The Influence of Capital Structure and Profitability on Firm Value in The Pharmaceutical Sub-Sector for The Period 2017-2021
Article Sidebar
Profitability,
Firm Value
Main Article Content
Abstract
Firm value is the consequence of a company's performance, as represented in its share price, which is determined by the relationship between supply and demand in the stock market. The aim is to test and assess the impact of capital structure (DER) and profitability (ROA) on Firm value (PBV) in pharmaceutical firms listed on the Indonesia Stock Exchange (BEI) between 2017 and 2021. Purposive sampling is used to establish sampling. Ten pharmaceutical businesses serve as the research population. During a 5-year observation period, 40 samples were chosen from 8 firms based on the specified criteria. The analytical approach used in this study is multiple linear regression. The data analysis test tool runs the IBM SPSS version 26.0 program on Windows. The findings of this study reveal that capital structure has a significant influence (sig. 0.000) on firm value as well as profitability (sig. 0.022).
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
References
Adiyanti, N. F. dan Mulyani. 2014. Penerapan Model Pembelajaran Kooperatif Tipe Think Pair Share (TPS) Pada Tema Peristiwa Untuk Meningkatkan Hasil Belajar Siswa Kelas II SDN Babatan V/460 Surabaya. JPGSD. Volume 02 Nomor 02 Tahun 2014.
Abdul M., M. R. Noerirawan. 2012. Pengaruh Faktor Internal Dan External Perusahaan Terhadap Nilai Perusahaaan. Jurnal Akuntansi Vol. 1 No. 2 Hal 4.
Al-Momani. M.A. and Obeidat, M.I. (2017). Towards More Understanding of the Financial Leverage Controversy: The Evidence of the Industrial Firms at Amman Stock Exchange. International Journal of Economics and Financial Issues, 7(4), 189-198.
Albertina, M., & Febriana, S. (2016). Kelengkapan Imunisasi Dasar Anak Balita dan Faktor-Faktor yang Berhubungan di Poliklinik Anak Beberapa Rumah Sakit di Jakarta dan Sekitarnya pada Bulan Maret 2008. Sari Pediatri, 11(1), 1-7.
Anggraini, Refa; Hidayat, Imam. Pengaruh Profitabilitas, Ukuran Perusahaan Dan Nilai Tukar Terhadap Nilai Perusahaan Farmasi yang Terdaftar Di BEI. Jurnal Ilmu dan Riset Manajemen (JIRM), 2021, 10.1.
Arianandini, Putu Winning; Ramantha, I. Wayan. Pengaruh profitabilitas, leverage, dan kepemilikan institusional pada tax avoidance. E-Jurnal Akuntansi, 2018, 22.3: 2088-2116.
Brigham, E. F., & Houston, J. F. (2015). Manajemen Keuangan. Jakarta; Erlangga.
Fahmi, Irham. 2013. Analisis Lap oran Keuangan. Bandung: Alfabeta.
Ghozali,I. (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25 Semarang : Badan Penerbit Dipenogoro.
Hartono, Jogiyanto. (2013). Metodologi Penelitian Bisnis. BPFE. Yogyakarta. Husnan, Suad. (2013).
Manajemen Keuangan Edisi Keempat. Yogyakarta : BPFE. Kasmir. (2017). Analisis Laporan Keuangan. Jakarta: PT Rajagrafindo Persada.
Kasmir. 2019. Analisis Laporan Keuangan. Edisi Pertama. Cetakan Keduabelas. PT Raja Grafindo Persada. Jakarta
S. Munawir. 2014. Analisis Laporan Keuangan. Yogyakarta : Liberty Sugiarto. (2017). Metodologi Penelitian Bisnis. Yogyakarta: Andi.
Sugiyono. (2016). Metode Penelitian Kuantitatif Kualitatif dan R&D. Bandung: Alfabeta.
Sutrisno. 2012. Manajemen Keuangan Teori, Konsep dan Aplikasi. Yogyakarta: EKONISIA.
Surmadewi, N. K. Y., & Saputra, I. D. G. D. (2019). Pengaruh Likuiditas, Leverage, dan Profitabilitas
Terhadap Nilai Perusahaan Pada Perusahaan Farmasi. E- Jurnal Ekonomi Dan Bisnis Universitas Udayana, 8(6), 567–593.
Suteja, I. G. N. (2018). Analisis Kinerja Keuangan dengan Metode Altman ZScore Pada PT Ace Hardware Indonesia Tbk. Jurnal Moneter vol. v no. 1 April.