The Effect of Liquidity, Asset Structure, Capital Structure on Firm Value with Profitability and GCG as Intervening Variables on Non-Cyclical Consumer Listed on the Indonesia Stock Exchange
Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 07
Abstract
This study aims to determine the effect of liquidity, asset structure, and capital structure on firm value with profitability and good corporate governance (GCG) as intervening variables in non-cyclical consumer companies listed on the Indonesia Stock Exchange (IDX). The data collection technique used in this study is annual report documentation for 6 years starting from 2015- 2021 from Personal Care Product companies listed on the IDX, with a total sample of 5 companies selected through purposive sampling. The collected data were analyzed using Partial Least Squares (PLS) analysis, and the findings were interpreted using a path analysis approach. In conclusion, liquidity and asset structure have a negative relationship with profitability and firm value but have a positive relationship with GCG. On the other hand, capital structure has a negative relationship with profitability and GCG but has a positive relationship with firm value. Profitability has a positive relationship with firm value, while GCG has a negative relationship. Profitability and GCG have a negative relationship as intervening variables in the effect of liquidity and asset structure on firm value but have a positive relationship as intervening variables in the effect of capital structure on firm value.
Authors and Affiliations
Nur Siti Latipah, Hwihanus, Nekky Rahmiyati
Keywords
Related Articles
- EP ID EP727232
- DOI 10.47191/jefms/v6-i7-39
- Views 58
- Downloads 0
The Effect of Personality and Organizational Citizenship Behaviour (OCB) on Motivation on the Performance of the East Java Provincial Environmental Service
This study aims to determine the effect of Personality and Organizational Citizenship Behaviour (OCB) on Motivation on the performance of the Environmental Service of East Java Province. To analyse the causal relationshi...
Socio-Economic Challenges Affecting Construction Women Labourers (WCLs) in The Nigerian Construction Sector (NCS)
Women constitute about half of the population of Nigeria and thus a critical mass in the human capital of the country. They make significant contributions to social and economic development of the society, yet they are n...
Determinants of Integrity of Financial Statements in Indonesian Manufacturing Companies
This study aims to analyze the effect of Institutional Ownership, Leverage, and Company Size on the Integrity of Financial Statements either partially or simultaneously. The population used in this study are all manufact...
The Effect of Auditor Quality, Liquidity, Profitability, and Solvency on Going Concern Audit Opinions on Property and Real Estate Companies Listed on IDX in 2016-2020
This is document gives formatting instructions for authors preparing papers for publication in the Recent Science Journals. The authors must follow the instructions given in the document for the papers to be published. Y...
Implementation of Digital Applications to Broiler Chicken Farmers in Jenggawah District, Jember District
Research data collection was carried out on July 1 – October 30, 2022, at breeders in the Jenggawah sub-district, Jember district. The purpose of this study was to find out the analysis of partnership pattern broiler far...