Ukuran Perusahaan Memoderasi Pengaruh  Struktur Modal Terhadap Nilai Perusahaan

Santoso, Aprih; Susilowati, Teti

doi:10.33795/j-adbis.v13i2.74

Cited by 14 publications

(12 citation statements)

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“…This is a negative signal to potential investors that large companies can increase debt, affecting firm value. The findings of this research confirm Santoso & Susilowati (2019).…”

Section: Resultssupporting

confidence: 83%

Capital structure, profitability, hedging policy, firm size, and firm value: Mediation and moderation analysis

Alghifari¹,

Solikin²,

Nugraha³

et al. 2022

JEECAR

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This study aims to ascertain how the capital structure affects firm value via profitability moderated by hedging practices and firm size. Verification analysis is used in this study, with data analysis techniques through conditional process analysis. Companies from miscellaneous industrial sectors that were listed on the Indonesia Stock Exchange between 2016 and 2020 make up the research population. The study showed that: capital structure affects profitability; capital structure and profitability affect firm value; profitability does not mediate the effect of capital structure on firm value, which is moderated by hedging policies and firm size; hedging policies and firm size do not moderate the indirect effect of profitability on firm value. This conclusion is crucial for decision-makers who aim to optimize the structure to raise the business value.

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“…This is a negative signal to potential investors that large companies can increase debt, affecting firm value. The findings of this research confirm Santoso & Susilowati (2019).…”

Section: Resultssupporting

confidence: 83%

Capital structure, profitability, hedging policy, firm size, and firm value: Mediation and moderation analysis

Alghifari¹,

Solikin²,

Nugraha³

et al. 2022

JEECAR

View full text Add to dashboard Cite

show abstract

“…This is a negative signal to potential investors that large companies can increase debt, which can affect the value of the company. The results of this study support [52].…”

Section: Moderated Mediation Effectssupporting

confidence: 85%

Capital Structure, Profitability, Hedging Policy, Firm Size, and Firm Value: Mediation and Moderation Analysis

Alghifari

Solikin²,

Nugraha³

et al. 2022

ICOBEST

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The purpose of this research is to determine the impact of the capital structure on firm value through profitability moderated by hedging policies and firm size. Verification analysis is used in this study, with data analysis techniques through conditional process analysis. For the 2016-2020 period, the research population consists of a variety of industrial sector manufacturing companies listed on the Indonesia Stock Exchange. The results show that: capital structure has an impact on profitability; capital structure and profitability have an impact on firm value; profitability does not mediate the effect of capital structure on firm value, which is moderated by hedging policies and firm size; hedging policies and firm size moderate the direct effect of capital structure on firm value; and hedging policies and firm size do not moderate the indirect effect of profitability on firm value.

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“…Hasil ini sejalan dengan penelitian yang dilakukan oleh Mudjijah et al (2019) menunjukkan bahwa struktur modal berpengaruh positif dan signifikan terhadap nilai perusahaan. Namun, hasil penelitian tersebut tidak sejalan dengan penelitian yang dilakukan oleh Irawan & Kusuma (2019); Permatasari & Devi (2018); dan Utomo & Christy (2017) yang menunjukkan bahwa struktur modal tidak memiliki pengaruh signifikan terhadap nilai perusahaan.…”

Section: Pendahuluanunclassified

Kebijakan Dividen Memediasi Pengaruh Struktur Modal Terhadap Nilai Perusahaan

Kusumarini,

Abundanti

2024

EEB

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The purpose of this study is to determine the significance of the effect of capital structure on firm value mediated by dividend policy. This research was conducted on companies in the consumer goods industry sector on the Indonesia Stock Exchange for the 2018-2021 period. The number of samples used in this study were 21 companies which were determined by the purposive sampling method. The analytical technique used in this research is path analysis and using SPSS software. The results showed that capital structure had a significant positive effect on firm value, capital structure had an insignificant positive effect on dividend policy, dividend policy had an insignificant positive effect on firm value, and dividend policy was not able to mediate the effect of capital structure on firm value.

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Ukuran Perusahaan Memoderasi Pengaruh Struktur Modal Terhadap Nilai Perusahaan

Cited by 14 publications

References 0 publications

Capital structure, profitability, hedging policy, firm size, and firm value: Mediation and moderation analysis

Capital structure, profitability, hedging policy, firm size, and firm value: Mediation and moderation analysis

Capital Structure, Profitability, Hedging Policy, Firm Size, and Firm Value: Mediation and Moderation Analysis

Kebijakan Dividen Memediasi Pengaruh Struktur Modal Terhadap Nilai Perusahaan

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