Jurnal Aplikasi Manajemen, Ekonomi dan Bisnis
Vol. 3 No. 1 (2018): Jurnal Aplikasi Manajemen, Ekonomi dan Bisnis

The DETERMINAN NILAI PERUSAHAAN DAN PERAN PEMEDIASI STRUKTUR MODAL DI LIMA NEGARA ASEAN

Muhammad Zacky (Universitas Pancasila Jakarta)
Nurmala Ahmar (STIE Perbanas Surabaya)
JMV Mulyadi (Universitas Pancasila Jakarta)



Article Info

Publish Date
10 Oct 2021

Abstract

The purpose of this study is to determine the determinants of firm value and the role of mediating capital structure in five ASEAN countries. Objects in this study were companies listed on the stock exchanges in Indonesia, Cambodia, Laos, Malaysia and the Philippines in 2014 - 2016. The sampling method used in this study was purposive sampling, resulting in 97 companies. The collected data were analyzed using descriptive and statistical analysis techniques, using the WarpPLS 6.0 and SPSS version 24 programs. The results showed that the profitability and growth opportunity variables affected the capital structure, while the dividend policy had no effect. Variable profitability, dividend policy and capital structure affect the value of the company, while growth opportunity does not affect. Profitability of firm value through capital structure results in partial mediation, growth opportunity on firm value through capital structure produces full mediation and dividend policy on firm value through capital structure produces no mediation. It is recommended for further research to increase the number of respondents, the sample of the company under study, and the indicators of each variable

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Journal Info

Abbrev

JAMEB

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Issues of management, economics, and business have become a hot topic to be discussed and deliberated in this ever changing business world. Therefore, we need a vehicle to accommodate such issues. Based on this background, JAMEB was established to be a forum for discussion of high impact research ...