scholarly journals NILAI PERUSAHAAN YANG DIMEDIASI PROFITABILITAS (Studi Empiris Pada Perusahaan Property dan Real Estate di Bursa Efek Indonesia Tahun 2013-2016).

2019 ◽  
Vol 11 (02) ◽  
pp. 60-82
Author(s):  
Mohklas Mohklas
Keyword(s):  
Data Analysis ◽  
Real Estate ◽  
Capital Structure ◽  
Firm Value ◽  
Significant Positive Effect ◽  
Independent Variables ◽  
Company Value ◽  
Corporate Growth ◽  
Company Growth ◽  
Positive Effect

The purpose of this study is to test, analyze the direct and indirect effects of Capital Structure and Company Growth on Firm Value through Profitability. So it can be seen which mediation path is the most dominant in influencing Company Value. In particular or managerial implementation is to provide input advice on the management of Property and Real Estate companies in making policies and decisions related to increasing company value. The variables in this study consisted of four variables where in the first stage the Capital Structure and Corporate Growth variables became independent variables while Profitability became the dependent variable. Then in the second stage of Capital Structure and Corporate Growth as independent variables, Profitability is an intervening variable, while the Corporate Value variable is the dependent variable. The population in this research is the Property and Real Estate companies listed on the Indonesia Stock Exchange from 2013 to 2016. The samples in this study were selected through purposive sampling, so that a sample of 80 companies was obtained. Data analysis method uses data analysis test; multiple linear regression and continued with path analysis. The results of this study are: Capital structure has a significant negative effect on profitability, company growth has a significant positive effect on profitability, capital structure has a significant positive effect on firm value, firm growth has no significant positive effect on firm value, and profitability has a significant positive effect on firm value. The capital structure has a significant positive effect on firm value, the magnitude of the direct effect is 0.226 and the indirect effect through profitability is -0.1844, the total effect is 0.1416. Company growth has no effect and no significant effect on firm value, the magnitude of direct influence is -0,088 and indirectly through profitability is -0,051, the total no influence is -0,139.

scholarly journals PERAN PROFITABILITAS DAN GOOD CORPORATE GOVERNANCE DALAM MEMEDIASI PENGARUH STRUKTUR MODAL DAN PERTUMBUHAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN (STUDI EMPRIS PERUSAHAAN PROPERTY DAN REAL ESTATE DI BURSA EFEK INDONESIA TAHUN 2013-2016)

2018 ◽  
Vol 13 (2) ◽  
pp. 210-235
Author(s):  
Ahmad Sahri Romadon ◽  
Heru Sulistiyo ◽  
Sam’ani Sam’ani
Keyword(s):  
Corporate Governance ◽  
Real Estate ◽  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Significant Positive Effect ◽  
Company Value ◽  
Good Corporate Governance ◽  
Negative Effect ◽  
Positive Effect

This research is about the value of property and real estate companies in Indonesia Stock Exchange 2013 to 2016. The purpose is to analyze Profitability and Good Corporate Governance in mediating the influence of Capital Structure and Corporate Growth on company value. Methods of data analysis using multiple regression and test to test the hypothesis sobel. Population in this research is property and real estate company listed in Indonesia Stock Exchange 2013 until 2016. Samples in this research selected through purposive sampling, so that obtained by sample as many as 80 companies. The result shows that capital structure has a significant negative effect on profitability, company growth has a significant positive effect on profitability. Capital structure has a significant positive effect on Good Corporate Governance, Corporate Growth has negative effect is not significant to Good Corporate Governance. Capital structure has a significant positive effect on firm value, company growth has negative effect not significant to firm value. Profitability has a significant positive effect on corporate value and Good Corporate Governance negatively influence not significant to company value. Profitability mediates negatively the influence of capital structure on firm value and positively positive significant growth of the firm against firm value. Good Corporate Governance does not mediate the influence of capital structure and firm growth on firm value

scholarly journals The Effect of Institutional Ownership, Capital Structure, Dividend Policy, and Company Growth on Company Value

2020 ◽  
Vol 1 (1) ◽  
pp. 1-9
Author(s):  
Reza Mulia Sari ◽  
Dina Patrisia
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Dividend Policy ◽  
Secondary Data ◽  
Company Value ◽  
Corporate Growth ◽  
Final Sample ◽  
Company Growth ◽  
The Relationship ◽  
Positive Effect

This paper aims to examine wheter there is significant institusional ownership, capital structure, dividen policy and company’s growth to firm value. This paper also aims to examine wheter variabel of company’s growth could be moderating this study. Sample of this study uses purposive sampling method in order to obtain a final sample accounting 36 companies with observation period from 2012-2017. Type of data in this study secondary data and uses in multiple linier regression as an analytical tool. The result of this study indicate that institusional ownership has no effect on firm value. Capital structure, dividend policy and company growth have a positive effect on firm value. Corporate growth cannot moderate the reationship between institusional ownership and firm value. Corporate growth weakens the relationship between capital structure and firm value. Corporate growth cannot moderate the relationship between dividend policy 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 Kepemilikan Manajerial terhadap Nilai Perusahaan di Mediasi oleh Kebijakan Dividen

2019 ◽  
Vol 9 (1) ◽  
pp. 1
Author(s):  
Fitri Kurnia Ramadhani ◽  
Mismiwati Mismiwati
Keyword(s):  
Data Analysis ◽  
Path Analysis ◽  
Firm Value ◽  
Stock Exchange ◽  
Secondary Data ◽  
Managerial Ownership ◽  
Significant Positive Effect ◽  
Company Value ◽  
Analysis Technique ◽  
Positive Effect

The aim of this research to determine the effect of Managerial Ownership (MOWN) on Company value (Tobins) mediated by devidend Policy (DPR) in companies listed in the Jakarta Islamic Index (JII) for perid of 2013-2017. The population on this study were 14 companies with 7 companies that became the study sample. Samples were taken by purposive sampling. The method used is quantitative by emphasizing numeral data. The data used in this study are secondary data taken from the official website of the Indonesia Stock Exchange. The data analysis technique using the path analysis test. The results showed that managerial ownership had a significant positive effect on firm value; Managerial ownership has a significant positive effect on Devidend Policy; Devidend policy has a positive effect on company value; and Devidend policy mediates between managerial ownership of company value.

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)

scholarly journals PENGARUH PROFITABILITAS DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI PEMEDIASI

2018 ◽  
Vol 7 (4) ◽  
pp. 1979
Author(s):  
Nelly Agustina Musabbihan ◽  
Ni Ketut Purnawati
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Firm Value ◽  
Sampling Method ◽  
Dividend Policy ◽  
Significant Positive Effect ◽  
Analysis Technique ◽  
Real Estate Company ◽  
A Company ◽  
Positive Effect

Firm value is the price that potential buyers are willing to pay when a company is sold. The value of this company is very important because it is a reflection of the company's performance that shows the prospects of the company in the future which is also a indicator of market valuation of the company as a whole. The purpose of this study is to determine the effect of profitability and dividend policy on firm value with capital structure as mediator. This research was conducted at Property and Real Estate Company listed on BEI. The number of samples taken as many as 14 companies from 42 companies listed during the period 2012-2016 with purposive sampling method. The analysis technique used is path analysis. Based on the results of the analysis found that profitability has a significant positive effect on capital structure, dividend policy has no significant positive effect on capital structure, profitability, dividend policy, and capital structure have a significant positive effect on firm value, and capital structure able to mediate between the effect of profitability on firm value but can not mediate the effect of dividend policy on firm value. Keywords: Profitability, dividend policy, capital structure, firm value

scholarly journals PENINGKATAN NILAI PERUSAHAAN BERBASIS PROFITABILITAS DAN STRUKTUR MODAL

2019 ◽  
Vol 13 (1) ◽  
pp. 1
Author(s):  
Aprih Santoso ◽  
Witjaksono E.H ◽  
Emaya Kurniawati
Keyword(s):  
Data Analysis ◽  
Capital Structure ◽  
Path Analysis ◽  
Multiple Regression ◽  
Research Method ◽  
Managerial Ownership ◽  
Significant Positive Effect ◽  
Analysis Techniques ◽  
Company Value ◽  
Positive Effect

The main purpose of companies that have gone public is to increase the prosperity of the owner or shareholders through increasing company value. This study aims to analyze the effect of profitability and capital structure on company value with managerial ownership as a moderating variable in LQ 45 companies. The research method used is quantitative with multiple regression data analysis techniques (path analysis). The results of this study are: (1) Profitability (ROA) is proven to have a significant positive effect on company value (PBV). (2) Profitability (ROA) is proven to have a significant positive effect on the company value (PBV). (3) Capital structure (DER) significantly influences company value (PBV) significantly.

scholarly journals Can Company Value In Intervening By Profitability And Capital Structure (Manufacturing Sector Evidance Listed on IDX 2012-2017)

2021 ◽  
Vol 2 (6) ◽  
pp. 2274-2289
Author(s):  
Fitria Haquei
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Total Sample ◽  
Sales Growth ◽  
Significant Positive Effect ◽  
Manufacturing Companies ◽  
Negative Effect ◽  
Company Growth ◽  
Positive Effect

This study aims to examine the effect of profitability mediation and capital structure on the effect of company growth on firm value. The study was conducted on manufacturing companies listing on the Indonesia Stock Exchange in 2012-2017 with a total sample of 17 companies. The research data was analyzed using causal step regression analysis and product of coefficient models with the help of the SPSS version 19.00 application. The results of testing the hypothesis obtained by sales growth is not significant to the value of the company. Sales growth has a negative effect on profitability. Profitability has a significant positive effect on firm value. The company's growth has a significant positive effect on capital structure. Capital structure has a significant negative effect on firm value. Profitability does not mediate the influence of company growth on firm value. Capital structure is able to mediate the influence of company growth on firm value.

PENGARUH UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING: STUDI EMPIRIS DI BEI

2020 ◽  
Vol 15 (1) ◽  
pp. 13
Author(s):  
Jove Vernando ◽  
Teguh Erawati
Keyword(s):  
Capital Structure ◽  
Path Analysis ◽  
Firm Size ◽  
Firm Value ◽  
Sampling Method ◽  
Company Size ◽  
Significant Positive Effect ◽  
Purposive Sampling ◽  
Company Value ◽  
Positive Effect

ABSTRACT This study aims to examine whether capital structure influences firm size, firm size influences firm value, capital structure influences firm value with firm size as an intervening variable.This study sampled manufacturing companies listed on the Indonesia Stock Exchange. The type of data used in conducting this research is secondary data in the form of the company's annual financial statements. During the 2016-2018 period, there were 81 samples in the property sector. The sampling method used in this study was purposive sampling. Namely the sampling method determined by researchers in accordance with certain criteria. Property sector companies are 29 sample companies. Data were analyzed using path analysis. The results of the study include (1) Company size has significant positive effect on firm value, (2) company size has significant positive effect on capital structure, (3) capital structure has significant positive effect on firm value, (4) Company size has significant positive effect on company value with Capital Structure as an intervening variable.Keywords: company size, company value,  capital structure ,path analysisABSTRAK Penelitian ini bertujuan untuk menguji apakah struktur modal berpengaruh tehadap ukuran perusahaan, ukuran perusahaan berpengaruh terhadap nilai perusahaann, struktur modal berpengaruh terhadap  nilai perusahaan dengan ukuran perusahaan sebagai variabel intervening. Penelitian ini mengambil  sampel perusahaan-perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Jenis data  yang digunakan  dalam melakukan penelitian ini merupakaan data sekunder berupa laporan keuangan tahunan perusahaan. Selama periode 2016-2018, terdapat 81 sampel disektor property. Metode penentuan sampel digunakan dalam penelitian ini adalah purposive sampling. Yaitu metode pengambilan sampel yang ditetapkan oleh peneliti sesuai dengan kriteria tertentu. Perusahaan sektor property adalah 29 sampel perusahaan. Data dianalisis dengan menggunakan path analysis. Hasil penelitian meliputi (1) Ukuran Perusahaan  berpengaruh positif  signifikan terhadap Nilai Perusahaan, (2) ukuran perusahaan berpengaruh positif signifikan terhadap Struktur Modal, (3) struktur modal berpengaruh positif signifikan terhadap nilai  perusahaan, (4) Ukuran Perusahaan berpengaruh positif signifikan terhadap Nilai Perusahaan dengan Struktur Modal sebagai variabel intervening.Kata kunci: ukuran perusahaan , nilai perusahaan, struktur modal, path  Analysis

scholarly journals Analysis of Financial Ratios for Predicting Bankruptcy in SMEs Listed on PEFINDO25

2020 ◽  
Vol 19 (2) ◽  
Author(s):  
Vitalia Fina Carla Rettobjaan
Keyword(s):  
Logistic Regression ◽  
Data Analysis ◽  
Activity Ratio ◽  
Significant Positive Effect ◽  
Debt Structure ◽  
Financial Ratio ◽  
Independent Variables ◽  
Negative Effect ◽  
And Control ◽  
Positive Effect

This study aims to analyze the Financial Ratio for Predicting Bankruptcy. The sample used in this study are SMEs according PEFINDO25 period 2013 to 2017. The independent variables in this study is liquidity, profitability, debt structure, solvency and activity ratio; and control variables is size and age, as well as the dependent variable is bankruptcy. The amount of sample in this study 32 companies PEFINDO25 by using purposive sampling. The method of data analysis is done by using logistic regression with SPSS version 23. The result of this research showed that liquidity, profitability and age has significant negative effect on bankruptcy. Debt structure has significant positive effect on bankruptcy. While solvency, activity ratio and size does not significantly effect on bankruptcy

Sign in / Sign up

Export Citation Format

Share Document