Pengaruh struktur modal, kebijakan utang, dan kepemilikan manajerial terhadap nilai perusahaan dengan profitabilitas sebagai variabel moderasi

Afifah, Liana Nur and Prajawati, Maretha Ika ORCID: https://orcid.org/0000-0002-3084-4031 (2022) Pengaruh struktur modal, kebijakan utang, dan kepemilikan manajerial terhadap nilai perusahaan dengan profitabilitas sebagai variabel moderasi. Jurnal Ilmiah Mahasiswa Ekonomi Manajemen, 7 (4). pp. 901-911. ISSN 2598635X

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Abstract

The purpose of this study is to determine the effect between capital structure, debt policy, and managerial ownership on firm value with profitability as a moderating variable. The sample in this study is Consumer Non Cyclical sector listed in the IDX for 2017-2021. Sample is taken using purposive sampling method consisting of 35 samples with 7 companies. Data were analyzed using multiple linear regression statistical tests and MRA using SPSS software version 25. The results showed that capital structure, debt policy, and managerial ownership has negative effect on firm value. Then profitability is able to moderate the relationship between managerial ownership and company value. While the capital structure and debt policy of the company's value is not able to be moderated by profitability.

Item Type:	Journal Article
Keywords:	capital structure; debt policy; managerial ownership; firm value; profitability
Subjects:	14 ECONOMICS > 1402 Applied Economics > 140207 Financial Economics
Divisions:	Faculty of Economics > Department of Management
Depositing User:	Maretha Ika Prajawati
Date Deposited:	15 May 2023 09:27

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