盈利能力、企业社会责任和流动性对在印尼证券交易所上市的以资本结构为变量的企业价值的影响

Filza Ilma, Kersna Minan, Ruswan Nurmadi
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引用次数: 0

摘要

本研究以资本结构为中介变量,探讨盈利能力、企业社会责任和流动性对企业价值的影响。本研究使用了二手数据,即2015-2019年期间在印度尼西亚证券交易所(IDX)上市的制造业公司的财务报告。样本采用有目的抽样法,从31家企业中选取,观察5年共155份数据。分析方法采用通径分析法。本研究结果表明,盈利能力对资本结构无显著影响,企业社会责任和流动性对资本结构有显著影响,盈利能力和企业社会责任对企业价值有显著影响,流动性和资本结构对企业价值无显著影响。在2015 - 2019年印尼证券交易所(IDX)上市的制造业公司中,资本结构无法中介盈利能力、企业社会责任和流动性对公司价值的影响。
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PENGARUH PROFITABILITAS, CORPORATE SOCIAL RESPONSIBILITY, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2015-2019
This research aims to determine the effect of profitability, corporate social responsibility, and liquidity on firm value with capital structure as an intervening variable. This research used secondary data, which were financial reports from manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period of 2015-2019. Sample selected by purposive sampling, from 31 companies with 5 years of observation were 155 data. The analysis method used path analysis. The results of this research showed that profitability had no significant effect on capital structure, corporate social responsibility and liquidity had a significant effect on capital structure, profitability and corporate social responsibility had a significant effect on firm value, liquidity and capital structure had no significant effect to firm value. And the capital structure is unable to mediate the relationship between profitability, corporate social responsibility, and liquidity on firm value in manufacturing companies listed on the Indonesia Stock Exchange (IDX) from the period of 2015 to 2019.
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