Fajar, Aulia
Jurnal Tepak Manajemen Bisnis

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

ANALISIS PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN DAN LEVERAGE OPERASI TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING (STUDI KASUS PADA PERUSAHAAN SUBSEKTOR PERKEBUNAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2012-2016) Fajar, Aulia; Hasan, Amir; Gusnardi, Gusnardi
Jurnal Tepak Manajemen Bisnis Vol 10, No 4 (2018)
Publisher : Jurnal Tepak Manajemen Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The main purpose of a company is to enhance the wealth of the ownerby maximizing firm’s value. But the failure to formulating a suitable strategyregarding the factors that affecting firm’s value often became the main cause thata company fail to maximizing it’s value. This research was conducted to analyzethe effect of profitability, firm’s size and operating leverage on firm’s value and todetermine wether capital structure is capable to mediate that effect. Thepopulation of this study are the plantation company that listed in Indonesia StockExchange (IDX), 10 samples was choosen with purposive sampling method. Thecriteria for the sampling method was that the company must be listed in IndonesiaStock Exchange during 2012-2016 period. Path analysis was used as the dataanalysis technique and SPSS as the data analysis software. The Researchconcluded that profitability and capital structure significantly affect firm’s value.Meanwhile, firm’s size and operating leverage had negative but insignificanteffect to firm’s value. Profitability and operating leverage showed negative andsignificant effect to capital structure. The mediating effect was shown by capitalstructure to the effect of profitability towards firm’s value but not for the effect offirm’s size and operating leverage for firm’s value.