KnE Social Sciences

ISSN: 2518-668X

The latest conference proceedings on humanities, arts and social sciences.

The Influence of Capital Structure to the Firm Value with Profitability As Intervening Variables

Published date: Nov 12 2018

Journal Title: KnE Social Sciences

Issue title: The 2018 International Conference of Organizational Innovation (ICOI-2018)

Pages:

DOI: 10.18502/kss.v3i10.3375

Authors:
Abstract:

The shareholders have the interest to increase the firm value in order to maximize its wealth. This study aims to find out the profitability ability in mediating the influence of capital structure with firm value. The population of this study is the pharmaceutical company listed in Indonesia Stock Exchange (IDX). Census study method is used as sampling method by utilizing eight pharmaceutical companies. Data analysis tool used in this study is the panel data regression with 5% of significance level. The result of this study shows that profitability is able to mediate the influence of capital structure on firm value because the debt will increase the firm value, and the increase of firm value will be bigger if debt can increase the profitability of the company. The samples of this study have not reached the optimum point on their debt level, thus the addition of debt proportion that can increase the profitability can be used in order to achieve higher firm value.

 

 

Keywords: capital structure, firm value, profitability

References:

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