Effect of liquidity, profitability, and size of companies on firm value

  • R. RESCHIWATI University of Persada Indonesia Yayasan Administrasi Indonesia
  • A. SYAHDINA University of Persada Indonesia Yayasan Administrasi Indonesia
  • S. HANDAYANI University of Persada Indonesia Yayasan Administrasi Indonesia
Palabras clave: Capital structure, Firm size, Liquidity, Profitability. / Estructura de capital, Liquidez, Rentabilidad, Tamaño de la empresa.

Resumen

ABSTRACT

 

This study aims to examine and analyze the effect of liquidity, profitability, the size of the firm and its value in capital structure. The sample in this study was 15 banking companies listed on the Indonesian Stock Exchange in the 2014-2018 period. The method of analysis used was Eviews 8.0 program. The results of this study indicate that liquidity, profitability, and firm size significantly influence capital structure. Capital structure is not a mediator of the influence of liquidity and profitability on firm value, while the capital structure is a mediator of the effect of firm size on firm value.

RESUMEN

 

Este estudio tiene como objetivo examinar y analizar el efecto de la liquidez, la rentabilidad, el tamaño de la empresa y su valor en la estructura de capital. La muestra en este estudio fueron 15 compañías bancarias que cotizan en la Bolsa de Indonesia en el período 2014-2018. El método de análisis utiliza el programa Eviews 8.0. Los resultados de este estudio indican que la liquidez, la rentabilidad y el tamaño de la empresa influyen significativamente en la estructura del capital. La estructura de capital no es un mediador de la influencia de la liquidez y la rentabilidad en el valor de la empresa.

Biografía del autor/a

R. RESCHIWATI, University of Persada Indonesia Yayasan Administrasi Indonesia

Lecturer and Chair at Sekolah Tinggi Ilmu Ekonomi Y.A.I Jakarta Indonesia. Conduct scientific publications in reputable journals Scopus Q2, Q3 and Q4, Copernicus, Google Scholar, Sprott, Myjurnal- Malaysia Citation Center (MCC), RePEc, Econpapers, IDEAS, BASE, Scilit. Become a reviewer of the national journal NOMINAL and the international journal Business and Management Research Journal; reviewer at the national seminar. Interest in research is in behavioral accounting and finance.

A. SYAHDINA, University of Persada Indonesia Yayasan Administrasi Indonesia
Aang Syahdina is Lecturer at Y.A.I School of Economics, Sekolah Tinggi Ilmu Ekonomi YAI, Jakarta, Indonesia (main employee). Interest in economic research in behavioral accounting and finance and research is in banking finance, tax accounting, and cost accounting, and the recording of all the costs incurred in a business in a way that can be used to improve its management.
S. HANDAYANI, University of Persada Indonesia Yayasan Administrasi Indonesia

Master of accounting student at Sekolah Tinggi Ilmu Ekonomi Y.A.I Jakarta Indonesia. Banking officer at PT. Bank Negara Indonesia (Persero). Creating a thesis research model. Interest in research is in banking finance, tax accounting, and cost accounting, and business practice in which were recorded, examined, summarized, and studied the company's cost spent on any process, service, product, or anything else in the organization.

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Publicado
2020-08-19
Cómo citar
RESCHIWATI, R., SYAHDINA, A., & HANDAYANI, S. (2020). Effect of liquidity, profitability, and size of companies on firm value. Utopía Y Praxis Latinoamericana, 25(1), 325-332. Recuperado a partir de https://www.produccioncientificaluz.org/index.php/utopia/article/view/33540
Número
Vol. 25 (2020): Extra 6 [Interlocuciones]
Sección
Artículos