160 results on '"FIRM SIZE"'
Search Results
2. The Effect of Firm Size, Current Ratio, and Debt to Equity Ratio on Share Price in Food and Beverage Subsector Manufacturing Companies Listed on the Indonesia Stock Exchange.
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Anwar, Khairul, Isnurhadi, Widiyanti, Marlina, and Adam, Mohamad
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BUSINESS size ,LIQUIDITY (Economics) ,CAPITAL structure ,STOCK prices ,FOOD industry ,BEVERAGE industry ,PROFITABILITY - Abstract
The purpose of this study is to understand how company size, liquidity, and capital structure can affect stock prices in the food and beverage industry in Indonesia, and to provide practical guidance for stakeholders in making financial and investment decisions. This research method uses a sample of 18 manufacturing companies in the food and beverage subsector on the IDX in the 2019-2022 period. Sample selection is carried out by purposive sampling technique, which is a technique that considers and determines samples based on certain criteria. The purposive sampling technique was chosen to ensure that the samples taken were relevant to the research objectives. The results of this study show that the number means that the independent variable is only able to explain the bound variable of 0.299 or 29.9%. *The Stock Price variable can be explained by 29.9% by variables such as company size, debt-to-equity ratio, current ratio, and return on equity while the remaining 70.1% can be influenced by other factors that are not studied. [ABSTRACT FROM AUTHOR]
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- 2024
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3. Pengaruh Capital Structure, Likuiditas, Profitabilitas, dan Firms Size terhadap Earnings Quality.
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Mufidah, Khoirun Nisa' and Dewi, Siska
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The purpose of this study is to prove how the effect of capital structure, liquidity, profitability and company size on earnings quality. This study uses an analytical method, namely multiple linear regression with a quantitative approach. The samples in this study were 14 property and real estate sector companies listed on the Indonesia Stock Exchange for the 2019-2022 period from a total population of 56 companies. The results of this study prove that capital structure and profitability partially have a significant negative effect on earnings quality, liquidity partially has no effect on earnings quality, company size partially has a significant positive effect on earnings quality. Capital structure, liquidity, profitability and company size simultaneously affect earnings quality. In accordance with the results of this study, investors should pay more attention to the capital structure, profitability and company size of a company because these three things can affect earnings quality. [ABSTRACT FROM AUTHOR]
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- 2024
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4. THE EFFECT OF CORPORATE SOCIAL RESPONSIBILITY & CAPITAL STRUCTURE ON COMPANY VALUE MODERATED PROFITABILITY AND FIRM SIZE.
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Jessyln, Claresta and Agung Musa Budidarma, I. Gusti
- Subjects
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CAPITAL structure , *BUSINESS size , *ENTERPRISE value , *SOCIAL influence , *CORPORATION reports - Abstract
The purpose of this study is to analyze the influence of corporate social responsibility (CSR) and capital structure on company value with profitability and firm size as moderation variables. This study uses secondary data in the form of annual reports on the nonprimary consumer, transportation, industrial, energy, health, and technology sectors listed on the Indonesia Stock Exchange in 2021-2023. The sample of companies studied is 154 companies with 462 data. The results show that the combination of independent variables, profitability as moderating variables, and the interaction of independently variable with moderation can affect the company's value by 71.79%. The significance values of CSRE, DAR, SIZE, CSR with firm size (CSRE x SIZE) and Capital Structure With Firm Size (DAR x SIZE) have values of 0.3724, 0.6024, 0,3405, 0.4334, and 0.6602 > 0.05. The combination of independently variables, profitability, and capital structures with firm sizes have values 0.1827, 0.3435, 0.4335, and 0.663, respectively. The impact of CSR on firm value is moderated by profitability, while firm size moderates the influence by capital structure. Furthermore, examining the role of different types of CRS activities or varying approaches to capital structure could provide insights into why certain strategies might succeed or fail in enhancing company value. [ABSTRACT FROM AUTHOR]
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- 2024
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5. Analysis of the Effect of Income Tax and Firm Size on Capital Structure Moderated by Sales Growth.
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Nurrahmawanto, Fauzi, Safitri, Julia, and Malau, Albert Gamot
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CAPITAL structure ,MULTIPLE regression analysis ,BUSINESS size ,INCOME tax ,COAL mining - Abstract
This study aims to examine and analyze the effect of income tax and firm size on the capital structure of coal mining companies, whether moderated or not by sales growth. A quantitative approach was used in this study by taking samples from 13 coal mining companies listed on the Indonesia Stock Exchange in 2018--2023. Multiple linear regression analysis was used with the help of the application Jeffry's Amazing Statistics Program (JASP). The research results show that the income tax has no significant effect on capital structure. In contrast, the firm size has a significant positive effect on the firm's capital structure. Moreover, the sales growth is unable to moderate the correlation between these variables on the firm's capital structure. [ABSTRACT FROM AUTHOR]
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- 2024
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6. APAKAH KEPUTUSAN PERUSAHAAN MELALUI PENGGUNAAN UKURAN PERUSHAAN DAPAT MENINGKATKAN NILAI PERUSAHAAN?
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M. Ikhsan Maulana, Syarbini Ikhsan, and Ayu Umyana
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Firm value ,Dividen Policy ,Earning Per Share ,Capital Structure ,Firm Size ,Accounting. Bookkeeping ,HF5601-5689 - Abstract
This quantitative research aims to determine the effect of capital structure, earnings per share (EPS), and dividend policy on firm value and whether company size can moderate these effects. The data used is secondary data in the form of annual reports of palm oil companies listed on the IDX for the period 2019-2022, the sample was selected using purposive sampling method. The analytical tool used is EViews 10 to test the hypothesis, while Microsoft Excel is used for collecting and visualizing the results. The results of hypothesis testing show that EPS has a significant and negative effect on firm value, where EPS signals are perceived negatively by investors due to high corporate Debt, increasing the risk of bankruptcy. This result is relevant to the economic conditions during the pandemic, where companies tend to go into Debt to finance their companies. In addition, dividend policy and capital structure variables do not affect firm value, and firm size is unable to fulfill its role as a moderating variable. This research is based on differences in the results of previous studies as well as differences in samples and economic conditions in the research period, thus becoming the basis for novelty from previous studies.
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- 2024
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7. The Influence of Capital Structure and Firm Size on Financial Performance : Case Study of Sector Insurance Registered on Indonesia Stock Exchange (BEI) in 2017–2021
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Setyowati, Riska, Lestari, Wuryaningsih Dwi, Appolloni, Andrea, Series Editor, Caracciolo, Francesco, Series Editor, Ding, Zhuoqi, Series Editor, Gogas, Periklis, Series Editor, Huang, Gordon, Series Editor, Nartea, Gilbert, Series Editor, Ngo, Thanh, Series Editor, Striełkowski, Wadim, Series Editor, Maulana, Huda, editor, Sholahuddin, Muhammad, editor, Anas, Muhammad, editor, and Zulfikar, Zulfikar, editor
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- 2024
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8. Financial ratio and firm value: the role of firm size
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Anggi Trisnawati, Ismatul Ummah, and Nurhana Dhea Parlina
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capital structure ,liquidity ,profitability ,firm value ,firm size ,Business ,HF5001-6182 - Abstract
This study aims to ascertain the impact of capital structure, liquidity, and profitability on firm value, with firm size serving as a moderating variable. The study population is comprised of healthcare companies that are listed on the Indonesia Stock Exchange during the period between 2020 to 2022. The research design employed in this study was that of causal research. The sampling technique employed was that of purposive sampling. This method resulted in the acquisition of 14 companies meeting the specified criteria from a total of 19 companies observed over a three-year period. The total sample size was 42 samples. The statistical analysis employed in this research is multiple linear regression, coupled with moderated regression analysis (MRA). The results show that profitability affects firm value, while capital structure and liquidity have no effect on firm value. Firm size also cannot moderate capital structure, liquidity and profitability on firm value. The implication is that companies can increase their value by focusing on increasing profitability. This can be achieved through good financial management, efficient cash flow management, and maintaining healthy debt levels.
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- 2024
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9. Hacking Profits in Real Estate: The Influence of Capital Structure, Liquidity, and External Factors
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Faizul Mubarok, Farhan Putra Pramudya, and Muhammad Ziyad Izzuddin
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profitability ,capital structure ,liquidity ,firm value ,firm size ,inflation ,Communication. Mass media ,P87-96 ,Business ,HF5001-6182 ,Economic theory. Demography ,HB1-3840 ,Economics as a science ,HB71-74 - Abstract
This study seeks to empirically examine the influence of capital structure, liquidity, firm value, firm size, and external factors on profitability within companies operating in the property and real estate sector listed on the Indonesia Stock Exchange, utilizing sample data from 2018 to 2022. Through purposive sampling, 10 companies were selected as research subjects, employing panel data regression analysis. The findings indicate that liquidity and company size have a negative and significant impact on profitability. Conversely, inflation exerts a positive and significant influence on profitability. However, neither capital structure nor firm value significantly affect profitability. These results contribute to understanding the factors influencing the profitability of property and real estate sector companies within the Indonesian capital market context.
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- 2024
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10. Pengaruh Struktur Modal, Pertumbuhan Penjualan, dan Ukuran Perusahaan terhadap Nilai Perusahaan.
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Hidayat, Yahya Nuur and Ali, Hapzi
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ENTERPRISE value ,BUSINESS size ,CAPITAL structure ,SCIENTIFIC literature ,SALES statistics - Abstract
Copyright of Jurnal Manajemen Pendidikan dan Ilmu Sosial (JMPIS) is the property of Dinasti Publisher and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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- 2024
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11. The Effect of Profitability and Firm Size on Firm Value with Capital Structure as an Intervening Variable in Lq 45 Companies on The Indonesia Stock Exchange For The Period 2014 - 2016.
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Nurseha, Elwisam, and Digdoiseiso, Kumba
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PROFITABILITY , *BUSINESS size , *STOCK exchanges , *CAPITAL structure , *BUSINESS enterprises - Abstract
The aim of the research was to find out the profitability and firm size on value firm with capital structure as intervening variable of LQ 45 firm in Indonesia Stock Exchange. The samples consist of 26 LQ 45 firm listed in Indonesia Stock Exchange during the period of 2014-2016, the research method use structural equation meodeling (SEM) with the help of software AMOS 21.0. The result of the research indicate that profitability, firm size and capital structure have a influence positive and significant on value firm. Profitability have a influence positive and not significant on capital structure and firm size have a influence positive and significant on capital structure. Futhermore, capital structure can function as intervening variable in the effect negative and significant of firm size but it does not effect of profitability in the effect positive and not significant. [ABSTRACT FROM AUTHOR]
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- 2024
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12. Does Financial Leverage Impact the Financial Performance of Pharmaceutical Companies in Bangladesh?
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Sifullah, H. M., Shelly, Parvin Akater, Uddin, Mohammad Nazim, Tabassum, Tanbina, and Uddin, Md Ahsan
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FINANCIAL leverage ,FINANCIAL performance ,PHARMACEUTICAL industry ,FINANCIAL ratios - Abstract
Purpose: This study aims to examine the impact of determinants of leverage on the financial performance of pharmaceutical companies in Bangladesh. Design/Methods/Approach: This study covers a data-set of 24 companies, which are chosen based on their availability of data. The study sets 13 variables consisted of 3120 observations for the period of 10 years, which are processed using financial ratios and followed by previous literature. After that we used the panel regression model to analyze the data to serve the study purpose. Findings/Results: The study after analysis finds that the debt-equity ratio had a significant impact on the financial performance of pharmaceutical companies as measured by EPS, which is adopted by packing order theory. Additionally, the long-term debt ratio showed a significant impact on the profitability of the same companies. Besides the given findings, firm size had been a significant issue to lead the financial performance of pharmaceutical companies in Bangladesh. Practical Implications: The findings of the study are more useful to the professional practices of financial managers, policy makers, decision-support, and industrial initiators, who are endeavors to develop the industry. Originality/Value: The study initially bears an innovative value to adopt financial strategy to explore a competitive advantage in the era of global competition. [ABSTRACT FROM AUTHOR]
- Published
- 2024
13. Determinants of Firm Value in Food & Beverage Companies Listed on the IDX in 2019-2022.
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Riasi, Fatikhah Fitir, Purwidianti, Wida, Handayani, Erna, and Endratno, Hermin
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ENTERPRISE value ,BUSINESS size ,CAPITAL structure ,QUANTITATIVE research ,PANEL analysis - Abstract
This research aims to determine the influence of Profitability, Capital structure, GCG, Firm size, and Firm Age on Firm Value. This research uses quantitative methods with secondary data types, the population are 26 food & beverage companies registered on the IDX in 2019-2022, and a sample size of 83 companies was obtained from purposive sampling techniques with unbalanced panel data. The data processing results using SPSS Statistics 26 show that profitability positively and significantly affects Firm value. Capital Structure, GCG, Firm Size, and Firm Age have no impact on Firm Value. [ABSTRACT FROM AUTHOR]
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- 2024
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14. Profitability As a Moderator: Assessing The Influence of Capital Structure, Investment Decision, And Firm Size On Firm Value.
- Author
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Yuswandani, Arafah Esa, Tubastuvi, Naelati, Fitriati, Azmi, Darmawan, Akhmad, and Jaroenwanit, Pensri
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ENTERPRISE value ,BUSINESS size ,CAPITAL structure ,RANDOM effects model ,FIXED effects model - Abstract
The purpose of this study is to determine whether capital structure, investment decisions, and firm size have an impact on firm value by examining profitability as a moderating factor. A quantitative methodology is used in this study. The population used in this study are companies listed on the Indonesia Stock Exchange through the website www.idx. co.id Jakarta Islamic Index 70 company in the 2019-2022 period. This study uses panel data regression model analysis. Within this research, STATA 17 version was used, also Breusch and Pagan Lagrangian is used to test the ordinary least square model versus random effect model regression. Meanwhile, Chow test is used to test ordinary least square model regression versus fixed effect model and Hausman test is used to find the most suitable panel data regression model between fixed effect model and random effect model. The results of this study indicate that capital structure affects firm value, investment decisions and firm size have no effect on firm value, profitability is able to moderate the effect of capital structure and investment decisions on firm value, while profitability is unable to moderate firm size on firm value. [ABSTRACT FROM AUTHOR]
- Published
- 2024
15. ANALISIS PENGARUH LIKUIDITAS, UKURAN PERUSAHAAN, STRUKTUR MODAL DAN PERTUMBUHAN PENJUALAN TERHADAP KINERJA KEUANGAN PERUSAHAAN.
- Author
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Farida, Annisa Nur
- Abstract
This research aimed to examine the effect of Liquidity, Firm Size, Capital Structure and Sales Growth on Financial Performance. The focus of this research is separated into Financial Perofrmance as Dependent Variable, whilst Liquidity, Firm Size, Capital Structure and Sales Growth as Independent Variable. This research methodology includes data analysis obtained from registered company in LQ-45 Bursa Efek Indonesia (BEI) for period 2016 to 2020 with total sample 22 nonfinancial company. The company data sample are analyzed by Multiple Linear Regression Analysis Technique using SPSS version 27 software. The result showed that Liquidity, Firm Size, Capital Structure and Sales Growth simultaneously have a positive impact on Financial Performance. Partially Liquidity and Sales have a positive impact on Firm Size, whilst Firm Size and Capital Structure do not affect on Financial Performance. This research underlines the relevance of attention to all aspect of financial report, not only on sales increase but, also liquidity ratio and capital structure. From an investment perspective, investor should consider the Liquidity, Firm Size, Capital Structure and Sales Growth on assessing company financial performance. [ABSTRACT FROM AUTHOR]
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- 2024
16. THE INFLUENCE OF COMPANY SIZE, PROFITABILITY, AND SALES GROWTH ON CAPITAL STRUCTURE.
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Melananda, Wella and Wa Ode Irma Sari
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CAPITAL structure ,PROFITABILITY ,BUSINESS revenue ,STOCK exchanges ,CORPORATE debt financing - Abstract
This study investigates the impact of firm size, profitability, and sales growth on capital structure in the context of mining companies listed on the Indonesia Stock Exchange for the period of 2019-2022. The study aims to provide insights into the factors that influence the capital structure decisions of mining companies in Indonesia. The data used in this study is secondary data obtained from the official website of the Indonesia Stock Exchange, namely www.idx.co.id. The sample size for this research is 11 companies, selected using purposive sampling technique. The findings of the study reveal that firm size has a significant effect on capital structure, indicating that larger firms tend to have a higher level of debt in their capital structure. However, the study finds no significant relationship between profitability and sales growth with capital structure. These results suggest that mining companies in Indonesia may prioritize firm size when making capital structure decisions, while profitability and sales growth may not be significant factors in determining their capital structure. The implications of these findings are important for mining companies in Indonesia, as they provide insights into the factors that influence their capital structure decisions. By understanding the impact of firm size on capital structure, companies can make informed decisions about their debt financing and equity financing options. Additionally, the findings suggest that profitability and sales growth may not be significant factors in determining capital structure, which may help companies to focus on other factors when making capital structure decisions. [ABSTRACT FROM AUTHOR]
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- 2024
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17. UNVEILING THE EFFECT OF TESTOSTERONE THERAPY ON SEXUAL DYSFUNCTION.
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Pradipta Mahardika Wijaya, Putu Gede, Agung Thede Surya Putra, I Gusti, and Gede Sanjaya, I Putu
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SEXUAL dysfunction ,HEALTH of older people ,THERAPEUTIC use of testosterone ,HEALTH outcome assessment ,PLACEBOS - Abstract
Male sexual dysfunction, including ED, PD, and PE, is prevalent, particularly in older men. Research has suggested that hormonal factors, specifically low total testosterone levels, may contribute to these conditions. TTh has been explored as a potential treatment for male sexual dysfunction, but studies have used varying assessment methods. This meta-analysis aimed to provide a comprehensive evaluation by using a consistent assessment tool, the International Index of Erectile Function (IIEF). Methods: Randomized controlled trials (RCTs) comparing TTh with placebo in adult men with sexual dysfunction were included. The primary outcome measure was the IIEF score. Studies were selected through a systematic literature search, and 16 RCTs met the inclusion criteria. Results: 16 studies were deemed from 98 studies was identified. The effect size testosterone therapy (Tth) in overall sexual dysfuction with standardized mean difference (SMD) 1.8, 95% CI 0.31 to 3.43. Impact of testosterone therapy on erectile dysfunction with Mean Difference (MD) 3.07, 95% CI 1.68 to 4.46. P-value 0.0001) (p<0.0001). Discussion: Testosterone plays a crucial role in regulating various aspects of male health, including sexual function. TTh has demonstrated positive effects on sexual function, particularly in improving erectile function. The time course of TTh effects suggests that improvements in libido and sexual activity can occur within weeks, while substantial improvements in erectile function may take several months. Additional assessment tools, such as the PDQ-Q4 and DISF-M-II, have also shown positive outcomes with TTh. [ABSTRACT FROM AUTHOR]
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- 2024
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18. Effect of Covid-19 and Firm Fundamentals on Firm Value (Empirical Study on Mining Companies Listed on the List of Sharia Securities for the Period 2017–2021)
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Amalia, Silvani Rizki, Badina, Tenny, Ainun Najib, Mohammad, Striełkowski, Wadim, Editor-in-Chief, Black, Jessica M., Series Editor, Butterfield, Stephen A., Series Editor, Chang, Chi-Cheng, Series Editor, Cheng, Jiuqing, Series Editor, Dumanig, Francisco Perlas, Series Editor, Al-Mabuk, Radhi, Series Editor, Scheper-Hughes, Nancy, Series Editor, Urban, Mathias, Series Editor, Webb, Stephen, Series Editor, Suryanto, Tulus, editor, Sulejmani, Liza Alili, editor, Ali, Juhary, editor, Rena, Ravinder, editor, Grima, Simon, editor, and Piryu, Ramona, editor
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- 2023
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19. Capital structure, company liquidity, and company size on company value mediated by credit risk.
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Reza, Ahmad Khairul, Kufepaksi, Mahatma, and Jubaedah
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CAPITAL structure , *LIQUIDITY (Economics) , *CREDIT risk , *ENTERPRISE value , *BUSINESS size - Abstract
This article, published in the Indonesian Journal of Multidisciplinary Science, examines the relationship between capital structure, company liquidity, company size, and company value in the banking sector. The study analyzes data from 29 banking companies listed on the Indonesia Stock Exchange from 2010 to 2020. The findings indicate that capital structure positively affects company value, while liquidity and company size do not significantly impact company value. Credit risk is not found to be a mediating factor in Indonesian banking companies. The study offers valuable insights for further research in similar industries. [Extracted from the article]
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- 2023
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20. The Effect of Earning Power, Company Size, Leverage, Capital Structure, and Liquidity on Company Value with Profit Growth as a Moderating Variable in Manufacturing Companies Listed on the Indonesia Stock Exchange in 2019-2021.
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Madinah and Arifin, Atwal
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CAPITAL structure ,BUSINESS size ,LIQUIDITY (Economics) ,INVESTORS ,LISTING of securities - Abstract
Copyright of Riwayat: Educational Journal of History & Humanities is the property of Riwayat: Educational Journal of History & Humanities and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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- 2023
- Full Text
- View/download PDF
21. THE DETERMINANTS OF CAPITAL STRUCTURE: EVIDENCE FROM INDONESIA.
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Mardan, Ronny Malavia, Moeljadi, Sumiati, and Indrawati, Nur Khusniyah
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CAPITAL structure ,BUSINESS enterprises ,FINANCIAL leverage ,BUSINESS finance ,CORPORATE debt financing ,FINANCIAL risk ,STOCKBROKERS - Published
- 2023
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22. Effect of Firm Size on the Association between Capital Structure and Profitability.
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Ahmed, Amanj Mohamed, Sharif, Nabard Abdallah, Ali, Muhammad Nawzad, and Hágen, István
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This paper examines the association between capital structure and firm profitability through the moderating effect of firm size. The analysis of financing choice and firm profitability in developing countries is interesting because of the differences between the characteristics of their firms and those of companies in advanced economies. This research utilized secondary data obtained from the published annual financial statements of 156 manufacturing companies listed on the Tehran Stock Exchange (TSE) over the period 2011–2019. The given description was evaluated using a panel econometric approach, namely, the fixed-effects regression method. The results displayed that profitability is negatively affected by capital structure decisions. However, firm size is positively related to profitability. The robust findings also illustrate that the size of a firm plays a significant role in improving the influence of capital structure choice on the firm's profitability. Similar to other emerging economies, in Iran, when internal finances are inadequate, long-term debt is used as an alternative for financing. These results provide evidence to support the hypothesis of the trade-off theory, which explains the relationship between firm size, capital structure, and profitability. These findings provide significant information from a developing country, Iran, that confirms the argument of the trade-off theory and provides substantial guidance for sector management. [ABSTRACT FROM AUTHOR]
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- 2023
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23. Moderation Analysis of Company Size and Capital Structure on the Influence of Liquidity, Corporate Governance, and Business Risk on Financial Performance.
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Taristy, Dyana Novita, Haryono, Nadia Asandimitra, and Hartono, Ulil
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CAPITAL structure , *BUSINESS size , *LIQUIDITY (Economics) , *CORPORATE governance , *RISK management in business - Abstract
Financial performance is an important aspect to consider as it reflects the company's condition and the effectiveness of fund utilization towards the set targets, serving as an evaluation tool and facilitating the company in analyzing and considering factors that can influence any changes, especially in facing the massive economic changes caused by the Covid-19 pandemic. This study aims to analyze the influence of liquidity, corporate governance with institutional ownership mechanism, managerial ownership and audit committee, as well as business risk on financial performance, moderated by company size and capital structure in manufacturing sector companies listed on the Indonesia Stock Exchange (BEI) during the 2020-2021 period. The sample was determined using purposive sampling method, and a total of 168 samples were obtained during the research period. The data analysis methods used were multiple linear regression and Moderate Regression Analysis (MRA). The results indicate that liquidity has a positive influence on financial performance, institutional ownership and managerial ownership do not have a significant influence on financial performance, the audit committee has a negative influence on financial performance, business risk has a positive influence on financial performance, and company size and capital structure cannot directly moderate the occurring influences. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
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24. Determinan Nilai Perusahaan pada Perusahaan Konsumen Primer
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Rida Anisa Permata and Ediwarman Ediwarman
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finance performance ,firm size ,capital structure ,firm value ,Business ,HF5001-6182 - Abstract
This study aims to determine whether there is an influence between financial performance (ROA) and firm size with the natural logarithm (LN) of total assets and capital structure (DER) on firm value (PBV) in primary consumer goods companies. The population of 92 companies listed on the IDX in the primary consumer goods industry sector is 2016-2020. Furthermore, in this study, there were 58 companies as a sample using the purposive sampling method. This type of research is classified into quantitative research and the application of a significance level of 5%. From the results of hypothesis testing and analysis using the Panel Data Regression Analysis technique, it was found that financial performance with return on assets stated a positive and significant effect on firm value, firm size with LN (total assets) had a negative and significant effect on firm value and capital structure. Furthermore, with debt to equity ratio has a positive and significant effect on firm value.
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- 2023
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25. DETERMINASI FIRM SIZE DAN SALES GROWTH DALAM MEMODERASI PENGARUH CAPITAL STRUCTURE TERHADAP RETURN ON ASSETS.
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Laksmiwati, Mia, Meidiyustiani, Rinny, Oktaviani, Retno Fuji, and Elizabeth
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This study aims to examine the influence of Capital Structure on Return on Assets with Firm Size and Sales Growth as moderation variables. The sample in this study is state-owned companies listed on the Indonesia Stock Exchange for the 2017-2021 period. The sampling technique used is purposive sampling with criteria. The analysis used in this study is statistical analysis using R studio Software with queries. Based on the results of data processing using multiple regression analysis, it can be seen that Capital Structure has a negative influence on Return on Assets, while Firm Size is able to act as a moderation variable for Capital Structure on Return on Assets. On the contrary, Sales Growth is unable to moderate the Capital Structure of Return on Assets. [ABSTRACT FROM AUTHOR]
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- 2023
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26. Determinants of agricultural companies’ firm value listed on the Indonesia Stock Exchange
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Valencia Valencia and Hery Haryanto
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capital structure ,corporate social responsibility ,firm age ,firm size ,firm value ,profitability ,Finance ,HG1-9999 ,Economics as a science ,HB71-74 - Abstract
Purpose — The goal of this study is to examine how firm size, corporate social responsibility, capital structure, profitability, and firm age impact the firm value of agricultural companies listed on the Indonesia Stock Exchange (IDX). Method — We employed the purposive sampling method to select a sample of 12 oil palm plantation companies listed on the Indonesia Stock Exchange (IDX) for the period between 2013 and 2021. The secondary data, comprising both quantitative and qualitative data, were collected from the websites of these sample companies. To analyze the collected sample, we utilized the panel regression analysis method by employing Stata 17 and SPSS (Statistical Product and Service Solutions) software. Result — We found that firm size had a significant and negative impact on firm value. However, corporate social responsibility, capital structure, profitability, and firm age did not show any significant impact on firm value. Contribution — This study contributes to the academic literature by examining oil palm plantation companies over a nine-year period and incorporating control variables such as profitability, firm size, and firm age.
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- 2023
27. INDONESIAN PHARMACEUTICAL COMPANIES: CAPITAL STRUCTURE, BUSINESS RISK, COMPANY VALUE AND FIRM SIZE AS A MODERATING VARIABLE ANALYSIS.
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Anisah, Murad, Moh. Ali, Asriadi, Samudra, Suryadi, and Magfirah, Dilah
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PHARMACEUTICAL industry , *CAPITAL structure , *FINANCIAL risk , *ENTERPRISE value , *BUSINESS size - Published
- 2023
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28. CAPITAL STRUCTURE, FIRM SIZE AND PROFITABILITY INFLUENCE ON COMPANY VALUE WITH MANAGERIAL OWNERSHIP AS MODERATION VARIABLES.
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Wibowo, Ikhwan Ari and Suryadari, Dwi Asih
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CAPITAL structure , *BUSINESS size , *ENTERPRISE value , *PROFITABILITY , *MANUFACTURING industries - Published
- 2023
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29. Pengaruh Struktur Modal, Ukuran Perusahaan, Intellectual Capital Terhadap Nilai Perusahaan, Dengan Kinerja Keuangan Sebagai Variabel Intervening (Studi Kasus Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Periode 2017–2019)
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Eka Dwi Agustin, Anwar Made, and Ati Retnasari
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capital structure ,firm size ,intellectual capital ,financial performance ,firm value ,Accounting. Bookkeeping ,HF5601-5689 - Abstract
The purpose of this study was to determine and examine the effect of capital structure, firm size, and intellectual capital on firm value through financial performance as an intervening variable in manufacturing companies listed on the IDX for the 2017-2019 period. Capital structure is proxied by DER, company size is proxied by total assets, intellectual capital is proxied by VAIC, firm value is proxied by Tobins'q and financial performance is proxied by ROA. This type of research is quantitative using secondary data in the form of numbers contained in financial statements. This research was conducted on 64 samples of manufacturing companies. The sampling technique used is purposive sampling method, the analysis used is path analysis. The results showed that capital structure had no effect on financial performance, firm size had a positive effect on financial performance, intellectual capital had a positive effect on financial performance, capital structure had a positive effect on firm value, firm size had no effect on firm value, intellectual capital had no effect on firm value, financial performance had a positive effect on firm value, financial performance as an intervening variable can’t mediate the effect of capital structure on firm value, financial performance as an intervening variable was able to mediate the effect of firm size on firm value, financial performance as an intervening variable was able to mediate the influence of intellectual capital on company value.
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- 2022
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30. CAPITAL STRUCTURE, PROFITABILITY, HEDGING POLICY, FIRM SIZE, AND FIRM VALUE: MEDIATION AND MODERATION ANALYSIS.
- Author
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Alghifari, Erik Syawal, Solikin, Ikin, Nugraha, Nugraha, Waspada, Ika, Sari, Maya, and Puspitawati, Lilis
- Subjects
HEDGING (Finance) ,ENTERPRISE value ,CAPITAL structure ,BUSINESS size ,PROFITABILITY - Abstract
This study aims to ascertain how the capital structure affects firm value via profitability moderated by hedging practices and firm size. Verification analysis is used in this study, with data analysis techniques through conditional process analysis. Companies from miscellaneous industrial sectors that were listed on the Indonesia Stock Exchange between 2016 and 2020 make up the research population. The study showed that: capital structure affects profitability; capital structure and profitability affect firm value; profitability does not mediate the effect of capital structure on firm value, which is moderated by hedging policies and firm size; hedging policies and firm size do not moderate the indirect effect of profitability on firm value. This conclusion is crucial for decision-makers who aim to optimize the structure to raise the business value. [ABSTRACT FROM AUTHOR]
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- 2022
- Full Text
- View/download PDF
31. CAPITAL STRUCTURE AND CREDIT RISK ASSESSMENT THROUGH Z-ALTMAN METHOD: AN ECONOMETRIC ANALYSIS OF MANUFACTURING ENTERPRISES IN THE REPUBLIC OF KOSOVO.
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MORINA, Fisnik, KOMONI, Ajshe, and SELMONAJ, Durim
- Subjects
CAPITAL structure ,CREDIT risk ,ECONOMETRICS ,SECONDARY analysis ,REGRESSION analysis - Abstract
This study aims to analyse the impact of capital structure on credit risk of 50 selected manufacturing companies in Kosovo. The research question of this study is: what is the effect of the capital structure on the credit risk assessed through the Z-Altman model in manufacturing enterprises in Kosovo, also taking into account the effect of firm size. To conduct empirical analysis, in this study, we have acquired secondary data published in the annual reports from the Kosovo's Ministry of Finance, Labour and Transfers. Furthermore, to derive empirical results, econometric models have been applied through statistical tests such as linear regression, random effect, fixed effect, Hausman Taylor Regression and Generalized Estimating Equations (GEE) and Nelson’s E – GARCH Model. In addition to econometric models, we applied other scientific research methods such as comparative methods and meta)analysis during this study. Based on the empirical results of this study, we can conclude that the capital structure has negatively affected the credit risk of selected manufacturing enterprises in Kosovo. It means increasing the credit risk of these enterprises. This study provides an overview of credit risk assessment through the Z-Altman method in 50 manufacturing enterprises in Kosovo and the effect of capital structure on credit risk in these enterprises. This research provides the necessary information for the management of those enterprises and all investors and other parties related to these companies. The study is performed with secondary data, and all empirical analyses are original and based on the authors' calculations through econometric models and other research methods over two years (2017-2018). [ABSTRACT FROM AUTHOR]
- Published
- 2022
32. THE EFFECT OF PROFITABILITY, FIRM SIZE, CAPITAL STRUCTURE AND TAX AVOIDANCE ON FIRM VALUE
- Author
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Armana I M.R. and Purbawangsa I.B.A.
- Subjects
profitability ,firm size ,capital structure ,tax avoidance ,firm value ,Agriculture (General) ,S1-972 - Abstract
The aim of this research is to analyze and determine the effect profitability, firm size, capital structure and tax avoidance on firm value. The population in this study is the infrastructure sector companies listed on the Indonesia Stock Exchange in 2016-2019 as many as 57 companies. Determination of the sample carried out in this study by using purposive sampling technique. Data were analyzed using multiple linear regression analysis techniques. The results showed that profitability, firm size, capital structure and tax avoidance has a positive and significant effect on firm value in infrastructure sector companies listed on the Indonesia Stock Exchange from 2016-2019. The theoretical implications that can be given from the findings of this study are the higher the profitability, firm size, capital structure and tax avoidance of a company, the firm value will increase and the practical implications are helping company management in increasing firm value and helping investors in determining the right investment decisions, so that it can assess the company has good prospects in the future.
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- 2021
- Full Text
- View/download PDF
33. Investigating the Relationship between CEO Power and Capital Structure: Emphasizing the Role of Firms Size
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Shokrollah Khajavi, Mehran Jahandoust Marghoub, and Soraya Weysihesar
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firm size ,principal component analysis ,capital structure ,ceo power ,Finance ,HG1-9999 - Abstract
Objective: The main purpose of this study is to investigate the relationship between CEO power and capital structure decisions with an emphasis on the moderating role of firms size in listed companies in Tehran Stock Exchange. Methods: In order to achieve the research purpose, the power of the CEO has been measured using the principal component analysis method and using the CEO task duality criteria, CEO tenure and CEO ownership percentage. Also, benchmarks such as book value leverage, market value leverage, short-term leverage and long-term leverage were used as capital structure representatives. Research hypotheses based on a statistical sample consisting of 106 companies during an 8-year period from 2011 to 2018 were tested using multivariate regression models and panel data method Results: In general, the results show that there is no significant nonlinear relationship between CEO power and book value leverage and short-term leverage. Also, there is a significant nonlinear (U inverse) relationship between CEO power and market value leverage, and there is a significant linear (positive) relationship between CEO power and long-term leverage. In addition, in large corporations, there is a significant nonlinear (U shape) relationship between CEO power and book value leverage, market value leverage and short-term leverage, and there is a significant nonlinear (U inverse) relationship between CEO power and long-term leverage. Conclusion: The results showed that the power of the CEO is one of the factors influencing the capital structure of companies. In other words, the effect of the CEO's power on the lever is complex, and it is simply incorrect to state a simple linear relationship. Also, the size of the company affects the relationship between the power of the CEO and the capital structure. Thus, in general, the results indicate that the powerful executives of large corporations do not take the same approach in their financing decisions.
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- 2021
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- View/download PDF
34. Stock return determinants in Indonesia
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Enung Nurhayati, Amir Hamzah, and Helmi Nugraha
- Subjects
capital structure ,firm size ,earnings quality ,liquidity ,return ,Finance ,HG1-9999 - Abstract
The purpose of this study is to provide empirical evidence regarding the effect of capital structure, company, size, earnings quality on stock returns with stock liquidity as an intervening variable. The method used in this study is descriptive and verification methods. This study uses 17 listed firms in Indonesia Stock Exchange as the sample specifically for the textile and garment industry over the period of 2014 to 2018 and analyzed by path analysis. The results show that capital structure, firm size, and earnings quality have significant and positive effects directly on stock returns and indirectly through stock liquidity. These findings imply that capital structure, firm size, earnings quality, and stock liquidity shall form positive information to investors under condition high trust of investors as the impact of decreasing asymmetric information. Consistent with signaling theory, this study proves that positive information on investors will be formed if there is an increase in investor confidence as a result of reduced information asymmetry.
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- 2021
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- View/download PDF
35. ANALISIS NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR INDUSTRI BARANG KONSUMSI.
- Author
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Umairah, Khairunisa, Nawir, Jubaedah, and Fadila, Ardhiani
- Subjects
QUANTITATIVE research ,PROFITABILITY ,CAPITAL structure ,ENTERPRISE value ,BUSINESS size - Abstract
Copyright of Jurnal Visionida is the property of Universitas Djuanda and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2022
- Full Text
- View/download PDF
36. Examining the Relationship Between Product Market Competition and Chinese Firms Performance: The Mediating Impact of Capital Structure and Moderating Influence of Firm Size.
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Mubeen, Riaqa, Han, Dongping, Abbas, Jaffar, Raza, Saqlain, and Bodian, Wang
- Subjects
ECONOMIC competition ,CAPITAL structure ,ORGANIZATIONAL performance ,BUSINESS size ,CHINESE corporations - Abstract
This study emphasized the relationship between the Chinese companies' product market competition and organizational performance. This article explored the mediating effect of capital structure and the moderating impact of firm size in achieving better performance of Chinese companies. This study employed a sample of 2,502 Chinese firm observations and identified that market competition positively influenced firm performance. Additionally, capital structure partly mediated the relationship between product market competition and firm performance. Similarly, the present study also tested the moderating effect of firm size (both small and large) on the association between product market competition and firm performance. The results showed that moderating large businesses affects the nexus between product market competition and firm performance. Conversely, small firms' moderating role revealed a substantial adverse impact on the association between product market competition and firm performance. These findings contribute to the literature on the complex implications of market competition on business firms' performance. The results provide insightful and practical implications for future research directions. [ABSTRACT FROM AUTHOR]
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- 2022
- Full Text
- View/download PDF
37. The Effect Of Capital Structure, Firm Size, And Firm Growth On Profitability And Firm Value.
- Author
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IRAWAN, Denny Chandra, PULUNGAN, Nur Aisyah, SUBIYANTO, Bambang, and AWALUDIN, Dipa Teruna
- Subjects
ENTERPRISE value ,CAPITAL structure ,BUSINESS size ,PROFITABILITY ,GOVERNMENT business enterprises - Abstract
This study aims to examine how capital structure, firm size, and firm growth affect profitability and firm value. The research sample consisted of seven issuers of state-owned enterprises (BUMN) included in the infrastructure cluster, with an observation period from 2015 to 2019. Quantitative data were then processed using multiple linear regression techniques with Eviews 9 software. The study results revealed that capital structure had a negative and insignificant effect on profitability. Meanwhile, firm size and firm growth affected profitability positively but not significantly. Furthermore, profitability positively but not significantly affected firm value. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
38. Examining the Relationship Between Product Market Competition and Chinese Firms Performance: The Mediating Impact of Capital Structure and Moderating Influence of Firm Size
- Author
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Riaqa Mubeen, Dongping Han, Jaffar Abbas, Saqlain Raza, and Wang Bodian
- Subjects
product market competition ,GMM model ,firm size ,capital structure ,firm performance ,Psychology ,BF1-990 - Abstract
This study emphasized the relationship between the Chinese companies’ product market competition and organizational performance. This article explored the mediating effect of capital structure and the moderating impact of firm size in achieving better performance of Chinese companies. This study employed a sample of 2,502 Chinese firm observations and identified that market competition positively influenced firm performance. Additionally, capital structure partly mediated the relationship between product market competition and firm performance. Similarly, the present study also tested the moderating effect of firm size (both small and large) on the association between product market competition and firm performance. The results showed that moderating large businesses affects the nexus between product market competition and firm performance. Conversely, small firms’ moderating role revealed a substantial adverse impact on the association between product market competition and firm performance. These findings contribute to the literature on the complex implications of market competition on business firms’ performance. The results provide insightful and practical implications for future research directions.
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- 2022
- Full Text
- View/download PDF
39. PENGARUH STRUKTUR MODAL, PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN.
- Author
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Yulianti, Viky and Ramadhan, Yanuar
- Abstract
Penelitian ini dilakukan dengan tujuan untuk mengetahui adanya pengaruh struktur modal, profitabilitas dan ukuran perusahaan terhadap nilai perusahaan pada perusahaan sektor property & real estate yang ada pada Bursa Efek Indonesia pada periode penelitian 2016-2020. Metode purposive sampling digunakan dalam penelitian ini dan data sekunder yang diperoleh dari situs Bursa Efek Indonesia (BEI) dan menghasilkan sampel sebanyak 17 perusahaan. Analisis data menggunakan analisis regresi linier berganda. Diperoleh hasil bahwa struktur modal berpengaruh positif tidak signifikan terhadap nilai perusahaan, sedangkan profitabilitas serta ukuran perusahaan berpengaruh positif signifikan terhadap nilai perusahaan. [ABSTRACT FROM AUTHOR]
- Published
- 2022
40. Capital structure, agency cost, size and firm value of small and medium listed companies.
- Author
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Gusni, Merdekawati, Siska, Jatnika, Fitri Pratiwi, Agustia, Widi Nurina, Marina, Lastri, and Anisa, Risna
- Abstract
Firm value has an important role because it can explain how the market appreciates the company. This paper aims to explore the influence of capital structure, agency cost, and firm size on the company value of small and medium-listed firms in the Indonesian stock exchange. In the way to achieve the study objective, data was gathered from 227 small and medium listed firms from 2019 to 2020 selected by using certain criteria. This study applied a panel data regression model with a random effect approach to detect the impact of capital structure, agency cost, and firm size on the firm value. Statistical test results denote that capital structure and agency costs have a positive effect on firm value, while firm size has no effect. These study findings provide an outlook that capital structure decisions and agency cost control can maximize firm value in small and medium companies listed on the development index of the Indonesian capital market. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
41. Company Value Impact on Capital Structure, Sales Growth, and Company Size.
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Hertina, Dede, Tisnakomara, Herisman, and Sunandar, Nandang
- Subjects
SALES reporting ,CAPITAL structure ,STOCK exchanges ,AUTOMOBILE industry ,AUTOMOBILE sales & prices ,ORGANIZATIONAL ideology - Abstract
The objective of this study is to understand the influence of capital structure, sales growth and firm size on firm value in the automotive and component sub-sectors that are registered on the Indonesia Stock Exchange during 2016-2020 period. The research method used in this research is descriptive and verification methods. The findings of the study state that capital structure significantly and positively influences firm value, while there is no effect of sales growth and firm size on firm value in the automotive and component industry sub-sector companies that are registered on the Indonesia Stock Exchange during 2016-2020 period. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
42. How Does Firm Size and Capital Structure Affect Firm Value?
- Author
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Radhika Putri Nursetya and Lina Nur Hidayati
- Subjects
firm size ,capital structure ,profitability ,firm value ,Marketing. Distribution of products ,HF5410-5417.5 ,Finance ,HG1-9999 ,Personnel management. Employment management ,HF5549-5549.5 - Abstract
Objective: This paper explores whether the firm size and capital structure have an impact on corporate valuation. Then it will raise profitability as an intervening variable on the effect of company size and capital structure on corporate valuation. Research Design & Methods: Data gathering method is finalized by using the documentation method. In this study, data were obtained from published financial reports. Samples from this study were 30 manufacturing companies listed on the Indonesia Stock Exchange. Findings: The results exhibited that firm size affected profitability and firm value. In the meantime, the capital structure has a big influence on performance and does not affect the company's valuation. Profitability has a positive effect on corporate value. This study also concludes that profitability can mediate firm size to firm value. Conversely, profitability cannot mediate capital structure on corporate value. Implications & Recommendations: This study offers empirical evidence that profitability can be an intervening variable in firm size's effect on firm value. In further research, other variables can be added, which are considered to mediate company size and capital structure on corporate value. Contribution & Value Added: This study's results contribute to the financial literature, especially those related to public corporations' value in Indonesia. As a practical contribution, stockholders can use this study's outcomes as additional information in investment decisions.
- Published
- 2020
- Full Text
- View/download PDF
43. THE EFFECT OF NET PROFIT MARGIN, CURRENT RATIO, FIRM SIZE, BUSINESS RISK ON CAPITAL STRUCTURE
- Author
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Anzella Anzella, Cindy Audryana, Esmeralda Esmeralda, and Firmansyah Mida
- Subjects
business risk ,capital structure ,current ratio ,firm size ,net profit margin ,Accounting. Bookkeeping ,HF5601-5689 - Abstract
The purpose of this study is to examine and analyze the effect of net profit margin, current ratio, firm size, business risk on capital structure in basic and chemical industrial companies on the Indonesia Stock Exchange for the 2014-2017 period. This study uses a quantitative research approach. The type of research used is descriptive quantitative research. The nature of this research is cause and effect/causal research.The population of this study amounted to 67 basic and chemical industrial companies on the Indonesia Stock Exchange for the 2014-2017 period. The number of research samples is 31 basic and chemical industrial companies on the Indonesia Stock Exchange for the 2014-2017 period with a sample of 124 observations. Data collection technique using documentation and research model is multiple linear regression. The results of this study are that the net profit margin has an effect and is not significant on the capital structure of basic and chemical industrial companies on the Indonesia Stock Exchange for the 2014-2017 period. The current ratio has no significant effect on the capital structure of basic and chemical industrial companies on the Indonesia Stock Exchange for the 2014-2017 period. Firm size has a significant and significant effect on the capital structure of basic and chemical industrial companies on the Indonesia Stock Exchange for the 2014-2017 period. Business risk has an effect and is significant on the capital structure of basic and chemical industrial companies on the Indonesia Stock Exchange for the 2014-2017 period. Net profit margin, current ratio, firm size, business risk have a significant and significant effect on the capital structure of basic and chemical industrial companies on the Indonesia Stock Exchange for the 2014-2017.
- Published
- 2020
- Full Text
- View/download PDF
44. Pengaruh Sruktur Aktiva, Profitabilitas, Dan Ukuran Perusahaan Terhadap Struktur Modal Pada Perusahaan Sub Sektor Perdagangan Besar (Barang Produksi Dan Barang Konsumsi) Yang Terdaftar Di BEI
- Author
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Ryko Syahputra, Intan Angelia, Lindawati Lindawati, Caroline Caroline, Noviana Noviana, and Mohd. Nawi Purba
- Subjects
capital structure ,asset structure ,profitability ,firm size ,Accounting. Bookkeeping ,HF5601-5689 - Abstract
This study intends to examine and analyze the effect of asset structure, profitability, and firm size on the capital structure of large trading companies (production goods and consumer goods) listed on the Indonesia Stock Exchange in 2014 - 2017. The research approach used is a quantitative research and the research’s type used is descriptive research. The population used in this study is the large trading companies (manufactured goods and consumer goods) listed on the Indonesia Stock Exchange in 2014 - 2017 as many as 37 companies and obtained a sample of 15 companies multiplied by 4 years of the research period using the purposive sampling method. The coefficient of determination in this study was 32.4%, the remaining 67.6% was explained by other variables outside the study. The results of the study are based on multiple linear regression models and hypothesis testing using the f test and t-test. Asset structure and company size have a positive and significant effect on the capital structure while profitability has a negative and significant effect on the capital structure on large trading companies (manufactured goods and consumer goods) listed on the Indonesia Stock Exchange in 2014 - 2017.
- Published
- 2020
- Full Text
- View/download PDF
45. Dampak Mediasi Struktur Modal terhadap Hubungan Profitabilitas, Kebijakan Dividen, dan Ukuran Perusahaan serta Nilai Perusahaan
- Author
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Zulfa Latifia Hanif, Yulianti Yulianti, and Farikha Amilahaq
- Subjects
profitability ,dividend policy ,firm size ,firm value ,capital structure ,Accounting. Bookkeeping ,HF5601-5689 - Abstract
This research focuses on efforts to increase company value by the level of profitability, dividend policy, and company size. The novelty of the model is to use capital structure as intervening. The population focuses on manufacturing companies that have gone public on the Indonesia Stock Exchange at least from 2012 to 2016, namely as many as 139 companies. While the sampling technique is purposive sampling and obtained by 33 companies. Based on the results of the analysis using path analysis techniques, it can be concluded that the structure model (DER) is not able to mediate the role of profitability (ROE) on firm value (PBV). The dividend policy (DPR) and company size do not have direct implications on the value of the company, but rather through dividend policy as an intermediary. This study found that there is an effect of profitability, dividend policy, and company size on firm value through capital structure as an intervening variable.
- Published
- 2020
- Full Text
- View/download PDF
46. YÖNETİMSEL MÜLKİYET, SERMAYE YAPISI VE ŞİRKET BÜYÜKLÜĞÜNÜN KURUMSAL DEĞER ÜZERİNDEKİ ETKİSİ: BIST100 ŞİRKETLERİ ÜZERİNE ARAŞTIRMA.
- Author
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TEPELİ, Yusuf and KAHRAMAN, Yunus Emre
- Subjects
CAPITAL structure ,MARKET value ,CAPITAL stock ,BUSINESS size ,TIME series analysis - Abstract
Copyright of Turkish Journal of Social Research / Turkiye Sosyal Arastirmalar Dergisi is the property of Turkish Journal of Social Research and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2021
47. External and internal determinants of performances of Shariah and non-Shariah compliant firms
- Author
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Ho, Catherine S.F. and Mohd-Raff, Nor Erna Nabila
- Published
- 2019
- Full Text
- View/download PDF
48. THE FACTORS AFFECTING FINANCIAL PERFORMANCE IN MINING SECTOR COMPANIES 2014-2019 PERIOD
- Author
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Dyana Novita Taristy and Ulil Hartono
- Subjects
capital structure ,environmental cost ,financial performance ,firm size ,intellectual capital ,leverage ,Management. Industrial management ,HD28-70 ,Business ,HF5001-6182 - Abstract
Financial performance is an assessment of the company from achieving predetermined targets. The aim of this research is the influence of leverage, firm size, capital structure, intellectual capital, and environmental cost towards the financial performance of Mining Sector Company listed on the Indonesian Stock Exchange (IDX) in 2014-2019. This research is included in the type of explanation research with quantitative research. Return On Assets (ROA) is used in this case to measure the company’s financial performance. In this research, the population consisted of 50 companies, and the obtained samples from the purposive sampling consisted of 10 companies. Multiple linear regression is used to be the analysis technique in this research. This research gets results that leverage, firm size, capital structure, and intellectual capital have not to effect on a company’s financial performance. The environmental cost has a significant negative effect on the company’s financial performance. The company must maintain the form of its responsibility to the environment by paying attention to the proportion of the budget that must be spent not to impact the acquisition of its financial performance. Next researcher can add or replace the variables that have been researched, replace or extend the period of the research year, increase the sample of companies, or use other sectors listed on the IDX as samples to get different results.
- Published
- 2021
- Full Text
- View/download PDF
49. Analysis of Factors Affecting Capital Structure on Listed Companies in Indonesia Stock Exchange 2017-2019 Period
- Author
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Della Ayu Sevira and Muhammad Azhari
- Subjects
Asset Growth ,Business Risk ,Capital Structure ,Firm Activity ,Firm Size ,Liquidity ,Business ,HF5001-6182 - Abstract
Achieve the objectives of companies requires financial decisions that include capital structure. Capital structures in food and beverage companies are relatively low, so it doesn't necessarily make capital structures optimal. This research is conducted to examine factors that influence the capital structure of food and beverage companies listed on the Indonesia Stock Exchange in the 2017-2019 periods. The purpose of this research is to test both simultaneously and partially the influence of profitability, tangibility, firm size, sales growth, asset growth, business risk, firm activity, and liquidity on the capital structure. 14 of 26 companies have been selected as research samples from food and beverage companies listed in Indonesia Stock Exchange in 2017-2019, so 42 observations have been obtained. The method of analysis that using in this research is the multiple regressions analysis technique. This research shows that simultaneously profitability, tangibility, firm size, sales growth, asset growth, business risk, firm activity, and liquidity have a significant influence on the capital structure. The result of partial research shows that firm size and liquidity significantly influence the capital structure. Meanwhile, profitability, tangibility, sales growth, asset growth, business risk, and firm activity have no significant influence on the capital structure.
- Published
- 2021
- Full Text
- View/download PDF
50. Capital structure and firm efficiency: Does firm size matter.
- Author
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Akinlabi-Babalola, A. Nurat, Ikpesu, Fredrick, and Babatunde, B. Oke
- Subjects
CAPITAL structure ,BUSINESS size ,LEAST squares ,AGENCY costs ,AGENCY theory ,STRUCTURAL analysis (Engineering) - Abstract
Capital structure and firm's efficiency have been one of the major topics discussed in corporate financial parlance due to its importance for the survival and sustainability of firms. Several theories such as the pecking order theory, trade-off theory, agency cost theory, and capital structure irrelevant theory have been employed to delineate the relationship between capital structure and firm efficiency. This study examined the moderating effect of firm size on capital structure and firm efficiency of listed firms on the Nigerian Stock Exchange. The data for eighteen (18) financial firms and forty-four (44) non-financial firms was obtained for the period 2010 and 2017. For this study, the panel fully modified ordinary least square method (PFMOLS) was employed because all the variables are stationary at a first difference and are cointegrated. More so, the PFMOLS can rectify the problem of serial correlation and heteroscedasticity and give an optimal estimate. The outcome of the study revealed that firm size has a moderating effect on the relationship between capital structure and efficiency of non-financial firms, while it has no moderating effect on the relationship between capital structure and firm efficiency of financial firms in the country. [ABSTRACT FROM AUTHOR]
- Published
- 2021
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