The Impact of Capital Structure on Stock Prices in Serbia During the Global Financial Crisis

Radević, Borislav; Lekpek, Ahmedin; Siljković, Boris

doi:10.15660/auofmte.2013-2.2903

Cited by 2 publications

(2 citation statements)

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“…Struktur modal pada penelitian tersebut direfleksikan dengan variabel Debt, Equity, dan Gearing Ratio. Disisi lain, (Radevic et al, 2013) menyatakan bahwa struktur modal berpengaruh terhadap harga saham.Selanjtnya, (Radevic et al, 2013) membuktikan bahwa hutang dapat mempengaruhi pergerakan harga saham dan indeks bursa. Hutang yang tinggi menyebabkan penurunan yang signifikan terhadap laba bersih, yang pada akhirnya menyebabkan terjadinya penurunan harga saham di pasar.…”

Section: Tinjauan Pustaka Dan Pengembangan Hipotesis Hubungan Struktu...unclassified

Pengaruh Struktur Modal Terhadap Harga Saham dengan Kinerja Perusahaan sebagai Variabel Intervening pada Perusahaan Property dan Real Estate

Ramandei,

Saranga,

Sawai

et al. 2023

joer

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This study aims to examine the direct effect of capital structure on company performance and stock prices; direct effect of company performance on stock prices. As well as testing the indirect effect of capital structure on stock prices through company performance. Hypothesis testing is carried out using the Partial Least Square (PLS) approach. The sample used consisted of 40 property and real estate companies listed on the Indonesia Stock Exchange from 62 companies, for 2018-2020. Sampling was done by purposive sampling method. The results of this research show that capital structure has no effect on stock prices. Stock prices tend to be more influenced by the demand and supply of shares by capital market participants. This shows that it is likely that investors who will invest in property and real estate companies in the form of shares will consider other information about the company besides information about the company's capital structure. While the capital structure does not affect the performance of the company's performance. These results indicate that changes in the company's capital structure caused by an increase in the amount of company debt do not improve company performance. However, the company's performance has a positive effect on stock prices. Meanwhile, capital structure has no effect on stock prices through company performance. These results indicate that the company's performance is not able to mediate the relationship between capital structure and stock prices

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Section: Tinjauan Pustaka Dan Pengembangan Hipotesis Hubungan Struktu...unclassified

Pengaruh Struktur Modal Terhadap Harga Saham dengan Kinerja Perusahaan sebagai Variabel Intervening pada Perusahaan Property dan Real Estate

Ramandei,

Saranga,

Sawai

et al. 2023

joer

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“…Hasil penelitian ini sejalan dengan hasil penelitian Subiantoro dan Andreani (2003), Kesuma (2009) dan Liwang (2011) dan tidak sejalan dengan hasil penelitian Muhammad (2006), Sumiati (2007), Buigut et al (2013), Radevic et al (2013), Ircham dkk (20140, Manik (2014), dan Binangkit dan Raharjo (2014) yang membuktikan bahwa struktur modal berpengaruh signifikan terhadap harga saham.…”

Section: Predictive Relevance ( )unclassified

Hubungan Struktur Modal, Kinerja Perusahaan dan Harga Saham pada Perusahaan Property dan Real Estate yang Listed di Bursa Efek Indonesia

Afriano¹,

Nikmah²

2016

J. Accounting

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The purpose of this research was to examine the influence of direct capital structure towards the company's performance and stock price and test the influence of indirect capital structure towards the price of the stock on the company's financial performance through property and real estate were listed on the Indonesia stock exchange in 2009-2014. This research uses the Partial Least Square approach (PLS). The sample consisted of 38 companies research property and real estate registered in BEI in 2009 until 2014. Sampling done by the method of purposive sampling. The results of this research are proving there is a direct positive influence on performance of capital structure of the company, a positive performance against direct influence stock prices and indirectly influence modal structure against the stock price through the company's performance, but this research did not manage to prove direct influence the structure of the capital against the stock price. The results obtained in the research contributes important for firms in the capital structure decision making optmal.Keywords: Capital Structure, Company Performance, Stock Price

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The Impact of Capital Structure on Stock Prices in Serbia During the Global Financial Crisis

Cited by 2 publications

References 0 publications

Pengaruh Struktur Modal Terhadap Harga Saham dengan Kinerja Perusahaan sebagai Variabel Intervening pada Perusahaan Property dan Real Estate

Pengaruh Struktur Modal Terhadap Harga Saham dengan Kinerja Perusahaan sebagai Variabel Intervening pada Perusahaan Property dan Real Estate

Hubungan Struktur Modal, Kinerja Perusahaan dan Harga Saham pada Perusahaan Property dan Real Estate yang Listed di Bursa Efek Indonesia

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