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Pengaruh Profitabilitas, Growth Opportunity, Struktur Modal Terhadap Nilai Perusahaan Pada Perusahaan Publik Di Indonesia

Author

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  • Sri Hermuningsih

Abstract

This paper examines the influence of profitability, growth opportunity, and capital structure on firm value. We apply Structural Equation Model (SEM) on 150 listed companies on the Indonesia Stock Exchange during 2006 to 2010. The result shows that profitability, growth opportunity and capital structure positively and significanctly affect the company’s value. Secondly, the capital structure intervene the effect of growth profitability on company’s value, but not for profitability.

Suggested Citation

  • Sri Hermuningsih, 2013. "Pengaruh Profitabilitas, Growth Opportunity, Struktur Modal Terhadap Nilai Perusahaan Pada Perusahaan Publik Di Indonesia," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 16(2), pages 1-22, October.
    • Handle: RePEc:idn:journl:v:16:y:2013:i:2c:p:1-22
    DOI: https://doi.org/10.21098/bemp.v16i2.27
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    Citations

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    Cited by:

    1. Reschiwati Reschiwati & Alya Budiantini & Gusmiarni Gusmiarni, 2021. "Examining the effect of firm-specific factors on the automotive industry in Indonesia," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(3), pages 36-45, April.
    2. Yan Nasution, & Citra Sukmadilaga, 2019. "The effect of solvency, activity and implementation of good corporate governance on profitability," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 5(1), pages 01-12.
    3. P. Purwanto & Jillian Agustin, 2017. "Financial Performance towards Value of Firms in Basic and Chemicals Industry," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 443-460.
    4. Dian Agustia & Tjiptohadi Sawarjuwono & Wiwiek Dianawati, 2019. "The Mediating Effect of Environmental Management Accounting on Green Innovation - Firm Value Relationship," International Journal of Energy Economics and Policy, Econjournals, vol. 9(2), pages 299-306.
    5. Dede Hertina & Herisman Tisnakomara & Nandang Sunandar, 2022. "Company Value Impact on Capital Structure, Sales Growth, and Company Size," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 11(1), pages 190-198, January.
    6. Tigor Sitorus & Denny, 2017. "The Influence Of Asset And Profitability Toward Share Value: Mediation Effect Of Liquid Asset," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 6(4), pages 85-103.

    More about this item

    Keywords

    profitability; growth opportunitiy; capital structure; firm value; SEM;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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