اختيار الهيكل المالي للمؤسسات المدرجة في بورصة الجزائر : دراسة قياسية للفترة 2011 - 2013 = The Choice of the Capital Structure of Listed Companies on the Stock Exchange of Algiers : Econometric Study of the Period 2011 - 2013

2015 ◽  
pp. 125-146
Author(s):  
محمد زيدان ◽  
جمال قدام
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Listed Companies ◽  
Econometric Study ◽  
The Capital Structure

scholarly journals PROFITABILITY, GROWTH OPPORTUNITY, CAPITAL STRUCTURE AND THE FIRM VALUE

2014 ◽  
Vol 16 (2) ◽  
pp. 115-136 ◽  
Author(s):  
Sri Hermuningsih
Keyword(s):  
Capital Structure ◽  
Structural Equation Model ◽  
Firm Value ◽  
Structural Equation ◽  
Stock Exchange ◽  
Listed Companies ◽  
Equation Model ◽  
Growth Opportunity ◽  
The Capital Structure

This paper examines the influence of profitability, growth opportunity, and capital structure on firm value. We apply Structural Equation Model (SEM) on 150 listed companies on the Indonesia Stock Exchange during 2006 to 2010. The result shows that profitability, growth opportunity and capital structure positively and significanctly affect the company’s value. Secondly, the capital structure intervene the effect of growth profitability on company’s value, but not for profitability. Keywords: profitability, growth opportunitiy, capital structure, firm value, SEM.JEL Classification: C51, G32, L25

scholarly journals PENGARUH PROFITABILITAS, GROWTH OPPORTUNITY, STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN PUBLIK DI INDONESIA

2014 ◽  
Vol 16 (2) ◽  
pp. 127-148 ◽  
Author(s):  
Sri Hermuningsih
Keyword(s):  
Capital Structure ◽  
Structural Equation Model ◽  
Firm Value ◽  
Structural Equation ◽  
Stock Exchange ◽  
Listed Companies ◽  
Equation Model ◽  
Growth Opportunity ◽  
The Capital Structure

This paper examines the influence of profitability, growth opportunity, and capital structure on firm value. We apply Structural Equation Model (SEM) on 150 listed companies on the Indonesia Stock Exchange during 2006 to 2010. The result shows that profitability, growth opportunity and capital structure positively and significanctly affect the company’s value. Secondly, the capital structure intervene the effect of growth profitability on company’s value, but not for profitability. Keywords: profitability, growth opportunitiy, capital structure, firm value, SEM.JEL Classification: C51, G32, L25

scholarly journals Ukuran Perusahaan Struktur Modal dan Nilai Perusahaaan

2014 ◽  
Vol 5 (1) ◽  
Author(s):  
Heince R.N Wokas
Keyword(s):  
Capital Structure ◽  
Path Analysis ◽  
Hypothesis Testing ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Listed Companies ◽  
Conducting Path ◽  
Internal Funding ◽  
The Capital Structure

The objective of this study is to find and to test the effect of firm size, capital structure, to firm value.  The data for this study is secondary and taken in period of 2009 till 2011. The background of this study is based on inconsistency between fir size and capital structure to firm value. The study is using 22 listed companies in Indonesia Stock Exchange. This study is conducting path analysis for hypothesis testing. The result of analysis is showing that firm size is not affecting the capital structure. Because market consideration on entity is to see the performance of entity to empower their internal funding rather than its size. This study is showing the significance relationship between capital structure and firm value of manufacturer companies in Indonesia.

scholarly journals Impact of Macroeconomic Conditions, Industry Attributes and Firms Related Variables on Capital Structure: A Cross Industry Analysis

2020 ◽  
Vol 6 (1) ◽  
pp. 287-300
Author(s):  
Rana Shahid Imdad Akash ◽  
Muhammad Mudasar Ghafoor ◽  
Nida Siddique
Keyword(s):  
Capital Structure ◽  
Financial Market ◽  
Financial Distress ◽  
Stock Exchange ◽  
Listed Companies ◽  
Seemingly Unrelated Regression ◽  
Growth Environment ◽  
Macroeconomic Conditions ◽  
Unrelated Regression ◽  
The Capital Structure

Purpose: This study is conducted to examine the main strength of firms’ specific variables, industry effects and macroeconomic conditions in predicting the capital structure choices of non financial listed companies of Pakistan Stock Exchange (PSX-100). Design/Methodology/Approach: To perform the study, a sample of twelve sectors covering a period from 2012 to 2017 is taken from PSX-100.  Seemingly Unrelated Regression (SUR) model is applied to explore the capital structure choices. Results of study indicate that the short term debt plays a major part in designing the capital structure of listed companies of PSX-100. Findings: Macroeconomic conditions have been identified to cause an increase in financial distress and costs of debt unanimously. The financial distress and costs are significant in financial market developments for a time horizons. Implications/Originality/Value: The development in financial markets can have an opportunity to increase the choice of capital structure of firms optimistically. It is explored that source of capital choice seems to decrease in agency behavior and risk due to refinancing. The less agency problem and less risk provide better choice of debt and future growth to the financial market. The growth environment is life blood of financial market and economy.

Good Corporate Governance, Profitabilitas, Ukuran Perusahaan dan Struktur Modal

2017 ◽  
Vol 9 (1) ◽  
pp. 1-17
Author(s):  
Hesty Juni Tambuati Subing
Keyword(s):  
Capital Structure ◽  
Board Of Directors ◽  
Firm Size ◽  
Stock Exchange ◽  
Secondary Data ◽  
Institutional Ownership ◽  
Annual Reports ◽  
Financial Reports ◽  
Basic Industry ◽  
The Capital Structure

The purpose of this research is to know about the effect of these factors Corporate Governane proxy by Institutional Ownership and Number of Board of Directors, Firm Size, and Return On Asset in basic industry and chemistry towards capital structure, and also to determine which of those factors having powerful effect to the capital structure. This research is using secondary data, such as the financial reports, annual reports and other related information of basic industry and chemistry listed in Indonesian Stock Exchange which sample were taken from 45 companies for the period of 2013 to 2014, and the choosing of these samples was based on the purposive sampling method. Panel data is used to test the effect of Institutional Ownership, Board of Directors, Return on Asset and Firm Size among as independent variables, in regard to capital structure as dependent variables. The result shows that only Return On Asset have significant effect to the Capital Structure in the basic industry and chemistry. Meanwhile Institutional Ownership, Board of Directors and Firm Size have no effect to the Capital Structure in the basic industry and chemistry. Keywords: Institutional Ownership, Board of Directors, Return On Asset, Firm Size, Capital Structure

Financial Leverage and its Determinants: Evidence from Indian Cement Industry

2015 ◽  
Vol 7 (1) ◽  
Author(s):  
Anupam De ◽  
Arindam Banerjee
Keyword(s):  
Growth Rate ◽  
Capital Structure ◽  
Firm Growth ◽  
Stock Exchange ◽  
Debt Service ◽  
Cement Industry ◽  
Business Risk ◽  
Service Capacity ◽  
Independent Variables ◽  
The Capital Structure

In this study an attempt has been made to examine the determinants of capital structure in companies belonging to the Cement Industry of India. The companies listed in the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) has been used for the study. The study has been conducted for the period from 1999-2000 to 2010-2011. To study the influence of various independent variables on the capital structure, Multiple Regression Analysis has been carried out taking the ratio of average total debt to average total assets as dependent variable and seven variables, which might have some impact on the capital structure, as independent variables. These seven variables are namely business risk, size of the firm, growth rate, debt service capacity, degree of operating leverage, dividend payout, and earning rate. It is observed from the study that size of the firm, debt service capacity, business risk and growth rate are statistically significant to have an influence in taking capital structure related decisions and considered as determinants of capital structure of the listed companies belonging to the Indian Cement

scholarly journals PENGARUH UKURAN PERUSAHAAN DAN RISIKO BISNIS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN INDUSTRI OTOMOTIF YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 15 (2) ◽  
pp. 165-187
Author(s):  
Mohamad Ali Wairooy
Keyword(s):  
Capital Structure ◽  
Automotive Industry ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Business Risk ◽  
Exchange Data ◽  
The Capital Structure

This study aims to examine and analyze the effect of partially or simultaneously the size of the company and business risk on the capital structure of the Automotive Industry Company Registered on the Indonesia Stock Exchange. Data collection uses secondary data using purposive sampling technique. The population in this study were all automotive industry companies as many as 17 companies listed on the Indonesia stock exchange for the period 2014-2016, while the samples taken were the number of observations for 3 years (2014-2016). The data obtained were analyzed using multiple linear regression analysis. The results showed that all hypotheses had a positive and significant effect based on t test and F test. This means that both partially and simultaneously the size of the company and business risk had a positive and significant effect on the capital structure of the Automotive Industry Company Listed on the Indonesia Stock Exchange.

Sign in / Sign up

Export Citation Format

Share Document