The Influence Of Capital Structure, Size, Profitability And Liquidity On The Value Of Manufacturing Companies On The Indonesian Stock Exchange For The Period 2018-2022

  • Dede Hertina Universitas Widyatama
  • Amiruddin Amiruddin Universitas Gajah Putih
  • Heny Herawati Institut Maritim Prasetiya Mandiri (IMPM) Lampung
  • Alfiana Alfiana Universitas Muhammadiyah Bandung
  • Sri Hastutik Universitas Wisnuwardhana
DOI: https://doi.org/10.37676/ekombis.v11i2.4830
Keywords: capital structure, liquidity, profitability

Abstract

This research was conducted as a way to analyze the effect of capital structure, size, profitability and liquidity on the value of manufacturing companies listed on the Indonesia Stock Exchange. The population in this study is from 2018 to 2022 using around 200 data taken from around 76 manufacturing companies. This study will show that profitability and capital structure have a significant positive effect on the value of the company. While liquidity does not have a negative significant effect on the value of the manufacturing company. Then for company size, it has a negative significant effect on the value of the manufacturing company. The four variables are subjected to regression testing and also the Fixed Effect Model method or model to obtain the correlation and influence between the independent variables consisting of profitability, capital structure, liquidity and also company size and also the dependent variable, namely company value in this study. From this test, the results are obtained whether or not the results of the analysis and tests are in accordance with the hypotheses of this study.

Downloads

Download data is not yet available.

References

Brealey, R. A., Myers, S. C., & Allen, F. (2017). Principles of Corporate Finance, Twelfth Edition. New York: McGraw-Hill Education.
Dewi, S. P., Dermawan, E. S., & Susanti, M. (2017). Pengantar Akuntansi. Bogor: Penerbit IN MEDIA.
Franita, R. (2018). Mekanisme Good Corporate Governance dan Nilai Perusahaan: Studi untuk Perusahaan Telekomunikasi. Medan: Lembaga Penelitian dan Penulisan Ilmiah Aqli.
Hirdinis, M. (2019). Capital Structure and Firm Size on Firm Value Moderated by Profitability. International Journal of Economics and Business Administration (IJEBA), 7(1), 174-191. DOI: 10.35808/ijeba/204
Holyfil, D., & Ekadjaja, A. (2021). Pengaruh Profitabilitas, Likuiditas, Ukuran Perusahaan, dan Corporate Social Responsibility Terhadap Nilai Perusahaan. Jurnal Multiparadigma Akuntansi Tarumanagara, 3(2), 497-505.http://dx.doi.org/10.24912/jpa.v3i2.11689
http://jurnalmahasiswa.stiesia.ac.id/index.php/jira/article/download/3493/3508/
http://repository.untar.ac.id/15027/1/Buku%20Pengantar%20Akuntansi%202%20Linda%20Santioso.pdf
https://books.google.co.id/books/about/Mekanisme_Good_Corporate_Governance_dan.html?id=fxeZDwAAQBAJ&redir_esc=y
https://marcelodelfino.net/files/Brealey__Myers_y_Allen_2009_Principles_of_corporate_finance.pdf
https://onesearch.id/Record/IOS3774.JAKPU000000000110165
https://onesearch.id/Record/IOS3774.JAKPU000000000121029?widget=1
https://onesearch.id/Record/IOS4564.INLIS000000000777630
https://opac.perpusnas.go.id/DetailOpac.aspx?id=1172538
https://repository.bungabangsacirebon.ac.id/repo/handle/123456789/1106
Husna, A., & Satria, I. (2019). Effects of Return on Asset, Debt to Asset Ratio, Current Ratio, Firm Size, and Dividend Payout Ratio on Firm Value. International Journal of Economics and Financial, 9(5), 50-54. https://doi.org/10.32479/ijefi.8595
Ichwan, F. Y. (2015). Pengaruh Ukuran Perusahaan, Struktur Aktiva dan Profitabilitas Terhadap Struktur Modal. Jurnal Ilmu dan Riset Akuntansi, 4(6), 1-19.
Jeconiah, R., & Hastuti, R. T. (2020). Faktor yang Mempengaruhi Nilai Perusahaan Manufaktur yang Terdaftar di BEI. Jurnal Multiparadigma Akuntansi Tarumanagara, 2(1), 98-107. http://dx.doi.org/10.24912/jpa.v2i1.7137
Miglo, Anton. (2016). Capital Structure in the Modern World. Switzerland: Springer Nature. 10.1007/978-3-319-30713-8.
Muchtar, E. H. (2021). Corporate Governance: Konsep dan Implementasinya Pada Emiten Saham Syariah. Indramayu: CV.Adanu Abimata.
Mwaurah, Isaac; Muturi, Dr. Willy; dan Waititu, Dr, Anthony. 2017. The Influence of Financial Risk on Stock Returns. International Journal of Scientific and Research Publications. Vol. 7, No. 5. ISSN: 2250-3153
Nur Aliah , N. A. ., & Dessyana , D. . (2022). ANALISIS PROFITABILITAS PERUSAHAAN FARMASI SEBELUM DAN PADA SAAT PANDEMI COVID 19: PROFITABILITAS. Jurnal Manajemen, Akuntansi, Ekonomi, 1(1), 1–8. https://doi.org/10.59066/jmae.v1i1.21
Pagaddut, J. G. (2020). The Mediating Effect of Profitability On The Relationship Between Business Combination and Firm Value Using Partial Least Square – Structural Equation Modeling. International Journal of Management (IJM), 11(9), 1152-1160. DOI: 10.34218/IJM.11.9.2020.108
Sulia, sulia, & Mie, M. . (2023). FAKTOR YANG MEMPENGARUHI MANAJEMEN LABA PADA PERUSAHAAN PROPERTY DAN REAL ESTATE . Jurnal Manajemen, Akuntansi, Ekonomi, 2(2), 1–9. https://doi.org/10.59066/jmae.v2i2.283
Weygandt, Jerry J., Paul D. Kimmel, & Donald E. Kieso. (2015). Financial Accounting: IFRS, 3rd Edition. United States of America: John Wiley & Sons.
Wijaya, C. D., & Sudirgo, T. (2021). Faktor Yang Mempengaruhi Nilai Perusahaan Manufaktur di BEI Periode 2016-2018. Jurnal Multiparadigma Akuntansi Tarumanagara, 3(2), 559-567. http://dx.doi.org/10.24912/jpa.v3i2.11696
Winatama, D. R., & Tundjung, H. (2021). Faktor-Faktor yang Mempengaruhi Nilai Perusahaan pada Perusahaan Manufaktur di BEI. Jurnal Multiparadigma Akuntansi Tarumanagara, 3(2), 766-774.http://dx.doi.org/10.24912/jpa.v3i2.11798
Yadiati, W., & Mubarok, A. (2017). Kualitas Pelapor Keuangan: Kajian Teoretis Dan Empiris. Jakarta: Prenada Media Group.
Yuliani, M., & Jonnardi. (2021). Pengaruh Struktur Modal, Profitabilitas, Likuiditas, dan Ukuran Perusahaan Terhadap Nilai Perusahaan. Jurnal Multiparadigma Akuntansi Tarumanagara, 3(2), 739-747. http://dx.doi.org/10.24912/jpa.v3i2.11795
Yuniarwati, Santioso, L., Ekadjaja, A., & Rasyid, R. (2018). Pengantar Akuntansi 2. Jakarta: Penerbit Mitra Wacana Media.
Zutter, C. J., & Smart, S. B. (2019). Principles of Managerial Finance. United Kingdom: Pearson.
Published
2023-07-31
How to Cite
Hertina, D., Amiruddin, A., Herawati, H., Alfiana, A., & Hastutik, S. (2023). The Influence Of Capital Structure, Size, Profitability And Liquidity On The Value Of Manufacturing Companies On The Indonesian Stock Exchange For The Period 2018-2022. EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi Dan Bisnis, 11(2), 1767 -. https://doi.org/10.37676/ekombis.v11i2.4830
Issue
Vol 11 No 2 (2023)
Section
Articles

Copyright (c) 2023 Dede Hertina, Amiruddin Amiruddin, Heny Herawati, Alfiana Alfiana, Sri Hastutik

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

An author who publishes in the EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis  agrees to the following terms:

Author retains the copyright and grants the journal the right of first publication of the work simultaneously licensed under the Creative Commons Attribution-ShareAlike 4.0 License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal

Submission of a manuscript implies that the submitted work has not been published before (except as part of a thesis or report, or abstract); that it is not under consideration for publication elsewhere; that its publication has been approved by all co-authors. If and when the manuscript is accepted for publication, the author(s) still hold the copyright and retain publishing rights without restrictions. For the new invention, authors are suggested to manage its patent before published. The license type is CC-BY-SA 4.0.

Hasil gambar untuk gambar cc by sa

EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.