Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : INOVASI: Jurnal Ekonomi, Keuangan, dan Manajemen

Capital structure and company growth to profitability and value of manufacturing companies Sanica, I Gede; Suidarma, I Made; Sumantri, I. GA. Alit; Ayu, Putu Cita; Marsudiana, I Dewa Nyoman
INOVASI: Jurnal Ekonomi, Keuangan, dan Manajemen Vol. 19 No. 4 (2023): November
Publisher : Fakultas Ekonomi dan Bisnis Universitas Mulawarman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30872/jinv.v19i4.2486

Abstract

This study aims to evaluate and analyze the impact of growth and the relationship between capital structure and company growth with profitability and company value in the context of manufacturing companies listed on the Indonesia Stock Exchange. The data used are secondary in the form of debt-to-equity ratio, return on equity, and price book value. The data is sourced from the financial statements of manufacturing companies listed on the Indonesia Stock Exchange for 2019-2022 with a sample of 28 manufacturing companies. Data analyzed using a path analysis model is used to analyze the pattern of relationships between variables to determine the influence of the independent variable on the dependent variable. The results showed that the influence of the variable debt to equity ratio on return on equity was significant, the effect of the variable of company growth on profitability return on equity was significant, the influence of the variable capital structure debt to equity ratio to the value of the company price book value was insignificant, the influence of the variable of company growth on the value of the company was not significant,  and the effect of profitability variables on company value is significant. The originality lies in the comprehensive merging of two important aspects in the management of the enterprise: factors that affect profitability and factors that affect the value of the company. It not only identifies problems and challenges that the company may face but also provides a set of concrete solutions and actions to be taken to address those problems. In addition, it emphasizes the importance of integrating financial and operational aspects in growth planning and risk management. Thus, it can create a balanced framework to help companies achieve sustainable profitability and optimal long-term value
Co-Authors ., NI PUTU YENI YULIANTARI Abd. Rasyid Syamsuri Adek Ayu Susatari Milenia Apsari, Ni Made Tina Budi, I Made Agus Setia Cokorda Gde Bayu Putra Febriari Ni Putu Pande Gusti Alit Suputra Gusti Ayu Agung Anik Pramiari Dewi Gusti Ayu Kade Ratih Gusti Ayu Widhi Antari Hurnaleontina, Putu Nuniek I Gede Apriana I Gede Aryana Mahayasa I Gede Sanica I Kadek Adi Kresna Cakra Wibawa I Kadek Agus Widiatmika I Kadek Deni Arta I Made Sadha Suardikha I Made Suidarma I Nyoman Thegar Suryanatha I Putu Agus Awan Setiyawan I Putu Fery Karyada I Putu Fery Karyada I Putu Nuratama I Wayan Suartina I Wayan Sudiana Ida Ayu Arik Anggari Putri Ida Ayu Mega Evia Lestari Ida Bagus Ananda Narayana Kadek Dewi Padnyawati Kadek Sinta Prameswari Kusuma Dewi, Putu Arista Kusumawati, Ni Putu Ayu Luh Ade Dwi Wahyuni Made Arya Dyasti Pertiwi Marsudiana, I Dewa Nyoman Mulyawati, Dewa Ayu Made Ni Kadek Dinda Artha Dharmayanti Ni Kadek Dinda Loveli Ni Kadek Gino Melinda Ni Kadek Puspita Dewi Ni Ketut Ary Sedani Ni Ketut Muliati Ni Komang Nita Pebriyani Ni Komang Sumadi Ni Luh Devi Srikasih Ni Luh Heppy Monika Santya Dewi Ni Luh Putu Sandrya Dewi Ni Luh Widya Pebriantari Ni Made Kertiani Ni Made Kusumayanti Ni Made Tia Purnama Dewi Ni Made Wisni Arie Pramuki Ni Nyoman Adityarini Abiyoga Vena Swara Ni Putu Ari Yani Ni Putu Ayu Kusumawati Ni Putu Cantik Lediana Putri NI PUTU MARIANI Ni Putu Novi Ayu Antari Ni Putu Septia Purnama Putri Ni Putu Trisna Windika Pratiwi Ni Putu Trisna Windika Pratiwi Ni Putu Yeni Yuliantari Ni Wayan Ary Astini Ni Wayan Sinta Sunetri NI WAYAN YUNIASIH Paramita, Ni Putu Eka Rahayu Prabandari, I Gusti Agung Ayu Intan Pramuki, Ni Made Wisni Arie Pratiwi, Ni Putu Trisna Windika Putu Arix Pratiwi Putu Ariyati Apsari Putu Nuniek Hutnaleontina Rai Dwi Andayani W Sumantri, I. GA. Alit Wati, Ni Putu Eka Yanthi, Ni Putu Risma