PENGARUH GROWTH OPPORTUNITY DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING

EJurnal Manajemen Pub Date : 2022-10-30 DOI:10.51903/manajemen.v2i2.183

Hasmaynelis Fitri, Zigo Triansyah, Ramdani Bayu Putra, Bayu Pratama Azka

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Abstract

This study aims to determine how the effect of Growth Opportunity, Liquidity on Firm Value with Capital Structure as an intervening variable. The population in this study are companies in the manufacturing sector listed on the Indonesia Stock Exchange for the period 2016-2020. While the sample in this study was obtained using purposive sampling method so that 30 companies were obtained as samples. The type of data used is secondary data taken through www.idx.co.id. The data analysis method used is panel data regression analysis. Based on the results of the study, it was concluded that partially, Growth Opportunity had a negative and significant effect on Capital Structure. Partially Liquidity has a negative and significant effect on the Capital Structure. Partially, Growth Opportunity has no effect on Firm Value. Partially, liquidity has a positive and significant effect on firm value. Partially, the capital structure has no effect on firm value. Capital structure cannot mediate the effect of Growth Opportunity on Firm Value. Capital structure can mediate the effect of liquidity on firm value

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增长机会和流动性对资本结构为变量干预的企业价值的影响

本研究以资本结构为中介变量，探讨成长机会、流动性对企业价值的影响。本研究中的人口是2016-2020年期间在印度尼西亚证券交易所上市的制造业公司。而本研究的样本是采用有目的的抽样方法获得的，总共有30家公司作为样本。使用的数据类型是通过www.idx.co.id获取的辅助数据。采用的数据分析方法为面板数据回归分析。研究结果表明，成长机会对资本结构具有显著的负向影响。部分流动性对资本结构有显著的负向影响。部分地，成长机会对企业价值没有影响。在一定程度上，流动性对企业价值有显著的正向影响。在一定程度上，资本结构对企业价值没有影响。资本结构不能中介成长机会对企业价值的影响。资本结构可以中介流动性对企业价值的影响

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来源期刊

EJurnal Manajemen

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审稿时长

24 weeks