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Pengaruh Struktur Modal Terhadap Nilai Perusahaan Property Real Estate Yang Terdaftar Di Bursa Efek Indonesia Eros Rosmiati; Maya Sova; Putri Eka Maya Kartini
JURNAL ADMINISTRASI & MANAJEMEN Vol 13, No 2 (2023): Jurnal Administrasi dan Manajemen
Publisher : Universitas Respati Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52643/jam.v13i2.3170

Abstract

Penelitian ini bertujuan untuk dapat mengetahui adanya pengaruh struktur modal terhadap nilai perusahaan (Price to Book Value).Objek penelitian ini menggunakan perusahaan sektor property real estate yang terdaftar di Bursa Efek Indonesia tahun 2017-2020. Populasi yang terdapat dalam objek penelitian sebanyak 63 perusahaan.Metode pemilihan sampel menggunakan purposive sampling. Sampel yang diperoleh setelah diseleksi sebanyak 30 perusahaan dengan periode pengamatan tahun 2017 – 2020, jumlah sampel keseluruhan sebanyak 120 sampel. Hasil penelitian ini menunjukkan bahwa struktur modal secara parsial memiliki pengaruh signifikan terhadap nilai perusahaan dengan nilai probability 0.0000 < 0.05.Kata Kunci : Struktur modal, nilai perusahaan, property real estate
Coal prices as a dominant factor in stock return models: an empirical study of coal mining companies on the indonesia stock exchange Sri Retnaning Sampurnaningsih; Arum Indrasari; Maya Sova; Luqman Hakim
JPPI (Jurnal Penelitian Pendidikan Indonesia) Vol. 11 No. 3 (2025): JPPI (Jurnal Penelitian Pendidikan Indonesia)
Publisher : Indonesian Institute for Counseling, Education and Theraphy (IICET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29210/020256089

Abstract

This study aims to analyze and address the inconsistencies in previous research results and explain the phenomenon of Market Appreciation that differs from the theory of Efficient Capital Markets. This is what prompted the researcher to do this by using a combination of time series and cross-sectional data. This type of research is quantitative with a multiple regression analysis method of panel data with a sample of 25 coal mining sub-sector companies listed on the Indonesia Stock Exchange (IDX) for seven years. The formula in this study, maximizes the value of Market Appreciation through the Company's Capital Structure as an intervening variable and by using companies on the IDX as the research object. Two research models are integrated into one and each through model selection testing, Chow Test, Hausman Test, and Lagrange Multiplier Test. The results of the first research model; that the interest rate is the dominant variable that is most sensitive to impacting capital structure, while the results of the second research model; that market appreciation is largely determined by the dominant exogenous variable that is most sensitive to coal prices. It is hoped that these results can be a reference for investors on the Indonesia Stock Exchange to maximize stock returns.