The Influence of Capital Structure to the Firm Value with Profitability
                        As Intervening Variables

Rizki, Aisyah Indah; Lubis, Ade Fatma; Sadalia, Isfenti

doi:10.18502/kss.v3i10.3375

Cited by 12 publications

(20 citation statements)

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“…Changes in capital structure will be beneficial for shareholders if the firm value increases. Research conducted by Winarto (2015); Hasbi (2015); Zeb & Rashid (2016); Asif & Bilal (2016); and Rizki et al, (2018), the results showed that the capital structure has a positive effect on firm value. Based on these explanations, the hypothesis proposed is as follows: H3: Capital Structure has a positive effect on firm value.…”

Section: The Effect Of Capital Structure On Firm Valuementioning

confidence: 96%

Capital structure as a mediation variable: Profitability and liquidity on company value in real estate companies in Indonesia stock exchange

Putra

Sedana

2019

irjmis

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The purpose of this study is to determine the effect of variable profitability, liquidity, and capital structure on the firm value in real estate companies listed on the Indonesia Stock Exchange (IDX). The population of this study is a real estate company listed on the Indonesia Stock Exchange (IDX) for the period 2013-2017. The method of determining the sample in this study used a purposive sampling method, with several predetermined criteria, then the number of selected samples was 26 companies. Data collection is done using the method of non-participant observation. The data analysis technique used is path analysis which is an extension of the multiple linear regression analysis techniques. Based on the results of the analysis of the study shows that the variables of profitability, liquidity, and capital structure have a positive and significant effect on firm value. The results of the Sobel test also show that the capital structure variable is able to mediate the relationship between profitability and liquidity towards firm value.

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Section: The Effect Of Capital Structure On Firm Valuementioning

confidence: 96%

Capital structure as a mediation variable: Profitability and liquidity on company value in real estate companies in Indonesia stock exchange

Putra

Sedana

2019

irjmis

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“…Penelitian Hamidy, et al (2015), Al-fisah (2016), Kristianti (2018) Teori struktur modal (structural capital theory) menjelaskan bahwa struktur modal dapat mempengaruhi nilai perusahaan, dengan kombinasi keputusan pendanaan yang terdiri dari rasio antara utang dan ekuitas yang bertujuan untuk memaksimalkan nilai perusahaan. Struktur modal akan dapat meningkatkan nilai perusahaan, apabila struktur modal tersebut berada pada titik optimal-tercapainya keseimbangan antara tingkat risiko dan pengembalian, yang nantinya akan berpengaruh terhadap peningkatan harga saham perusahaan (Rizki, et al 2018). Penelitian yang dilakukan oleh Hamidy, et al (2015) Teori stakeholder (stakeholder theory) menyatakan bahwa investor memiliki keterlibatan dalam kinerja manajemen perusahaan untuk memaksimalkan keuntungan stakeholder.…”

Section: Gambar 1 Model Peneltianunclassified

“…Selaras dengan teori struktur modal yang menyatakan kombinasi optimal antara utang dan ekuitas yang dimiliki perusahaan akan mendorong peningkatan nilai perusahaan. Penelitian Hamidy, et al (2015), Al-fisah (2016), Nadillah, et al (2017; Rizki et al (2018) dan Sutriningsih, et al (2019, berhasil membuktikan bahwa keberadaan ROE yang memediasi hubungan antara struktur modal dengan nilai perusahaan menunjukkan hasil yang lebih tinggi daripada pengaruh langsung struktur modal pada nilai perusahaan tanpa mediasi kinerja keuangan (ROE). Berdasarkan pada hasil tersebut, maka dapat ditarik hipotesis penelitian yaitu sebagai berikut.…”

Section: Gambar 1 Model Peneltianunclassified

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Kinerja Keuangan Memediasi Pengaruh Modal Intelektual dan Struktur Modal pada Nilai Perusahaan di Masa Pandemi Covid-19

Meliani

Ariyanto

2021

E-Jurnal Akuntansi

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This study examines the effect of intellectual capital and capital structure on firm value with financial performance as a mediating variable. The sample was selected by purposive sampling technique. Data were analyzed using path analysis. The results of the analysis show that intellectual capital has no effect on financial performance, but has a positive effect on firm value. Capital structure has a positive effect on financial performance, but has no effect on firm value. Financial performance has a negative effect on firm value. The relationship between capital structure and firm value is successfully mediated by financial performance, however, financial performance does not mediate the relationship between intellectual capital and firm value. This research has implications for those who need information about company value in pharmaceutical sub-sector companies by considering the factors that influence it, especially during the Covid 19 pandemic. Keywords: Intellectual Capital; Capital Structure; Firm Value; Financial Performance.

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“…Research related to capital structure was carried out by Chen and Chen (2011), Manurung et al 2014, andRizki et al (2018), who found that capital structure (DER) has a negative effect on the firm value (PBV). However, the results of research from Charumathi and Khrisnan (2016), found a positive effect.…”

Section: Introductionmentioning

confidence: 99%

The Relationship Between Profitability and Firm Value: Evidence From Manufacturing Industry in Indonesia

Sudiyatno

Puspitasari²,

Nurhayati³

et al. 2021

IJFR

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This study aims to test whether profitability acts as a moderating variable that is able to moderate the influence of the company growth and capital structure on the firm value. The independent variables used in this study are company growth and capital structure, while profitability is the moderating variable.The research sample was taken from manufacturing industrial companies listed on the Indonesia Stock Exchange (IDX) during the period 2016 - 2018. The study used panel data which is a combination of cross section and time series data, with data analysis using multiple regression.The results showed that company growth and profitability had a positive effect on the firm value, while capital structure had does not effect. The results of the analysis show that profitability does not moderate the effect of company growth and capital structure on the firm value, the interaction of company growth and capital structure with profitability has a negative impact on the firm value.

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The Influence of Capital Structure to the Firm Value with Profitability As Intervening Variables

Abstract: .

Cited by 12 publications

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Capital structure as a mediation variable: Profitability and liquidity on company value in real estate companies in Indonesia stock exchange

Capital structure as a mediation variable: Profitability and liquidity on company value in real estate companies in Indonesia stock exchange

Kinerja Keuangan Memediasi Pengaruh Modal Intelektual dan Struktur Modal pada Nilai Perusahaan di Masa Pandemi Covid-19

The Relationship Between Profitability and Firm Value: Evidence From Manufacturing Industry in Indonesia

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