The Effects of Profitability, Growth, and Size on Company Value With Capital Structure as Control Variable
Robby Dharma, Letnan Dalimunthe, Arbiuddin Syahputra Hakim Harahap, Susriyanti, Sartika Putri Rahayu
Available Online 29 June 2020.
- https://doi.org/10.2991/aebmr.k.200626.074How to use a DOI?
- Profitability, Growth, Size, Capital Structure, Company Value
- This study intended to reveal the effects of profitability, growth, and company size on company value, with capital structure as control variable, among manufacturing companies listed on the Indonesia Stock Exchange (IDX). This study used 165 manufacturing companies listed on IDX from 2013 to 2017 as samples. These samples were determined by using the purposive sampling method, in order to obtain 51 companies and 255 number of sample data. Data analysis technique used was the multiple regression analysis of data panels using Eviews 9. The selection of data panel model used in this study was the Fixed-Effect Model (FEM). The partial results of this study show that the profitability had a positive and significant effect on Company Value. Growth had a negative but not significant effect on Company Value. Company Size had a negative and significant effect on Company Value. Meanwhile, Profitability, Growth, and Size, with Capital Structure as Control Variable, simultaneously had a positive and significant effect on Company Value.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Robby Dharma AU - Letnan Dalimunthe AU - Arbiuddin Syahputra Hakim Harahap AU - Susriyanti AU - Sartika Putri Rahayu PY - 2020 DA - 2020/06/29 TI - The Effects of Profitability, Growth, and Size on Company Value With Capital Structure as Control Variable BT - Proceedings of the 8th International Conference on Entrepreneurship and Business Management (ICEBM 2019) UNTAR PB - Atlantis Press SP - 439 EP - 445 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200626.074 DO - https://doi.org/10.2991/aebmr.k.200626.074 ID - Dharma2020 ER -