PROFITABILITY, GROWTH OPPORTUNITY, CAPITAL STRUCTURE AND THE FIRM VALUE

PROFITABILITY, GROWTH OPPORTUNITY, CAPITAL STRUCTURE AND THE FIRM VALUE

This paper examines the influence of profitability, growth opportunity, and capital structure on firm value. We apply Structural Equation Model (SEM) on 150 listed companies on the Indonesia Stock Exchange during 2006 to 2010. The result shows that profitability, growth opportunity and capital struc...

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Bibliographic Details
Main Author: Sri Hermuningsih
Format: Article
Language:Indonesian
Published: Bank Indonesia 2014-04-01
Series:Bulletin Ekonomi Moneter dan Perbankan
Online Access:https://www.bmeb-bi.org/index.php/BEMP/article/view/440
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spelling doaj-696bd82af8ed46f292d042b0d5eaf8d32020-11-24T21:12:41ZindBank IndonesiaBulletin Ekonomi Moneter dan Perbankan1410-80462460-91962014-04-0116211513610.21098/bemp.v16i2.440440PROFITABILITY, GROWTH OPPORTUNITY, CAPITAL STRUCTURE AND THE FIRM VALUESri HermuningsihThis paper examines the influence of profitability, growth opportunity, and capital structure on firm value. We apply Structural Equation Model (SEM) on 150 listed companies on the Indonesia Stock Exchange during 2006 to 2010. The result shows that profitability, growth opportunity and capital structure positively and significanctly affect the company’s value. Secondly, the capital structure intervene the effect of growth profitability on company’s value, but not for profitability.   Keywords: profitability, growth opportunitiy, capital structure, firm value, SEM. JEL Classification: C51, G32, L25https://www.bmeb-bi.org/index.php/BEMP/article/view/440
collection DOAJ
language Indonesian
format Article
sources DOAJ
author Sri Hermuningsih
spellingShingle Sri Hermuningsih
PROFITABILITY, GROWTH OPPORTUNITY, CAPITAL STRUCTURE AND THE FIRM VALUE
Bulletin Ekonomi Moneter dan Perbankan
author_facet Sri Hermuningsih
author_sort Sri Hermuningsih
title PROFITABILITY, GROWTH OPPORTUNITY, CAPITAL STRUCTURE AND THE FIRM VALUE
title_short PROFITABILITY, GROWTH OPPORTUNITY, CAPITAL STRUCTURE AND THE FIRM VALUE
title_full PROFITABILITY, GROWTH OPPORTUNITY, CAPITAL STRUCTURE AND THE FIRM VALUE
title_fullStr PROFITABILITY, GROWTH OPPORTUNITY, CAPITAL STRUCTURE AND THE FIRM VALUE
title_full_unstemmed PROFITABILITY, GROWTH OPPORTUNITY, CAPITAL STRUCTURE AND THE FIRM VALUE
title_sort profitability, growth opportunity, capital structure and the firm value
publisher Bank Indonesia
series Bulletin Ekonomi Moneter dan Perbankan
issn 1410-8046
2460-9196
publishDate 2014-04-01
description This paper examines the influence of profitability, growth opportunity, and capital structure on firm value. We apply Structural Equation Model (SEM) on 150 listed companies on the Indonesia Stock Exchange during 2006 to 2010. The result shows that profitability, growth opportunity and capital structure positively and significanctly affect the company’s value. Secondly, the capital structure intervene the effect of growth profitability on company’s value, but not for profitability.   Keywords: profitability, growth opportunitiy, capital structure, firm value, SEM. JEL Classification: C51, G32, L25
url https://www.bmeb-bi.org/index.php/BEMP/article/view/440
work_keys_str_mv AT srihermuningsih profitabilitygrowthopportunitycapitalstructureandthefirmvalue
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