The Effect of Investment Opportunity Set and Company Growth on Firm Value: Capital Structure as an Intervening Variable
| Main Authors: | CHABACHIB, Mochammad, HERSUGONDO, Hersugondo, SEPTIVIARDI, Disha, PAMUNGKAS, Imang Dapit |
|---|---|
| Format: | Article PeerReviewed application/pdf |
| Bahasa: | eng |
| Terbitan: |
, 2020
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| Subjects: | |
| Online Access: |
https://eprints2.undip.ac.id/id/eprint/2168/1/121116_Chabachib_2020_E_R.pdf https://eprints2.undip.ac.id/id/eprint/2168/ |
Daftar Isi:
- This study aims to analyse the effect of firm size, investment opportunity set, sales growth on firm value and capital structure. This study uses secondary data collected from Bloomberg financial data and the Indonesian Stock Exchange website. The data used is in the form of manufacturing company financial statement data during 2014-2018. There are 167 manufacturing companies in Indonesia. The sampling method used in this study was purposive sampling. 120 samples were analysed using multiple linear regression analysis. Based on the results of hypothesis testing, firm size and sales growth have a positive and significant effect on capital structure. Investment opportunity set has a significant negative effect on capital structure. Firm size, investment opportunity set, and capital structure have a significant positive effect on firm value. Variable sales growth does not have a significant negative effect on firm value. In this study, capital structure can only mediate firm size to firm value.