Analysis of the Effect of Profitability, Company Size and Growth Opportunity toward Firm Value with Capital Structure as Intervening Variable in Consumer Goods Companies Listed on Indonesia Stock Exchange period 2018-2020
Journal Title: Journal of Economics, Finance and Management Studies - Year 2022, Vol 5, Issue 02
Abstract
This research was conducted to analyze whether profitability, company size and growth opportunity influence firm value with capital structure as an intervening variable toward consumer goods companies listed on Indonesia Stock Exchange period 2018-2020.This research selects 30 consumer goods companies listed on Indonesia Stock Exchange periode 2018 to 2020 as research objects using purposive sampling method. The results show that Profitability and Firm Size have a positive and significant effect on Capital Structure, while Growth Opportunity have no significant effect on Capital Structure. Profitability and Capital Structure have positive significant effect on firm value, while firm size and growth opportunity have no significant effect on firm value. Capital Structure cannot be intervening variable toward the effect of Profitability, Company Size and Growth Opportunity on Firm value.
Authors and Affiliations
Felicia, Yusuf Ronny Edward, Enda Noviyanti Simorangkir, Rasinta Ria Ginting
Keywords
Related Articles
- EP ID EP706914
- DOI 10.47191/jefms/v5-i2-12
- Views 83
- Downloads 0
The Socio-Economic Profile of Coastal Area in Aurora, Philippines: A Basis for Extension and Development Programs
This research paper employed a descriptive research design to create a socio-economic community profile of Brgy. Gupa, Dipaculao, Aurora that can be used in formulating suitable extension program for the community. Resul...
Relationship between Export Diversification and Economic Growth, Case of Tunisia (1987-2015)
If in the empirical literature, the postive relationship between divisification of exports and growth has been detected. However, this relationship does not always come out. As an indication and as we have argued, Micha...
Health Insurance Opportunities and Challenges of Vietnamese Insurance Businesses
Nowadays, business operations are rapidly changing, demanding companies to constantly grasp market trends, utilize modern achievements in business, and have suitable business strategies and products to survive and thrive...
Analysis of the Effect of Inflation and Interest Rates on the Rupiah Exchange Rate Over the US Dollar
This study analyses the effect of inflation and interest rates on the Rupiah exchange rate over the period Q1 2013 to Q4 2023. Using the Vector Error Correction Model (VECM) method, this study shows that in the short-ter...
Tracking the Trail of Regional Financial Performance: Economic Growth as a Bridge towards Poverty Reduction
This study aims to see and determine the indirect influence of regional government financial performance on poverty through economic growth in Indonesia. The analysis method used is multiple linear regression and Sobel t...