Analisis Faktor-Faktor Struktur Modal dan Nilai Perusahaan

Abstract

Regression test results show only profitability affects the capital structure, while liquidity, growth, and size, do not affect. Profitability, size, and capital structure affect firm value, while liquidity and growth do not affect. Research on the capital structure and firm value was conducted in the manufacturing industry listed in IDX from 2016 to 2018. Data samples are taken using purposive random sampling and then processed with Eviews 10. Moderation test results indicate that the capital structure is a mediator of the effect of profitability on firm value, but cannot be a mediator for the influence of other variables on firm value of manufacturing industry companies listed in IDX 2016 through 2018.

The Impact of Liquidity, Profitability, and Leverage on Firm Value With Dividend Policy as Moderating Variable

“…In addition, investors see this as a negative signal, as too much idle money can lead to poor company performance and inability to manage cash efficiently and productively to increase shareholder value. The results from Tahu and Susilo [10], Aldi et al [32], Wirianata and Wijoyo [25], and Indrayani [27] is consistent with the study who discovers that liquidity has not a significant effect on firm value. Profitability is positively and significantly can impact the firm value, so the second hypothesis is accepted and confirmed.…”

The Mediating Role of Entrepreneurial Self-Efficacy in the Effects of Need for Achievement and Self-Creativity on Entrepreneurial Intention Among Women Entrepreneurs in Jakarta

“…It exhibits every woman who is involved in managing their own business can be said to be a woman entrepreneur because they start with full initiative and are prepared for the consequences of risks that may be faced in the future. [25] defines the need for achievement as a concept that refers to an individual's desire to achieve, and simultaneously choose and persist in activities that have a moderate chance of success or provide maximum opportunities to achieve personal satisfaction. This indicates that the need for achievement is a need that exists within a person that can be met when they are able to gain an achievement or can survive in difficult conditions.…”

“…The need for achievement is an individual's desire to excel in order to achieve personal satisfaction [25]. Individuals who have a high need for achievement tend to want an improvement in certain activities and engage in entrepreneurial activities because they have a strong desire to succeed [11].…”

“…This can be seen from the behavior of those who always try to do things the best, improve their performance, like challenges, don't waste time and set targets to be achieved. [25] posited that women's inner self-confidence and drive become a strong motivation to increase their competitive advantage and help them to start a business and become successful women entrepreneurs. Therefore, the need for achievement will be the motivation that drives individuals to have entrepreneurial intentions and start it.…”

The Effect of Profitability, Asset Growth and Operating Leverage on Capital Structure With Company Size as a Moderating Variable

“…In the face of this competitive environment, decisions in capital structure are very important for any business organization. Wirianata and Wijoyo (2020) state that a company has two sources of funding, namely internal and external funding. Internal funding comes from shareholders and external funding comes from creditor funds in the form of debt which will incur a capital cost equal to the interest costs charged by creditors.…”