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)

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.

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FAKTOR-FAKTOR YANG MEMENGARUHI STRUKTUR MODAL PADA PERUSAHAAN PROPERTI DAN REAL ESTATE DI INDONESIA

EKUITAS (Jurnal Ekonomi dan Keuangan) ◽

10.24034/j25485024.y2014.v18.i4.104 ◽

2018 ◽

Vol 18 (4) ◽

pp. 507-523

Author(s):

Teddy Chandra

Keyword(s):

Real Estate ◽

Capital Structure ◽

Stock Exchange ◽

Positive Influence ◽

Business Risk ◽

Factors Affecting ◽

Real Estate Sector ◽

Growth Opportunity ◽

Independent Variable ◽

Significant Positive Influence

This research aims to analyze the factors affecting capital structure of property and real estate companies in Indonesia. The dependent variable used was DER, while the independent variable included profitability, growth opportunity, tangibility, size, dividend, liquidity, and business risk. The samples taken were the companies listed on the property and real estate sector of Indonesia Stock Exchange which were selected using purposive sampling. Among 47 companies listed on the property and real estate sector in the population, 8 companies were listed after January 2010, 1 company was delisting, and 1 company shifted to other sector. Hence, the samples used in this research were only 37 companies. The method used was linear regression. The result showed that profitability negatively influences capital structure; size and business risk have significant positive influence to the capital structure. On the other hand, growth opportunity, dividend, and liquidity do not have any significant influence on capital structure.

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FAKTOR-FAKTOR YANG MEMENGARUHI STRUKTUR MODAL PADA PERUSAHAAN PROPERTI DAN REAL ESTATE DI INDONESIA

EKUITAS (Jurnal Ekonomi dan Keuangan) ◽

10.24034/j25485024.y2014.v18.i4.2187 ◽

2017 ◽

Vol 18 (4) ◽

pp. 507 ◽

Cited By ~ 1

Author(s):

Teddy Chandra

Keyword(s):

Real Estate ◽

Capital Structure ◽

Stock Exchange ◽

Positive Influence ◽

Business Risk ◽

Factors Affecting ◽

Real Estate Sector ◽

Growth Opportunity ◽

Independent Variable ◽

Significant Positive Influence

This research aims to analyze the factors affecting capital structure of property and real estate companies in Indonesia. The dependent variable used was DER, while the independent variable included profitability, growth opportunity, tangibility, size, dividend, liquidity, and business risk. The samples taken were the companies listed on the property and real estate sector of Indonesia Stock Exchange which were selected using purposive sampling. Among 47 companies listed on the property and real estate sector in the population, 8 companies were listed after January 2010, 1 company was delisting, and 1 company shifted to other sector. Hence, the samples used in this research were only 37 companies. The method used was linear regression. The result showed that profitability negatively influences capital structure; size and business risk have significant positive influence to the capital structure. On the other hand, growth opportunity, dividend, and liquidity do not have any significant influence on capital structure.

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Analisis Profitabilitas, Ukuran Perusahaan, Struktur Aset, Likuiditas, dan Risiko Bisnis terhadap Struktur Modal Perusahaan Manufaktur di Indonesia

Journal of Economic Bussines and Accounting (COSTING) ◽

10.31539/costing.v3i2.1064 ◽

2020 ◽

Vol 3 (2) ◽

pp. 282-291

Author(s):

Velda Lianto ◽

Annisa Nauli Sinaga ◽

Elvi Susanti ◽

Christina Yaputra ◽

Veronica Veronica

Keyword(s):

Capital Structure ◽

Firm Size ◽

Stock Exchange ◽

Sampling Technique ◽

Manufacturing Companies ◽

Business Risk ◽

Purposive Sampling ◽

The Capital Structure

Capital structure reflects the extent to which companies can manage existing capital to generate profits. The purpose of this research is to examine and analyze the influence of variables of profitability, firm size, asset structure, liquidity, and business risk on the capital structure in Manufacturing companies listed on the Indonesia Stock Exchange in the period of 2015 - 2018. The sampling technique uses purposive sampling by determining 3 criteria. From total of 155 companies, only 69 companies were sampled. The result of this research indicate that profitability has a positive and significant effect on capital structure, firm size has a positive and no significant effect on capital structure, asset structure has no effect and no significant on capital structure, liquidity and business risk have a negative and significant effect on capital structure in Manufacturing companies listed on the Indonesia Stock Exchange in the periode of 2015 - 2018. Keywords: Profitability, Firm Size, Asset Structure, Liquidity, Business Risk and Capital Structure

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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)

Distribusi - Journal of Management and Business ◽

10.29303/distribusi.v4i2.11 ◽

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

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Pengaruh profitabilitas, leverage, likuiditas, struktur modal dan keputusan investasi terhadap nilai perusahaan pada perusahaan sektor keuangan yang terdaftar di Bursa Efek Indonesia Tahun 2015-2017

Jurnal Paradigma Ekonomika ◽

10.22437/jpe.v16i1.12076 ◽

2021 ◽

Vol 16 (1) ◽

pp. 37-50

Author(s):

Peffi Manalu ◽

Getsmani Getsmani ◽

Citra Permatasari Hutagaol ◽

Deasy Arisandy Aruan

Keyword(s):

Capital Structure ◽

Firm Value ◽

Stock Exchange ◽

Investment Decisions ◽

Sampling Technique ◽

Financial Sector ◽

Quantitative Approach ◽

Research Approach ◽

Purposive Sampling ◽

Study Population

This study aims to determine the effect of profitability, leverage, liquidity, capital structure, and investment decisions on firm value. A research approach is a quantitative approach. The study population was taken from financial sector companies that have been listed on the Indonesia Stock Exchange 2015-2017, namely from a total of 87 companies, 39 companies were taken. The sample applies the purposive sampling technique. The research successfully proves that profitability, leverage, liquidity, capital structure, and investment decisions have a positive and significant effect on firm value. Partially, the research results are only profitability which has a positive and significant effect on firm value. So that the Adj obtained. R Square 13.1% with the remaining 86.9% influenced by outside variables. Keywords: Profitability,Leverage, Liquidity, Capital structure, Investment decisions, Firm value

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PENGARUH STRUKTUR MODAL DAN PROFITABILITAS TERHADAP HARGA SAHAM (Studi Kasus Pada Perusahaan Asuransi yang Terdaftar Di Bursa Efek Indonesia Periode 2015 sampai dengan 2017)

BALANCE Jurnal Akuntansi dan Bisnis ◽

10.32502/jab.v3i2.1252 ◽

2018 ◽

Vol 3 (2) ◽

pp. 308

Author(s):

Mutiara Lusiana Annisa ◽

Rizki Fitri Amalia

Keyword(s):

Capital Structure ◽

Stock Prices ◽

Stock Price ◽

Stock Exchange ◽

Descriptive Analysis ◽

Sampling Technique ◽

Linear Analysis ◽

Quantitative Approach ◽

Insurance Companies ◽

Purposive Sampling

This research purpose to know and explaining the effect of capital structure and profitability stock prices case of studies at the insurance companies that listed on the Indonesia Stock Exchange from period time of 2015 untul 2017. The type of research used is explanatory causality research with quantitative approach. Based on sampling technique “purposive sampling” researcher used 11 companies that meets the criteria. The method of analysis used in this research is statistical descriptive analysis multiple linear analysis. The result of the methods show that the capital structure and profitability have a significant effect on the structure of the stock price. The results of research for capital structure has an insignificant the stock price and profitability has a significant the stock price.

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DETERMINAN PENGAMBILAN KEPUTUSAN LINDUNG NILAI (HEDGING) DENGAN INSTRUMEN DERIVATIF VALUTA ASING PADA PERUSAHAAN MANUFAKTUR

Akuisisi: Jurnal Akuntansi ◽

10.24127/akuisisi.v15i1.281 ◽

2020 ◽

Vol 15 (1) ◽

pp. 9-26

Author(s):

Verawaty Verawaty ◽

Ade Kemala Jaya ◽

Megawati Megawati

Keyword(s):

Firm Size ◽

Significant Influence ◽

Financial Distress ◽

Stock Exchange ◽

Research Result ◽

Sampling Technique ◽

Corporate Value ◽

Manufacturing Companies ◽

Purposive Sampling ◽

Growth Opportunity

Abstract: Hedging is an alternative of risk management that aims to protect the assets of company from losses caused by the risk. This research was aimed to analyze the influence of corporate value, liquidity, leverage, growth opportunity, financial distress and firm size to the hedging decision on manufacturing companies listed in Indonesia Stock Exchange. The samples were 24 manufacturing companies which were listed in Indonesia Stock Exchange in the period of 2016-2017 which had been selected by using the purposive sampling technique. The data analysis technique used logistic regression. The research result showed that corporate value, liquidity and growth opportunity did not give any significant influence to the hedging decision whereas leverage, financial distress and firm size had significant influence to the hedging decision. Hedging adalah alternatif manajemen risiko yang bertujuan untuk melindungi aset perusahaan dari kerugian yang diakibatkan oleh risiko. Penelitian ini bertujuan untuk menganalisis pengaruh corporate value, liquidity, leverage, growth opportunity, financial distress dan firm size terhadap keputusan hedging pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Sampel yang digunakan adalah 24 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2016-2017 dengan menggunakan teknik purposive sampling. Teknik analisis data yang digunakan adalah analisis regresi logistik. Hasil penelitian ini menunjukkan bahwa variabel corporate value, liquidity, dan growth opportunity tidak berpengaruh signifikan terhadap keputusan hedging, sedangkan variabel leverage, financial distress dan firm size berpengaruh signifikan terhadap keputusan hedging.

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PENGARUH PROFITABILITAS, GROWTH OPPORTUNITY TERHADAP NILAI PERUSAHAAN dengan STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN PROPERTY, REAL ESTATE &BUILDING CONSTRUCTION DI BEI Periode 2011 – 2014

JMM UNRAM - MASTER OF MANAGEMENT JOURNAL ◽

10.29303/jmm.v5i4.3 ◽

2016 ◽

Vol 5 (4) ◽

Author(s):

Nova Adhitya Ananda

Keyword(s):

Real Estate ◽

Capital Structure ◽

Stock Exchange ◽

Sampling Technique ◽

Partial Least Square ◽

Least Square ◽

Building Construction ◽

Growth Opportunity ◽

Positive Effect ◽

The Capital Structure

This research is aimed at determining the effect of profitability, growth opportunity, and capital structure on the value of company. The object of this research is companies in the sector of property, real estate and building construction registered in Indonesian Stock Exchange during the period of 2011-2014. This research is using purposive sampling technique in determining samples. There are 37 out of 54 registered in the sector of property, real estate and building construction companies selected as the samples. The data were analyzed using partial least square (PLS) analysis. The research showed that growth opportunity and capital structure have direct significant effect on the value of company, while the profitability has not affected the value of company. Growth opportunity indirectly has positive effect on the value of company through the capital structure. Growth opportunity has positive effect on the capital structure. Profitability has positive and significant effect on the capital structure while capital structure has negative effect on the value of company.Key Words : Growth Opportunity, Profitability, Capital Struture And Value Of Company.

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PENGARUH STRUKTUR MODAL DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI)

Jurnal Ilmu Manajemen Universitas Tadulako (JIMUT) ◽

10.22487/jimut.v1i2.20 ◽

2015 ◽

Vol 1 (2) ◽

pp. 195-206

Author(s):

Fachturahman Triatmaja ◽

Muhammad Faisal ◽

Husnah Husnah

Keyword(s):

Capital Structure ◽

Significant Influence ◽

Stock Exchange ◽

Sampling Technique ◽

Negative Influence ◽

Manufacturing Companies ◽

Purposive Sampling ◽

Independent Variables ◽

Beverage Industry ◽

Food And Beverage

This study aims to determine and analyze the influence of capital structure and the size of the company on the company values in manufacturing companies of food and beverage industry sectors listed on the Indonesia Stock Exchange (BEI). The sample in this study consists of 11 companies that selected by purposive sampling technique. Method of data analysis is multiple linear regression using SPSS version 16.0. The results show that both independent variables simultaneously have positive and significant influence on value of the company with sig-F of 0.093 ≤ α 0.10 at confidence level of 90%. The t-test shows that the capital structure significantly has negative influence on the value of thecompany with sig-t of X1 = 0.032 ≤ α of 0.10 and beta value of -0882. While the company size has 2 non-significant influence on the value of the company with sig-t X2 = 0.787 ≥ α of 0.10 with R values of 0.052 or 5.2%. Both independent variables studied simultaneously influence the dependent variable (enterprise value), while the remaining 94.8% is influenced by other variables that are not studied. Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh struktur modal dan ukuran perusahaan terhadap nilai perusahaan di sektor industri makanan dan minuman manufaktur yang terdaftar di Bursa Efek Indonesia (BEI). Sampel dalam penelitian ini sebanyak 11 perusahaan diambil dengan metode purposive sampling. Metode analisis data dilakukan dengan menggunakan regresi linier berganda dengan menggunakan SPSS versi 16.0. Hasil penelitian menunjukkan bahwa kedua variabel bebas yang dipelajari secara simultan terbukti berpengaruh positif dan signifikan terhadap variabel terikatnya yaitu nilai perusahaan dengan sig-F sebesar 0,093 ≤ α 0,10 pada tingkat kepercayaan 90%. Kemudian melalui uji-t menunjukkan bahwa struktur modal dari efek negatif yang signifikan terhadap nilai perusahaan dengan sig-t X1 = 0,032 ≤ α sebesar 0,10 dan nilai beta -0882. Sedangkan ukuran perusahaan tidak berpengaruh signifikan terhadap nilai perusahaan dengan sig-t X2 = 0,787 ≥ α 0,10. Nilai R2 0,052 atau 5,2% sehingga kedua variabel independen yang dipelajari secara simultan mempengaruhi variabel dependen (nilai perusahaan), sedangkan sisanya 94,8% dipengaruhi oleh variabel lain yang tidak diteliti.

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