Developing a framework for designing a capital structure and its impact on value of firm - A conceptual discussion

2021 ◽  
Vol 26 (2) ◽  
pp. 51-57
Author(s):  
Madhu Ruhil ◽  
Vikas Madhukar
Keyword(s):  
Capital Structure ◽  
Value Of Firm ◽  
Conceptual Discussion

scholarly journals Effect of Growth Opportunity, Corporate Tax, and Profitability toward Value of Firm through Capital Structure (listed Manufacturing Companies of Indonesia)

2019 ◽  
Vol 23 (5) ◽  
pp. 18-29
Author(s):  
. Amarudin ◽  
M. Adam ◽  
U. Hamdan ◽  
A. Hanafi
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Manufacturing Sector ◽  
Manufacturing Companies ◽  
Corporate Tax ◽  
Growth Opportunity ◽  
Study Results ◽  
Value Of Firm ◽  
Positive Effect

The study aims to determine the Effect of growth opportunity, corporate tax, and profitability on the value of firm through the capital structure as an intervening variable at manufacturing companies in Indonesia Stock Exchange. The sample consists of 32 manufacturing sector companies listed in Indonesia Stock Exchange within 2013–2017. The study results show that growth opportunity and corporate tax have a positive effect on the structure of capital, in contrast to profitability, which affects negatively. Meanwhile, capital structure and profitability have a positive Effect on firm value. On the other hand, growth opportunity and corporate tax have no bearing on company value. Yet, capital structure does not mediate between growth opportunity and corporate tax to the value of firm. Nevertheless capital structure mediates the Effect of profitability on the value of firm.

scholarly journals Informative value of firm capital structure

2003 ◽  
Vol 12 (3) ◽  
pp. 233-248 ◽  
Author(s):  
Patrik Bauer ◽  
Vít Bubák
Keyword(s):  
Capital Structure ◽  
Value Of Firm

Cost of Capital, Optimal Capital Structure, and Value of Firm: An Empirical Study of Indian Companies

1996 ◽  
Vol 21 (3) ◽  
pp. 29-36 ◽  
Author(s):  
Raj S Dhankar ◽  
Ajit S Boora
Keyword(s):  
Empirical Study ◽  
Capital Structure ◽  
Capital Markets ◽  
Cost Of Capital ◽  
The West ◽  
Optimal Capital Structure ◽  
Financing Decisions ◽  
Value Of Firm ◽  
Imperfect Capital Markets ◽  
Optimal Capital

Academicians and practitioners alike have found it difficult to resolve the issue of optimal capital structure in the perfect capital markets of the West as well as in the imperfect capital markets, as in India. This paper examines whether there exists an optimal capital structure in Indian companies, both at the micro and the macro level and whether financing decisions affect the value of a firm.

Analysis of Factors Affecting Capital Structure in Food and Beverage Manufacturing Company

2018 ◽  
Vol 1 (2) ◽  
pp. 1-14
Author(s):  
Nur Hajja Aini ◽  
St Habibah
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Significant Influence ◽  
Fixed Effects ◽  
Random Effect Model ◽  
Manufacturing Companies ◽  
Business Risk ◽  
Growth Opportunities ◽  
Food And Beverage ◽  
The Capital Structure

The purpose of this research to analyze the influence of firm size, liquidity, growth opportunities, tangibility asset, and business risk to the capital structure of listed food and beverage manufacturing companies in Indonesia and Vietnam Stock Exchange from 2010 to 2016. The result shows that the fixed effects model should be appropriate for this study as compared to the random effect model. Capital structure significantly differences between the two countries. Firm size has a positive but insignificant influence on the capital structure in Indonesia, whereas it has a positive and a significant influence on the capital structure in Vietnam. Liquidity has a negative and significant influence on the capital structure both in Indonesia and Vietnam. Growth opportunities have a negative but insignificant influence on the capital structure both in Indonesia and Vietnam. Asset tangibility has a positive but insignificant influence on the capital structure in Indonesia, but it has the negative but insignificant influence on the capital structure in Vietnam. Ultimately, the business risk has a negative and significant influence on the capital structure in Indonesia but has a positive and insignificant influence on the capital structure in Vietnam.

Sign in / Sign up

Export Citation Format

Share Document