The Influence of Capital Structure, Profitability and Firm Size on Company Value

Authors

  • Umi Nurul Fadhilah Universitas Muhammadiyah Semarang
  • Nurcahyono Nurcahyono Universitas Muhammadiyah Semarang

Keywords:

Capital Structure, Profitability, Company Size, Company Value

Abstract

This study aims to empirically prove the influence of capital structure, profitability and company size on the value of companies in the health sector that have been listed on the Indonesia Stock Exchange (IDX) in 2021 - 2023. The sample selection technique was carried out by the purposive sampling method obtained by 14 companies so that the number of samples used was 42 as observation data. This study uses quantitative methods and multiple linear regression analysis processed using the SPSS version 26 program to test the relationship between the variables studied. The results of this study show that capital structure (DAR) has a negative effect on the value of the company, while the capital structure (DER) has no effect on the value of the company. Profitability (ROA and ROE) has no effect on the company's value. The size of the company has no effect on the value of the company.

References

Aldama, N., & Ekonomi, F. (2022). Pengaruh Struktur Modal, Profitabilitas dan Akuntansi Manajemen Lingkungan Terhadap Nilai Perusahaan. Jurnal Ilmiah Manajemen, Ekonomi Dan Bisnis, 1, 91–105. http://ejurnal.provisi.ac.id/index.php/JIMEB

Alfitri, D. N., Nugroho, W. S., & Nurcahyono, N. (2022). The Effect of Environment Performance, Capital Structure, and Company Size on Financial Performance. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 12(2), 175. https://doi.org/10.26714/mki.12.2.2022.175-184

Andrean Kristianto. (2023). Pandemi Akan Berakhir, Laba MEDS Anjlok 99% & Valuasi Mahal! CNBCIndonesia.Com. https://www.cnbcindonesia.com/research/20230315091129-128-421770/pandemi-akan-berakhir-laba-meds-anjlok-99-valuasi-mahal

A’yun, A. Q., Hanum, A. N., & Nurcahyono, N. (2022). Pengaruh Struktur Modal , Likuiditas , dan Ukuran Perusahaan terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Intervening Harga Saham Perusahaan Food and Beverage 2017-2021. Prosiding Seminar Nasional UNIMUS, 5, 408–419.

Azahra, S., Marundha, A., & Khasanah, U. (2023). CORPORATE SOCIAL RESPONBILITY, PROFITABILITAS, PENGHINDARAN PAJAK DAN NILAI PERUSAHAAN. JURNAL ECONOMINA, 2(10), 2951–2969. https://doi.org/10.55681/economina.v2i10.927

can, idrus, & sovita, ingra. (2024). JAKBS+Idrus+Can+a,+Ingra+Sovita+b. Jurnal Akuntansi Keuangan Bisnis, 1, 559–574.

Christanty, L., Maharani, B., Nugroho, W. S., & Nurcahyono, N. (2023). Accounting Information Systems and Financial Literacy impact on SMEs ’ Performance. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 13(1), 59–69.

Deva Agustin, W. (2021). PENGARUH LIKUIDITAS, PROFITABILITAS, STRUKTUR MODAL DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN Andayani Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya.

Fitriana, L., Sinarasri, A., & Nurcahyono, N. (2024). Factors Affecting Financial Statement Fraud in Banking Sector: A Agency Perspective. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 14(1), 102. https://doi.org/10.26714/mki.14.1.2024.102-113

Fredirick Nathanael, R., & Ria Panggabean, R. (2020). PENGARUH STRUKTUR MODAL, PROFITABILITAS, LEVERAGE DAN GROWTH OPPORTUNITY TERHADAP NILAI PERUSAHAAN. BALANCE: Jurnal Akuntansi, 17(2), 175–200. https://doi.org/10.25170/balance.v17i2

Hastuti, I. N., Ery Wibowo, R., & Nurcahyono, N. (2024). The Effect of Capital Adequacy Ratio, Non-Performing Loan and Debt Equity Ratio on Financial Performance. Economics and Business International Conference, 1(1), 13–24. www.idx.co.id

https://www.idnfinancials.com. (2024). Laba bersih Bundamedik merosot tajam hingga 91% pada 2023. IDN.Com. https://www.idnfinancials.com/id/news/49482/bundamediks-profit-downturn#:~:text=Info%20Selengkapnya!,bersih%20perseroan%20pada%20tahun%20sebelumnya.

Ifada, L. M., Ghoniyah, N., & Nurcahyono, N. (2023). How Do Tax Avoidance and Profitability Influence a Firm’S Intrinsic Value? Jurnal Akuntansi Multiparadigma, 14(1), 115–125. https://doi.org/10.21776/ub.jamal.2023.14.1.08

isnaeni, wina ayu, santoso, suryo budi, rachmawati, erny, & santoso, selamet eko budi. (2021). 11720-30639-2-PB. Jurnal Nasional, 1.

Mahanani, H. T., & Kartika, A. (2022). Pengaruh struktur modal, likuiditas, ukuran perusahaan, dan profitabilitas terhadap nilai perusahaan. Jurnal Ilmiah Akuntansi Dan Keuangan, 5(1), 360–372. https://journal.ikopin.ac.id/index.php/fairvalue

maulana, rizky adzan, & mediawati, elis. (2022). PENGARUH PENGUNGKAPAN MODAL INTELEKTUAL DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN. Jurnal Aset, 14, 223–234. https://doi.org/10.17509/jurnal

Nopianti, R., & Suparno. (2020). Pengaruh Struktur Modal Dan Profitabilitas Terhadap Nilai Perusahaan. JAK (Jurnal Akuntansi) Kajian Ilmiah Akuntansi, 8(1), 51–61. https://doi.org/10.30656/jak.v8i1.2381

Noviyanti, D., & Ruslim, H. (2021). PENGARUH STRUKTUR MODAL, PROFITABILITAS, RASIO AKTIVITAS TERHADAP NILAI PERUSAHAAN.

Nurcahyono, N., Sinarasri, A., Pamungkas, I. D., & Hanum, A. N. (2023). May intellectual capital and corporate governance reduce the probability of financial distress? Contaduria y Administracion, 70(1), 97–121. https://doi.org/10.22201/fca.24488410e.2025.5169

nurdin, emilia, fitri aman, f, & aqurat, warniyatih nur. (2023). jurnal utama. Jurnal Aset, 15, 221–228. https://doi.org/10.17509/jaset.v15i2

Oktiwiati, E. Dela, & Nurhayati, M. (2020). PENGARUH PROFITABILITAS, STRUKTUR MODAL, DAN KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN (PADA SEKTOR FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2013-2017). MIX: JURNAL ILMIAH MANAJEMEN, 10(2), 196. https://doi.org/10.22441/mix.2020.v10i2.004

Putra, F., & Putra, A. A. (2021). Pengaruh Struktur Kepemilikan Saham, Struktur Modal dan Profitabilitas Terhadap Nilai Perusahaan. In Jurnal Akuntansi Keuangan dan Bisnis (Vol. 14, Issue 1). https://jurnal.pcr.ac.id/index.php/jakb/

Putu, N., Yuniastri, A., Dewa, I., & Kumalasari, P. D. (2021). PENGARUH PROFITABILITAS.

Ristiani, L., & Sudarsi, S. (2022). Analisis pengaruh profitabilitas, likuiditas, ukuran perusahaan, dan struktur modal terhadap nilai perusahaan. Jurnal Ilmiah Akuntansi Dan Keuangan, 5(2), 837–848. https://journal.ikopin.ac.id/index.php/fairvalue

Roqijah, I., Nugroho, W. S., & Nurcahyono, N. (2022). The Effect of Profitability, Operating cash flow, Economic Value Added and Firm Size on Stock Return. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 12(2), 164. https://doi.org/10.26714/mki.12.2.2022.164-174

rossa, putu ayu evriella, susandya, anak agung putu gede bagus arie, & suryandari, ni nyoman ayu. (2023). 88-99,+Putu+Ayu+Evriella+Rossa,+Anak+Agung+Putu+Gede+Bagus+Arie+Susandya,+Ni+Nyoman+Ayu+Suryandari. Kumpulan Hasil Riset Mahasiswa Akuntansi (Kharisma), 5, 88–99.

Rukiyanti, R., & Mulyani, M. (2023). PENGARUH PERENCANAAN PAJAK, PENGHINDARAN PAJAK DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN. JURNAL PUNDI, 7(2), 257. https://doi.org/10.31575/jp.v7i2.500

Salsabilla, S., & Rahmawati, M. I. (2021). PENGARUH PROFITABILITAS, GROWTH OPPORTUNITY, DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN.

shantiani, ni ketut ayu, gama, agus wahyudi salasa, & astiti, ni putu yeni. (2023). 4.551-563. Jurnal Emas, 4.

suastra, ni luh ayu gragetha tirta dewi, widynyana, wayan, & tahu, gregorius paulus. (2023). 7.+2344-2361. Jurnal Emas, 4, 2344–2361.

Videsia, Y., Wibowo, R. E., & Nurcahyono, N. (2022). Pengaruh Profitabilitas Dan Ukuran Perusahaan Terhadap Ketepatan Waktu Pelaporan Keuangan. Review of Applied Accounting Research, 9(2), 219–228. https://doi.org/10.32534/jpk.v9i2.2407

Wardhani, W. K., Titisari, K. H., & Suhendro, S. (2021). Pengaruh Profitabilitas, Struktur Modal, Ukuran Perusahaan, Dan Good Corporate Governance terhadap Nilai Perusahaan. Ekonomis: Journal of Economics and Business, 5(1), 37. https://doi.org/10.33087/ekonomis.v5i1.264

Wardoyo, D. U., & Fauziah, H. D. (2024). Pengaruh Kepemilikan Institusional, Profitabilitas, dan Struktur Modal Terhadap Nilai Perusahaan. Owner, 8(1), 585–594. https://doi.org/10.33395/owner.v8i1.1840

yulianti, elysa, hermuningsih, sri, & sari, pristin prima. (2022). 2269-4945-1-PB. ECOBISMA ( Jurnal Ekonomi, Bisnis Dan Manajemen, 9, 88–100.

Downloads

Published

2024-07-27

How to Cite

Fadhilah, U. N. ., & Nurcahyono, N. (2024). The Influence of Capital Structure, Profitability and Firm Size on Company Value. Economics and Business International Conference Proceeding, 1(2), 552–562. Retrieved from https://jurnalnew.unimus.ac.id/index.php/EBiC/article/view/465

Most read articles by the same author(s)

1 2 > >>