KETERKAITAN STRUKTUR KEPEMILIKAN, STRUKTUR MODAL DAN NILAI PERUSAHAAN
Author(s) -
Herry Subagyo
Publication year - 2021
Publication title -
kompak jurnal ilmiah komputerisasi akuntansi
Language(s) - English
Resource type - Journals
eISSN - 2621-6248
pISSN - 1979-116X
DOI - 10.51903/kompak.v13i2.687
Subject(s) - capital structure , stock exchange , enterprise value , business , nonprobability sampling , sample (material) , value (mathematics) , intervening variable , business administration , econometrics , accounting , economics , finance , statistics , mathematics , debt , population , chemistry , demography , chromatography , sociology
This research aims to test the relation between ownership structures and capital structure firm value of basic industry & chemistry firm. This research places the capital structure as a mediating variable for the relationship between ownership structure and firm value. The sample used is a company listed on the Indonesia Stock Exchange for the period 2014-2019, using a purposive sampling technique got 115 samples that meet the criteria. Data processing using the IBM SPSS 23 series program as an analysis tool. The result is that management's ownership has a negative effect on capital structure, and a positive effect on firm value, while institutional ownership has a positive effect on capital structure, and a negative effect on firm value. This study also found that capital structure is a mediating variable of the relationship between management ownership and firm value.
Keywords: ownership structure, capital structure, firm value
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