Quantitative Economics and Management Studies
Vol. 3 No. 6 (2022)

The Influence of Capital Structure and Management Quality on Firm Value With Capital Expenditure as Moderating Variable in the Primary Consumer Goods Sector on the Indonesia Stock Exchange

Andre Prasetya Willim (Fakultas Ekonomi dan Bisnis, Universitas Widya Dharma Pontianak, Indonesia.)



Article Info

Publish Date
04 Sep 2022

Abstract

The purpose of this study is to determine the effect of capital structure and management quality on firm value and the effect of capital expenditure as a moderating variable on the effect of capital structure and management quality on firm value. The population in this study is the Primary Consumer Goods Sector Companies on the Indonesia Stock Exchange (IDX) from 2016 to 2020, of which there are 92 companies. The sampling technique is purposive sampling, so the research sample is 59 companies. The analysis stages of this study include descriptive statistical analysis, classical assumption testing, multiple linear analysis, correlation coefficient analysis and determination, hypothesis testing, and moderating regression analysis. The results of the study show that capital structure and management quality have a positive effect on firm value, and capital expenditure has a moderating effect that weakens the effect of capital structure on firm value, while capital expenditure has a moderating effect that strengthens the influence of management quality on firm value.

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Journal Info

Abbrev

qems

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Mathematics

Description

Journal of Quantitative Economics and Management Studies (QEMS) is an international peer-reviewed open-access journal dedicated to interchange for the results of high-quality research in all aspects of economics, management, business, finance, marketing, accounting. The journal publishes ...