Prediksi Nilai Perusahaan melalui Penilaian Struktur Modal sebagai Pemoderasi

Abstract

Tanggal masuk 10-04-2020 This research analyses the capital structures moderation to profitability that influences the company's value in infrastructure, utilities, and transportation companies listed on the Indonesia Stock Exchange in 2015-2018. The sample of this study is 14 companies. The data analyzed by using moderated regression analysis. The novelty of this study lies on the testing of capital structure ability as a moderation based on the Mogdiliani-Miller and the Trade-Off theory. We find the significance of the profitability influence on the company's value is not moderated by capital structure. It shows that the company debt exceeds its optimum amount, thus, reducing the net income.

Determinants of Financial Performance and Its Impact on Firm Value

“…This study refutes the research conducted by Aggarwal & Padhan (2017) which states that Profitability has significant negative effect on Firm Value also Nurwulandari, et al (2021) supporting evidence that it is undeniable that the greater the profit owned by the company, the more attractive investors are to invest their funds so that it will increase stock prices and continue to increase the value of the company. This study supports the research conducted by Mulyani, et al (2017), Tahu & Susilo (2017), Zuhroh (2019), Markonah, et al (2020), Puspaningtyas, et al (2020), Sari &Sendana (2020), andJihadi et al (2021) which states that Profitability has a significant positive effect on Firm…”

“…Not infrequently, investors who invest large amounts of funds are investors based on family relationships. This study supports the research conducted byMulyani, et al (2017) andPuspaningtyas, et al (2020) states that Leverage has no significant effect on Firm Value.The results of the study show that Risk has no significant on Firm ValueThis study refutes the research conducted byBandanuji & Khoiruddin (2020) which states that Risk has significant negative effect on Firm Value. This is due to the various values of tax payments paid by companies.…”

pengaruh kepuasan dan kepercayaan green product pertamax ron 92 terhadap keputusan pembeliandi pertashop olak kemang

“…5 Defenisi operasional ialah suatu definisi yang didasarkan pada karakteristik yang dapat diobservasi dari apa yang sedang didefinisikan atau menenrjemahkan sebuah konsep variabel ke dalam instrument pengukuran. 6 Dalam penelitian ini, variabel dependen nya adalah keputusan pembelian di pertashop olak kemang. Sedangkan variabel independen merupakan variabel yang mempengaruhi atau menjadi sebab perubahannya atau timbulnya variabel dependen.…”