Asian Journal of Management, Entrepreneurship and Social Science
Vol. 2 No. 02 (2022): May, Asian Journal of Management, Entrepreneurship and Social Science

The Impact of Firm Value on Capital Structure, Profitability, and Firm Size

Sri Yuli Waryati (Universitas Janabadra)
Fathonah Eka Susanti (Janabadra University, INDONESIA)
Sarastuti Wahyuningrum (Janabadra University, INDONESIA)



Article Info

Publish Date
02 May 2022

Abstract

The purpose of this study is to determine the impact of capital structure, profitability, and firm size on firm value. The population of this study was 181 companies in the manufacturing sector, from which samples were taken using the purposive sampling method to obtain 77 sample companies for 4 years of observation from 2016 to 2019 with 308 observations. The research data came from sample companies downloaded from the Indonesia Stock Exchange's website. The research method employed is the classical assumption test in the form of a multicollinearity and heteroscedasticity test, as well as a multiple regression analysis of panel data with a fixed effect test that has been declared feasible (goodness of fit). According to the findings of this study, capital structure, profitability, and firm size all have a significant positive effect on firm value.Keywords: Capital Structure, Profitability, Firm Size, Firm Value

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Journal Info

Abbrev

ajmesc

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Asian Journal of Management, Entrepreneurship and Social Science (AJMESC) is a high quality open access peer reviewed research journal. providing a platform for the researchers, academicians, professional, practitioners and students to impart and share knowledge in the form of high quality empirical ...