scholarly journals Trade off Theory Testing on Company Capital Structure Compass Stock Index 100

2020 ◽  
Vol 3 (4) ◽  
pp. 4019-4025
Author(s):  
Denni Hutapea ◽  
Munawarah Munawarah ◽  
Angelia Cunata ◽  
Calvin Calvin
Keyword(s):  
Capital Structure ◽  
Observational Data ◽  
Firm Size ◽  
Quantitative Research ◽  
Stock Index ◽  
Theory Testing ◽  
Research Approach ◽  
Company Size ◽  
Sales Growth ◽  
Trade Off

The research objective was to determine the effect of asset structure, profitability, company size and sales growth on capital structureKompas Stock Index Company 100. Quantitative research approach with explanatory types of research. There are 100 companies in Kompas 100 with the use of a sample of 40 companies with a total of 200 observational data. The result is that the asset structure, profitability, firm size have an effect oncapital structure Kompas Stock Index Company 100. Sales growth has no effect oncapital structure Kompas Stock Index Company 100. Asset structure, profitability, company size and sales growth have an effect on capital structure Kompas Stock Index Company 100.

scholarly journals PENGARUH SALES GROWTH, CURRENT RATIO, FIRM SIZE, DAN RETURN ON ASSETS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN CONSUMER GOODS YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2012-2016

2019 ◽  
Vol 2 (2) ◽  
pp. 1-16
Author(s):  
Herna Sari Dewi ◽  
Andri Tampubolon ◽  
Angel Rika ◽  
Thomas Handoko ◽  
Enda Noviyanti Simorangkir ◽  
...  
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Consumer Goods ◽  
Quantitative Research ◽  
Causal Relation ◽  
Sampling Technique ◽  
Research Approach ◽  
Sales Growth ◽  
Return On Assets ◽  
Current Ratio

Capital structure is permanent financing consisting of long-term debt, preferred stock and stockholders's equity. Companies in determining the capital structure needs to consider and pay attention to the many variables that influence directly for capital structure decisions will affect the condition and value of the company and to determine the company's ability to survive and thrive. The research is used a quantitative research approach. This type of research is used quantitative research and the nature of this research is causal relation research. The research samples is used purposive sampling technique consisting of 25 consumer goods companies. The research simultaneously showed that sales growth, current ratio, firm size, and return on assets had a significant effect on capital structure of consumer goods companies listed on the Indonesia Stock Exchange for the period 2012-2016. The research partially showed that sales growth did not have any significant effect on capital structure, current ratio and return on assets had negative and significant effect on capital structure, and firm size had positive and significant effect on capital structure.

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

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.

scholarly journals Influence Capital Structure, Liquidity, Size the Company, Debt Policy and Profitability towards Corporate Value on Property Company, Real Estate and Building Construction Listed on the Stock Exchange Indonesia Period 2016-2019

2021 ◽  
Vol 4 (2) ◽  
pp. 2241-2256
Author(s):  
Albert Wijaya ◽  
Juliana Juliana ◽  
Valen Avelina
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Building Construction ◽  
Research Approach ◽  
Company Size ◽  
Construction Companies ◽  
Company Value ◽  
Debt Policy

Property issuers must be prepared to face another year of sluggish market where after three years there has been a continuous cycle of weakness. The purpose of this research is to see the influence. Capital Structure, Liquidity, Company Size, Debt Policy and Profitability against Company Value in property companies, re-evaluation and construction of buildings listed on the Indonesia Stock Exchange for the 2016-2019 Period. Quantitative research approach. This type of descriptive quantitative research. The nature of this research is due and effect / causal. The population in this study were 83 types of property, real estate, and building construction companies listed on the Indonesia Stock Exchange for the 2016-2019 Period. The sample is 23 companies. The result is that the capital structure has no partial effect on company value in companies, real estate and building construction listed on the Indonesia Stock Exchange for the 2016-2019 Period. Liquidity does not partially affect the value of property, real estate and building construction companies listed on the Indonesia Stock Exchange for the 2016-2019 period. The size of the company does not have a partial effect on the value of the company in property, real estate and building construction listed on the Indonesia Stock Exchange for the 2016-2019 period. The debt policy does not have a partial effect on company value in property, real estate and building construction listed on the Indonesia Stock Exchange for the 2016-2019 period. Profitability has a partial effect on company value in property, real estate, and building construction listed on the Indonesia Stock Exchange for the 2016-2019 period. Capital structure, liquidity, company size, debt and profitability simultaneously influence the value of the company in property, real estate and building construction listed on the Indonesia Stock Exchange for the 2016-2019 period.

scholarly journals Effect of Firm Size on Sales Growth with Capital Structure as An Intervening Variable

2021 ◽  
Vol 4 (1) ◽  
pp. 93-103
Author(s):  
Shafarina Dewi Kusuma ◽  
Nurika Restuningdiah ◽  
Puji Handayati
Keyword(s):  
Capital Structure ◽  
Path Analysis ◽  
Direct Effect ◽  
Firm Size ◽  
Indirect Effect ◽  
Consumer Goods ◽  
Research Approach ◽  
Sales Growth ◽  
Significant Positive Effect ◽  
Positive Effect

The increasing need for consumer goods can cause the sectors of consumer goods are trying to increase their production activity which is supported by the firm's performance. It gives a signal of the high level of cash flow in the future and as a positive signal to creditors as an indication of the firm's sales growth. The purpose of this research is to test the validity of trade-off theory and resource-based view theory. In addition, this study aims to determine the direct effect and indirect effect between firm size on sales growth through capital structure. The sample used in this study are the sixteen companies for three years and those were tested by using path analysis and uses a quantitative research approach. The results of this study prove that firm size has a significant positive effect on sales growth through capital structure, which is proven based on the comparison of the indirect effect with the direct effect. This study aims to determine the direct effect and indirect effect between firm size on sales growth through capital structure. The sample used in this study is sixteen consumer goods sector companies that are listed on the Indonesia Stock Exchange throughout 2016-2018. Sixteen companies were tested using path analysis. The result of this study shows that firm size has a significant positive effect on sales growth through capital structure, which is proven based on the comparison of the indirect effect with the direct effect.

scholarly journals Characteristics and Activities of Women with Socio-Economic Prone in the Pattingaloang Baru Village, Ujung Tanah District, Makassar City

2021 ◽  
Vol 4 (1) ◽  
pp. 421-431
Author(s):  
Velicia Velicia ◽  
Chintya Chintya ◽  
Kelvin William
Keyword(s):  
Capital Structure ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Research Approach ◽  
Company Size ◽  
Manufacturing Companies ◽  
Literature Study ◽  
Food And Beverage ◽  
Data Collection Technique ◽  
The Capital Structure

The purpose of this study was to determine the effect of company size, profitability, liquidity and sales stability on the capital structure of the Food and Beverage Sub-Sector Manufacturing companies listed on the Indonesia Stock Exchange in 2014-2019. This study uses a quantitative research approach. The data collection technique is literature study. The population of this research is 25 manufacturing companies in the Food and Beverage Sub-Sector listed on the Indonesia Stock Exchange in 2014-2019. The research sample was 12 companies. The model is with multiple linear regression. The result is that company size has no effect on the capital structure of the Food and Beverage Sub-Sector Manufacturing companies listed on the Indonesia Stock Exchange in 2014-2019.

scholarly journals FAKTOR FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN

Horizon ◽  
2021 ◽  
Vol 1 (2) ◽  
pp. 250-262
Author(s):  
Rika Fitryani ◽  
Citra Ramayani ◽  
Desi Areva
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Company Size ◽  
Sales Growth ◽  
Current Ratio ◽  
Food And Beverages ◽  
Negative Effect

This study aims to analyze: 1) the effect of profitability on firm value, 2) the effect of capital structure on firm value, 3) the effect of firm size on firm value, 4) the effect of sales growth on firm value, 5) the effect of the current ratio on firm value, 6) the influence of profitability, capital structure, company size, sales growth and current ratio together affect firm value. The results of this study indicate that: profitability has a significant effect on firm value, capital structure has no significant effect on firm value, firm size has a negative effect on firm value, sales growth has no significant effect on firm value, current ratio has a significant effect on firm value in sub-sector companies. food and beverages listed on the Indonesia Stock Exchange (BEI) 2013-2017

scholarly journals Determinants of Capital Structure in Financial Institutions: Evidence from selected Micro Finance Institutions of Ethiopia

2021 ◽  
Author(s):  
Kanbiro Orkaido
Keyword(s):  
Regression Analysis ◽  
Capital Structure ◽  
Research Design ◽  
Financial Institutions ◽  
Firm Size ◽  
Quantitative Research ◽  
Research Approach ◽  
Leverage Ratio ◽  
Negative Effect

The aim of this study was to identify MFIs specific determinants of capital structure of selected micro finance institutions in Ethiopia. The researcher employed quantitative research approach with explanatory research design. The result of regression analysis showed that out that variables like growth, profitability, firm size, age, and asset tangibility have positive and statistically significant effect on leverage ratio. Whereas, profitability has statistically significant and negative effect on capital structure. Based on the findings of the study, the researcher concluded that the firm specific determinants of capital structure of micro finance institutions in Ethiopia were growth, profitability, firm size, age, and asset tangibility.

scholarly journals Firm Size as Moderator to Capital Structure-Its Determinants Relations

2019 ◽  
Vol 4 (3) ◽  
pp. 108-115
Author(s):  
Maya Sari ◽  
Netti Siska N ◽  
S. Sulastri
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Moderating Effect ◽  
Strategic Decision ◽  
Company Size ◽  
Manufacturing Companies ◽  
Pecking Order ◽  
Trade Off ◽  
Moderation Effect ◽  
The Relationship

Objective – Capital structure policy is a strategic decision related to the selection of funding sources. The best mixed of capital structure will produce a low cost of capital, which in turn can maximize the value of the company. This study aims to determine the effect of company size as a moderator on the relationship of capital structure and its determinant factors on manufacturing companies in Indonesia and Malaysia. Methodology – Data were collected from 40 manufacturing companies listed on the Indonesia Stock Exchange and 130 manufacturing companies listed on the Bursa Malaysia during 2008-2017. This study will analyze the determinants of capital structure consisting of liquidity, profitability, tangibility and efficiency as well as company size as a moderating variable. The research method uses panel data regression. Findings – The company size provides a moderating effect on the relationship between capital structure with liquidity, profitability, tangibility and efficiency, and this moderation effect is strengthened in large companies in Indonesia. Instead, this moderation effect is weakening for large companies in Malaysia Novelty – Research shows that the "modified pecking order" model is better able to explain the capital structure, policies of manufacturing companies in Indonesia and Malaysia compared to the traditional pecking order and trade off theory models. Type of Paper: Empirical Keywords: Capital Structure; Pecking Order Theory; Trade Off Theory; Manufacturing Company; Moderating Effect. Reference to this paper should be made as follows: Sari, M; Netti, S.N; Sulastri, S. 2019. Firm Size as Moderator to Capital Structure-Its Determinants Relations, J. Fin. Bank. Review 4 (3): 108–115 https://doi.org/10.35609/jfbr.2019.4.3(4) JEL Classification: G23, G30, G32.

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.

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