Open AccessPENGARUH STRUKTUR KEPEMILIKAN TERHADAP NILAI PERUSAHAAN DENGAN EFISIENSI STRUKTUR MODAL SEBAGAI VARIABEL MEDIASI
Author(s) -
Felicia Wuisan,
Excel Limbunan,
Oktavianus Pasoloran,
Cherly Thanamal
Publication year - 2021
Publication title -
atma jaya accounting research
Language(s) - English
Resource type - Journals
eISSN - 2656-0410
pISSN - 2654-590X
DOI - 10.35129/ajar.v4i02.201
Subject(s) - stock exchange , capital structure , nonprobability sampling , business , business administration , population , sample (material) , sobel test , econometrics , principal–agent problem , path analysis (statistics) , enterprise value , accounting , statistics , economics , mathematics , finance , sociology , physics , corporate governance , debt , demography , thermodynamics
This study aims to examine the influence of ownership structure on firm value mediated by efficiency capital structure. This research uses pecking order theory, agency theory, and stakeholder theory. The population used in this study are all companies listed on the Indonesia Stock Exchange (IDX) with the research period of 2016-2018. The method of determining the sample using non-random sampling i.e purposive sampling and uses secondary data in the form of annual reports and financial statements of the company. The analytical method used are path analysis and sobel test. The results showed that the efficiency of capital structure can fully mediate the effect of ownership structure on firm value.