Company Value Impact on Capital Structure, Sales Growth, and Company Size

Hertina, Dede; Tisnakomara, Herisman; Sunandar, Nandang

doi:10.20525/ijfbs.v11i1.1668

Cited by 4 publications

(8 citation statements)

References 4 publications

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“…Therefore, the debt will decrease by itself. This result is in line with the results of previous research conducted by Hertina et al (2022), Haron et al (2021), Pathak &Chandani (2021), andRani et al (2020) who found that liquidity has a negative effect on capital structure.…”

Section: Effect Of Liquidity (Cr) On Capital Structuresupporting

confidence: 92%

“…Companies that have high liquidity mean that they can pay short-term debt, so they tend to reduce total debt, which in turn will make the capital structure smaller. Previous research conducted by Hertina et al (2022), Haron et al (2021), Pathak &Chandani (2021), andRani et al (2020) state that liquidity has a negative effect on capital structure. Based on the results of the description and previous research, the hypothesis is proposed as follows:…”

Section: Liquiditymentioning

confidence: 94%

“…Companies whose tangibility has a ratio of fixed assets that is greater than their total assets will use more long-term debt because existing fixed assets can be used as debt collateral (Brigham & Houston, 2018). Previous research conducted by Hertina et al (2022), Mukaromah & Suwarti (2022), Pathak &Chandani (2021), andIqbal et al (2019) state that tangibility has a positive effect on capital structure. Based on the results of the description and previous research, the hypothesis is proposed as follows:…”

Section: Tangibilitymentioning

confidence: 99%

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The Impact of Financial Ratios and Growth Opportunity on Capital Structure A Moderation Role of Firm Size

Gusfriyanto,

Sihombing

2024

IJDMS

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This study aims to examine the impact of liquidity, profitability, tangibility, and growth opportunity with firm size as a moderating variable on capital structure in distributor companies listed on the IDX Consumer Non-Cyclical for the period 2018-2022. The sampling technique used in this study was purposive sampling. The sample in this study consisted of 7 companies. This study uses panel data analysis techniques with moderated regression analysis (MRA) on E-views 13. Empirical results show that liquidity and profitability have a negative effect, and growth opportunity has a positive effect on capital structure, while tangibility does not affect capital structure. Firm size can only moderate growth opportunity to weaken the negative effect on capital structure, while tangibility cannot be moderated by firm size

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Section: Effect Of Liquidity (Cr) On Capital Structuresupporting

confidence: 92%

Section: Liquiditymentioning

confidence: 94%

Section: Tangibilitymentioning

confidence: 99%

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The Impact of Financial Ratios and Growth Opportunity on Capital Structure A Moderation Role of Firm Size

Gusfriyanto,

Sihombing

2024

IJDMS

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“…Sumarau's [18] results study shows investment, funding decisions, and profitability simultaneously affect firm value, while partially only funding and profitability decisions influence firm value. Hertina, et al research results [19] show capital structure, and liquidity ratios have an effect, while company growth has no effect firm value .…”

Section: Introductionmentioning

confidence: 94%

Management’s Company Value Based Capital Structure, Liquidity Ratio, Coverage, Activity through Financial Performance

Jariah,

Irdiana,

Lukiana

2023

Advances in Economics, Business and Management Research

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Encouraging performance synonymous with an increase in company value. Because this is the same as achieving the company's primary objective, maximizing company value is crucial for a business. Increasing the value of firm accomplishments in line with owner wishes since owner welfare will be ensured automatically. Investors' assessment of a company's success level, is frequently linked to stock prices. A high stock price is a sign of a valuable corporation. The purpose of this research is to explore and analyze how capital structure, liquidity ratios, coverage, and activity are related to financial performance and firm value. It also demonstrates the importance of financial performance as a mediator between these factors and firm value. Out of 16 automotive firms, a total of 13 are listed on the Indonesia Stock Exchange from 2018 to 2021. Using path analysis for hypothesis testing, Sobel test for mediation hypothesis testing. Results showed only financial performance had an impact on the firm's worth, coverage ratio had an impact on financial results. The financial performance was unable to mediate the relationship between capital structure, liquidity, coverage, activity ratio, and firm value. A novelty study compares two states, particularly those before and after the Covid-19 epidemic.

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“…Rasio leverage dipergunakan sebagai tolak ukur seberapa jauh aktiva perusahaan dibiayai dengan utang, yang berarti total liabilitas yang dipergunakan perusahaan dalalm membiayai usahanya daripada menggunakan modal sendiri (Prawira & Sandria, 2021). Riset yang menggunakan leverage (seperti: Dianti et al, 2020;Hertina et al, 2019;Kalbuana et al, 2020;Naelly & Mustafa, 2020;Pattiruhu & Paais, 2020;Salim & Wahyuni, 2020). Leverage dalam riset ini diprosikan DER (Debt to Equity Ratio) menggunakan formula hutang jangka panjang dibagi total asset.…”

Section: Variabel Eksogen: Leverage (X1)unclassified

Tax Aggressiveness: Peran Moderasi CSR pada Perusahaan Manufaktur

Putro

Fajri²,

Indira³

2022

Keuangan, Akuntansi, Manajemen, Perbankan

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Studi ini menjawab pertanyaan tentang pajak, sumber pendapatan terbesar di Indonesia. Penelitian ini menguji pengaruh leverage dan profitabilitas terhadap agresivitas pajak yang dimoderasi oleh tanggung jawab sosial perusahaan. Tujuan dari survei ini adalah untuk mengetahui apakah ada perusahaan yang melakukan penghindaran pajak. Penelitian ini menggunakan data sekunder. Populasinya mencakup seluruh perusahaan manufaktur yang terdaftar di BEI antara tahun 2018 hingga 2020. Analisis data dilakukan berdasarkan SmartPLS, dan ditemukan sebanyak 147 sampel penelitian. Implikasi teoritis dari penelitian ini gagal membuktikan teori stakeholder, legitimacy, dan agency dalam menjelaskan agresivitas pajak. Hasil penelitian ini menunjukkan bahwa leverage dan tanggung jawab sosial perusahaan tidak berpengaruh signifikan terhadap agresivitas pajak. Profitabilitas berpengaruh negatif signifikan terhadap agresivitas pajak. Tanggung jawab sosial perusahaan kemudian tidak mampu memperkuat leverage dan profitabilitas pada agresivitas pajak.

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Company Value Impact on Capital Structure, Sales Growth, and Company Size

Cited by 4 publications

References 4 publications

The Impact of Financial Ratios and Growth Opportunity on Capital Structure A Moderation Role of Firm Size

The Impact of Financial Ratios and Growth Opportunity on Capital Structure A Moderation Role of Firm Size

Management’s Company Value Based Capital Structure, Liquidity Ratio, Coverage, Activity through Financial Performance

Tax Aggressiveness: Peran Moderasi CSR pada Perusahaan Manufaktur

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