Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences
Vol 5, No 1 (2022): Budapest International Research and Critics Institute February

The Influence of Fundamental and Macroeconomic Factors on Firm Value with Capital Structure as a Moderating Variable

Suhono Suhono (Unknown)
Nugraha Nugraha (Unknown)
Disman Disman (Unknown)
Maya Sari (Unknown)



Article Info

Publish Date
07 Feb 2022

Abstract

This study aims to examine fundamental factors, namely Debt of Equity Ratio (DER), Net Profit Margin (NPM) and Return on Equity (ROE), macroeconomic factors, namely inflation and exchange rates on firm value on the Indonesia Stock Exchange and using capital structure as a moderating variable. This study uses a quantitative approach with an explanatory research method, data analysis uses the conditional process initiated by Hayes, the research data is used for 10 years, namely during the years 2008-2017. The results show that the capital structure can moderate the effect of DER on firm value. Comparison with other research results in Indonesia shows that there is an inconsistency in the influence of fundamental and macroeconomic factors on firm value. This research provides an academic contribution to conduct quantitative financial management studies from both fundamental and macroeconomic aspects.

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Journal Info

Abbrev

birci

Publisher

Subject

Religion Arts Humanities Economics, Econometrics & Finance Social Sciences

Description

Budapest International Research and Critics Institute (BIRCI-Journal) : Humanities and Social Sciences is a peer-reviewed journal published in February, May, August and November by Budapest International Research and Critics University Journal (BIRCU-Journal). BIRCI welcomes research papers in ...