Firm Size, sales growth, profitability dan firm value pada sektor basic industry and chemical

Alfinur, Alfinur; Hidayat, Candra Wahyu

doi:10.21067/mbr.v5i1.5545

Cited by 1 publication

(1 citation statement)

References 7 publications

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“…This result is not in line with signaling theory where the level of sales can be a signal that has an impact on investors' investment decisions. The research results are in line with the findings of Rahayu et al (2020), Alfinur & Hidayat (2021), Romadhina & Andhitiyara (2021), Afinindy et al (2021) and Yusmaniarti et al (2021) and Mutiara et al (2022) which states that company growth has no influence on company value.…”

Section: Discussionsupporting

confidence: 90%

The Effect of Company Growth and Liquidity on Company Value with Capital Structure as an Intervening Variable

Permatasari,

Ramadhan

2023

IJSSR

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This study aims to obtain empirical evidence about the effect of company growth and liquidity on firm value, with capital structure as the intervening variable. The company's growth variable is measured using the percentage increase in the company's total sales, the difference between the company's total sales in this period and the previous period's total sales. The variable liquidity is measured by the current ratio, which is a measurement of the current assets owned by the company and the current liabilities of the company. The capital structure variable as an intervening variable is measured by the debt-to-equity ratio, which is the ratio between the total debt owned by the company and the capital owned by the company itself. The firm value variable as the dependent variable is measured based on the book value of the stock price, namely the stock price compared to the book value per share. The population in this study used 24 coal sub-sector mining companies listed on the IDX for the 2018–2022 period. The sample was selected using a purposive sampling method. The researcher obtained a sample of 11 companies in the coal mining sub-sector. The results of this study found that while company growth has no effect on capital structure, liquidity has a negative effect on capital structure. Company growth, liquidity, and capital structure have no effect on firm value. The capital structure is unable to mediate the relationship between company growth and liquidity and firm value.

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Section: Discussionsupporting

confidence: 90%