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Pengaruh Profitabilitas, Size Terhadap Nilai Perusahaan Dengan Sruktur Modal Sebagai Variabel Intervening

Author

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  • Sri Hermuningsih

Abstract

This study investigates the impact of profitability and firm size on firm value with capital structure as an intervening variable of Indonesian public listed firms over the period of 2006 to 2010. Using panel data and Structural Equation Model analysis, this study finds that profitability has negative influence on capital structure, with a significance value 0.023. Second, firm size has positive influence on capital structure with a significance value 0.012. Third, capital structure has positive influence on firm size with a significance value 0.000. Fourth, profitability and firm size have indirect effect on firm value with capital structure as an intervening variable.Keywords: profitability, firm size, capital structure, firm value.AbstrakStudi ini mengkaji dampak profitabilitas dan ukuran perusahaan terhadap nilai perusahaan dengan struktur modal sebagai variabel intervening pada perusahaan tercatat di Bursa Efek Indonesia selama periode 2006 sampai dengan 2010. Menggunakan panel data dan Analsis Structural Equation Model, penelitian ini menemukan bahwa profitabilitas berpengaruh negatif terhadap struktur modal, dengan nilai signifikansi 0,023. Kedua, ukuran perusahaan berpengaruh positif terhadap struktur modal dengan nilai signifikansi 0,012. Ketiga, struktur modal berpengaruh positif terhadap ukuran perusahaan dengan nilai signifikansi 0,000. Keempat, profitabilitas dan ukuran perusahaan memiliki pengaruh tidak langsung terhadap nilai perusahaan dengan struktur modal sebagai variabel intervening.Kata kunci: profitabilitas, ukuran perusahaan, struktur modal, nilai perusahaan.

Suggested Citation

  • Sri Hermuningsih, 2012. "Pengaruh Profitabilitas, Size Terhadap Nilai Perusahaan Dengan Sruktur Modal Sebagai Variabel Intervening," Jurnal Siasat Bisnis, Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia, vol. 16(2).
    • Handle: RePEc:uii:jsbuii:v:16:y:2012:i:2:id:3304
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    Citations

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    Cited by:

    1. Desy Meliana & Felisitas Defung & Anisa Kusumawardani, 2021. "Dividend policy and its implications on stock prices. Examples of evaluation in Indonesia," Technium Social Sciences Journal, Technium Science, vol. 18(1), pages 256-267, April.
    2. Adebayo Olagunju & Aderemi Olalere Adebayo & Jimoh Ibrahim, 2021. "Influence of Liquidity on Market Value of Deposit Money Banks," Business & Management Compass, University of Economics Varna, issue 4, pages 397-411.
    3. Achmad Budi Susetyo & Agus Eko Sujianto & Mochamad Arif Faizin & Kiki Yunita Anjarsari & Charina Dwi Rivylina Nafisah, 2020. "The Indirect Impact of Profitability on Firm Value: Evidence Dividend Policy as Moderators and Capital Structure as Mediator," Technium Social Sciences Journal, Technium Science, vol. 10(1), pages 299-311, August.

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