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PENGARUH LIKUIDITAS TERHADAP NILAI PERUSAHAANMELALUI STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR DI INDONESIA M. Sholihun

Publisher : Fakultas Agama Islam Universitas Yudharta Pasuruan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35891/muallim.v1i2.1630

Abstract

This study attempts to answer some questions around liquidity that affect the Capital Structure and corporate value in the Indonesia Stock Exchange. The analysis is done in stages by placing the capital structure as intervening variable. The purpose of this study is to examine the influence of liquidity on capital structure and corporate value. The basic theories used to support this research are two established financial theories, namely agency theory and capital structure theory. This study uses a sample of companies in the manufacturing industry whose shares are actively traded on the Indonesia Stock Exchange. The data used is data pooling, the cross section data and time series data, the period 2010 to 2014. Sampling by purposive sampling, while the analysis technique using phat analysis. First result: liquidity has a negative and significant effect on company's capital structure. Second: Liquidity has no significant effect on firm value. Third: The results of capital structure analysis have a significant effect on firm value. Fourth: Liquidity negatively affects firm value through capital structure.