EFFECT OF PROFITABILITY, BUSINESS SIZE, AND INSTITUTIONAL OWNERSHIP ON BUSINESS VALUE WITH CAPITAL STRUCTURE AS A MODERATING VARIABLE (Empirical Study on Food and Beverage Companies Listed on The Indonesia Stock Exchange for The 2017-2020 Period)
This study aims to analyze the effect of profitability, business size, and institutional ownership on business value with capital structure as a moderating variable in food and beverage companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2020. Using purposive sampling, 48 companies w...
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| Format: | Article |
| Language: | English |
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Muhammadiyah University Press
2022-09-01
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| Series: | Riset Akuntansi dan Keuangan Indonesia |
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| Online Access: | https://journals2.ums.ac.id/index.php/reaksi/article/view/9741 |
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| author | Atwal Arifin Siti Fauziah Agus Endro Suwarno |
| author_facet | Atwal Arifin Siti Fauziah Agus Endro Suwarno |
| author_sort | Atwal Arifin |
| collection | DOAJ |
| description | This study aims to analyze the effect of profitability, business size, and institutional ownership on business value with capital structure as a moderating variable in food and beverage companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2020. Using purposive sampling, 48 companies were selected as the sample. Multiple regression analysis with IBM SPSS Statistics 25 was employed to analyze the data. The analysis unveiled that profitability affected business value. However, business size had no influence on business value, and institutional ownership did not significantly impact business value. Moreover, the capital structure could moderate profitability with business value but could not moderate business size and institutional ownership. |
| format | Article |
| id | doaj-art-9827bcad045e4fcc97db9cc37e48ea7f |
| institution | Kabale University |
| issn | 2541-6111 |
| language | English |
| publishDate | 2022-09-01 |
| publisher | Muhammadiyah University Press |
| record_format | Article |
| series | Riset Akuntansi dan Keuangan Indonesia |
| spelling | doaj-art-9827bcad045e4fcc97db9cc37e48ea7f2025-08-20T03:50:01ZengMuhammadiyah University PressRiset Akuntansi dan Keuangan Indonesia2541-61112022-09-0126226810.23917/reaksi.v7i2.204089804EFFECT OF PROFITABILITY, BUSINESS SIZE, AND INSTITUTIONAL OWNERSHIP ON BUSINESS VALUE WITH CAPITAL STRUCTURE AS A MODERATING VARIABLE (Empirical Study on Food and Beverage Companies Listed on The Indonesia Stock Exchange for The 2017-2020 Period)Atwal Arifin0Siti Fauziah1Agus Endro Suwarno2Department of Accounting, Faculty of Economics and Business, Universitas Muhammadiyah SurakartaDepartment of Accounting, Faculty of Economics and Business, Universitas Muhammadiyah SurakartaDepartment of Accounting, Faculty of Economics and Business, Universitas Muhammadiyah SurakartaThis study aims to analyze the effect of profitability, business size, and institutional ownership on business value with capital structure as a moderating variable in food and beverage companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2020. Using purposive sampling, 48 companies were selected as the sample. Multiple regression analysis with IBM SPSS Statistics 25 was employed to analyze the data. The analysis unveiled that profitability affected business value. However, business size had no influence on business value, and institutional ownership did not significantly impact business value. Moreover, the capital structure could moderate profitability with business value but could not moderate business size and institutional ownership.https://journals2.ums.ac.id/index.php/reaksi/article/view/9741profitabilitybusiness sizeinstitutional ownershipbusiness valuecapital structure |
| spellingShingle | Atwal Arifin Siti Fauziah Agus Endro Suwarno EFFECT OF PROFITABILITY, BUSINESS SIZE, AND INSTITUTIONAL OWNERSHIP ON BUSINESS VALUE WITH CAPITAL STRUCTURE AS A MODERATING VARIABLE (Empirical Study on Food and Beverage Companies Listed on The Indonesia Stock Exchange for The 2017-2020 Period) Riset Akuntansi dan Keuangan Indonesia profitability business size institutional ownership business value capital structure |
| title | EFFECT OF PROFITABILITY, BUSINESS SIZE, AND INSTITUTIONAL OWNERSHIP ON BUSINESS VALUE WITH CAPITAL STRUCTURE AS A MODERATING VARIABLE (Empirical Study on Food and Beverage Companies Listed on The Indonesia Stock Exchange for The 2017-2020 Period) |
| title_full | EFFECT OF PROFITABILITY, BUSINESS SIZE, AND INSTITUTIONAL OWNERSHIP ON BUSINESS VALUE WITH CAPITAL STRUCTURE AS A MODERATING VARIABLE (Empirical Study on Food and Beverage Companies Listed on The Indonesia Stock Exchange for The 2017-2020 Period) |
| title_fullStr | EFFECT OF PROFITABILITY, BUSINESS SIZE, AND INSTITUTIONAL OWNERSHIP ON BUSINESS VALUE WITH CAPITAL STRUCTURE AS A MODERATING VARIABLE (Empirical Study on Food and Beverage Companies Listed on The Indonesia Stock Exchange for The 2017-2020 Period) |
| title_full_unstemmed | EFFECT OF PROFITABILITY, BUSINESS SIZE, AND INSTITUTIONAL OWNERSHIP ON BUSINESS VALUE WITH CAPITAL STRUCTURE AS A MODERATING VARIABLE (Empirical Study on Food and Beverage Companies Listed on The Indonesia Stock Exchange for The 2017-2020 Period) |
| title_short | EFFECT OF PROFITABILITY, BUSINESS SIZE, AND INSTITUTIONAL OWNERSHIP ON BUSINESS VALUE WITH CAPITAL STRUCTURE AS A MODERATING VARIABLE (Empirical Study on Food and Beverage Companies Listed on The Indonesia Stock Exchange for The 2017-2020 Period) |
| title_sort | effect of profitability business size and institutional ownership on business value with capital structure as a moderating variable empirical study on food and beverage companies listed on the indonesia stock exchange for the 2017 2020 period |
| topic | profitability business size institutional ownership business value capital structure |
| url | https://journals2.ums.ac.id/index.php/reaksi/article/view/9741 |
| work_keys_str_mv | AT atwalarifin effectofprofitabilitybusinesssizeandinstitutionalownershiponbusinessvaluewithcapitalstructureasamoderatingvariableempiricalstudyonfoodandbeveragecompanieslistedontheindonesiastockexchangeforthe20172020period AT sitifauziah effectofprofitabilitybusinesssizeandinstitutionalownershiponbusinessvaluewithcapitalstructureasamoderatingvariableempiricalstudyonfoodandbeveragecompanieslistedontheindonesiastockexchangeforthe20172020period AT agusendrosuwarno effectofprofitabilitybusinesssizeandinstitutionalownershiponbusinessvaluewithcapitalstructureasamoderatingvariableempiricalstudyonfoodandbeveragecompanieslistedontheindonesiastockexchangeforthe20172020period |