JURNAL ILMIAH MANAJEMEN & BISNIS
Vol 21, No 2 (2020): Oktober - Maret

Determinan Struktur Modal dan Nilai Perusahaan

Mukmin Pohan (Universitas Muhammadiyah Sumatera Utara)
Maya Sari (Universitas Muhammadiyah Sumatera Utara)
Adi Munasib (Universitas Muhammadiyah Sumatera Utara)
Radiman Radiman (Universitas Muhammadiyah Sumatera Utara)



Article Info

Publish Date
28 Oct 2020

Abstract

The purpose of this study is to formulate a determinant model of capital structure and firm value. The population of this study is the tourism industry sector companies listed on the Indonesia Stock Exchange for the period 2013-2018. In this study the entire population is sampled (Total Sampling). Data collection procedures by collecting audited (annual report) financial report data issued by the Indonesia Capital Market Directory (ICMD). The data analysis technique used is path analysis. The results showed that partially profitability, institutional ownership and firm size had a significant effect on capital structure while company growth had no significant effect on capital structure. Simultaneously the profitability variables, institutional ownership, company growth and company size affect the capital structure. Partially profitability, institutional ownership, company size and capital structure have a significant effect on firm value, while company growth does not significantly influence firm value Simultaneously profitability, Institutional ownership, company size, company growth and capital structure have a significant effect on company value in the sector tourism industry.

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Journal Info

Abbrev

mbisnis

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

Jurnal Ilmiah Manajemen dan Bisnis, published by the Departement Management, Faculty of Economics and Business, University of Muhammadiyah Sumatera Utara (UMSU), Medan, North Sumatra, Indonesia, which includes articles on the scientific research field of Management Sciences, includes the results of ...