Andarwati Andarwati
Ketua Program Khusus Pengembangan Bahasa Inggris (PKPBI) Dosen Jurusan Bahasa dan Sastra Inggris Fakultas Humaniora dan Budaya, Universitas Islam Negeri (UIN) Malang. Jalan Gajayana No. 50 Telepon (0341) 570872, Faksimile (0341) 570872 Malang 65144

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Journal : IQTISHODUNA

Pengaruh Profitabilitas, Tingkat Pertumbuhan Aktiva, Leverage Operasi, Stabilitas Penjualan terhadap Struktur Modal dan Nilai Perusahaan Agustin, Kety Lulu; Salim, Ubud; Andarwati, Andarwati
IQTISHODUNA IQTISHODUNA (VOL.16, No.1, 2020)
Publisher : Fakultas Ekonomi, UIN Maliki Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (686.388 KB) | DOI: 10.18860/iq.v16i1.7276

Abstract

The purpose of this research is to determine the effect of profitability, asset growth, operating leverage and sales stability on the capital structure and firm value. The company value in this study was published with Tobin Q. The population of this study were all manufacturing companies reported on the Indonesia Stock Exchange for the period 2015-2017. In accordance with the selection criteria, there are 46 filtered sample companies. The analysis technique that used is Partial Least Square (PLS).  The results of hypothesis indicate profitability and sales that are significant to the capital structure while increasing performance and leverage of operations do not have a significant effect on capital structure. Profitability, asset growth, sales stability have a significant effect on firm value while operating leverage does not involve significance to firm value. Profitability and influence of sales have a significant effect on firm value through capital structure, while yield growth and operating leverage are opposite.