scholarly journals The Influence of Capital Structure, Profitability, and Company Size on Firm Values in Manufacturing Companies Listed on the Indonesia Stock Exchange

2019 ◽  
Author(s):  
Thomas Sumarsan Goh ◽  
Melanthon Rumapea
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Company Size ◽  
Manufacturing Companies

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.

FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA TAHUN 2008-2010

2014 ◽  
Vol 3 (2) ◽  
Author(s):  
Ruflah M Daud
Keyword(s):  
Capital Structure ◽  
Ownership Structure ◽  
Capital Market ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Fiscal Year ◽  
Company Size ◽  
Sampled Data ◽  
Manufacturing Companies

This study aimed to examine and analyze the effect of liquidity, profitability, company size and ownership structure on capital structure in companies listed in Indonesia Stock Exchange from 2008-2010. The population of this research is all manufacturing companies listed in Indonesia Stock Exchange for the period 2008-2010 and published financial statements on December 31 for the fiscal year 2008-2010. This was a censuses research since all population sampled. Data used in this research is secondary data in the form of financial statements in the Indonesia Stock Exchange (IDX) 2008-2010. Data collection was done by the documentation and classifies data based on the financial statements of the criteria determined. Data  required in this research obtained from the Indonesian Capital Market Directory (ICMD) and the Capital Market Reference Center (PRPM) to address the Indonesia Stock Exchange Building Tower 2 1st Floor, Sudirman street Lot 52-53 Jakarta 12190. Based on these criteria, 114 companies obtained to be the target of Population.The results of this study indicate that both simultaneously, liquidity, profitability, company size, and ownership structure affect firm capital structure. Partially, variable profitability and ownership structure has a positive effect, while the variable size of the companiy’s and liquidity negative affect the capital structure of the manufacturing companies listed in Indonesia Stock Exchange from 2008-2010.  Keywords: Liquidity, Profitability, Company Size and Ownership Structure, Capital Structure

scholarly journals How Does Firm Size and Capital Structure Affect Firm Value?

2021 ◽  
Vol 1 (2) ◽  
Author(s):  
Radhika Putri Nursetya ◽  
Lina Nur Hidayati
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Data Gathering ◽  
Value Added ◽  
Company Size ◽  
Corporate Value ◽  
Manufacturing Companies ◽  
Corporate Valuation

Objective: This paper explores whether the firm size and capital structure have an impact on corporate valuation. Then it will raise profitability as an intervening variable on the effect of company size and capital structure on corporate valuation. Research Design & Methods: Data gathering method is finalized by using the documentation method. In this study, data were obtained from published financial reports. Samples from this study were 30 manufacturing companies listed on the Indonesia Stock Exchange. Findings: The results exhibited that firm size affected profitability and firm value. In the meantime, the capital structure has a big influence on performance and does not affect the company's valuation. Profitability has a positive effect on corporate value. This study also concludes that profitability can mediate firm size to firm value. Conversely, profitability cannot mediate capital structure on corporate value.   Implications & Recommendations: This study offers empirical evidence that profitability can be an intervening variable in firm size's effect on firm value. In further research, other variables can be added, which are considered to mediate company size and capital structure on corporate value.  Contribution & Value Added: This study's results contribute to the financial literature, especially those related to public corporations' value in Indonesia. As a practical contribution, stockholders can use this study's outcomes as additional information in investment decisions.

scholarly journals Faktor-Faktor Yang Mempengaruhi Struktur Modal Perusahaan Manufaktur Di BEI Periode 2015-2017

2019 ◽  
Vol 24 (1) ◽  
pp. 129
Author(s):  
Lukman Surjadi, Viviana
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Company Size ◽  
Manufacturing Companies ◽  
Business Risk ◽  
Significant Negative Effect ◽  
Negative Effect

Thisistudy aims to examine the effect of company size, profitability, and business risk on capital structure in listed manufacturing companies in Indonesian Stock Exchange period 2015-2017. This study use 24 manufacturing companies as sample in this study and also use multipleiregression analysis.iThe results of this study indicate that company size has a significant positive effectnon capitalustructure while profitability and business risk has a not significant negative effect on capital structure.

scholarly journals EFFECTS OF CAPITAL STRUCTURE, PROFITABILITY AND FIRM SIZE TOWARDS EARNING MANAGEMENT IN MANUFACTURING COMPANIES

2020 ◽  
pp. 74-83
Author(s):  
Dian Primanita Oktasari
Keyword(s):  
Data Analysis ◽  
Capital Structure ◽  
Earnings Management ◽  
Random Sampling ◽  
Fixed Effects ◽  
Sampling Method ◽  
Stock Exchange ◽  
Earning Management ◽  
Company Size ◽  
Manufacturing Companies

This study aims to examine the effect of capital structure, profitability and company size on earnings management. The population in this study is companies with manufacturing types listed on the Indonesia Stock Exchange in the period 2013 to 2017. Samples were obtained using a purposive random sampling method. Data analysis uses fixed effects. The results showed that the capital structure, profitability and size of the company affect earnings management

scholarly journals Pengaruh Struktur Modal Berdasarkan Profitabilitas, Pertumbuhan Aset, dan Ukuran Perusahaan pada Perusahaan Manufaktur

2019 ◽  
Vol 1 (4) ◽  
pp. 21-27
Author(s):  
Nita Dwijayanti ◽  
Hamdy Hady ◽  
Elfiswandi
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Descriptive Statistics ◽  
Company Size ◽  
Manufacturing Companies ◽  
Panel Data Regression ◽  
Data Regression ◽  
Asset Growth ◽  
The Right ◽  
Industry Sectors

This study aims to measure the level of influence of profitability, asset growth, and company size on changes in capital structure in manufacturing companies. The method used for sample determination is purposive sampling with analytical methods using descriptive statistics, classic assumption tests and multiple panel data regression. The data tested in the study were 112 companies in the basic and chemical industry sectors, consumer goods, and the textile and garment sub-sector listed on the Indonesia Stock Exchange (IDX). The results showed that partially profitability had a negative and significant effect on capital structure, while asset growth had a positive and significant effect. Then the company must be able to choose the right combination of financing sources in order to be able to produce optimal profits.

scholarly journals Effect of Business Risk, Company Size, and Asset Structure on Capital Structure with Profitability as an Intervening Variable (Case Study on Manufacturing Companies on the Indonesia Stock Exchange)

2021 ◽  
Vol 8 (8) ◽  
pp. 284-289
Author(s):  
Robby Rahadi Putra ◽  
Maya Sari ◽  
Widia Astuty
Keyword(s):  
Capital Structure ◽  
Structural Equation ◽  
Stock Exchange ◽  
Equation Model ◽  
Partial Least Square ◽  
Least Square ◽  
Company Size ◽  
Manufacturing Companies ◽  
Business Risk

The purpose of this study was to determine and analyze the effect of business risk, company size, and asset structure on capital structure with profitability as an intervening variable (case study on Manufacturing Companies on the Indonesia Stock Exchange). The population in this study are all Manufacturing Companies listed on the Indonesia Stock Exchange for the 2015-2019 period. Based on the purposive sampling method, 71 companies were obtained as samples. The data analysis technique used the partial least square (PLS) approach. PLS is a component-based or variant-based structural equation model (SEM). The results of the analysis show that business risk, company size, and asset structure have a significant effect on profitability. Business risk, company size and asset structure have a significant effect on capital structure. Profitability has no significant effect on capital structure. Profitability cannot mediate the effect of business risk, company size, and asset structure on capital structure. Keywords: Business Risk, Company Size, Asset Structure, Capital Structure, Profitability.

scholarly journals Pengaruh Pertumbuhan Penjualan, Ukuran Perusahaan, Struktur Aset dan Profitabilitas terhadap Struktur Modal pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode Tahun 2012-2015

2018 ◽  
Vol 27 (2) ◽  
pp. 253-285
Author(s):  
Nelli Novyarni ◽  
Lisna Wati
Keyword(s):  
Capital Structure ◽  
Size Structure ◽  
Stock Exchange ◽  
Financial Statements ◽  
Research Strategy ◽  
Equity Capital ◽  
Company Size ◽  
Sales Growth ◽  
Manufacturing Companies ◽  
The Capital Structure

Capital structure is the ratio or the balance between foreign capital and equity capital that affect decision making employment decisions. Where the capital structure is influenced by sales growth, company size, structure and profitability of assets. This study aims to influence sales growth, company size, structure and profitability of assets partially and simultaneously the capital structure on companies listed on the Stock Exchange. The research strategy used in this study is a research strategy associative. The method of research used in this research is quantitative method. In this study population was used as the financial statements of companies listed on the Stock Exchange. Samples taken by the researchers was 35 manufacturing companies that go public in BEI using data from the financial statements of the balance sheet and income statement in the period 2012-2015. The analytical tool used is Eviews 9.0. Based on the analysis and discussion show sales growth and no significant effect on the capital structure on companies listed on the Stock Exchange. The size of the company and significant effect on the capital structure of companies listed on the Stock Exchange. The structure of assets and significant effect on the capital structur        e of companies listed on the Stock Exchange. Profitability and no significant effect on the capital structure on companies listed on the Stock Exchange. Based on the results of simultaneous hypothesis testing the rate of sales growth, company size, structure and profitability of assets simultaneously significantly affect the capital structure means the hypothesis is proved significant.  

scholarly journals PENGARUH UKURAN PERUSAHAAN, STRUKTUR MODAL, LIKUIDITAS DAN INVESTMENT OPPORTUNITY SET (IOS) TERHADAP KUALITAS LABA PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

MODUS ◽  
2016 ◽  
Vol 26 (1) ◽  
pp. 19
Author(s):  
Paulina Warianto ◽  
Ch Rusiti
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Earnings Quality ◽  
Sample Selection ◽  
Sampling Technique ◽  
Company Size ◽  
Manufacturing Companies ◽  
Investment Opportunity ◽  
Investment Opportunity Set

The purpose of this study was to determine the efect of frm size, capital structure, liquidity and investment opportunity set (IOS) simultaneously and partially on the quality of earnings. Population in the study was all manufacturing companies listed on the Stock Exchange in 2008-2012. Sampling using purposive sampling technique that is specifc sample selection criteria, so that in can be sampled in this study were 360 companies manufacturing (72 per company). The analytical method used was the multiple linear regression. Te result shows simultaneous testing showed that the size of the company, capital structure, liquidity and investment opportunity set (IOS) efect on earnings quality. Partially, company size and liquidity signifcant positive efect on the quality of earnings. Capital structure and investment opportunity set (IOS) signifcant negative efect on the quality of earnings.Keywords: company size, capital structure, liquidity, investment opportunity set (IOS) and the quality of earnings.

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