<![CDATA[This research aims to investigate the influence of profitability, firm"™s size, and dividend payout ratio towards firm"™s value with the capital structure as the intervening variable. The samples employed were the manufacturing companies registered in Indonesia Stock Exchange from 2016-2018. The statistic method used to investigate the hypothesis was a path analysis. The result of the hypothesis investigation proved that the profitability brought significant negative influence towards capital structure, the firm"™s size and dividend payout ratio brought insignificant influence towards capital structure; the profitability, firm"™s size, dividend payout ratio, and capital structure brought significant positive influence towards the firm"™s value. On the other hand, the intervening testing results proved that the capital structure intervened in the influence of the profitability towards the firm"™s value, and the capital structure did not intervened in the influence of the firm"™s size and dividend payout ratio towards the firm"™s value. Being able to pick stocks with profitability value and high dividend payout ratio and choosing a large-scale company are the research implications for investors to scale up the firm"™s value. Furthermore, companies can increase profitability, pay higher dividend, and choose a large-scale company by balancing the capital structure, so that firm"™s value increases.]]>
Copyrights © 2020
