Effect of Growth Opportunity, Corporate Tax, and Profitability toward Value of Firm through Capital Structure (listed Manufacturing Companies of Indonesia)
The study aims to determine the Effect of growth opportunity, corporate tax, and profitability on the value of firm through the capital structure as an intervening variable at manufacturing companies in Indonesia Stock Exchange. The sample consists of 32 manufacturing sector companies listed in Indo...
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| Format: | Article |
| Language: | Russian |
| Published: |
Government of the Russian Federation, Financial University
2019-10-01
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| Series: | Финансы: теория и практика |
| Subjects: | |
| Online Access: | https://financetp.fa.ru/jour/article/view/901 |
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| author | . Amarudin M. Adam U. Hamdan A. Hanafi |
| author_facet | . Amarudin M. Adam U. Hamdan A. Hanafi |
| author_sort | . Amarudin |
| collection | DOAJ |
| description | The study aims to determine the Effect of growth opportunity, corporate tax, and profitability on the value of firm through the capital structure as an intervening variable at manufacturing companies in Indonesia Stock Exchange. The sample consists of 32 manufacturing sector companies listed in Indonesia Stock Exchange within 2013–2017. The study results show that growth opportunity and corporate tax have a positive effect on the structure of capital, in contrast to profitability, which affects negatively. Meanwhile, capital structure and profitability have a positive Effect on firm value. On the other hand, growth opportunity and corporate tax have no bearing on company value. Yet, capital structure does not mediate between growth opportunity and corporate tax to the value of firm. Nevertheless capital structure mediates the Effect of profitability on the value of firm. |
| format | Article |
| id | doaj-art-e491541bbb9e48788b907cabb2d7a231 |
| institution | DOAJ |
| issn | 2587-5671 2587-7089 |
| language | Russian |
| publishDate | 2019-10-01 |
| publisher | Government of the Russian Federation, Financial University |
| record_format | Article |
| series | Финансы: теория и практика |
| spelling | doaj-art-e491541bbb9e48788b907cabb2d7a2312025-08-20T03:21:23ZrusGovernment of the Russian Federation, Financial UniversityФинансы: теория и практика2587-56712587-70892019-10-01235182910.26794/2587-5671-2019-23-5-18-29736Effect of Growth Opportunity, Corporate Tax, and Profitability toward Value of Firm through Capital Structure (listed Manufacturing Companies of Indonesia). Amarudin0M. Adam1U. Hamdan2A. Hanafi3Sriwijaya UniversitySriwijaya UniversitySriwijaya UniversitySriwijaya UniversityThe study aims to determine the Effect of growth opportunity, corporate tax, and profitability on the value of firm through the capital structure as an intervening variable at manufacturing companies in Indonesia Stock Exchange. The sample consists of 32 manufacturing sector companies listed in Indonesia Stock Exchange within 2013–2017. The study results show that growth opportunity and corporate tax have a positive effect on the structure of capital, in contrast to profitability, which affects negatively. Meanwhile, capital structure and profitability have a positive Effect on firm value. On the other hand, growth opportunity and corporate tax have no bearing on company value. Yet, capital structure does not mediate between growth opportunity and corporate tax to the value of firm. Nevertheless capital structure mediates the Effect of profitability on the value of firm.https://financetp.fa.ru/jour/article/view/901: growth opportunitycorporate taxprofitabilityvalue of firm and capital structure |
| spellingShingle | . Amarudin M. Adam U. Hamdan A. Hanafi Effect of Growth Opportunity, Corporate Tax, and Profitability toward Value of Firm through Capital Structure (listed Manufacturing Companies of Indonesia) Финансы: теория и практика : growth opportunity corporate tax profitability value of firm and capital structure |
| title | Effect of Growth Opportunity, Corporate Tax, and Profitability toward Value of Firm through Capital Structure (listed Manufacturing Companies of Indonesia) |
| title_full | Effect of Growth Opportunity, Corporate Tax, and Profitability toward Value of Firm through Capital Structure (listed Manufacturing Companies of Indonesia) |
| title_fullStr | Effect of Growth Opportunity, Corporate Tax, and Profitability toward Value of Firm through Capital Structure (listed Manufacturing Companies of Indonesia) |
| title_full_unstemmed | Effect of Growth Opportunity, Corporate Tax, and Profitability toward Value of Firm through Capital Structure (listed Manufacturing Companies of Indonesia) |
| title_short | Effect of Growth Opportunity, Corporate Tax, and Profitability toward Value of Firm through Capital Structure (listed Manufacturing Companies of Indonesia) |
| title_sort | effect of growth opportunity corporate tax and profitability toward value of firm through capital structure listed manufacturing companies of indonesia |
| topic | : growth opportunity corporate tax profitability value of firm and capital structure |
| url | https://financetp.fa.ru/jour/article/view/901 |
| work_keys_str_mv | AT amarudin effectofgrowthopportunitycorporatetaxandprofitabilitytowardvalueoffirmthroughcapitalstructurelistedmanufacturingcompaniesofindonesia AT madam effectofgrowthopportunitycorporatetaxandprofitabilitytowardvalueoffirmthroughcapitalstructurelistedmanufacturingcompaniesofindonesia AT uhamdan effectofgrowthopportunitycorporatetaxandprofitabilitytowardvalueoffirmthroughcapitalstructurelistedmanufacturingcompaniesofindonesia AT ahanafi effectofgrowthopportunitycorporatetaxandprofitabilitytowardvalueoffirmthroughcapitalstructurelistedmanufacturingcompaniesofindonesia |