Indonesia Stock Exchange in 2014-2018. Sampling in this study used purposive sampling which resulted in a sample of 128 consumer goods sector companies. The method used is path analysis which is the development of multiple regression and bivariate analysis.The results of this study indicate that company size and liquidity have a positive and significant effect on profitability, the capital structure has a negative and not significant effect on profitability. Profitability and company size have a positive and significant effect on firm value. Capital structure and liquidity have a positive and not significant effect on firm value. Then profitability is able to mediate the influence of company size and liquidity on firm value, but profitability is not able to mediate the influence of capital structure on firm value.

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

Owner ◽

10.33395/owner.v5i1.383 ◽

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

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PENGARUH PROFITABILTAS, LIKUIDITAS DAN GOOD CORPORATE GOVERNANCE TERHADAP STRUKTUR MODAL

Jurnal Riset Mahasiswa Akuntansi ◽

10.21067/jrma.v7i1.4238 ◽

2020 ◽

Vol 7 (1) ◽

Author(s):

Linda Wati ◽

Lilik Sri Hariani ◽

Doni Wirshandono Yogivaria

Keyword(s):

Capital Structure ◽

Board Of Directors ◽

Stock Exchange ◽

Sampling Technique ◽

Return On Assets ◽

Current Ratio ◽

Return On Equity ◽

Good Corporate Governance ◽

Analysis Technique ◽

Exchange Site

This study aims to examine and determine the effect both simultaneously and partially between return on assets, return on equity, current ratio, quick ratio, board of directors, independent commissioners on the capital structure of automotive companies listed on the Indonesia Stock Exchange in the period 2013-2017. The data of this study were obtained from the Investment Gallery of Kanjuruhan University Malang and the Indonesia Stock Exchange Site, www.idx.co.id. The sampling technique uses purposive sampling which is based on certain criteria in order to obtain 6 companies that are used as research samples. The analysis technique used is multiple regression analysis. The results showed that simultaneous return on assets, return on equity, current ratio, quick ratio, board of directors, independent commissioners influence the company's capital structure. Partially return on assets, return on equity, current ratio, quick ratio, board of directors, independent commissioners negatively affect the company's capital structure

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PENGARUH LIKUIDITAS DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Equity ◽

10.34209/.v20i1.486 ◽

2017 ◽

Vol 20 (1) ◽

pp. 35

Author(s):

Maria Dominika Edo Hera ◽

Dahlia Br Pinem

Keyword(s):

Capital Structure ◽

Path Analysis ◽

Consumer Goods ◽

Firm Value ◽

Sampling Method ◽

Stock Exchange ◽

Sampling Technique ◽

Direct Influence ◽

Test Results ◽

Significance Level

The purpose of this study was to examine the effect of liquidity and capital structure on firm value with profitability as intervening variable. The population in this study is the consumer goods sector companies listed in the Indonesia Stock Exchange from 2013-2016. Sampling technique using purposive sampling method, with samples produced as many as 20 companies from 37 companies of consumer goods sector. This hypothesis testing uses Path Analysis with E-Views 9.0 and a significance level of 5%. Test results of the testing showed that (1) liquidity has a significant effect on profitability with significance level 0,0192 < 0,05. (2) capital structure has a significant effect on profitability with a significance level of 0.0003 < 0,05. (3) liquidity has no effect on firm value because of the significance level of 0.09982> 0.05. (4) capital structure has a significant effect on firm value with significance level 0,0000 < 0,05. (5) profitability has a significant effect on firm value with significance level of 0.0001 < 0,05. (6) liquidity and capital structure has no effect on firm value through profitability because the indirect influence of both variables is smaller than direct influence.

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The Effect of Profitability, Capital Structure, Company Size, and Dividend Policy on Company Value on the Indonesia Stock Exchange

International Journal of Seocology ◽

10.29040/seocology.v1i02.9 ◽

2020 ◽

pp. 060-066

Author(s):

Titik Purwanti

Keyword(s):

Capital Structure ◽

Firm Value ◽

Stock Price ◽

Dividend Policy ◽

Stock Exchange ◽

Secondary Data ◽

Sampling Technique ◽

Coefficient Of Determination ◽

Company Size ◽

Manufacturing Companies

Every company, especially companies that have gone public have value. The value that is owned by the company is a perception that comes from investors to the level of achievement of the success of a company in managing various resources that are controlled and owned which is reflected in the stock price of the company in the market. This study aims to determine the effect of profitability, capital structure, company size, and dividend policy on firm value. The companies in this study are manufacturing companies listed on the Indonesian stock exchange during the period of 2015 to 2018. The population of this research is all manufacturing companies listed on the Indonesian stock exchange in 2015-2018. The research sample of 11 companies. The technique used in the sampling of this study used a purposive sampling technique. In this study secondary data was obtained from the Indonesian Capital Market Directory. Data analysis techniques using descriptive statistics and testing using the classic assumption test. Testing the research hypothesis using multiple linear regression test, simultaneous test (F test), partial test (t test), and coefficient of determination test (R2 test). The results showed that simultaneous profitability, capital structure, company size, and dividend policy significantly influence the value of manufacturing companies. Partially, profitability has a positive and significant effect on firm value, capital structure has a positive and significant effect on firm value, company size has a negative and significant effect on firm value, and dividend policy has positive and not significant effect on firm value.

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ANALYSIS OF FINANCIAL PERFORMANCE TOWARDS FIRM VALUE (CASE STUDY AT BUILDING CONSTRUCTION SUB SECTORS ON IDX DURING PERIOD OF 2012–2018)

Journal of Accounting and Finance Management ◽

10.38035/jafm.v1i2.27 ◽

2020 ◽

Vol 1 (2) ◽

pp. 209-218

Author(s):

Henry Broto Seno ◽

Hakiman Thamrin

Keyword(s):

Capital Structure ◽

Firm Value ◽

Stock Exchange ◽

Sampling Technique ◽

Fixed Effect Model ◽

Negative Influence ◽

Positive Influence ◽

Building Construction ◽

Company Size ◽

Company Value

These research aims to find out those impact from capital structure, profitability, liquidity, activity and company size on firm value. The population in this research were building construction sub-sector companies which registered in Indonesia Stock Exchange during period 2012 till 2018. The samples were determined by purposive sampling technique. These data analysis method used was panel data regression analysis. The selected mode used Fixed Effect Model. The results showed that capital structure, profitability, liquidity, activity and company size simultaneously had an impact on company value. Partially it was found that capital structure and profitability had positive influence on company value, activity and company size had negative influence on company value, while liquidity had none impact towards company value. The most influential variable was profitability with coefficient value was 43.38.

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