Jurnal STEI Ekonomi
Vol 28 No 01 (2019): [Jurnal STEI Ekonomi - JEMI] Vol. 28 No. 01 (Juni - 2019)

Pengaruh Struktur Modal dan Pertumbuhan Perusahaan terhadap Nilai Perusahaan dengan Profitabilitas Sebagai Variabel Intervening

Fitri Amelia (Unknown)
Muhammad Anhar (Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta)



Article Info

Publish Date
03 Jun 2019

Abstract

The purpose of this study was to determine whether the capital structure and growth of the company significantly affect the value of the company with profitability as an intervening variable in mining companies listed on the Indonesia Stock Exchange 2013-2017. Capital structure is proxied using the Debt-to-Equity Ratio (DER), Company growth is proxied using the calculation of Changes in Total Assets, Profitability is proxied using Return On Equity (ROE) and Company Value is proxied using Price to Book Value (PBV). By using purposive sampling technique, the sample used in this study amounted to 33 companies from a population of 41 companies and the research period was 5 years. This causal-comparative research uses panel data with documentation or archive data collection techniques from the Indonesian Capital Market Electronic Library. The analysis technique in this study uses Path Analysis. This study shows the results that capital structure has a significant effect on profitability and firm value, firm growth has no significant effect on profitability and firm value and profitability has no significant effect on firm value. Then Profitability is not able to mediate the effect of Capital Structure on Firm Value, but is able to mediate the effect of Company Growth on Firm Value

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Journal Info

Abbrev

JEMI

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Jurnal STEI Ekonomi has been published by the Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta. JEMI published two times a year in June and December. Jurnal STEI Ekonomi (JEMI) focuses on issues pertaining empirical investigation on Indonesian economics, accounting and management. JEMI aimed to tie ...