Jurnal Multidisiplin Madani (MUDIMA)
Vol. 3 No. 6 (2023): June, 2023

An Analysis of Capital Structure, Stock Ownership Structure, and Profitability as Intervening Variables in Firm Value Testing

Ni Komang Septia Noriska (Unknown)
Mehilda Rosdaliva (Unknown)
Marcelinus Anggun Dananto Kuncorojati (Unknown)



Article Info

Publish Date
30 Jun 2023

Abstract

Value is one metric that identifies a company's sustainability. Financing assets or paying off a company's debt are two alternatives to the capital structure and stock ownership structure. Businesses can also use profitability indicators to decide whether a capital structure is necessary and how much stock should be owned. The purpose the The link between capital structure and return, as well as the profitability of capital structure for each of these attributes on equity, were examined and empirically established in this study. business value. Manufacturing firms registered on the Indonesia Stock Exchange between 2014 and 2016 made up the sample population for this study. Additionally, the sample used for the 2014–2016 period included 10 manufacturing firms in the food and beverage subsector. Descriptive analysis and partial least squares (PLS) data analysis were the methods employed in this investigation. Indicators were also included as sub-variables affected by latent variables in a reflective model. The measurement model testing also made use of the outer and inner models. The study's findings showed that the latent variable of profitability is significantly influenced by the ownership structure of stocks and the capital structure. Furthermore, there is a connection between the latent variables of corporate value and profitability. the latent variables of business value or capital structure, however, are unaffected by the stock ownership structure

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Journal Info

Abbrev

mudima

Publisher

Subject

Civil Engineering, Building, Construction & Architecture Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences

Description

Journal Description Jurnal Multidisiplin Madani (MUDIMA) adalah adalah jurnal multidisiplin yang diterbitkan oleh Formosa Publisher. Jurnal Multidisiplin Madani (MUDIMA) terbit setiap bulan (monthly). Jurnal Multidisiplin Madani (MUDIMA)merupakan jurnal peer review, open access, dan ilmiah yang ...