The Measurement of Capital Structure, Corporate Growth, and Company Profit on Firm Value
Keywords:
Capital structure, company growth, company profit, company value, LQ-45 indexAbstract
The purposes of this study is to investigate the effect of capital structure, company growth, dan company profit and implications on company value that measured by stock price. The research method used descriptive and verificative method. Statistical analysis applied the Panel Data Regression Model using t test and F test. The unit of analysis of this study is all companies forming the LQ-45 index of the 2015-2019 period. The purposive sampling technique with the type of judgment sampling is using as a sampling method. The sample of this study is only the companies that recorded consistent over the study period and as a result have 17 emiten. The results findings showed that the capital structure that proxied by debt to equity ratio has significant effect on stock price, company growth that proxied by total asset growth has significant effect on stock price, and company profit that proxied by net profit margin has significant effect on stock price.
Downloads
References
Sumani, N. and E.B.S. Nursaid, Improving Financial Performance and Profits of Pharmaceutical Companies During a Pandemic: Study on Environmental Performance, Intellectual Capital and Social Responsibility. Quality-Access to Success, 2021: p. 154-165.
Liantoni, F., R.I. Perwira, and D.S. Bataona, Comparison of Adaptive Ant Colony Optimization for Image Edge Detection of Leaves Bone Structure. EMITTER International Journal of Engineering Technology, 2018. 6(2): p. 328-336 DOI: https://doi.org/10.24003/emitter.v6i2.306.
Li, X., Y. Becker, and D. Rosenfeld, Asset growth and future stock returns: International evidence. Financial Analysts Journal, 2012. 68(3): p. 51-62 DOI: https://doi.org/10.2469/faj.v68.n3.4.
Tondok, B.S., C. Pahlevi, and A. Aswan, The Influence of Capital Structure, Growth, Company Size to Profitability and Company Value of Manufacture Firms Listed in Indonesia Stock Exchange. Hasanuddin Journal of Business Strategy, 2019. 1(3): p. 66-78 DOI: https://doi.org/10.26487/hjbs.v1i3.254.
Sanusi, A., The effect of return on equity, net profit margin and debt to equity ratio on debt at the company pt. tamarind Medan. JUMANT, 2018. 6(1): p. 11-19.
Rasyid, A., Effects of ownership structure, capital structure, profitability and company’s growth towards firm value. International Journal of Business and Management Invention, 2015. 4(4): p. 25-31.
Alipudin, A., The effect of eps, roe, roa and der on stock prices in cement sub-sector companies listed on the IDX. JIAFE (Scientific Journal of Accounting, Faculty of Economics), 2016. 2(1): p. 1-22 DOI: https://doi.org/10.34204/jiafe.v2i1.519.
Żemojtel‐Piotrowska, M., et al., The mental health continuum‐short form: The structure and application for cross‐cultural studies–A 38 nation study. Journal of clinical psychology, 2018. 74(6): p. 1034-1052 DOI: https://doi.org/10.1002/jclp.22570.
Amalya, D.M. and T.W. Widyaningsih. Implementation of Naive Bayes for Classification and Potentially MSMEs Analysis. EDP Sciences.
Kurniasih, S. and A. Surachim, Debt to Equity Ratio (DER) and Return On Assets (ROA) to Increase Stock Prices. Strategic: Journal of Business Management Education, 2019. 18(2): p. 44- 52 DOI: https://doi.org/10.17509/strategic.v18i2.17590.
Ruipérez-Valiente, J.A., et al., Using multi-platform learning analytics to compare regional and global MOOC learning in the Arab world. Computers & Education, 2020. 146: p. 103776 DOI: https://doi.org/10.1016/j.compedu.2019.103776.
Putra, F. and A.A. Putra, The Effect of Share Ownership Structure, Capital Structure and Profitability on Firm Value. Journal of Financial and Business Accounting, 2021. 14(1): p. 1-10.
Manurung, S.D., The influence of capital structure on profitability and firm value (a study on food and beverage companies listed in Indonesia stock exchange 2010-2012 period). Jurnal Administrasi Bisnis, 2014. 7(2).
Safitri, O.N., The Influence Of Capital Structure And Profitability On Firm Value (A Study in Retail Companies Listed in Indonesia Stock Exchange 2010-2013 period). Jurnal Administrasi Bisnis, 2014. 13(2): p. 157-168.
Imansyah, S. and M.H. Mustafa, The analysis of financial ratios effect on the stock price of consumer goods sector companies listed in kompas100 index. Dinasti International Journal of Digital Business Management, 2021. 2(2): p. 371-384 DOI: https://doi.org/10.31933/dijdbm.v2i2.779.
Kodongo, O., T. Mokoaleli-Mokoteli, and L.N. Maina, Capital structure, profitability and firm value: panel evidence of listed firms in Kenya. African Finance Journal, 2015. 17(1): p. 1-20 DOI: https://doi.org/10.2139/ssrn.2465422.
Hidayah, N.E.F. and R. Rahmawati, The Effect of Capital Structure, Profitability, Institutional Ownership, and Liquidity on Firm Value. Indonesian Journal of Contemporary Management Research, 2019. 1(1): p. 55-64.
Ganiev, T., V. Karyakin, and S. Zadonsky, MILITARY STANDOFF BETWEEN THE US AND IRAN: THE PARTIES’MILITARY POTENTIALS AND HYPOTHETICAL SCENARIOS OF CONFLICT DEVELOPMENT IN THE MIDDLE EAST. Central Asia and the Caucasus, 2020. 21(2): p. 50-65 DOI: https://doi.org/10.37178/ca-c.20.2.05.
Granada, Y.A. and J.F. Mejia, Does innovation generate or destroy employment? An application for manufacturing and service firms. Cuadernos de Economía, 2020. 43(122): p. 191-212.
Kengatharan, N., The Effects of Teacher Autonomy, Student Behavior and Student Engagement on Teacher Job Satisfaction. Educational Sciences: Theory & Practice, 2020. 20(4): p. 1-15.
Çağatay, S. and İ.H. Erten, The relationship between ideal L2 self, achievement attributions and L2 achievement. Eurasian Journal of Applied Linguistics, 2020. 6(3): p. 337-359 DOI: https://doi.org/10.32601/ejal.834642.
Gadekar, S.S., S.B. Sapkal, and B.R. Madje, HEPES BUFFER MEDIATED SYNTHESIS OF 3, 4- DIHYDRO-3, 3-DIMETHYL-9-ARYLACRIDIN-1-ONES. EUROPEAN CHEMICAL BULLETIN, 2020. 9(1): p. 6-9 DOI: https://doi.org/10.17628/ecb.2020.9.6-9.
Malcolm, F., The moral and evidential requirements of faith. European Journal for Philosophy of Religion, 2020 DOI: https://doi.org/10.24204/ejpr.v0i0.2658.
Alipudin, A., Pengaruh eps, roe, roa dan der terhadap harga saham pada perusahaan sub sektor semen yang terdaftar di bei. JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi), 2016. 2(1): p. 1- 22 DOI: https://doi.org/10.34204/jiafe.v2i1.519.
Koloba, H.A., Purchase Intention Towards Environmentally Friendly Products Among Consumers In South Africa. Applying The Theory Of Planned Behaviour. International Journal Of Business And Management Studies, 2020. 12(1): p. 34-49.
Suard, I.G.W., Challenges of Implementing Deradicalisation Programs for Terrorist Prisoners: An Examination of Indonesian Prison Officers' Experiences. International Journal of Criminal Justice Sciences, 2020. 15(2): p. 173-190.
Govender, R.G. and D.W. Govender, Learning geometry online: A creative individual learning experience. International Journal of eBusiness and eGovernment Studies, 2019. 12(2): p. 151-165 DOI: https://doi.org/10.34111/ijebeg.202012205.
Maryam Al Naimi, M.N.F., Rana Sobh, Prioritization of Supply Chain Reconfiguration Variables using Balanced Score Card and Analytic Network Process. International journal of operations and quantitative management, 2020. 26(2): p. 95-119 DOI: https://doi.org/10.46970/2020.26.2.2.
Rahmat, A., et al. Utilization of the field of data mining in mapping the area of the Human Development Index (HDI) in Indonesia. IOP Publishing.
Downloads
Published
Issue
Section
License
Copyright (c) 2022 Author
This work is licensed under a Creative Commons Attribution 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.
