EFFECT OF THE ASSETS STRUCTURE, GROWTH OPPORTUNITY, AND SYSTEMATIC RISK ON CAPITAL STRUCTURE AND CAPITAL STRUCTURE EFFECT ON COMPANY VALUE

Nurfitri Desliniati(1), Didi Sundiman(2*),

(1) 
(2) 
(*) Corresponding Author

Abstract


This study aimed to examine the effect of capital structure, growth opportunity, and the systematic risk of
the capital structure and the effect of capital structure on firm value. The dependent variable in this study
is the value of the company on the capital structure, while independent variables used is the capital
structure, growth opportunity, and the systematic risk.Research using secondary data source data
originating from the Indonesian Stock Exchange (BEI) and yahoo finance. Sampling using purposive
sampling method. So from 55 companies property, real estate, and construction of 37 companies in the
sample taken in the period 2010-2014 with a total of 185 observations. The data used in this study is a
data panel. Data analysis using Eviews 6.0 program. Data analysis technique used is panel data
regression analysis with fixed effect models method (FEM).The results showed that during the study
period from 2010 to 2014 in partial capital structure have significant and positive effect on the capital
structure, while the growth opportunity and systematic risk and no significant effect on the capital
structure. Capital structure have significant and positive effect on firm value.

Keywords


Company Firm; Capital Structure; Growth Opportunity; Systematic Risk

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DOI: https://doi.org/10.24123/jmb.v15i1.36

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