Firm Value Performance: Profitability Perspective and Capital Structure at State-Owned Bank

Sukendri, Kendri Nengah; Aryawati, Ni Putu Ari

doi:10.29303/jaa.v6i1.110

Cited by 2 publications

(2 citation statements)

References 1 publication

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“…As for primary data by grouping data. The third stage of processing secondary data using SPSS -Multiple Linear Regression refers to the opinion (Sukendri and Aryawati, 2021). Primary data is carried out through the stages of description, reduction, display, and conclusion drawing referring to the opinion (Masidonda et al, 2022).…”

Section: Methodsmentioning

confidence: 99%

Revealing the Capital Structure Factor Is Dominated by Debt to Lq45 Companies on the Indonesia Stock Exchange

Masidonda,

Hariyati,

Hariyanti

2023

JAM

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Capital structure has an important role that must be determined to improve the welfare of the owner or the value of the company. Many studies have been done before about capital structure. This study aims to analyze the effect of Chief Executive Officer (CEO) ability, return on investment, return on equity and profit margin on capital structure. This study includes a database outside of accounting data, namely CEO Ability. This is important to study to determine the ability of the CEO in providing internal sources of funds in the capital structure of LQ45 companies on the Jakarta Stock Exchange which are more dominated by debt. The method used is a mixed method between quantitative methods and qualitative methods. The quantitative method uses multiple linear regression analysis. While qualitative methods are used to analyze the influence based on the results of interviews. The object of research was conducted on 45 companies included in the LQ45 stock list on the Indonesia Stock Exchange with a sample of 31 companies. The reasons for selecting 31 samples: a) the company has been listed on the IDX during the 2017-2021 research period, b) has financial statements with non-negative retained earnings and equity. The results showed that CEO ability, profit margin, return on investment as a factor causing capital structure is dominated by debt, while return on equity has no effect on capital structure. The implication of this research is that CEOs who are less able to increase profits to meet the availability of internal funds, the company must meet funding needs sourced from debt through good net working with fund owners.

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Section: Methodsmentioning

confidence: 99%

Revealing the Capital Structure Factor Is Dominated by Debt to Lq45 Companies on the Indonesia Stock Exchange

Masidonda,

Hariyati,

Hariyanti

2023

JAM

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“…(Halfiyyah & Suriawinata, 2019) menunjukkan bahwa Profitabilitas berpengaruh positif terhadap Nilai Perusahaan. (Nengah Sukendri & Aryawati, 2021) dengan hasil analisis menemukan bahwa Profitabilitas memiliki pengaruh yang signifikan terhadap Nilai Perusahaan (Michael, 2019) dengan hasil penelitian ini menunjukkan bahwa secara parsial berpengaruh positif dan signifikan terhadap Nilai Perusahaan (PBV) adalah Profitabilitas (ROA). (Alfianita & Santosa, 2019) dengan hasil penelitian menunjukkan bahwa Profitabilitas berpengaruh positif terhadap Nilai Perusahaan.…”

Section: Pengaruh Profitabilitas Terhadap Nilai Perusahaanunclassified

Pengaruh Likuiditas, Struktur Aktiva, Struktur Modal Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Intervening Pada Consumer Non-Cyclical yang Terdaftar di Bursa Efek Indonesia

Nur Siti Latipah,

Hwihanus,

Nekky Rahmiyati

2023

jtear

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This study aims to determine the effect of liquidity, asset structure, and capital structure on firm value with profitability as an intervening variable for non-cyclical consumers listed on the Indonesia Stock Exchange. The data collection technique used is the documentation of the annual report of the Personal Care Products company, which is listed on the Indonesia Stock Exchange (IDX), with five samples selected through purposive sampling. The collected data were analyzed using Partial Least Squares (PLS) analysis. The results showed that liquidity had no significant effect on profitability (0.799 > 0.05). However, liquidity significantly affects firm value (0.023 <0.05). Asset structure has a significant effect on profitability (0.049 <0.05, but asset structure has no significant effect on firm value (0.433 > 0.05). Capital structure has a significant effect on profitability (0.000 <0.05), but capital structure has no significant effect on firm value (0.086 > 0.05). Profitability has a significant effect on firm value (0.001 < 0.05). Profitability has an effect as an intervening variable on the effect of liquidity on firm value (0.226 > 1.96) and the effect of capital structure on firm value (1.971 > 1.96), but profitability has no effect as a variable intervening on the effect of asset structure on firm value (1.747 < 1.96).

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Firm Value Performance: Profitability Perspective and Capital Structure at State-Owned Bank

Cited by 2 publications

References 1 publication

Revealing the Capital Structure Factor Is Dominated by Debt to Lq45 Companies on the Indonesia Stock Exchange

Revealing the Capital Structure Factor Is Dominated by Debt to Lq45 Companies on the Indonesia Stock Exchange

Pengaruh Likuiditas, Struktur Aktiva, Struktur Modal Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Intervening Pada Consumer Non-Cyclical yang Terdaftar di Bursa Efek Indonesia

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