The Influence Of Profitability And Capital Structure On Company Value In Coal Sub-Sector Mining Companies Registered In Idx For The 2014-2017
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May 31, 2021
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Abstract
This study aims to determine the effect of profitability, liquidity, and capital structure on firm value in coal mining companies listed on the Indonesian stock exchange for the 2014-2017 period. The total population in this study amounted to 21 coal mining companies and after selecting samples using purposive sampling technique, it was obtained 8 companies that will be used as samples in this study . The results showed that capital structure had a negative effect on firm value, profitability had a positive effect on firm value. Meanwhile, the simultaneous results of profitability and capital structure have a significant effect on firm value. The magnitude of the ability of independent variables (profitability, and capital structure) in explaining the variable dependent (the value of the company) is at 85.7% while the remaining 14.3% is determined by other variables not examined in the study of this.
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How to Cite
Yasin, M., & Pramita Studiviany S. (2021). The Influence Of Profitability And Capital Structure On Company Value In Coal Sub-Sector Mining Companies Registered In Idx For The 2014-2017. Enrichment : Journal of Management, 11(2), 516-520. https://doi.org/10.35335/enrichment.v11i2.135
References
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[2] J. Ekonomi, H. T. Hasna, P. Studi, K. Masyarakat, and U. M. Surakarta, “THE EFFECT OF ECONOMIC OPENNESS ON INCOME INEQUALITY AT THE PROVINCE The Effect of Economic Openness on Income Inequality at the Provincial Level in Indonesia , Hanifa Tsany Hasna The Effect of Economic Openness on Income Inequality at the Provincial Leve,” vol. 9, no. 02, pp. 32–35, 2020.
[3] J. Ekonomi, Y. H. Nurhayadi, F. Keguruan, D. Ilmu, and U. S. Dharma, “Analysis of Indonesia ’ s Education Expenditure and Economic Growth , Yusup Herpin Nurhayadi Analysis of Indonesia ’ s Education Expenditure and Economic Growth , Yusup Herpin Nurhayadi,” vol. 9, no. 01, pp. 18–24, 2020.
[2] Brigham and Houston 2001. Profitability of a Series of Policies and Decisions. Fundamental Of Financial Management . Salemba Empat Jakarta
[3] Bambang Riyanto . 1998. Fundamentals of Corporate Expenditures . Issue 4, BPFE. Yogyakarta
[4] Cahyanto, A, S et al. 2014. The Effect of Capital Structure and Profitability on Automotive Companies and their Components listed on the IDX in 2010-2013 . Journal of Business Administration Vol. 11 No. 1. Brawijaya University.
[5] Dwi Retno Wulandari . 2013 . Effect of Profitability, Operating Leverage, and Liquidity on Firm Value with Capital Structure as Intervening. Accounting Analysis Journal. Semarang State University.
[6] Febrianti, M. 2012. Factors Affecting Company Value in the Mining Industry on the Indonesia Stock Exchange . Journal of Business and Accounting Vol. 14 No. 2. Jakarta STIE Trisakti.
[7] Hasnan in Nuzula, et.al 2014. Companies that have not gone public yet, their corporate values are issued by prospective buyers . Gramedia Pustaka Utama Bek asi
[8] Husnan and Pudjiastuti 2006. Basics of Financial Management . UPP AMP YKPN. Yogyakarta
[9] I Putu Sukarya. 2019. Simultaneous Profitability, Leverage, Liquidity Significant influence on Firm Value . E-Journal of Economics, Unud, Vol. 8, No. 1 . U dayana University Bali
[10] Irham Fahmi. 2014. Corporate Financial Management and Capital Markets . Media Discourse Partners. Jakarta.
[11] Leni Yulianti . 2016 . The Effect of Capital Structure and Profitability on Firm Value . Indonesian University of Education .
[12] Martono and Agus Harjito 2005. Financial Management Edition 2 , First Edition, Publisher EKONISIA. Yogyakarta.
[13] Resti Nur Aisyah . 2014. The Effect of Liquidity and Capital Structure on
[14] Company Value in Metal and Mineral Mining Companies listed on the Indonesia Stock Exchange 2009-2013 . Indonesian Computer University
[15] Sulasmiyati . 2016 . Corporate Values are Good Being Businesses Positive Prospects for the Future . Periodical Journal of Scientific Efficiency Vol. 16. No. 02. Sam Ratulangi University. Manado
[16] Suliyanto . 2011 . Applied Econometrics Theory and Applications with SPSS . ANDI. Yogyakarta
[17] Sujoko and Soebintoro. 2007. Effect of Shareholding Structure, Leverage, Factor ntern d an factors external to the Company Values . Journal of Management and Entrepreneurship. Vol. 9. No. 1. March: 41-48
[18] Sumbayak . 2015. The weakening of the world economy has reduced the demand for coal exports
[19] Yusron Hudan . 2016. The Effect of Profitability, Liquidity, and Company Size on Capital Structure in Coal Mining Companies listed on the IDX (Indonesia Stock Exchange) 2011-2015 . Telkom University Faculty of Economics and Business
[20] www.idx.com
I. Pitaloka, “THE EFFECT OF DISCIPLINE AND WORK MOTIVATION ON EMPLOYEE PERFORMANCE AT PT . CIPTA PRIMA KONTRINDO PALEMBANG The Effect of Discipline and Work Motivation on Employee Performance at Pt . Cipta Prima Kontrindo Palembang , Ikhwana Pitaloka The Effect of Disc,” vol. 9, no. 01, pp. 25–31, 2020.
[2] J. Ekonomi, H. T. Hasna, P. Studi, K. Masyarakat, and U. M. Surakarta, “THE EFFECT OF ECONOMIC OPENNESS ON INCOME INEQUALITY AT THE PROVINCE The Effect of Economic Openness on Income Inequality at the Provincial Level in Indonesia , Hanifa Tsany Hasna The Effect of Economic Openness on Income Inequality at the Provincial Leve,” vol. 9, no. 02, pp. 32–35, 2020.
[3] J. Ekonomi, Y. H. Nurhayadi, F. Keguruan, D. Ilmu, and U. S. Dharma, “Analysis of Indonesia ’ s Education Expenditure and Economic Growth , Yusup Herpin Nurhayadi Analysis of Indonesia ’ s Education Expenditure and Economic Growth , Yusup Herpin Nurhayadi,” vol. 9, no. 01, pp. 18–24, 2020.