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 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 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 Leverage dan growth opportunity mempengaruhi nilai perusahaan melalui profitabilitas

2020 ◽  
Vol 16 (1) ◽  
pp. 31-40
Author(s):  
Supami Wahyu Setiyowati ◽  
Jamal Abdul Naser ◽  
Rini Astuti
Keyword(s):  
Firm Value ◽  
Stock Exchange ◽  
Corporate Value ◽  
Company Value ◽  
Growth Opportunity ◽  
Negative Effect ◽  
Processing Techniques ◽  
Company Growth ◽  
The Relationship ◽  
Positive Effect

Companys value is a reflectiond or good name of company. The company value means a lot to investors and potential investors. This researcsh aims to examined the effect of leverage and growth opportunityd on corporate value through profitability. In this studys, the populations of consumer goods companies listesd on the Indonesia Stock Exchange in the 2015-2017 period is used. This study used 15 companies as samples. Data processing techniques using path analysis. The results of the leverage study have a negative effect on profitability. A high amount of debt reduces profits. Growth opportunity affects profitability. Increase in assets increases profits. leverge has a negative effect on firm value. A high amount of debt reduces the value of the company. Growth opportunity has a positive effect on firm value. An increase in assets or sales increases the value of the company. Profitability has an effect on firm value. Profits increase firm value. The effect of leverage on firm value with profitability as an intervening variable is not proven. Profitability indirectly has no effect on the relationship between leverage and firm value. The effect of growth opportunity on firm value with profitability as an intervening is proven. Indirectly, profitability affects the relationshipd of growth opportunitsy and firm value. Companies must have right strategy in terms of using funds from outside the company to increase company value.

scholarly journals The Effect Of Financial Ratio On Company Value With Inflation As A Moderation Variable

2019 ◽  
Vol 23 (1) ◽  
pp. 33
Author(s):  
Herman Ruslim, Michael
Keyword(s):  
Capital Structure ◽  
Method Of Moments ◽  
Firm Value ◽  
Generalized Method Of Moments ◽  
Financial Ratio ◽  
Simultaneous Test ◽  
Company Value ◽  
Company Growth ◽  
Relationship Of ◽  
The Relationship

This study empirically examines the effect of capital structure, company growth, and profitability on firm value with inflation as a moderating variable in issuers in 2012-2015. The sample of this study was 245 issuers. The research method uses the Generalized Method of Moments (GMM) method. The result of this study is indicated that partially positive and significant effect on firm value (PBV) is the capital structure variable (DAR) and profitability (ROA), while company growth (growth) partially has a negative and no significant effect on firm value. Therefore, inflation moderates the effect of the relationship of profitability on firm value. The result of Simultaneous test showed that there is a significant effect of capital structure, company growth, profitability, and inflation simultaneously on firm value. This is indicated by the result of R-squared 19.3141% which indicated that variations in company value can be explained by variable capital structure, company growth, profitability and inflation of 19.3141% and the remaining 80.6859% explained by other factors.

PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN, PROFITABILITAS DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

2019 ◽  
Vol 4 (1) ◽  
pp. 529 ◽  
Author(s):  
Ida Zuraida
Keyword(s):  
Data Analysis ◽  
Capital Structure ◽  
Firm Size ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statement ◽  
Company Value ◽  
Measuring Tool ◽  
Positive Effect

The  purposes of the study was to determine the effect of capital structure , firm size, profitability and dividen policy on the company value. This serearch was in automotive companies listed on the indonesia stock exchange in 2012-2016. The data used secondary data with annual financial statement. Quantitative and qualitative data analysis methods used SPSS as measuring tool. Data analysis techniques used simultaneous tests and partial tests on the annual financial statements of  automotive companies  listed on the Indonesia stock exchange. The result of the study partially addressed the capital structure variables and firm size had a significant positive effect on the value of the company and profitability variables and dividend policy did not effect the value of the company while simultaneous testing of capital structure variable ,firm size , profitability and dividend policy had a significant effect on company value.

scholarly journals PENGARUH PROFITABILITAS, STRUKTUR MODAL, KEBIJAKAN DEVIDEN, DAN KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN (Studi Kasus Perusahaan Manufaktur Yang Go Publik di Bursa Efek Indonesia) PERIODE 2010 - 2014

2016 ◽  
Vol 4 (1) ◽  
Author(s):  
Sri Ayem ◽  
Ragil Nugroho
Keyword(s):  
Capital Structure ◽  
Empirical Evidence ◽  
Firm Value ◽  
Dividend Policy ◽  
Investment Decision ◽  
Investment Decisions ◽  
Secondary Data ◽  
Significance Level ◽  
Analysis Technique ◽  
Positive Effect

This research aims to find empirical evidence about the influence of profitability on firm value. To find empirical evidence about the influence of capital structure on firm value. To find empirical evidence about the influence of dividend policy on firm value. To know more about the influence of empirical evidence Investment Decision on firm value. To know more about the influence of empirical evidence profitability, capital structure, dividend policy and investment decisions simultaneously on firm value. Variables of this research are Profitability, Capital Structure, Dividend Policy, Investment Decisions and firm value. The type of data research is secondary data, it is manufacturing company's financial statements the period of 2010 - 2014. The analysis technique used is multiple linear regression with a significance level of 5%. The research results show that profitability have a positive and significant effect on firm value. Capital structure does not affect the firm value. Dividend policy is positive and significant effect on firm value. Investment policy and significant positive effect on firm value. Simultaneously profitability, capital structure, dividend policy and investment decisions are have significant effect on firm value. The effect of profitability, capital structure, dividend policy, and investment decisions to firm value by 37.5% while the rest influenced by other factors not included in the research model. Keywords: Profitability, Capital Structure, Dividend Policy, Investment Decisions and Firm Value

scholarly journals THE INFLUENCE OF CAPITAL STRUCTURE, DIVIDEND PAY OUT ON FIRM VALUE AND FIRM PERFORMANCE : EVIDENCE FROM INDONESIA STOCK EXCHANGE

2020 ◽  
pp. 17-23
Author(s):  
Indrayati Indrayati
Keyword(s):  
Firm Performance ◽  
Capital Structure ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Policy ◽  
Significant Positive Effect ◽  
Financial Reports ◽  
Positive Effect

The purpose of this study is to test empirically the effect of leverage, investment stock, bond, and dividend policy on firm value and firm performance for agriculture, basic chemical industry, consumer goods, and finance on the Indonesian stock exchange. The population of this study is 632 companies listed on the Indonesian stock exchange, with a sample of 236 companies in 2018-2019, secondary data sources from ICDM, and audited financial reports by collecting documentation data and processing data with moderate multiple linear regression. The findings of the research are that financial policy proxied by leverage, investment in stocks and bonds shows a significant positive effect on firm performance, and dividend policy also shows a significant positive effect on firm value. To increase the generalizability of research results, future studies will collect data with different populations or different countries. This study contributes to the performance and value of the company where the increase in leverage, investment, bonds, and dividends will increase the performance and value of the company. The implication of this research is to improve the performance and value of the company for the better. This research is limited to capital structure, dividend policy on firm value with firm performance as moderation. Further research can be developed with different samples and more for generalizations.

scholarly journals Financial Decision, Innovation, Profitability and Company Value: Study on Manufacturing Company Listed in Indonesian Stock Exchange

2015 ◽  
Vol 7 (2) ◽  
pp. 72-78
Author(s):  
Mursalim Mursalim ◽  
Nur Alamzah . ◽  
Abdullah Sanusi .
Keyword(s):  
Capital Structure ◽  
Capital Market ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Decision ◽  
Secondary Data ◽  
Financial Decisions ◽  
Company Value ◽  
Financial Decision ◽  
The Relationship

This study aims to describe the relationship between financial decisions, innovation, enterprise profitability and the value of the company. Based on the research objectives, this research is a causality research. The data used are secondary data for a 5-years period, obtained through several sources such as Indonesian Capital Market Directory (ICMD) and the websites of 22 companies. The results show that (1) Investment decision affects company profitability positively and significantly, (2) Investment decision affects company value positively and significantly, (3) Capital structure affects company profitability positively and significantly, (4) Capital structure affects company value positively and significantly, (5) Dividend policy affects company profitability positively and significantly, (6) Dividend policy does not affect company value, (7) Innovation affects company profitability positively and significantly, (8) Innovation affects company value positively and significantly, and (9) Profitability affects company value positively and significantly.

scholarly journals Kinerja Keuangan Memediasi Pengaruh Modal Intelektual dan Struktur Modal pada Nilai Perusahaan di Masa Pandemi Covid-19

2021 ◽  
Vol 31 (10) ◽  
pp. 2503
Author(s):  
Luh Ayu Meliani ◽  
Dodik Ariyanto
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Path Analysis ◽  
Intellectual Capital ◽  
Firm Value ◽  
Sampling Technique ◽  
Company Value ◽  
Negative Effect ◽  
The Relationship ◽  
Positive Effect

This study examines the effect of intellectual capital and capital structure on firm value with financial performance as a mediating variable. The sample was selected by purposive sampling technique. Data were analyzed using path analysis. The results of the analysis show that intellectual capital has no effect on financial performance, but has a positive effect on firm value. Capital structure has a positive effect on financial performance, but has no effect on firm value. Financial performance has a negative effect on firm value. The relationship between capital structure and firm value is successfully mediated by financial performance, however, financial performance does not mediate the relationship between intellectual capital and firm value. This research has implications for those who need information about company value in pharmaceutical sub-sector companies by considering the factors that influence it, especially during the Covid 19 pandemic. Keywords: Intellectual Capital; Capital Structure; Firm Value; Financial Performance.

scholarly journals ANALISIS STRUKTUR MODAL,PERTUMBUHAN PERUSAHAAN DAN KEBIJAKAN DIVIDEN UNTUK MENINGKATKAN NILAI PERUSAHAAN PADA PT TIMAH (PERSERO), TBK YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 6 (2) ◽  
pp. 32-39
Author(s):  
Suci Lestari ◽  
Yansen Siahaan ◽  
Elly Susanti ◽  
Supitriyani Supitriyani
Keyword(s):  
Capital Structure ◽  
Asset Management ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Analysis Techniques ◽  
Company Value ◽  
Company Growth ◽  
Retained Earnings

The purpose of this research is 1. To find out the description of capital structure, company growth, and dividend policy to increase the value of the company at PT Timah (Persero), Tbk which are listed on the Indonesia Stock Exchange. 2. To find out the factors that caused the company's value to PT Timah (Persero), Tbk to decline. This research was conducted using qualitative descriptive techniques, comparative analysis techniques and inductive analysis techniques. In this research the type of data used are qualitative data and quantitative data. In this research the data source used is secondary data. The technique data collection used is documentation technique. From the results of this study can be concluded that 1. The average capital structure tends to increase, company growth tends to decrease, dividend policy and company value tend to decrease. 2. capital structure increases due to increased long-term debt but not followed by company value, company growth decreases due to increased inventory but not followed by firm value, dividend policy decreases due to retained earnings more than profit distributed to investor as dividend.The results of the study suggest that companies should reduce the use of long-term debt in carrying out their company operations and improve asset management and increase dividend policy to attract the attention of potential investors to invest in the company

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