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Journal : Jurnal Manajemen Bisnis dan Keuangan

Karakteristik Dewan terhadap Struktur Modal dan Dampaknya terhadap Nilai Perusahaan Manufaktur Syariah Aldiansyah, Aldiansyah; Mai, M. Umar; Marwansyah, Marwansyah
Jurnal Manajemen Bisnis dan Keuangan Vol 4 No 1 (2023): April 2023
Publisher : https://jurnal.binamandiri.ac.id/

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51805/jmbk.v4i1.110

Abstract

Capital structure and firm value have long been developed by a large number of researchers, but no agreement has been reached. One of the keys to optimizing organizational resources is board diversity. Having a well-diversified board influences company performance. An independent and effective board increases the quality and quantity of information provided by insiders to the public and therefore reduces adverse selection costs. This study aims to determine the effect of board characteristics on the capital structure of Islamic manufacturing companies in Indonesia and their impact on firm value. The analytical method used is multiple linear regression using panel data. The independent variables analyzed in this study are the number of directors, the number of commissioners, the number of independent commissioners, and the number of female directors, while the dependent variable is leverage as measured using the debt to asset ratio, which is then tested again on firm value as the dependent variable. as measured using Tobin's Q. The research results show that the number of the Board of Directors has no effect on the capital structure, the number of the Board of commissioners has a positive and significant effect on the capital structure, the number of independent commissioners has an effect positively and significantly to capital structure, the number of female board of directors has a negative and significant effect on capital structure, and capital structure has a positive effect on firm value.
Co-Authors Abun Abun Afryadi, Hery Agustina, Fournita Anggarawati, Sari Anna Fitriani Ansari, Teuku Syahrul Armansyah Armansyah Arsa, Daniel Asmanur Jannah Awaliyah, Nabilah Nailah Azimi, Muhammad Habibi Badruttamam, M.Kaka Mahfud Devi Mulia Sari Dwi Prakoso, Dimas Endah Komalasari Endah Komalasari, Endah Farah Erika Farsya Fadillah Willyanissa Fatoni, Fatoni Febriyanti, Putri Reska Femia, Femia Firmansyah Firmansyah Galuh Saputri Gemilang, Kharisma Gultom, Walman Habibillah, Farel Hanifah, Asma Laili Herliawan, Aditya Ilma, Intan Nur Irawan, Muhammad Farid Joko Suwarno Junaidi Arsyad, Junaidi Karim, Khoirul Kiki Haetami Kurniawan, Sandy Lathifah, Anisah Dwi Lestari, Catur Sri Linar Humaira M. Naser, Nadillah Ubaid Mahludin H. Baruwadi Mai, M. Umar Mardiansyah, Alief Mario Kristianto Triputra Sihombing Marwansyah, Marwansyah Maulana, Irfan Rizky Mohamad Firdaus Muhammad Habibi Mukti, Abd Muttaqien, Nurul Muttaqin, Muhammad Rijal Neri, Septia Nugraha, Ganjar NURUL RAHMAWATI OK, Azizah Hanum Osea Zebua Pasa, Jessica Indriyani Pratama, Rega Andira Putri, Aorenza Delviana Ramdahani, Intan Sari Ratna Santi, Ratna Riska, Awalia Khalifatur Rizki, Fathan Hadyan Rizky Ardiansyah Putra, M. Rosiana, Agista Rudi Rudi Saleh, Zulkiffli sapri sapri Saputra, Eka Kurnia Shela Inri, Yhona SURTININGSIH, SURTININGSIH Susilawati, Feri Syaiful Alam Syauqi, Wildan Akhmad Taher, Hajir Taraju, Nila Tin Utami Usiono Usiono Wahyu Ramadhan Yosi Apriani, Yosi Yuliana Bakari Yuliananta, Wahyu Dwi Zoel Fachri ‘Ilmi BR, Arrasikhu Fil