Profitability As a Moderator: Assessing The Influence of Capital Structure, Investment The Influence of Capital Structure, Investment Decision, And Firm Size On Firm Value
The purpose of this study is to determine whether capital structure, investment decisions, and firm size have an impact on firm value by examining profitability as a moderating factor. A quantitative methodology is used in this study. The population used in this study are companies listed on the Ind...
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| Main Authors: | , , , , |
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| Format: | UMS Journal (OJS) |
| Language: | eng |
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Universitas Muhammadiyah Surakarta
2023
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| Online Access: | https://journals2.ums.ac.id/index.php/reaksi/article/view/4044 |
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| _version_ | 1805342501734711296 |
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| author | Tubastuvi, Naelati Yuswandani, Arafah Esa Fitriati, Azmi Darmawan, Akhmad Jaroenwanit, Pensri |
| author_facet | Tubastuvi, Naelati Yuswandani, Arafah Esa Fitriati, Azmi Darmawan, Akhmad Jaroenwanit, Pensri |
| author_sort | Tubastuvi, Naelati |
| collection | OJS |
| description | The purpose of this study is to determine whether capital structure, investment decisions, and firm size have an impact on firm value by examining profitability as a moderating factor. A quantitative methodology is used in this study. The population used in this study are companies listed on the Indonesia Stock Exchange through the website www.idx.co.id Jakarta Islamic Index 70 company in the 2019-2022 period. This study uses panel data regression model analysis. Within this research, STATA 17 version was used, also Breusch and Pagan Lagrangian is used to test the ordinary least square model versus random effect model regression. Meanwhile, Chow test is used to test ordinary least square model regression versus fixed effect model and Hausman test is used to find the most suitable panel data regression model between fixed effect model and random effect model. The results of this study indicate that capital structure affects firm value, investment decisions and firm size have no effect on firm value, profitability is able to moderate the effect of capital structure and investment decisions on firm value, while profitability is unable to moderate firm size on firm value. |
| format | UMS Journal (OJS) |
| id | oai:ojs2.journals2.ums.ac.id:article-4044 |
| institution | Universitas Muhammadiyah Surakarta |
| language | eng |
| publishDate | 2023 |
| publisher | Universitas Muhammadiyah Surakarta |
| record_format | ojs |
| spelling | oai:ojs2.journals2.ums.ac.id:article-4044 Profitability As a Moderator: Assessing The Influence of Capital Structure, Investment The Influence of Capital Structure, Investment Decision, And Firm Size On Firm Value Tubastuvi, Naelati Yuswandani, Arafah Esa Fitriati, Azmi Darmawan, Akhmad Jaroenwanit, Pensri Capital Structure Firm Size Firm Value Investment Decisions Profitability The purpose of this study is to determine whether capital structure, investment decisions, and firm size have an impact on firm value by examining profitability as a moderating factor. A quantitative methodology is used in this study. The population used in this study are companies listed on the Indonesia Stock Exchange through the website www.idx.co.id Jakarta Islamic Index 70 company in the 2019-2022 period. This study uses panel data regression model analysis. Within this research, STATA 17 version was used, also Breusch and Pagan Lagrangian is used to test the ordinary least square model versus random effect model regression. Meanwhile, Chow test is used to test ordinary least square model regression versus fixed effect model and Hausman test is used to find the most suitable panel data regression model between fixed effect model and random effect model. The results of this study indicate that capital structure affects firm value, investment decisions and firm size have no effect on firm value, profitability is able to moderate the effect of capital structure and investment decisions on firm value, while profitability is unable to moderate firm size on firm value. Universitas Muhammadiyah Surakarta 2023-05-15 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://journals2.ums.ac.id/index.php/reaksi/article/view/4044 Riset Akuntansi dan Keuangan Indonesia; Vol. 9 No. 1 (2024): Riset Akuntansi dan Keuangan Indonesia; 125-137 2541-6111 1411-6510 eng https://journals2.ums.ac.id/index.php/reaksi/article/view/4044/1521 Copyright (c) 2024 Riset Akuntansi dan Keuangan Indonesia https://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | Capital Structure Firm Size Firm Value Investment Decisions Profitability Tubastuvi, Naelati Yuswandani, Arafah Esa Fitriati, Azmi Darmawan, Akhmad Jaroenwanit, Pensri Profitability As a Moderator: Assessing The Influence of Capital Structure, Investment The Influence of Capital Structure, Investment Decision, And Firm Size On Firm Value |
| title | Profitability As a Moderator: Assessing The Influence of Capital Structure, Investment The Influence of Capital Structure, Investment Decision, And Firm Size On Firm Value |
| title_full | Profitability As a Moderator: Assessing The Influence of Capital Structure, Investment The Influence of Capital Structure, Investment Decision, And Firm Size On Firm Value |
| title_fullStr | Profitability As a Moderator: Assessing The Influence of Capital Structure, Investment The Influence of Capital Structure, Investment Decision, And Firm Size On Firm Value |
| title_full_unstemmed | Profitability As a Moderator: Assessing The Influence of Capital Structure, Investment The Influence of Capital Structure, Investment Decision, And Firm Size On Firm Value |
| title_short | Profitability As a Moderator: Assessing The Influence of Capital Structure, Investment The Influence of Capital Structure, Investment Decision, And Firm Size On Firm Value |
| title_sort | profitability as a moderator assessing the influence of capital structure investment the influence of capital structure investment decision and firm size on firm value |
| topic | Capital Structure Firm Size Firm Value Investment Decisions Profitability |
| topic_facet | Capital Structure Firm Size Firm Value Investment Decisions Profitability |
| url | https://journals2.ums.ac.id/index.php/reaksi/article/view/4044 |
| work_keys_str_mv | AT tubastuvinaelati profitabilityasamoderatorassessingtheinfluenceofcapitalstructureinvestmenttheinfluenceofcapitalstructureinvestmentdecisionandfirmsizeonfirmvalue AT yuswandaniarafahesa profitabilityasamoderatorassessingtheinfluenceofcapitalstructureinvestmenttheinfluenceofcapitalstructureinvestmentdecisionandfirmsizeonfirmvalue AT fitriatiazmi profitabilityasamoderatorassessingtheinfluenceofcapitalstructureinvestmenttheinfluenceofcapitalstructureinvestmentdecisionandfirmsizeonfirmvalue AT darmawanakhmad profitabilityasamoderatorassessingtheinfluenceofcapitalstructureinvestmenttheinfluenceofcapitalstructureinvestmentdecisionandfirmsizeonfirmvalue AT jaroenwanitpensri profitabilityasamoderatorassessingtheinfluenceofcapitalstructureinvestmenttheinfluenceofcapitalstructureinvestmentdecisionandfirmsizeonfirmvalue |