The Effect of Profitability, Company Size, Company Growth on Firm Value Through Capital Structure in Food and Beverage Companies on the Indonesia Stock Exchange 2014-2018 Period

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.

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

Corporate Ownership and Control ◽

10.22495/cocv17i1siart6 ◽

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)

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Determinan Struktur Modal dan Nilai Perusahaan

Jurnal Ilmiah Manajemen dan Bisnis ◽

10.30596/jimb.v21i2.5174 ◽

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.

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

HASANUDDIN JOURNAL OF BUSINESS STRATEGY ◽

10.26487/hjbs.v1i3.254 ◽

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.

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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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Effect of Profitability, Company Size, Capital Structure, and Liquidity Risk on Firm Value of Indonesian Banks

Organum: Jurnal Saintifik Manajemen dan Akuntansi ◽

10.35138/organum.v4i1.110 ◽

2021 ◽

Vol 4 (1) ◽

pp. 14-27

Author(s):

Fenty Fauziah ◽

Rafiqoh Rafiqoh

Keyword(s):

Capital Structure ◽

Firm Value ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Sample Selection ◽

Liquidity Risk ◽

Share Price ◽

Company Size ◽

The Public ◽

Retained Earnings

The main objective of any firm is to maximize shareholder's wealth, which can be seen from firm value. This study aims to analyze and explain the effect of profitability, company size, capital structure, and liquidity risk on firm value banking companies in Indonesia. The population of this study is all banking companies listed on the Indonesia Stock Exchange, with an observation period of 2017-2018. The sample selection using a purposive sampling method. Data have both cross-section and time variation. Analysis and hypothesis testing were carried out by using a linear regression analysis using Eviews 11. The results showed that investors viewed that the company's overall profits from its business activities could increase its share price. The capital structure owned by the public relatively small, which meant that the company could provide a source of funds from within the company in the form of the owner's capital or retained earnings. Funds obtained from loans, if they were not followed by the ability to manage funds or were not channeled back to the community, would cause interest expenses and destroy profits. This condition results in investors selling their shares. Investors in making investment decisions paid attention to one indicator at a time and paid attention to all the factors that determined the company's value.

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Pengaruh Profitabilitas, Hutang dan Ukuran Perusahaan terhadap Nilai Perusahaan Makanan dan Minuman

E-Jurnal Akuntansi ◽

10.24843/eja.2020.v30.i08.p17 ◽

2020 ◽

Vol 30 (8) ◽

pp. 2115

Author(s):

I Putu Pranata Eka Putra ◽

I Made Pande Dwiana Putra

Keyword(s):

Regression Analysis ◽

Firm Value ◽

Sampling Method ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

Company Size ◽

Analysis Techniques ◽

Food And Beverage ◽

Positive Effect

The purpose of this study is to obtain empirical evidence of the influence of profitability, debt, and company size on the value of food and beverage companies. This research was conducted in all food and beverage companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2018 period, amounting to 13 sample companies. The sampling method used in this study was purposive sampling and data analysis techniques in this study used multiple linear regression analysis. Based on the analysis conducted, it was found that profitability, debt, and company size had a positive effect on firm value. Keywords: Profitability; Debt; Company Size; The Value Of The Company.

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Pengaruh Profitabilitas, Likuiditas, Struktur Aktiva, Ukuran Perusahaan, dan Tax Avoidance Terhadap Struktur Modal

EKONOMIS Journal of Economics and Business ◽

10.33087/ekonomis.v5i1.286 ◽

2021 ◽

Vol 5 (1) ◽

pp. 168

Author(s):

Muhammad Efendi ◽

Kartika Hendra Titisari ◽

Suhendro Suhendro

Keyword(s):

Capital Structure ◽

Sampling Method ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Tax Avoidance ◽

Secondary Data ◽

Multiple Linear Regression Analysis ◽

Company Size ◽

Food And Beverage ◽

Data Source

This study aims to determine the effect of profitability, liquidity, asset structure, company size, and tax avoidance on capital structure. The population in this study is the food and beverage sub-sector companies listed on the Indonesia Stock Exchange (BEI) 2016-2019. The sample was selected from the purposive sampling method and got a sample of 10 companies from several criteria. The data source is secondary data from the website www.idx.co.id. This research uses multiple linear regression analysis. The results of this research indicate that profitability affects the capital structure. Meanwhile, liquidity, asset structure, company size and tax avoidance have no effect on capital structure.

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How Does Firm Size and Capital Structure Affect Firm Value?

Journal of Management and Entrepreneurship Research ◽

10.34001/jmer.2020.12.01.2-7 ◽

2021 ◽

Vol 1 (2) ◽

Author(s):

Radhika Putri Nursetya ◽

Lina Nur Hidayati

Keyword(s):

Capital Structure ◽

Firm Size ◽

Firm Value ◽

Stock Exchange ◽

Data Gathering ◽

Value Added ◽

Company Size ◽

Corporate Value ◽

Manufacturing Companies ◽

Corporate Valuation

Objective: This paper explores whether the firm size and capital structure have an impact on corporate valuation. Then it will raise profitability as an intervening variable on the effect of company size and capital structure on corporate valuation. Research Design & Methods: Data gathering method is finalized by using the documentation method. In this study, data were obtained from published financial reports. Samples from this study were 30 manufacturing companies listed on the Indonesia Stock Exchange. Findings: The results exhibited that firm size affected profitability and firm value. In the meantime, the capital structure has a big influence on performance and does not affect the company's valuation. Profitability has a positive effect on corporate value. This study also concludes that profitability can mediate firm size to firm value. Conversely, profitability cannot mediate capital structure on corporate value. Implications & Recommendations: This study offers empirical evidence that profitability can be an intervening variable in firm size's effect on firm value. In further research, other variables can be added, which are considered to mediate company size and capital structure on corporate value. Contribution & Value Added: This study's results contribute to the financial literature, especially those related to public corporations' value in Indonesia. As a practical contribution, stockholders can use this study's outcomes as additional information in investment decisions.

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PENGARUH PERTUMBUHAN PERUSAHAAN, UKURAN PERUSAHAAN, STRUKTUR MODAL DAN RETURN ON EQUITY TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

Jurnal Benefita ◽

10.22216/jbe.v1i1.3388 ◽

2019 ◽

Vol 1 (1) ◽

pp. 78 ◽

Cited By ~ 1

Author(s):

Suci Wahyuliza ◽

Ratna Fahyani

Keyword(s):

Capital Structure ◽

Dividend Policy ◽

Stock Exchange ◽

Sampling Technique ◽

Company Size ◽

Return On Equity ◽

Purposive Sampling ◽

Corporate Growth ◽

Company Growth ◽

Simultaneous Influence

The purpose of this study is to determine the partial and simultaneous influence of Corporate Growth, Company Size, Capital Structure and Return On Equity Against Dividend Policy. The population of this study is a manufacturing company listed on the Indonesia Stock Exchange (BEI) in 2013 until 2015 as many as 131 companies. Sampling was done by purposive sampling technique so that resulted 22 company. Data analysis used is multiple regression analysis. The result of the research shows that company growth does not influence Dividend Policy, while Company Size, Capital Structure and Return on Equity influence to dividend policy.Tujuan penelitian ini adalah untuk mengetahui pengaruh secara parsial dan simultan dari Pertumbuhan Perusahaan, Ukuran Perusahaan, Struktur Modal dan Return On Equity Terhadap Kebijakan Dividen. Populasi penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2013 sampai tahun 2015 sebanyak 131 perusahaan. Pengambilan sampel dilakukan dengan teknik purposive sampling sehingga dihasilkan 22 perusahaan. Analisis data yang digunakan adalah analisis regresi berganda. Hasil penelitian menunjukkan bahwa Pertumbuhan Perusahaan tidak berpengaruh terhadap Kebijakan Dividen, sedangkan Ukuran Perusahaan, Struktur Modal dan Return on Equity berpengaruh terhadap Kebijakan dividen.

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