DAMPAK KEPEMILIKAN MANAJERIAL, STRUKTUR MODAL DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN EMITEN RETAIL TRADE YANG LISTED DI BURSA EFEK INDONESIA

This research aims to analyze the effect of managerial ownership, capital structure, and profitability on firm value. Capital structure is proxied by Debt to Equity Ratio (DER), and Profitability is proxied by Return on Asset (ROA). Meanwhile, firm value is proxied by Price to Book Value (PBV). Data were analyzed by multiple regression analysis. The population consists of 20 firms that were listed in Retail trade sector of Indonesian Stock Exchange in the period of 2013 – 2017. There are 6 firms (30 observation data) are chosen as sample of the study. The findings show that managerial ownership, DER, and ROA have positive and significant effect on firm value.Keywords :Firm value, PBV, Managerial ownership, Capital structure, DER, Profitability, ROA.

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

JURNAL AKUNTANSI BERKELANJUTAN INDONESIA ◽

10.32493/jabi.v2i2.y2019.p180-188 ◽

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.

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Analisis Struktur Modal dalam Memoderasi pengaruh Kepemilikan Manajerial dan Pertumbuhan Perusahaan terhadap Nilai Perusahaan di Indonesia

10.31227/osf.io/ueqkz ◽

2019 ◽

Author(s):

Ella Gusnita ◽

Lidya Martha

Keyword(s):

Regression Analysis ◽

Capital Structure ◽

Firm Value ◽

Stock Price ◽

Stock Exchange ◽

Shareholder Wealth ◽

Financial Statement ◽

Managerial Ownership ◽

Sample Collection ◽

Moderating Variables

The Company has a long-term goal to maximize shareholder wealth. This objective isachieved by increasing the company's value will be reflected in its stock price. This studyaims to determine the effect of managerial ownership and growth of the company tocorporate value, using the capital structure as a moderating variable. The population is all companies which are listed in Indonesia Stock Exchange in 2013-2017 periods. The sample collection technique has been carried out by using purposive sampling method and based on the predetermined criteria, 18 companies have been selected as samples. The data of the financial statement of the companies has been obtained from the official website of IDX. The data of the financial statement of the companies has been obtained from the official website of IDX. The analytical method used is regression analysis with moderating variables using the SPSS applicationThe research hypothesis testing using analysis techniques moderated regression analysis (MRA).The results showed that managerial ownership negatifeffect was not significantly to the value of the company, thegrowth of the company negatifand not significant effect on the value of the company, Thecapital structure was not able to moderate the influence of managerial ownership the value of the company,capital structure was not able to moderate the effect of growth on firm value

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Profitabilitas Sebagai Mediasi Pertumbuhan Penjualan dan Struktur Modal terhadap Nilai Perusahaan

Jesya (Jurnal Ekonomi & Ekonomi Syariah) ◽

10.36778/jesya.v3i2.158 ◽

2020 ◽

Vol 3 (2) ◽

pp. 45-57

Author(s):

Bayu Ajie Santoso ◽

Anindhyta Budiarti

Keyword(s):

Data Analysis ◽

Capital Structure ◽

Firm Value ◽

Stock Exchange ◽

Research Result ◽

Sales Growth ◽

Return On Equity ◽

Book Value ◽

Analysis Technique ◽

Equity Ratio

This research aimed to analyze and find out the effect of sales growth and capital structure on the firm value, with profitability as moderating variable. In line with, there were 11 Property and Real estate companies which were listed on Indonesia Stock Exchange 2014-2018 as samples. In addition, the data analysis technique used path analysis with Smart PLS 3.0. The research result concluded Sales Growth (SG) and Debt to Equity Ratio (DER) had positive and significant effect on Return On Equity (ROE). Meanwhile, Sales Growth (SG) and Return On Equity (ROE) had negaitve and insignificant effect as well as Debt to Equity Ratio (DER) had negaitve and significant effect on the Price to Book Value (PBV). In short, profitability did not mediate the effect of Sales Growth (SG) and Debt to Equity Ratio (DER) on Price to Book Value (PBV).

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PENGARUH PENERAPAN GOOD CORPORATE GOVERNANCE TERHADAP STRUKTUR MODAL PERUSAHAAN GO PUBLIC YANG TERCATAT DI BURSA EFEK INDONESIA

El Muhasaba Jurnal Akuntansi ◽

10.18860/em.v4i1.2330 ◽

2013 ◽

Vol 4 (1) ◽

Author(s):

ERIKA SEPTIANTY

Keyword(s):

Corporate Governance ◽

Capital Structure ◽

Stock Exchange ◽

Institutional Ownership ◽

Managerial Ownership ◽

Executive Directors ◽

Control Variables ◽

Good Corporate Governance ◽

Equity Ratio ◽

A Company

Good Corporate Governance (GCG) is increasingly popular. but has a very important meaning in the system of corporate governance and managerial aspects, and investing in a good organization profit organization and this research uses its capital structure as measured by the debt-equity ratio as the dependent variable, while institutional ownership and managerial ownership as well as company size and profitability as the independent variable and three control variables. Control variables are variables that are controlled or held constant so that the effect o outside factors. Control variables used in the study include the Board of Directors, non-executive directors, and chair duality. Research is underway to find empirical evidence of the influence of the implementation of Good Corporate governanve the company's capital structure. The population used in this study is a company listed on the Indonesia Stock Exchange, while the sample is a company in the implementation of corporate governance ranking by IICG during the period 2005-2011. From the results of testing the hypothesis, suggesting that the effect of corporate governance is proxied by managerial ownership, institutional ownership and firm size has no influence not have any impact on capital structure. The research proves that the variables have an influence on the profitability of capital structure. In general, the results of this study indicate that companies listed on the Stock Exchange has not fully considering the use of corporate governance in determining capital structure. Keyword: Managerial Ownership, Institutional Ownership, Profitability, Firm Size, Good Corporate Governance, Capital Structure. ABSTRAK Good Corporate Governance (GCG) semakin populer. namun mempunyai arti yang sangat penting dalam sistem tata kelola perusahaan maupun dalam aspek manajerial dan investasi dalam suatu organisasi baik organisasi laba dan nonlaba.Penelitian ini menggunakan struktur modal yang diukur dengan debt-equity ratio sebagai variabel dependen, sedangkan kepemilikan institusional dan kepemilikan manajerial, serta ukuran perusahaan dan profitabilitas sebagai variabel independen dan tiga variabel kontrol. Variabel kontrol merupakan variabel yang dikendalikan atau dibuat konstan sehingga pengaruh variabel independen terhadap variabel dependen tidak dipengaruhi oleh faktor luar yang tidak diteliti. Variabel kontrol yang digunakan dalam penelitian antara lain Dewan Direksi, non-executive directors, dan chair duality. Penelitian ini dilakukan untuk menemukan bukti empris adanya pengaruh penerapan Good Corporate governanve terhadap struktur modal perusahaan. Populasi yang digunakan dalam penelitian ini adalah perusahaan yang terdaftar di Bursa Efek Indonesia, sedangkan sampel adalah perusahaan yang masuk dalam pemeringkatan penerapan corporate governance yang dilakukan oleh IICG selama periode 2005-2011. Dari hasil pengujian hipotesis, menunjukkan bahwa pengaruh corporate governance yang diproksikan oleh kepemilikan manajerial, kepemilikan institusional dan ukuran perusahaan tidak mempunyai pengaruh terhadap struktur modal. Hasil penelitian membuktikan bahwa variabel profitabilitas mempunyai pengaruh terhadap struktur modal.Secara umum hasil penelitian ini menunjukkan bahwa perusahaan yang terdaftar di BEI belum sepenuhnya memperhatikan penggunaan corporate governance dalam menentukan kebijakan struktur modalnya, kata kunci: good corporate governanve, kepemilikan manajerial, kepemilikan institusional, profitabilitas, ukuran perusahaan, struktur modal

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Determinants of Capital Structure Using Profitability as Moderating in Indonesia’s Property and Real Estate Firms

Emerging Markets Business and Management Studies Journal ◽

10.33555/embm.v8i2.175 ◽

2021 ◽

Vol 8 (2) ◽

pp. 73-88

Author(s):

Cecilia Anggie O. Tamba ◽

Purwanto Purwanto

Keyword(s):

Real Estate ◽

Capital Structure ◽

Firm Size ◽

Quantitative Research ◽

Stock Exchange ◽

Financial Statement ◽

Observation Data ◽

Sales Growth ◽

Business Risk ◽

Equity Ratio

The research aim is to examine determinant factors of Indonesia's property and real estate firms capital structure listed in the Indonesia Stock Exchange. This is a quantitative research which taken 72 observation data from 12 companies audited financial statement and fulfilled certain criteria. Processing through classical assumption tests and multivariate analysis with the help of the EViews 10 software instrument. The results show that tangibility assets, business risk, and firm size have a significant influence on capital structure partially, but sales growth and liquidity have insignificant. The determination coefficient is 42.83% and the proportion is included in the strong criteria. Profitability as a moderating variable weakens the effect of business risk but strengthens the effect of firm size on the debt to equity ratio, further determining the company's ability to pay off its debt which is of great concern to investors and creditors. Furthermore, as a consideration for choosing the composition of a good funding decision in Indonesia.

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THE IMPACT OF DIVIDEND POLICY AND CAPITAL STRUCTURE ON FIRM VALUE IN AGRICULTURAL SECTOR

Jurnal Ilmu Keuangan dan Perbankan (JIKA) ◽

10.34010/jika.v11i1.5717 ◽

2021 ◽

Vol 11 (1) ◽

pp. 1-20

Author(s):

Senny Luckyardi ◽

Kamelia Agustini ◽

Nugraha Nugraha ◽

Maya Sari

Keyword(s):

Capital Structure ◽

Firm Value ◽

Dividend Policy ◽

Agricultural Sector ◽

Stock Exchange ◽

Verification Method ◽

Company Value ◽

Equity Ratio ◽

The Impact

This study aims to determine the effect of Dividend Policy and Capital Structure on Agricultural Sector’s Company Value. The research method used in this study is verification method with quantitative approach. The case study was conducted on agricultural sector companies listed on the Indonesia Stock Exchange in 2015-2019. The sample used is Price Book Value (PBV) and Debt to Equity Ratio (DER) in 14 agricultural sector companies obtained from Financial Statements published on the Indonesia Stock Exchange website: www.idx.co.id for the period 2015-2019. The results showed that the variables of Dividend Policy and Capital Structure had a negative and not significant effect on company value.

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PENGARUH PERENCANAAN PAJAK, STRUKTUR MODAL DAN KEPEMILIKAN MANAJERIAL TERHADAP NILAI PERUSAHAAN DENGAN TRANSPARANSI PERUSAHAAN SEBAGAI VARIABEL MODERASI

JURNAL AKUNTANSI BARELANG ◽

10.33884/jab.v6i1.4660 ◽

2022 ◽

Vol 6 (1) ◽

pp. 1-12

Author(s):

Deaelma Sari ◽

Wiwit Irawati

Keyword(s):

Data Analysis ◽

Capital Structure ◽

Firm Value ◽

Stock Exchange ◽

Sampling Technique ◽

Tax Planning ◽

Managerial Ownership ◽

Manufacturing Companies ◽

Corporate Transparency ◽

The Relationship

This study aims to identify and prove empirically the effect of Tax Planning, Capital Structure and Managerial Ownership on Firm Value with Corporate Transparency as a moderating variable. This type of research is quantitative approach research with explanatory research and associative methods. Samples were taken using the purposive sampling technique using Eviews 9 software for data analysis. The sample consists of 60 data from 12 property and real estate subsector manufacturing companies listed on the Indonesia Stock Exchange in 2016-2020. The results show that Tax Planning, Capital Structure and Managerial Ownership simultaneously affect the value of the company which is moderated by corporate transparency, tax planning has no effect on firm value, the capital structure does not affect firm value, managerial ownership does not affect firm value, and corporate transparency does not. effect on firm value, corporate transparency is unable to moderate the relationship between tax planning and firm value, corporate transparency is unable to moderate the relationship between capital structure and firm value, and corporate transparency is unable to moderate the relationship between managerial ownership and firm value.

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PENGARUH RETURN ON ASSETS, DEBT TO EQUITY RATIO, PRICE EARNING RATIO DAN FIRM-SIZE TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN KATEGORI INDEKS LQ-45 DI BURSA EFEK INDONESIA

Balance Vocation Accounting Journal ◽

10.31000/bvaj.v1i2.473 ◽

2018 ◽

Vol 1 (2) ◽

pp. 12

Author(s):

Triana Zuhrotun Aulia

Keyword(s):

Linear Regression ◽

Firm Size ◽

Firm Value ◽

Positive Impact ◽

Stock Exchange ◽

Market Value ◽

Analysis Tool ◽

Return On Assets ◽

Book Value ◽

Equity Ratio

Price to Book Value (PBV) is the ratio of the market value of equity to the book value of equity. PBV is the level of ability to create a company's value relative to the amount of capital invested. This study will analyze both simultaneous and partial effect of return on assets, debt to equity ratio, price earning ratio and firm-size to price book value. Companies classified in LQ-45 selected as the population used in this study are listed on the Stock Exchange 2012-2016 period. Purposive sampling is used to get the sample in this research using criterias and 18 companies or 72 firm-years are the samples. Analysis tool in this research using spss 23.0. This research is using multiple linear regression. Based on the results of the partial test (t test) on the real level (α) = 5% can be seen that the variabel return on assets, debt to equity ratio and price earning ratio have a significant and positive impact on price book value, meanwhile firm-size have no significant effect on price book value. Keywords : Firm value, Price Book Value, Return on Asset, Debt to Equity Ratio, Price Earning Ratio, Firm-size.

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PENGARUH KINERJA KEUANGAN DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN YANG DIMODERASI VARIABEL UKURAN PERUSAHAAN (Studi Empiris Perusahaan Sektor Perdagangan, Jasa dan Investasi yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2018)

Magisma: Jurnal Ilmiah Ekonomi dan Bisnis ◽

10.35829/magisma.v8i2.88 ◽

2020 ◽

Vol 8 (2) ◽

pp. 77-87

Author(s):

Annisa Dayanty ◽

Widhy Setyowati

Keyword(s):

Regression Analysis ◽

Capital Structure ◽

Financial Performance ◽

Firm Size ◽

Firm Value ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Sampling Technique ◽

Multiple Linear Regression Analysis ◽

Negative Effect

The purpose of this research is to find empirical evidence about the effect of financial performance and capital structure on firm value and whether company size can moderate the influence of financial performance and capital structure on firm value. The sample in this research is the trading, service and investment companies which is listed on the Indonesia Stock Exchange (IDX) in period 2016-2018. The research sample are 33 companies using purposive sampling technique. The analysis methods of this research used multiple linear regression analysis and Moderated Regression Analysis (MRA) to test the moderating variables. The results showed that financial performance and firm size had a positive effect on firm value. Capital structure has a negative effect on firm value. And the firm size can not moderate the financial performance and capital structure of the firm's value

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Pengaruh CR dan DER terhadap ROE pada Perusahaan Perdagangan Eceran di BEI Periode 2015-2018

Owner ◽

10.33395/owner.v4i2.298 ◽

2020 ◽

Vol 4 (2) ◽

pp. 657

Author(s):

Amalia Tiara Balqish

Keyword(s):

Regression Analysis ◽

Sampling Method ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

Retail Trade ◽

Current Ratio ◽

Return On Equity ◽

Average Value ◽

Equity Ratio

Phenomenon in this study lie in the average value of Return on Equity which tends to decline in 2015-2018. While the average value for the Current Ratio and Debt to Equity Ratio has a good value. When the average value of the Current Ratio is good, but the average value of Return On Equity can be said to be bad. This is the purpose of this research, to find out whether there is an effect of Current Ratio and Debt to Equity Ratio on Return On Equity in retail trade subsector companies listed on the Indonesia Stock Exchange period 2015-2018, both partially and simultaneously. This study uses a purposive sampling method in selecting samples from retail trade subsector companies listed on the Indonesia Stock Exchange for the period 2015-2018. This study also uses multiple linear regression analysis methods. The results showed that partially, Current Ratio had no effect on Return On Equity because it had a significance value greater than 0.05, and Debt to Equity Ratio had a significant effect on Return On Equity because it had a significance value of less than 0.05. While simultaneously, Current Ratio and Debt to Equity Ratio significantly influence Return On Equity.

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