scholarly journals FIRM VALUE, CAPITAL STRUCTURE, PROFITABILITY, FIRM CHARACTERISTIC AND DISPOSIBLE INCOME AS MODERATOR: AN EMPIRICAL INVESTIGATION OF RETAIL FIRMS IN INDONESIA

2019 ◽  
Vol 7 (1) ◽  
pp. 79
Author(s):  
Mamay Komarudin ◽  
Naufal Affandi
Keyword(s):  
Regression Analysis ◽  
Capital Structure ◽  
Firm Value ◽  
Empirical Investigation ◽  
Stock Exchange ◽  
T Test ◽  
Moderator Variable ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
Firm Characteristic

This study examined the effect of capital structure on firm value; firm characteristic on firm value with disposible income as moderator variable; the effect of profitability on firm value. The study was conducted in Indonesia Stock Exchange (IDX) with samples of retail  firms listed on the IDX in 2014 to 2016  as many as 21 retail  firms. The analysis methode used Moderated Regression Analysis (MRA), classical assumption test and t test. The results showed that the capital structure didn’t have a significant negative effect on firm value. Profitability had a significant positif effect on firm value. Firm characteristic didn’t have a significant negative effect on firm value with disposible income as a moderator. The conclusion of research indicated that capital structure and profitability had a significant effect  on firm value while firm characteristic with disposible income as moderator didn’t have significant effect on firm value

scholarly journals PENGARUH KINERJA KEUANGAN DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN YANG DIMODERASI VARIABEL UKURAN PERUSAHAAN (Studi Empiris Perusahaan Sektor Perdagangan, Jasa dan Investasi yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2018)

2020 ◽  
Vol 8 (2) ◽  
pp. 77-87
Author(s):  
Annisa Dayanty ◽  
Widhy Setyowati
Keyword(s):  
Regression Analysis ◽  
Capital Structure ◽  
Financial Performance ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Negative Effect

The purpose of this research is to find empirical evidence about the effect of financial performance and capital structure on firm value and whether company size can moderate the influence of financial performance and capital structure on firm value. The sample in this research is the trading, service and investment companies which is listed on the Indonesia Stock Exchange (IDX) in period 2016-2018. The research sample are 33 companies using purposive sampling technique. The analysis methods of this research used multiple linear regression analysis and Moderated Regression Analysis (MRA) to test the moderating variables. The results showed that financial performance and firm size had a positive effect on firm value. Capital structure has a negative effect on firm value. And the firm size can not moderate the financial performance and capital structure of the firm's value

scholarly journals PENGARUH UKURAN PERUSAHAAN DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN DENGAN DEWAN KOMISARIS INDEPENDEN SEBAGAI VARIABEL MODERASI

2020 ◽  
Vol 7 (2) ◽  
Author(s):  
Karolina Yunita Dir ◽  
Abdul Halim ◽  
Rita Indah Mustikowati
Keyword(s):  
Regression Analysis ◽  
Capital Structure ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
T Test ◽  
Company Size ◽  
Company Value ◽  
Independent Variable ◽  
The Capital Structure

This study aims to explain and test how the influence of company size and capital structure on firm value with an independent board of commissioners as a moderating variable in banking companies listed on the Indonesia Stock Exchange in the period 2016-2017. This type of research is explanatory research, namely by using classical assumptions, using moderated regression analysis, and using the t test. The number of samples is 39 companies, and the sampling method is using purposive judgment sampling. The variables in this study consisted of company size and capital structure as an independent variable, company value as the dependent variable and the independent board of commissioners as moderation. The result of the analysis is that partially the size of the company affects the value of the company, the capital structure influences the value of the company, the independent board of commissioners strengthens the influence of the size of the company on the value of the company and the independent board of commissioners strengthens the effect of the capital structure on the value of the company.

scholarly journals PENGARUH TINGKAT PERTUMBUHAN TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL MODERASI

2018 ◽  
Vol 7 (4) ◽  
pp. 2196
Author(s):  
Ni Made Dewi Gita Widayanthi ◽  
Gede Merta Sudiartha
Keyword(s):  
Growth Rate ◽  
Regression Analysis ◽  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Insurance Companies ◽  
Insurance Company ◽  
Sample Collection ◽  
Company Value ◽  
Negative Effect

The purpose of this study is to determine the effect of growth rate on the value of the company as well as knowing the ability of capital structure in moderating the influence of growth rate to the value of the company. This study was conducted at an insurance company listed on the Indonesia Stock Exchange. The approach used in this research is causality approach. The population in this study are all insurance companies listed on the Indonesia Stock Exchange period 2011-2014, amounting to 11 companies, the sample collection is done by purposive sampling technique with a sample of 6 companies. Analysis technique in this research is moderate regression analysis (MRA). The result of classical and simultaneous assumption test shows that the regression model used is appropriate and the independent variable and the moderating variable have an effect on the company value. The result of research by using moderation regression analysis showed that growth rate had negative effect to company value. Capital structure is able to moderate by weakening the negative effect of growth rate on firm value. Keywords: company value, growth rate, capital structure.

scholarly journals ANALISIS ROA DAN LEVERAGE TERHADAP NILAI PERUSAHAAN DENGAN DEWAN KOMISARIS INDEPENDEN SEBAGAI VARIABEL PEMODERASIAN

2020 ◽  
Vol 7 (2) ◽  
Author(s):  
Patrisia Fitri Diana ◽  
Abdul Halim ◽  
Rita Indah Mustikowati
Keyword(s):  
Regression Analysis ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
T Test ◽  
Quantitative Approach ◽  
Return On Assets ◽  
Abnormal Distribution ◽  
Analysis Technique ◽  
Negative Effect

This study aims to determine the effect of return on assets and leverage on firm value with an independent board of commissioners as a moderating variable. This type of research is an explanatory research with a quantitative approach. The population used in this study is banking companies listed on the Indonesia Stock Exchange in 2016-2017. The sampling technique in this study was purposive sampling so that the sample was selected as many as 34 companies with a number of research 68 companies in 2 years. The analysis technique of this research is the moderated regression analysis. The results of this study indicate that the independent board commissioner variable as a moderating variable is not proven to moderate, because the variable always has an abnormal distribution and multicollinearity occurs even though it has been transformed in SPSS. In order to continue this research, the independent board commissioner variable as a moderating variable was removed. The results showed that partially or t test return on assets was not significant no effect while partially or t test leverage variable had a significant negative effect on firm value

scholarly journals The effect of enterprise risk management (ERM) on firm value in manufacturing companies listed on Indonesian Stock Exchange year 2010-2013

2018 ◽  
Vol 3 (2) ◽  
pp. 224-235 ◽  
Author(s):  
Iswajuni Iswajuni ◽  
Arina Manasikana ◽  
Soegeng Soetedjo
Keyword(s):  
Risk Management ◽  
Firm Value ◽  
Stock Exchange ◽  
Enterprise Risk Management ◽  
Managerial Ownership ◽  
Manufacturing Companies ◽  
Content Type ◽  
Significant Negative Effect ◽  
Enterprise Risk ◽  
Negative Effect

Purpose The purpose of this paper is to identify the effect of enterprise risk management (ERM) with firm size, ROA and managerial ownership as control variables on firm value that is proxied by Tobin’s Q. Design/methodology/approach Population of this research was manufacturing companies listed on the Indonesian Stock Exchange (IDX) in 2010–2013. The used method in this research is multiple linear regression-ordinary least square and hypotheses testing using t-test to test the regression coefficients with level of significance of 5 percent. Findings The results showed that ERM, ROA and size of the company have a significant positive effect on the firm value. While the managerial ownership has a significant negative effect on the firm value. Originality/value The results showed that firm value increases as ERM, ROA and size of the company improves. While the managerial ownership has a significant negative effect on the firm value.

scholarly journals THE INFLUENCE OF PROFITABILITY RATIOS, CAPITAL STRUCTURE AND SHAREHOLDING STRUCTURE AGAINST ON VALUE COMPANY (EMPIRICAL STUDY OF COAL MINING COMPANIES LISTED ON THE STOCK EXCHANGE OF INDONESIA YEAR 2011-2013)

2018 ◽  
Vol 1 (2) ◽  
Author(s):  
Gilang Ramadhan Fajri ◽  
Dwi Asih Surjandari
Keyword(s):  
Empirical Study ◽  
Capital Structure ◽  
Coal Mining ◽  
Firm Value ◽  
Stock Exchange ◽  
Partial Regression Coefficient ◽  
Mining Companies ◽  
Negative Effect ◽  
Profitability Ratios ◽  
Positive Effect

This study has the objective to assess the "Influence of Profitability Ratios, Capital Structure and Shareholding Structure Against On Value Company (Empirical Study of Coal Mining Companies Listed on the Stock Exchange of Indonesia Year 2011-2013)" The analysis technique used in this research is multiple linear regression and hypothesis testing using tstatistic to test the partial regression coefficient and f-statistic to test the feasibility of the research model with a 10% level of significance. It also conducted a classic assumption test including normality test, multicolinearity test, heteroscedasticity test and autocorrelation test. Based on the results of the study indicate that Profitability Return on equity positive effect on firm value. Earning pershare significant positive effect on the value of the company. The capital structure has a positive effect on firm value. institutional ownership has significant negative effect on the value of the company. Managerial ownership negatively affect the value of the company

scholarly journals What Determines The Capital Structure of Property, Real Estate and Building Construction Companies? Evidence from Indonesian Listed Companies

2020 ◽  
Vol 9 (4) ◽  
pp. 370-382
Author(s):  
Sari Fitri Fatimah ◽  
Rini Setyo Witiastuti
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Firm Size ◽  
Stock Exchange ◽  
Building Construction ◽  
Business Risk ◽  
Financial Flexibility ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
The Capital Structure

This research is intended to prove the influence of financial flexibility, asset structure, firm size, profitability and business risk on the capital structure. The population on this study are property, real estate and building construction sector that are listed on the Indonesia Stock Exchange in 2009-2018. The number of samples used were 28 companies with a purposive sampling method. The data studied was obtained from the Indonesia Stock Exchange (IDX). Methods of data analysis used in this study is multiple linear regression. The results showed that financial flexibility has not significant  negative effect on capital structure. Asset structure and firm size have a significant positive effect on capital structure. The profitability and business risk have a significant negative effect on capital structure. Further research is needed to use another proxies such as ROE for profitability variables or standard deviations from ROE for business risk on capital structure and add another sectors or the number of observation periods.

scholarly journals Pengaruh Struktur Modal Terhadap Nilai Perusahaan dan Kinerja Perusahaan Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia

2016 ◽  
Vol 3 (1) ◽  
pp. 62-69
Author(s):  
Rizky Mangondu ◽  
Yossi Diantimala
Keyword(s):  
Firm Performance ◽  
Linear Regression ◽  
Capital Structure ◽  
Analytical Method ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Purposive Sampling ◽  
Negative Effect

This study is aimed at examining the effect of capital structure on firm value and firm performance. The population in this research is banking companies listed in Indonesia Stock Exchange for three years (2021-2014). Using purposive sampling method, a sample of 54 companies is obtained. The analytical method used in this research is the analysis of linear regression. The results of this research shows that capital structure have a negative effect on firm value and firm performance.

scholarly journals PENGARUH FIRM SIZE, SALES GROWTH, STRUKTUR ASET, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING (Studi Empiris Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2012 – 2017)

2020 ◽  
Vol 12 (1) ◽  
pp. 47-68
Author(s):  
Suci Atiningsih ◽  
Asri Nur Wahyuni
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Sales Growth ◽  
Manufacturing Companies ◽  
Company Value ◽  
Negative Effect ◽  
Positive Effect ◽  
Data Analysis Methods

  The purpose of this study is to examine the effect of firm size, sales growth, asset structure, and profitability on firm value with capital structure as an intervening variable. The population are all companies listed on the Indonesia Stock Exchange. While the sample in this study were all manufacturing companies listed on the Indonesia Stock Exchange Period 2012 - 2017. Sampling using purposive sampling and data analysis methods using multiple linear regression and path analysis. The results of this study are firm size and asset structure have a positive effect on capital structure. Sales growth and profitability have a negative effect on capital structure. Capital structure, sales growth, and asset structure have a negative effect on firm value. Firm size has a positive effect on company value. Capital structure cannot mediate the influence of firm size and profitability on firm value. Capital structure can mediate the effect of sales growth and asset structure on firm value.  

scholarly journals The effect of stakeholder on firm value and environmental performance as intervening variable

2020 ◽  
Vol 2 (1) ◽  
pp. 41-56
Author(s):  
Djoko Suhardjanto ◽  
◽  
Sigit Santosa ◽  
Tri Fitrianto Suratno ◽  
Rini Fatmawati ◽  
...  
Keyword(s):  
Regression Analysis ◽  
Path Analysis ◽  
Research Methodology ◽  
Environmental Performance ◽  
Firm Value ◽  
Stock Exchange ◽  
Managerial Ownership ◽  
Analysis Method ◽  
Negative Effect ◽  
The Relationship

Purpose: This study aimed to understand the relationship between stakeholder and firm value with environmental performance as the intervening variable. The study was conducted on companies listed in Indonesia Stock Exchange and listed in the PROPER program during 2016 and 2017. The stakeholder variables in this study consist of managerial ownership (manager), consumer, and employee. Research methodology: The samples were determined using purposive sampling with a total of 131 companies and using path analysis method as an expansion of regression analysis. Result: The result is managerial ownership, consumer, and employee do not affect firm value directly. Managerial ownership has a positive and significant effect on firm value through environmental performance. The consumer has a significant and negative effect on the firm value through environmental performance and employee has a significant and negative effect on the firm value. Limitation: The sample is limited for two years period and adjusted R2 is 21.5%. Contribution: This study can identify variables that affect firm value, especially: manager, consumer, employee and environmental performance. Keywords: Firm value, Stakeholder, Environmental performance

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