THE EFFECT OF CAPITAL STRUCTURE, LIQUIDITY AND PROFITABILITY ON COMPANY VALUE IN THE FOOD SUB SECTOR AND BEVERAGES ON THE INDONESIA STOCK EXCHANGE

This research is motivated by the inconsistency of the results of previous studies so that the purpose of this study is to determine the effect of capital structure, liquidity and profitability on firm value in the Food and Beverage Sub-Sector on the Indonesia Stock Exchange in 2016-2019. The population in this study is the Food and Beverage Sub-Sector companies on the Indonesia Stock Exchange in 2016-2019 through the website www.idx.co.id, where the sample used is 12 companies with 48 observations and the analytical technique used is the classical assumption test, multiple linear regression, and t test. The results of the analysis show that the capital structure has a negative effect on firm value in the food and beverage sub-sector companies on the Indonesia Stock Exchange. Liquidity has a negative effect on firm value in food and beverage sub-sector companies on the Indonesia Stock Exchange. Profitability has a positive effect on firm value in food and beverage sub-sector companies on the Indonesia Stock Exchange. .

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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)

JURNAL STIE SEMARANG ◽

10.33747/stiesmg.v12i1.396 ◽

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.

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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)

Fokus Ekonomi : Jurnal Ilmiah Ekonomi ◽

10.34152/fe.13.2.210-235 ◽

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

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Pengaruh Likuiditas, Leverage, dan Profitabilitas terhadap Nilai Perusahaan pada Subsektor Makanan dan Minuman yang Terdaftar di BEI 2015-2018

Jurnal Ilmiah Aset ◽

10.37470/1.23.2.181 ◽

2021 ◽

Vol 23 (2) ◽

pp. 109-119

Author(s):

Anggun Wimidhati ◽

Iin Indarti ◽

Wenny Ana Adnanti

Keyword(s):

Regression Analysis ◽

Linear Regression ◽

Multiple Linear Regression ◽

Firm Value ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

Significant Positive Effect ◽

Food And Beverage ◽

Positive Effect

The purpose of this study was to analyze the effect of liquidity, leverage, and profitability on firm value of food and beverage companies listed on the Indonesia Stock Exchange period 2014-2018. The population were 72 and the sample were 40 companies. This study used the technique of classical assumption test and multiple linear regression analysis. Partial results of research showed that liquidity did not affect firm value, leverage had a significant positive effect on firm value, profitability had significant positive effect on firm value.

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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 Accounting Journal of Binaniaga ◽

10.33062/ajb.v1i2.33 ◽

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

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ANALISIS PENGARUH PROFITABILITAS, STRUKTUR MODAL, KEPEMILIKAN MANAJERIAL DAN DEWAN KOMISARIS INDEPENDEN TERHADAP NILAI PERUSAHAAN

Jurnal Riset Mahasiswa Akuntansi ◽

10.21067/jrma.v8i1.4451 ◽

2020 ◽

Vol 8 (1) ◽

Author(s):

Alfiana Suri ◽

Retno Wulandari ◽

Supami Wahyu Setiyowati

Keyword(s):

Linear Regression ◽

Capital Structure ◽

Multiple Linear Regression ◽

Analytical Method ◽

Firm Value ◽

Sampling Method ◽

Managerial Ownership ◽

Purposive Sampling ◽

Company Value

The effect of profitability, capital structure, managerial ownership and independent board of commissioners on the company's value both simultaneously and partially. The technique used in sampling uses a purposive sampling method because in sampling it uses certain criteria. The research was conducted in the period 2016-2018. The analytical method used is multiple linear regression with the SPSS 22 program. The results of the study show that there is simultaneously an influence between profitability, capital structure, managerial ownership and independent board of commissioners on company value and partial profitability which has no influence on firm value, while capital structure, managerial ownership and independent board of commissioner have a significant effect on the value of the company.

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

Jurnal Dinamika Akuntansi dan Bisnis ◽

10.24815/jdab.v3i1.4398 ◽

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.

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The Effect of Profitability, Liquidity, and Capital Structure on Firm Value with Dividend Policy as a Moderating Variable in the Company Mining Listed on the Indonesia Stock Exchange

International Journal of Research and Review ◽

10.52403/ijrr.20211241 ◽

2021 ◽

Vol 8 (12) ◽

pp. 328-337

Author(s):

Emelia Febrinawaty Cordiaz ◽

Erlina . ◽

Chandra Situmeang

Keyword(s):

Capital Structure ◽

Firm Value ◽

Dividend Policy ◽

Stock Exchange ◽

Analytical Technique ◽

Independent Variables ◽

Mining Companies ◽

Policy Variable ◽

Negative Effect ◽

The Relationship

The purpose of this study is to examine and analyze the effect of profitability, liquidity, and capital structure on firm value in mining companies listed on the Indonesia Stock Exchange and to test whether dividend policy can moderate the relationship between the independent variables and the dependent variable. The population of this study is all mining companies listed on the Indonesia Stock Exchange from 2011 to 2019. The research sample was determined by the purposive sampling method, so a sample of 11 companies was multiplied by 9 years of research to obtain 99 observations. The analytical technique used in this study is moderating regression analysis (MRA) with Eviews 10 software tools. This study partially shows that profitability has a positive effect on firm value, liquidity has a negative effect on firm value, and capital structure has a negative effect on firm value. All of these independent variables together affect firm value. The dividend policy variable moderates the relationship between profitability and firm value but does not moderate the relationship between liquidity and capital structure on firm value. Keywords: profitability, liquidity, capital structure, dividend policy, firm value.

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Faktor-Faktor Nilai Perusahaan: Kajian Berdasarkan Modal Intelektual, Pertumbuhan dan Kinerja Perusahaan

E-Jurnal Akuntansi ◽

10.24843/eja.2020.v30.i04.p09 ◽

2020 ◽

Vol 30 (4) ◽

pp. 911

Author(s):

Moch. Adam Ferdiansyah ◽

Fahmi Achmad Faisal

Keyword(s):

Intellectual Capital ◽

Firm Value ◽

Stock Exchange ◽

Company Performance ◽

Manufacturing Companies ◽

Analytical Technique ◽

Company Value ◽

Capital Growth ◽

Negative Effect ◽

Company Growth

This study aims to examine the effect of intellectual capital, growth and company performance on firm value with independent variables namely intellectual capital, company growth and company performance. This research uses a quantitative approach and the sample used is 32 manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2013-2017 period which were obtained through a purposive sampling method. The analytical technique used is multiple linear regression. The results of the study show that the variable intellectual capital and company performance have a significant positive effect on the value of the company in manufacturing companies, this indicates that these two variables can be made by investors as a measure of investment in the company. Instead the growth variable of the company shows a non-significant negative effect on the value of the company, it can be interpreted that the growth of the company is not a consideration of investors to invest in the company. Keywords: Company Performance; Intellectual Capital; Company Value; Company Growth.

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PENGARUH STRUKTUR MODAL, PROFITABILITAS DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SUB SEKTOR OTOMOTIF DAN KOMPONEN YANG TERDAFTAR DI BURSA EFEK INDONESIA

FINANCIAL: JURNAL AKUNTANSI ◽

10.37403/financial.v4i2.83 ◽

2019 ◽

Vol 4 (2) ◽

pp. 70-81

Author(s):

Pipit Ayu Kurniasih ◽

Yansen Siahaan ◽

Elly Susanti ◽

Supitriyani Supitriyani

Keyword(s):

Linear Regression ◽

Capital Structure ◽

Multiple Linear Regression ◽

Firm Value ◽

Dividend Policy ◽

Stock Exchange ◽

Descriptive Analysis ◽

T Test ◽

F Test ◽

Average Value

AbstrakTujuan dari penelitian ini adalah untuk mengetahui gambaran struktur modal, profitabilitas, kebijakan dividen dan nilai perusahaan serta pengaruh struktur modal, profitabilitas dan kebijakan dividen terhadap nilai perusahaan secara simultan maupun parsial pada Perusahaan Sub Sektor Otomotif dan Komponen yang Terdaftar di Bursa Efek Indonesia. Penelitian ini dilakukan dengan metode analisis deskriptif kualitatif dan analisis deskriptif kuantitatif. Objek penelitian ini adalah Sub Sektor Otomotif dan Komponen yang terdaftar di Bursa Efek Indonesia. Pengumpulan data digunakan metode dokumentasi. Teknik analisis yang digunakan adalah regresi linier berganda, koefisien korelasi, koefisien determinasi, uji F, uji t. Analisis data dengan menggunakan bantuan program SPSS versi 21. Hasil penelitian dapat disimpulkan sebagai berikut: 1. Hasil pengujian diperoleh nilai rata-rata struktur modal dan profitabilitas mengalami fluktuasi dan cenderung menurunan. 2. Nilai rata-rata profitabilitas berfluktuasi dan cenderung menurun. 3. Nilai rata-rata kebijakan dividen berfluktuasi dan cenderung meningkat. 4. Nilai rata-rata nilai perusahaan pada berfluktuasi dan cenderung stabil. 5. Hasil regresi linier berganda diperoleh struktur modal berpengaruh negatif sedangkan profitabilitas dan kebijakan dividen berpengaruh positif terhadap nilai perusahaan. 6. Hasil pengujian koefisien korelasi dan determinasi terdapat korelasi yang sangat kuat antara nilai perusahaan dengan struktur modal, profitabilitas dan kebijakan dividen dan sisanya dipengaruhi oleh faktor lainnya. 7. Berdasarkan uji F, struktur modal, profitabilitas dan kebijakan dividen berpengaruh signifikan terhadap nilai perusahaan. Hasil uji t, struktur modal berpengaruh tidak signifikan sedangkan profitabilitas dan kebijakan dividen berpengaruh signifikan terhadap nilai perusahaan.Hasil penelitian menyarankan perusahaan sebaiknya meningkatkan penggunaan struktur modal yang optimal serta meningkatkan penjualan agar memperoleh laba yang maksimal serta dapat membagikan dividen yang cukup tinggi kepada para investor dan harga saham dapat meningkat.Kata Kunci: Struktur Modal, Profitabilitas, Kebijakan Dividen dan Nilai perusahaan AbstractThe purpose of this study are to know the description of capital structure, profitability, dividend policy and firm value and to determine the effect of capital structure, profitability, dividend policy on the value of the company in Sub Sector automotive and components listed on the Indonesia Stock Exchange either simultaneously or partially.This research was conducted by qualitative descriptive analysis method and quantitative descriptive analysis. The object of this study is the automotive and components Sub Sector listed on the stock exchange Indonesia. Data collection used documentation method. Analytical techniques used are multiple linear regression, correlation coefficient, coefficient of determination, F test, t test. Data analysis using SPSS version 21.The result of the research can be summarized as follows: 1. The test results obtained the average value of capital structure fluctuate and tend to decrease. 2. The average value of profitability fluctuates and tends to decrease. 3. The average value of dividend policy fluctuates and tends to increase. 4. The average value of the company's value fluctuates and tends to be stable. 5. The results of multiple linear regression obtained the capital structure have a negative effect while profitability and dividend policy have a positive effect on firm value. 6. The results of testing the correlation and determination coefficients have a very strong correlation between firm value and capital structure, profitability and dividend policy and the rest is influenced by other factors. 7. Based on the F test, capital structure, profitability and dividend policy have a significant effect on company value. The results of the t test, the capital structure has no significant effect while profitability and dividend policy have a significant effect on the value of the companyThe results of the research suggest that companies should increase the optimal use of capital structure and increase sales in order to obtain maximum profits and can distribute dividends that are quite high to investors and stock prices can increase.Keywords: Capital Structure, Profitability, Dividend Policy and FirmValue

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Risiko Bisnis, Profitabilitas, dan Struktur Aktiva Sebagai Penentu Struktur Modal Perusahaan Makanan dan Minuman

E-Jurnal Akuntansi ◽

10.24843/eja.2021.v31.i11.p06 ◽

2021 ◽

Vol 31 (11) ◽

pp. 2748

Author(s):

Ni Wayan Meitriyani ◽

Ni Gusti Putu Wirawati

Keyword(s):

Capital Structure ◽

Stock Exchange ◽

Significant Positive Effect ◽

Manufacturing Companies ◽

Business Risk ◽

Analysis Technique ◽

Food And Beverage ◽

Negative Effect ◽

Positive Effect ◽

The Capital Structure

The purpose of this study was to determine the effect of business risk, profitability, and asset structure on capital structure. This study takes samples from manufacturing companies listed on the Indonesia Stock Exchange for the 2015-2019 period. The sample used is purposive sampling. The analysis technique used is multiple linear regression. The results of business risk research have a significant positive effect on the capital structure of Food and Beverage Companies Listed on the IDX in 2015-2019 while profitability has a significant negative effect on the capital structure of Food and Beverage Companies Listed on the IDX, and asset structure has a significant positive effect on the capital structure in Food and Beverage Companies Listed on the Indonesia Stock Exchange in 2015-2019. Keywords : Food and Beverage; Business Risk; Profitability; Asset Structure.

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