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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 A.A. Gde Putra Pemayun Adyatna Wedananta, Kadek Antara, I Putu Candra Wiguna Arischa Bellanie Adryas Armanid, Aura Astari, Made Leony Milenia Ayu Trisnadewi, Ni Kadek Desak Made Febri Purnama Sari Desak Made Sukarnasih Gusi Putu Lestara Permana Gusti Ayu Putu Manik Rahayuningsih I Dewa Ketut Gede Prabawa I Dewa Nyoman Marsudiana I Dewa Nyoman Marsudiana I Dewa Nyoman Marsudiana I G. A. Desy Arlita I Gede K. Ananta Yoga I Gede Sanica I Gusti Ngurah Putra Suryanata I Kadek Yudha Pramana Putra I Ketut Alit Putra I Ketut Nurcita I Ketut Sudama I Komang Dicky Tri Denis I Made Dwi Aya Praditya I Made Sudiksa I Nyoman Anggaradana I Nyoman Arta Yasa I Nyoman Arta Yasa I Nyoman Arta Yasa I Nyoman Arta Yasa I Nyoman Sunarta I Nyoman Taun I Putu Denny Dwipayana I Wayan Sukadana I Wayan Sunia I Wayan Sunia Ida Ayu Oka Martini K. Ranata Harischandra Kadek Ovy Satyawati Ketut Elly Sutrisni Komang Sri Rahayu Komang Sri Widiantari Komang Sri Widiantari Lestari, Putu Nina Eka Luh Ayu Rsiani Luh Bonita Paramadewi Luh Sri Puspita Dewi Made Arya Segara Wilis Made Kembar Sri Budhi Mahadewi, Ida Ayu Gd. Dian Febby Maharani, Made Diah Pradnya Marsudiana, I Dewa Nyoman Masno, Masno Mila Rahayu Damayanti Ni Kadek Sri Puspayani Ni Ketut Arniti Ni Ketut Elly Sutrisni, Ni Ketut Elly Ni Komang Puspita Astari Ni Luh Ayu Sri Antini Ni Nyoman Afrita Ni Nyoman Sunariani Ni Putu Alia Putri Pradnyani Ni Putu Linda Kusumawati Ni Putu Nina Eka Lestari Ni Wayan Lasmi Noviyanti, Ni Putu Ratih Nuraga, Ketut Nyoman Djinar Setiawina Prawitasari, Putu Putu Cita Ayu Rifqi Nur Fakhrurozi Sugara Yasa, I Wayan Sumantri, I. GA. Alit Suoth, Verrel Renaldy Suriana, I Wayan Widiantara, I Made Yasa, I Wayan Sugara Yoga, I Wayan Suprapta Yundari, Yundari