scholarly journals PENGARUH COST OF BORROWING, PROFITABILITY DAN COLLATERAL VALUE OF ASSETS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN REAL ESTATE DI INDONESIA

2018 ◽  
Vol 13 (1) ◽  
pp. 11-28
Author(s):  
Ade Suryana
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Significant Influence ◽  
Stock Exchange ◽  
Investment Decision ◽  
Third Parties ◽  
Net Income ◽  
Public Company ◽  
Depth Analysis ◽  
A Company

Genarlli, the main goal of a company is to maximize its shareholders’ wealth. For a public company, it means maximizing return to its outstanding shares. The final decisions made by the management, which comprise of investment decision and financing decision. Real estate industry is a capital-intensive industry that would spend large fund to start the operations. Consequently, most real estate companies would search and rely upon loan from third parties as its main financing source other than its own capital.The objective of this research is to reveal whether there is influence of cost of borrowing, profitability, and collateral value of assets on capital structure.Th hypothesis for this research are: (a) to reveal whether there is influence of cost of borrowing on capital structure in real estate companies in Indonesia, (b) to reveal whether there is influence of profitability on capital structure in real estate companies in Indonesia, (c) to reveal whether there is influence of collateral value of assets on capital structure in real estate companies in Indonesia, and (d) to reveal whether there is influence of cost of borrowing, profitability and collateral value of assets, simultaneously, on capital structure in real estate companies in Indonesia.Using multiple linear regressions to test those hypotheses, the data obtained from real estate companies listed in Indonesia Stock Exchange during 2003-2007 revealed that: (a) there is negative and significant influence of cost of borrowing on capital structure in real estate companies in Indonesia, (b) there is positive and significant influence of profitability on capital structure in real estate companies in Indonesia, (c) there is positive and significant influence of collateral value of assets on capital structure in real estate companies in Indonesia, and (d) there is  significant influence of cost of borrowing, profitability and collateral value of assets, simultaneously, on capital structure in real estate companies in Indonesia.The result of this research indicated that cost of borrowing is the factor that significantly determines the capital structure. Obtaining loan from third parties would result higher interest expenses, and in turn result in low net income, compared to companies that use their own source of financing. Of course, the decision to finance a company through loan facilities should be based on in-depth analysis and calculation especially in relation to the company’s capability for settlement. 

scholarly journals PENGARUH GROWTH OPPORTUNITY, PROFITABILITY, BUSINESS RISK DAN SIZE TERHADAP STRUKTUR MODAL (Studi Pada Perusahaan Property dan Real Estate Yang Terdaftar Di BEI Periode 2009-2017)

2019 ◽  
Vol 2 (2) ◽  
Author(s):  
Ashop Barqoya
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Significant Influence ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Business Risk ◽  
Return On Equity ◽  
Real Estate Sector ◽  
Growth Opportunity ◽  
Turn Over

The purpose of this study was to determine the effect of growth opportunity, profitability, business risk, and size on the company's capital structure either partially or simultaneously.The object of research used is the property and real estate sector companies listed on the Indonesia Stock Exchange in 2009-2017. This study uses a purposive sampling technique in determining research samples. the number of companies selected as the study sample were 18 companies registered in the property and real estate sector. This study uses a quantitative approach. The results showed that partially growth opportunity and size had not significant effect, while  profitability and business risk had a significant effect on capital structure. the results of testing simultaneously growth opportunity, profitability, business risk, and size have a significant influence on the capital structure.  Turn Over ratio, Gross Profit Margin and Return On Equity show unfavorable conditions.

scholarly journals PENGARUH GROWTH OPPORTUNITY, PROFITABILITY, BUSINESS RISK DAN SIZE TERHADAP STRUKTUR MODAL (Studi Pada Perusahaan Property dan Real Estate Yang Terdaftar Di BEI Periode 2009-2017)

2019 ◽  
Vol 2 (3) ◽  
Author(s):  
Ashop Barqoya
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Significant Influence ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Quantitative Approach ◽  
Business Risk ◽  
Purposive Sampling ◽  
Real Estate Sector ◽  
Growth Opportunity

The purpose of this study was to determine the effect of growth opportunity, profitability, business risk, and size on the company's capital structure either partially or simultaneously.The object of research used is the property and real estate sector companies listed on the Indonesia Stock Exchange in 2009-2017. This study uses a purposive sampling technique in determining research samples. the number of companies selected as the study sample were 18 companies registered in the property and real estate sector. This study uses a quantitative approach. The results showed that partially growth opportunity and size had not significant effect, while  profitability and business risk had a significant effect on capital structure. the results of testing simultaneously growth opportunity, profitability, business risk, and size have a significant influence on the capital structure. 

scholarly journals DETERMINANTS OF FINANCIAL PERFORMANCE ON THE GO PUBLIC COMPANY ON BEI

TRIKONOMIKA ◽  
2020 ◽  
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Decision ◽  
Public Companies ◽  
Dividend Policies ◽  
Public Company ◽  
Theoretical Finding ◽  
Positive Effect

The objective of this research is to get an understanding on the effect of the investment decision, capital structure and dividend policy on financial performance using the Multiple Regression Analysis. It is expected that this model will give more comprehensive analysis on the effect of the investment decision, capital structure and dividend policy on financial performance of public companies, which includes the direct or indirect effect on one variable against the others variables. on public companies in Indonesian Stock Exchange in 2014-2017. The findings reveal that, the investment decision has a more dominant effect on financial performance. The investment decision, capital structure and dividend policy have a positive effect on financial performance. The theoretical finding on this research can be developed to make investment decisions, capital structures and dividend policies of public companies. In other words, the three variables will have some means of effect on financial performance, compare with other factors.

Analysis of the Effect of Company Size, Asset Growth, and Capital Structure on the Intrinsic Value of Property and Real Estate Companies in Indonesia

2021 ◽  
Vol 8 (5) ◽  
pp. 146-151
Author(s):  
Margareth Dorti Panggabean ◽  
Iskandar Muda ◽  
Rina Br Bukit
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Firm Size ◽  
Stock Exchange ◽  
Intrinsic Value ◽  
Total Sample ◽  
Company Size ◽  
Company Value ◽  
Asset Growth ◽  
A Company

The intrinsic value of a company refers to the real value of a company. Company value in the concept of intrinsic value is not just the price of a set of assets, but the value of the company as a business entity that has the ability to generate profits at a later date. In the company appraisal process, that how the capital structure can affect the value of the company or not, the presence of various risks, taxes, and other costs, as well as changes in leverage can increase the value of the company and reduce it. This study aims to analyze the effect of company size and asset growth through capital structure on the intrinsic value of companies in the property and real estate industry listed on the Indonesia Stock Exchange in 2018 with a total sample of 37 companies. The results of the analysis in this study indicate that company size has a positive and significant effect on capital structure, asset growth has no effect on capital structure, company size and asset growth have a positive and significant effect on intrinsic value, while capital structure has no effect on intrinsic value, and firm size and asset growth there are no direct effect on intrinsic value through capital structure. This study also obtained the result that firm size is more dominant in supporting intrinsic values of Property and Real Estate Companies in Indonesia. Keywords: Company Size, Asset Growth, Capital Structure, Intrinsic Value.

scholarly journals Effect Of Investment Decision, Capital Structure, Profitability, And Company Size On Company Values

2021 ◽  
Vol 26 (1) ◽  
pp. 134
Author(s):  
Reza Suleman, Sumani
Keyword(s):  
Adverse Effect ◽  
Panel Data ◽  
Real Estate ◽  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Investment Decision ◽  
Investment Decisions ◽  
Company Size ◽  
Construction Companies

This study wanted to examine the effect of investment decisions, capital structure, profitability, and company size on the value of the firm, by using samples from the property, real estate, and construction companies listed on the Indonesia stock exchange for the period 2014-2017. Hypothesis testing using the panel data method by using Eviews version 9. The results of the study showed that the investment decision, capital structure, and profitability did not have a significant effect on firm value. In contrast, the size of the company has a significant adverse effect on the value of the firm. From the results of the F test, investment decision, capital structure, profitability, company size in this study simultaneously influence the value of the firm.

scholarly journals ANALISIS FAKTOR-FAKTOR KEUANGAN YANG MEMPENGARUHI KINERJA KEUANGAN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

2013 ◽  
Vol 8 (4) ◽  
Author(s):  
Rima D. Mangundap ◽  
Herman Karamoy ◽  
Stanly Alexander
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Performance Management ◽  
Performance Appraisal ◽  
Significant Influence ◽  
Linear Regression Equation ◽  
Financial Factors ◽  
Simultaneous Testing ◽  
Specific Goal ◽  
A Company

Companies as a form of organization in general has a specific goal to be achieved in an effort to meet the interests of its members. Success in achieving the company's goal is performance management. Performance appraisal or performance of a company is measured because it can be used as the basis for decision making both internally and eksternal.Tujuan of this study was to determine Is asset structure, debt ratios, and capital structure affect the financial performance of companies either simultaneously or partially. The method used in this study is the linear regression equation berganda.Dalam simultaneous testing result that financial factors have a significant influence on the financial performance of the company. This is evidenced by calculated F value is greater than the value of F table  and significant values significantly smaller than the size. Subsequently the partial test of the three variables tested only a capital structure that has a significant influence on the financial performance of the company.

scholarly journals INVESTMENT DECISION, MARKET CAPITALIZATION, AND COMPANY VALUE

2020 ◽  
Vol 8 (12) ◽  
pp. 696-704
Author(s):  
Hais Dama ◽  
◽  
Meriyana Franssisca Dungga ◽  
Firdza Salma Hasiru ◽  
◽  
...  
Keyword(s):  
Stock Price ◽  
Regression Coefficient ◽  
Stock Exchange ◽  
Investment Decision ◽  
Well Being ◽  
Market Capitalization ◽  
Company Value ◽  
Quantitative Descriptive ◽  
A Company ◽  
Descriptive Method

A company that canincrease its value will also be able to improve the well-being of the owner or the shareholders. To a company that issues stocks in the capital market, the stock price in the stock exchange is the indicator of a companys value. Good company value is identified from the companys performance it is also identified from the stable or increasing stock price.This present study analyzed the influence of investment decision and market capitalization on company value. It involved companies listed in the Jakarta Islamic Index (JII), and aimed to formulate a matter of consideration for investors. A quantitative descriptive method was employed to investigate the correlation and influence between variables. The result showed that: (1) investment decisionpartially influenced company value with regression coefficient value of 1.721 and significance value of 0.000 (2) market capitalization partially influenced company value with regression coefficient value of -0.163 and significance value of 0.041 (3) investment decision and market capitalization simultaneously influenced company value of companies listed in the JII with f-count value of 330.698 and significance value of 0.000. Moreover, the adjusted R2 test acquired value of 0.924. The number indicated that company value was influenced by investment decisionand market capitalization by 92.4 percent, while the rest 7.6 percent was due to other variables.

scholarly journals The Effect of Internal Financial Indicators on the Tendency of Accounting Fraud

2017 ◽  
Vol 9 (2) ◽  
pp. 123-131
Author(s):  
Dana Iswati ◽  
Marsellisa Nindito ◽  
Adam Zakaria
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Firm Size ◽  
Significant Influence ◽  
Stock Exchange ◽  
Financial Indicators ◽  
Accounting Fraud ◽  
Financial Leverage ◽  
Lemeshow Test ◽  
A Company

This research is carried out to prove factors of tendency of accounting fraud in companies empirically. Variable used in predicting the tendency of accounting fraud is profitability level, capital turnover, financial leverage, assets composition, and firm size tendency of accounting fraud. The population is companies registered in Indonesia Stock Exchange that are suspected to fraud the accounting during observation year 2013 2015. Samples are taken by using purposive sampling, there are 12 companies are proven to be done fraud accounting and 12 companies are not. Data is analysed by using logistic regression analysis and Hosmer and Lemeshow test to measure the model. The result shows that capital turnover and assets composition has significant influence on tendency of accounting fraud. Besides, profitability, financial leverage, and firm size has insignificant influence on tendency of accounting fraud variable. This research concluded that capital turnover and assets composition can be used as predictor of tendency of accounting fraud in a company.

scholarly journals PENGARUH GROWTH OPPORTUNITY TERHADAP NILAI PERUSAHAAN MELALUI STRUKTUR MODAL (pada Perusahaan Sektor Property, Real Estate & Building Construction yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2014)

2018 ◽  
Vol 4 (2) ◽  
pp. 15-28
Author(s):  
Nova Adhitya Ananda ◽  
I Nyoman Nugraha Ardana P
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Partial Least Square ◽  
Least Square ◽  
Building Construction ◽  
Construction Company ◽  
Growth Opportunity

ABSTRACT  The purpose of this research is to find the influence of growth opportunity and capital structure on firm value. The research objects used is property, real estate and building construction company which listed in Indonesian Stock Exchange in 2011-2014. This research used a purposive sampling technique in determining the research sample. The number of companies chosen as the sample in 37 company of 54 companies registered in property, real estate and building construction sector. This research was included in the explanatory research using quantitative approach. Data analysis method used in this research is partial least square (PLS) analysis. The result showed that in directly growth opportunity and capital structure has a significant effect on firm value. Growth opportunity undirectly has significant effect on the firm value by means of capital structure. Growth opportunity has a positive and significant effect on capital structure and capital structure has a negative and significant effect on firm value.Keywords : Growth Opportunity, Capital Structure and Firm Value

scholarly journals Determinan Nilai Perusahaan Dengan Struktur Modal Sebagai Variabel Intervening pada Perusahaan LQ 45 Di Indonesia

2019 ◽  
Vol 3 (1) ◽  
pp. 37-53
Author(s):  
Warsono ◽  
Fathoni Zoebaedi
Keyword(s):  
Capital Structure ◽  
Hypothesis Testing ◽  
Firm Value ◽  
Stock Exchange ◽  
Simultaneous Equation ◽  
Purposive Sampling ◽  
Research Hypothesis ◽  
Equation Modelling ◽  
A Company ◽  
Simultaneous Equation Modelling

This study aims to examine determinants (factors that affect) the value of the company that is profitability, liquidity and size of companies using capital structure as an intervening variable. The population in this study is a company that was selected in LQ 45 listed in the Indonesia Stock Exchange from august to january 2012- 2016 with 85 samples selected using purposive sampling. Research hypothesis testing using the Simultaneous Equation Modelling with Warpl PLS 6.0. Results of the analysis showed that profitability, liquidity and size significantly influence the firm value and capital structure. Capital structure is also able to mediate the effect of profitability, liquidity and size to the firm value.

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