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ANALISA FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN DENGAN PERTUMBUHAN PERUSAHAAN SEBAGAI INTERVENING Dewi Widiarti; Ratih Andriani; Rita Yunita Resmi
JURNAL AKUNTANSI DAN SISTEM INFORMASI Vol 6 No 1 (2025): Edisi Februari 2025
Publisher : Program Studi Akuntansi Fakultas Ekonomika dan Bisnis Universitas Majalengka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31949/j-aksi.v6i1.12805

Abstract

Perusahaan barang konsumsi dituntut untuk terus berupaya meningkatkan kekayaan dengan meningkatkan nilai perusahaan karena investor tertarik menanamkan modal ketika nilai perusahaan meningkat. Penelitian ini menyelidiki faktor mengganggu pertumbuhan laba dan nilai perusahaan. Profitabilitas yang diproksikan ROA, variabel likuiditas diproksikan dengan rasio current, dan variable struktur modal diproksikan debt to asset sebagai variable eksogen. Variabel endogen yaitu pertumbuhan perusahaan dan nilai perusahaan dengan intervensi endogen. Teknik pengambilan sampel purposive digunakan sehingga diperoleh 16 perusahaan dalam industri makanan dan minuman. Dalam penelitian ini analisis jalur digunakan. Hasil penelitian menyatakan beberapa faktor memengaruhi nilai bisnis: profitabilitas, pertumbuhan, likuiditas, dan struktur modal. Pertumbuhan bisnis meningkatkan pengaruh profitabilitas terhadap nilai perusahaan, sedangkan pertumbuhan perusahaan menurunkan pengaruh likuiditas dan struktur modal terhadap nilai perusahaan.
Factors Affecting Share Prices With the Role of Capital Structure as Intervening Andriani, Ratih; Rita Yunita Resmi; Dewi Widiarti
Jurnal Teknologika Vol 15 No 1 (2025): Jurnal Teknologika
Publisher : Sekolah Tinggi Teknologi Wastukancana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51132/teknologika.v15i1.435

Abstract

This research aims to analyze the influence of profitability, asset structure, sales growth, and interest rates on stock prices with capital structure as an intervening variable. The research object takes companies that are included in the LQ45 index. The sampling method used is purposive sampling. With the established criteria, 16 companies were obtained as the research sample. The variables used are profitability proxied by Return On Equity (ROE), asset structure, sales growth, interest rates proxied by Bank Indonesia Certificates (SBI), capital structure proxied by Debt to Equity Ratio (DER), and stock price. The data analysis technique used is path analysis.Based on the research results, it shows that partially only profitability affects stock prices. Simultaneously, profitability, asset structure, sales growth, and interest rates together affect stock prices by 12.3%, while profitability, asset structure, sales growth, and interest rates simultaneously affect capital structure by 15.6%. Based on path analysis, capital structure weakens the effect of profitability on stock prices, capital structure weakens the effect of asset structure on stock prices, capital structure weakens the effect of sales growth on stock prices, and capital structure weakens the effect of interest rates on stock prices.