Pengaruh Struktur Modal dan Profitabilitas terhadap Nilai Perusahaan dengan Kepemilikan Manajerial sebagai Variabel Moderasi

Kusumawati, Rita; Rosady, Irham

doi:10.18196/mb.9259

Cited by 47 publications

(84 citation statements)

References 6 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…This result contradictory by research by Suryana and Rahayu (2018) and Kadafi (2020) who found that profitability had a negative effect on firm value. But this result in line with research conducted by Lubis et al (2017), Sukmawardini and Ardiansari (2018) and Kusumawati and Rosady (2018) who found that profitability has a positive effect on firm value. So, H4 is acceptable.…”

Section: The Effect Of Return On Equity On Pegsupporting

confidence: 91%

“…When the ROE owned by the company is not able to make a profit, even tends to lose money, the firm value will also decrease. This result contradicts the research Lubis et al (2017), Sukmawardini and Ardiansari (2018), Kusumawati and Rosady (2018) who found that profitability has a positive effect on firm value. However, these results are in line with research Suryana and Rahayu (2018) and Kadafi (2020) who found that profitability had a negative effect on firm value.…”

Section: The Effect Of Roe On Peg Through Percontrasting

confidence: 79%

“…In contrast, high profitability indicates the company's prospects and will be a positive signal for investors to invest. Research by Lubis et al (2017), Sukmawardini and Ardiansari (2018), as well Kusumawati and Rosady (2018) found that profitability has a significant positive effect on firm value. In contrast, research by Suryana and Rahayu (2018) and Kadafi (2020) shows the results contradictory with showing that profitability has a negative effect on firm value.…”

mentioning

confidence: 95%

See 2 more Smart Citations

Firm Value: Price Earning Growth Determination in Agricultural Sector Companies

Jamaludin

Purwanto

Ermawati

2021

JAM

View full text Add to dashboard Cite

This study analyzes firm value with several variables that determine the high and low firm value. The ratios used in measuring firm value are price earnings growth (PEG) and price-earnings ratio (PER). In addition, in this study, PER served as a mediating variable and a comparison PEG in describing a true firm value. The samples obtained were 17 agricultural sector companies listed on the IDX for five years of observation from 2015 to 2019. The analytical methods used were RMSE, panel data regression, and path analysis. This research found that PEG is better at describing a firm’s true value than PER. In addition, this study also found that the variable current ratio and debt to total capitalization ratio do not affect PEG. Meanwhile, the variable return on equity affects PEG. Next, the variable current ratio, debt to total capitalization ratio, and return on equity affect PEG after being mediated through PER. The return on equity is the determining variable in influencing the high and low PEG values. Further PEG research can be carried out on companies with high-risk characteristics such as banking, mining, property, real estate, construction, and buildings.

show abstract

Section: The Effect Of Return On Equity On Pegsupporting

confidence: 91%

Section: The Effect Of Roe On Peg Through Percontrasting

confidence: 79%

mentioning

confidence: 95%

See 1 more Smart Citation

Firm Value: Price Earning Growth Determination in Agricultural Sector Companies

Jamaludin

Purwanto

Ermawati

2021

JAM

View full text Add to dashboard Cite

show abstract

“…The increase in return on assets will attract more investors. Return on the asset significantly affects the firm value [13], [25] [31] and [32].The proposed hypotheses in on the following:…”

Section: The Return On Assets and The Firm Valuementioning

confidence: 99%

“…The use of managerial ownership as a moderation variable also gives different results which managerial does not have any effect on the value of the company [24], while other study found managerial ownership affects the relationship between debt to equity ratio and firm value with the price to book value (PBV) [25]. Dewi and Tarnia (2011), in their study, used Tobin's Q as a measurement of firm value.…”

Section: Introductionmentioning

confidence: 98%

Managerial Ownership, Financial Performance and Firm Value: Evidence from Consumers Goods Company Listed in Indonesia Stock Exchange

Harnida

Zulfikar

Mardah

et al. 2021

International Journal of Science, Technology & Management

View full text Add to dashboard Cite

The research about the impact of financial performance on firm value has become great attention to financial issues in various researches. Financial performance provides information needed by investors. Firm value is used to reflect the real value of the company more realistically by considering the concept of market value. The investors need the actual value of the firm to be a factor to consider for them to invest. This research is aimed at examining the impact of the financial performance of profitability, liquidity, leverage, and activity ratio. We also examine if there were managerial ownership effects the relationship among those financial performances on the firm value using the proxy of Tobin's Q. The sample used is the Consumers Goods Companies which listed in the Indonesia Stock Exchange for the period from 2015 to 2019. We used purposive sampling for obtaining 70 observations. We analyzed data using multiple linier regression, and moderated- regression analysis. The study indicates that profitability and leverage statistically affect the firm value. But, the liquidity and activity ratio with the proxy of total asset turnover has no significant impact on firm value. Other result were the moderation has significant effect of managerial ownership strengthens the relationship of debt to equity ratio and total assets turnover.

show abstract

Determining the Factors Can Influence the Firm Value: To Create Good Corporate Governance

Rosia,

Wafa,

Novita

et al. 2023

E3S Web Conf.

View full text Add to dashboard Cite

This study aims to analyze the influence of earnings management, capital structure, and accounting conservatism with managerial ownership as a moderating variable. Earnings management is measured using the modified Jones model, the capital structure is proxied by the Dept to Equity Ratio (DER), accounting conservatism is calculated by the difference between the company's net profit and operating cash flow divided by total assets. Company value is proxied by the Tobin's ratio, and managerial ownership is calculated by the total management shareholding divided by the number of outstanding shares. This research is a quantitative study with a population of 159 companies and the number of samples used is 90 samples from 30 company data obtained through purposive sampling method. Methods of data analysis using panel data regression techniques with Eviews software version 8. The result is that earnings management, capital structure, and accounting conservatism have no effect on firm value. Managerial ownership is not able to moderate the effect of earnings management, capital structure, and accounting conservatism on firm value

show abstract

Pengaruh Struktur Modal dan Profitabilitas terhadap Nilai Perusahaan dengan Kepemilikan Manajerial sebagai Variabel Moderasi

Cited by 47 publications

References 6 publications

Firm Value: Price Earning Growth Determination in Agricultural Sector Companies

Firm Value: Price Earning Growth Determination in Agricultural Sector Companies

Managerial Ownership, Financial Performance and Firm Value: Evidence from Consumers Goods Company Listed in Indonesia Stock Exchange

Determining the Factors Can Influence the Firm Value: To Create Good Corporate Governance

Contact Info

Product

Resources

About