Pengaruh Profitabilitas dan Ukuran Perusahaan terhadap Nilai Perusahaan dengan Struktur Modal sebagai Variabel Intervening (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia tahun 2017-2019)

Abstract

ABSTRACT
 
 This study aims to analyze the factors that influence firm value with capital structure as a intervening variable in manufacturing companies listed on the Indonesia Stock Exchange in 2017-2019.This research is a causal research with ex post facto type. The population in this study were all manufacturing companies listed on the Indonesia Stock Exchange in 2017-2019. The sampling technique is purposive sampling, which is collecting samples with certain criteria as a benchmark for collection, so that a sample of 141 companies is obtained. Data collection techniques with the method of documentation that is analyzing the company's annual report. Data analysis techniques used to answer the research hypothesis are multiple regression which are operated through the SPSS program.The research shows that profitability and firm size has no effect on firm value, Profitability has a negative effect on capital structure, firm size has a positive effect on capital structure,capital structure has a negative effect on firm value, and capital structure has no proven to mediate the effect of profitability and firm size to firm value.

Pengaruh Profitabilitas, Leverage, dan Struktur Modal terhadap Nilai Perusahaan dengan Kebijakan Deviden sebagai Variabel Moderasi

“…Profitabilitas (Lutfita & Takrini, 2021;Nurminda et al, 2017)) (Ilmi 2021;Savitri et al, 2021) Leverage (Ilmi, 2021) (Nurminda et al, 2017) Struktur Modal (Lutfita & Takrini, 2021;Prastuti & Sudiartha, 2016) (Hamidy et al, 2015) Sumber: Berbagai jurnal dirangkum, 2021…”

“…Berdasarkani uraiani dii atasi mendorongi peneltii untuki mengetahuii faktor-faktori yanngi mempengaruhii nilaii perusahaani dengani mengkajii variabeli profitabilitas,i leverage,i dani strukturi modal.i Hali inii diperkuati dengani temuani penelitiani sebelumnyai yangi masihi terdapati perbedaani hasili penelitiani yangi berasali darii penelitian-penelitiani terdahului yangi masihi memerlukani penelitiani lebihi lanjuti karenai inkonsistensii hasili penelitiani yangi telahi dilakukan.i Sepertii hasili penelitiani terdahului tentangi profitabilitasi yangi dilakukani olehi Lutfita & Takrini (2021)i sertai penelitiani yangi dilakukani olehi Nurminda et al (2017)i dalami penelitiannyai memberikani hasili bahwai profitabilitasi memiliki pengaruh positifi signifikani pada nilaii perusahaan.i Hasili yangi berbedai padai penelitiani yangi dilakukani olehi Ilmi (2021)i dani penelitiani yangi dilakukani olehi Savitri et al (2021)i bahwai profitabilitasi tidaki memilikii pengaruhi terhadapi nilaii perusahaan.i Hasili penelitiani terdahului tentangi leveragei yangi dilakukani olehi Ilmi (2021),i menyatakani bahwai leveragei memilikii pengaruhi terhadapi nilaii perusahaan.i Namuni hasili penelitiani yangi diteliti olehi Nurminda et al (2017),i menjelaskan jika leveragei tidakimemiliki pengaruhi terhadapi nilaii perusahaan.i Dani hasili penelitiani terdahului tentangi strukturi modali yangi dilakukani olehi Lutfita & Takrini (2021)i menjelaskani bahwai strukturi modali memilikii pengaruhi yangi positifi dani signifikani terhadapi nilaii perusahaani yangi sejalani dengani penelitiani yg dilakukani olehi Prastuti & Sudiartha (2016).i Namuni bertentangani darii penelitiani sebelumnya,i yangi dilakukani olehi Hamidy et al (2015)i menemukani bahwai tidaki adanyai signifikasii antarai strukturi modali terhadapi nilaii perusahaan.…”

Corporate Environmental Disclosure, Environmental Performance, and Corporate Governance Structures on Firm Value

“…Lingga and Suryana (2017), Maridana and Wuryani (2019), Hasian andSuputra (2021), andNoval et al (2021) have proved the positive effect of environmental performance on firm value. Aldino (2015), Agustina (2017), Falade et al (2021), andBakhtiar et al (2021) have proved the positive effect of managerial ownership on firm value, while Sari et al (2021) have proved no effect of managerial ownership on firm value. Aldino (2015), Maryanti and Fithri (2017), Amaliyah & Herwiyanti (2019), Djashan and Agustinus (2020), Kurniangrum and Sitawati (2020), Bakhtiar et al (2021), Ozcan (2021), and Nurokhmah et al (2021) have proved the positive effect of the audit committee on firm value, while Agustina (2017), Mukhtaruddin (2018), andSari et al (2021) have proved no effect of the audit committee on firm value.…”

“…It is also likely that good corporate governance can help maximize value for the company (Haryati and Rahardjo, 2013). The implementation of good corporate governance is suspected to affect the value of the company because the mechanism of good corporate governance through managerial ownership and the audit committee can be used as a control for the company so that the company's management remains within the limits of its proper authority (Sari et al, 2021). Furthermore, an audit committee can provide added value to implementing suitable corporate governance mechanisms that can reduce the occurrence of manipulation in the information presented.…”

Pengaruh Profitabilitas Terhadap Nilai Perusahaan (Studi Kasus Perusahaan Manufaktur terdaftar di Bursa Efek Indonesia Peridoe 2016 - 2020)

“…Nilai perusahaan memberikan sebuah gambaran kepada pemegang saham mengenai baik buruknya dalam perusahaan dikelola. Jika manajemen mengelola perusahaan dengan efektif dan efisien maka nilai perusahaan dapat meningkat (Savitri, dkk, 2021). Salah satu pengukuran dalam menentukan nilai perusahaan adalah dengan menggunakan Price to Book Value (PBV).…”