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 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)

The Influence of Capital Structure, Growth, Company Size to Profitability and Company Value of Manufacture Firms Listed in Indonesia Stock Exchange

2019 ◽  
Vol 1 (3) ◽  
pp. 66-78
Author(s):  
Bernon Sampe Tondok ◽  
Cepi Pahlevi ◽  
Andi Aswan
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Positive Impact ◽  
Stock Exchange ◽  
Company Size ◽  
Manufacturing Companies ◽  
Descriptive Research ◽  
Company Value ◽  
Quantitative Descriptive ◽  
Company Growth

This study examines the effect of capital structure, company growth, company size on profitability and company value the cases of manufacturing companies listed on the Indonesia Stock Exchange. This research is quantitative descriptive research using path analysis. Classical assumption evaluations are conducted comprising of normality, linearity, autocorrelation, multicollinearity, and heteroscedasticity test. The sample is 33 manufacturing companies listed on the Indonesia Stock Exchange from period 2013 – 2017. The results of the study found that there was a positive impact of capital structure, company growth, firm size on profitability and value of manufacturing companies.

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).

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.

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 Pengaruh Likuiditas, Kebijakan Dividen, Profitabilitas, dan Ukuran Perusahaan pada Nilai Perusahaan

2019 ◽  
pp. 1263
Author(s):  
Gusti Ayu Putri Cahyani ◽  
Ni Gusti Putu Wirawati
Keyword(s):  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Company Size ◽  
Company Value ◽  
Analysis Technique ◽  
Positive Effect

Signal theory emphasizes that company information can be responded differently by investors. One method used to analyze company value is using the Price to Book Value (PBV) approach. This study aims to analyze the effect of liquidity, dividend policy, profitability, and firm size on firm value. This research was conducted on companies listed in the LQ 45 index on the Indonesia Stock Exchange in 2013-2016. The number of samples taken as many as 10 companies used the nonprobability sampling method with a purposive sampling technique, so that the number of samples during the 4 years of observation became 40 companies. The data analysis technique used is multiple linear regression analysis. The results of the analysis show that liquidity and profitability have a positive effect on firm value, while dividend policy and company size have no effect on firm value. Keywords: Liquidity, dividend policy, profitability, company size, and company value

scholarly journals ANALISIS PROFITABILITAS, TINGKAT PERTUMBUHAN, UTANG, DAN NILAI PERUSAHAAN

2020 ◽  
Vol 2 (1) ◽  
pp. 19-40
Author(s):  
Lydia Lydia
Keyword(s):  
Firm Value ◽  
Manufacturing Industry ◽  
Stock Exchange ◽  
Control Variable ◽  
Total Sample ◽  
Company Size ◽  
Company Value ◽  
Food And Beverage ◽  
Total Data ◽  
Company Growth

A company has a goal to increase the value of the company. Anincrease in company value results in an increase in shareholder welfare. Asan investor, of course investors will choose to invest in companies with agrowing company value. Company value can be influenced by profitability,company growth, leverage, and company size. The purpose of this studywas to determine the effect of profitability, company growth, and corporateleverage by using company size as a control variable. This research focuseson the manufacturing industry especially the food and beverage sub-sectorlisted on the Indonesia Stock Exchange in 2014–2018. This study uses quantitativeresearch with a total sample of 14 companies and each companyuses five data so that the total data is 70 data. This study uses multiplelinear regression analysis processed by the SPSS program. The results showedthat profitability, company growth, and corporate leverage have a significantinfluence on firm value. Profitability is the variable with the highestinfluence which is then followed by company growth and corporate leverage.

scholarly journals Pengaruh Kinerja Keuangan, Kebijakan Dividen dan Umur Perusahaan Terhadap Nilai Perusahaan di Moderasi Ukuran Perusahaan

2020 ◽  
Vol 10 (2) ◽  
pp. 188-197
Author(s):  
Muhammad Hamdani
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Consumer Goods ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Company Size ◽  
Industry Sector ◽  
Company Value ◽  
Consumer Goods Industry

Study was conducted in the consumer goods industry sector companies listed on the Indonesia Stock Exchange (IDX) in 2015-2018. The aim is to determine the effect of financial performance, dividend policy, and age of the company on the value of the company which is moderated by the size of the company. The sample of 37 companies. The variables used are liquidity, capital structure, profitability, dividend policy, the age of the company to the value of the company with the size of the company as moderation. Results showed that there were influences on financial performance, dividend policy, company age, company size on firm value and company size able to moderate the influence of capital structure, profitability, dividend policy, company age on company value and company size unable to moderate the effect of liquidity on firm value.

scholarly journals PENGARUH UKURAN PERUSAHAAN DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN DENGAN DEWAN KOMISARIS INDEPENDEN SEBAGAI VARIABEL MODERASI

2020 ◽  
Vol 7 (2) ◽  
Author(s):  
Karolina Yunita Dir ◽  
Abdul Halim ◽  
Rita Indah Mustikowati
Keyword(s):  
Regression Analysis ◽  
Capital Structure ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
T Test ◽  
Company Size ◽  
Company Value ◽  
Independent Variable ◽  
The Capital Structure

This study aims to explain and test how the influence of company size and capital structure on firm value with an independent board of commissioners as a moderating variable in banking companies listed on the Indonesia Stock Exchange in the period 2016-2017. This type of research is explanatory research, namely by using classical assumptions, using moderated regression analysis, and using the t test. The number of samples is 39 companies, and the sampling method is using purposive judgment sampling. The variables in this study consisted of company size and capital structure as an independent variable, company value as the dependent variable and the independent board of commissioners as moderation. The result of the analysis is that partially the size of the company affects the value of the company, the capital structure influences the value of the company, the independent board of commissioners strengthens the influence of the size of the company on the value of the company and the independent board of commissioners strengthens the effect of the capital structure on the value of the company.

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

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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