Pengaruh Profitabilitas, Struktur Modal, Ukuran Perusahaan, Dan Good Corporate Governance terhadap Nilai Perusahaan

Widya Kusuma Wardhani, Kartika Hendra Titisari, Suhendro Suhendro

Abstract


This research aims to know and analyze the impact of profitability, capital structure, company size and good corporate governance on firm value. The dependent variable in this research is firm value. While the independent variables used in this research are profitability, capital structure, company size, board of commissioners and audit committee. The population of this research is the entire consumer goods industry sector company listed on the Indonesia Stock Exchange period in 2015-2019. The sample selection in this research using purposive sampling method with certain criteria thus obtained a sample of 20 consumer goods industry companies listed on the IDX period in 2015-2019. The data used is secondary data sourced from annual report. The data analysis technique used double linear regression analysis. The results showed that profitability and company size affect the value of the company. Meanwhile, capital structure, board of commissioners and audit committee do not affect the company’s value in consumer goods industry company period from 2015-2019. 

Keywords


Profitability; Capital Structure; Company Size; GCG; Firm Value

Full Text:

PDF

References


Aggarwal, D., & Padhan, P. C. (2017). Impact of Capital Structure on Firm Value: Evidence from Indian Hospitality Industry. Theoretical Economics Letters, 7(4), 982–1000. https://doi.org/10.4236/tel.2017.74067

Agustina, R., Titisari, K. H., & Masitoh, E. (2020). Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan dan Gcg terhadap Firm Value. Jurnal Ilmiah Universitas Batanghari Jambi, 20(1), 179–182. https://doi.org/10.33087/jiubj.v20i1.807

Amaliyah, F., & Herwiyanti, E. (2019). Pengaruh Kepemilikan Institusional, Dewan Komisaris Independen, dan Komite Audit terhadap Nilai Perusahaan Sektor Pertambangan. Jurnal Akuntansi, 9(3), 187–200. https://doi.org/10.33369/j.akuntansi.9.3.187-200

Ayuba, H., Bambale, A. J., Ibrahim, M. A., & Sulaiman, A. S. (2019). Effects of Financial Performance, Capital Structure and Firm Size on Firms’ Value of Insurance Companies in Nigeria. Journal of Finance, Accounting and Management, 10(1), 57–74. https://doi.org/10.37487/0845-000-030-005

Badruddien, Y., Gustyana, T. T., & Dewi, A. S. (2017). Pengaruh Good Corporate Governance, Leverage dan Ukuran Perusahaan terhadap Nilai Perusahaan (Studi Empiris pada Sektor Industri Barang Konsumsi di Bursa Efek Indonesia Periode 2012-2015). E-Proceeding of Management, 4(3), 2236–2243.

Brigham, E. F., & Houston, J. F. (2013). Dasar-Dasar Manajemen Keuangan. Salemba Empat.

Demirgunes, K. (2017). Capital Structure Choice and Firm Value: New Empirical Evidence from Asymmetric Causality Test. International Journal of Financial Research, 8(2), 75–91. https://doi.org/10.5430/ijfr.v8n2p75

Devi, A. (2013). Pengaruh Mekanisme Good Corporate Governance (GCG) dan Struktur Kepemilikan Terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia 2010-2013). Jurnal TEKUN, IV(02), 199–211.

Dewi, I. A. P. T., & Sujana, I. K. (2019). Pengaruh Likuiditas, Pertumbuhan Penjualan, dan Risiko Bisnis Terhadap Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana, 26(1), 85–110. https://doi.org/10.24843/eja.2019.v26.i01.p04

Hamdani. (2016). Good Corporate Governance Tinjauan Etika Daam Praktik Bisnis. Mitra Wacana Media.

Hidayati, B. S., & Retnani, E. D. (2020). Pengaruh Struktur Modal, Good Corporate Governance dan Ukuran Perusahaan terhadap Nilai Perusahaan. Jurnal Ilmu Dan Riset Akuntansi, 9(6), 1–18.

Irawan, D., & Kusuma, N. (2019). Pengaruh Struktur Modal dan Ukuran Perusahaan terhadap Nilai Perusahaan. Jurnal Aktual STIE Trisna Negara, 17(1), 66–81.

Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm : Managerial Behavior, Agency Costs and Ownership Structure. Jurnal of Financial Economics, 3, 305–360. https://doi.org/10.1177/0018726718812602

Kasmir. (2013). Pengantar Manajemen Keuangan. Kencana Prenada Media Group.

Kurniawan, Y. (2018). Indonesia Most Trusted Company dan Nilai Perusahaan. AFRe (Accounting and Financial Review), 1(1), 1–8. https://doi.org/10.26905/afr.v1i1.2267

Lastanti, H. S., & Salim, N. (2018). Pengaruh Pengungkapan Corporate Social Responsibility, Good Corporate Governance, dan Kinerja Keuangan Terhadap Nilai Perusahaan. Jurnal Akuntansi Trisakti, 5(1), 27–40.

Lestari, D., Santoso, B., & Hermanto. (2020). Pengaruh Dewan Komisaris, Komite Direksi dan Enterprise Risk Management Disclosure terhadap Nilai Perusahaan. E-Jurnal Akuntansi, 30(1), 945–957. https://doi.org/10.24843/EJA.2020.v30.i04.p12

Lubis, I. L., Sinaga, B. M., & Sasongko, H. (2017). Pengaruh Profitabilitas, Sruktur Modal, dan Likuiditas terhadap Nilai Perusahaan. Jurnal Aplikasi Bisnis Dan Manajemen, 3(3), 458–465. https://doi.org/10.17358/jabm.3.3.458

Lumentut, F. G., & Mangantar, M. (2019). Pengaruh Likuiditas, Profitabilitas, Solvabilitas, dan Aktivitas terhadap Nilai Perusahaan Manufaktur yang Terdaftar di Indeks Kompas100 Periode 2012-2016. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 7(3), 2601–2610. https://doi.org/10.35794/emba.v7i3.23643

Odum, A. N., Odum, C. G., Omeziri, R. I., & Egbunike, C. F. (2019). Impact of Dividend Payout Ratio on the Value of Firm: A Study of Companies Listed on the Nigerian Stock Exchange. Indonesian Journal of Contemporary Management Research, 1(1), 25–34. https://doi.org/10.33455/ijcmr.v1i1.84

Oktaviani, C. A. T., & Srimindarti, C. (2019). Nilai Perusahaan dilihat dari sisi Likuiditas, Struktur Modal, Ukuran Perusahaan dan Kebijakan Dividen. Prosiding SENDU_U_2019, 468–475.

Pertiwi, T. K., & Pratama, F. M. I. (2012). Pengaruh Kinerja Keuangan, Good Corporate Governance Terhadap Nilai Perusahaan Food and Beverage. Jurnal Manajemen Dan Kewirausahaan, 14(2), 118–127. https://doi.org/10.9744/jmk.14.2.118-127

Pohan, M., Sari, M., Munasib, A., & Radiman. (2020). Determinan Struktur Modal dan Nilai Perusahaan. Jurnal Ilmiah Manajemen Dan Bisnis, 21(2), 105–122.

Prasetyorini, B. F. (2013). Pengaruh Ukuran Perusahaan, Leverage, Price Earning Ratio dan Profitabilitas terhadap Nilai Perusahaan. Jurnal Ilmu Manajemen (JIM), 1(1), 183–196.

Ramdhonah, Z., Solikin, I., & Sari, M. (2019). Pengaruh Struktur Modal, Ukuran Perusahaan, Pertumbuhan Perusahaan, dan Profitabilitas Terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2017). Jurnal Riset Akuntansi Dan Keuangan, 7(1), 67–82. https://doi.org/10.17509/jrak.v7i1.15117

Rehman, O. U. (2016). Impact of Capital Structure and Dividend Policy on Firm Value. Journal of Poverty, Investment and Development, 21(2006), 40–57. https://iiste.org/Journals/index.php/JPID/article/view/28887

Siswanti, D. E., & Ngumar, S. (2019). Pengaruh Struktur Modal, Profitabilitas, Ukuran Perusahaan terhadap Nilai Perusahaan. Jurnal Ilmu Dan Riset Akuntansi, 8(2), 1–20. www.idx.co.id.

Sucuahi, W., & Cambarihan, J. M. (2016). Influence of Profitability to the Firm Value of Diversified Companies in the Philippines. Accounting and Finance Research, 5(2), 149–153. https://doi.org/10.5430/afr.v5n2p149

Susanti, A., Wafirotin, K. Z., & Hartono, A. (2019). Pengaruh Good Corporate Governance, Profitabilitas, dan Ukuran Perusahaan terhadap Nilai Perusahaan Manufaktur yang Terdaftar di BEI Periode 2011-2016. Jurnal Ekonomi, Manajemen & Akuntansi, 3(1), 11–24.

Susanti, Y., Mintarti, S., & Asmapane, S. (2018). Pengaruh Struktur Modal, Kinerja Keuangan Perusahaan, Ukuran Perusahaan dan Kualitas Auditor Eksternal Terhadap Nilai Perusahaan pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Akuntabel, 15(1), 1–11. https://doi.org/10.29264/jakt.v15i1.1924

Ussu, T., Saerang, I. S., & Ogi, I. W. . (2017). Analisis Struktur Kepemilikan Institusional, Ukuran Perusahaan dan Risiko Perusahaan Terhadap Nilai Perusahaan Industri Asuransi Yang Terdaftar di Bursa Efek Indonesia Periode 2013-2016. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 5(2), 1935–1943. https://doi.org/10.35794/emba.v5i2.16469

Widyantari, N. L. P., & Yadnya, I. P. (2017). Pengaruh Struktur Modal, Profitabilitas dan Ukuran Perusahaan terhadap Nilai Perusahaan pada Perusahaan Food and Beverage di Bursa Efek Indonesia. E-Jurnal Manajemen Unud, 6(12), 6383–6409.




DOI: http://dx.doi.org/10.33087/ekonomis.v5i1.264

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Ekonomis: Journal of Economics and Business Published by Lembaga Penelitian dan Pengabdian kepada Masyarakat
Adress: LPPM Universitas Batanghari, Jl.Slamet Ryadi, Broni-Jambi, Kec.Telanaipura, Kodepos: 36122, email: ekonomis.unbari@gmail.com, Phone: 0741-670700


Creative Commons License This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.