Влияние возможностей роста, корпоративного налога и рентабельности на стоимость фирмы через структуру капитала (в индонезийских производственных компаниях, котирующихся на бирже)


https://doi.org/10.26794/2587-5671-2019-23-5-18-29

Полный текст:


Аннотация

Цель исследования — определить влияние возможности роста, корпоративного налога и прибыльности на стоимость фирмы через структуру капитала как промежуточную переменную в производственных компаниях Индонезийской фондовой биржи. Выборка состоит из 32 компаний производственного сектора, котирующихся на Индонезийской фондовой бирже в течение 2013–2017 гг. Результаты исследования показывают, что возможность роста и корпоративный налог положительно влияют на структуру капитала в отличие от прибыльности, которая оказывает отрицательное воздействие. Между тем, структура капитала и прибыльность работают на повышение стоимости фирмы. С другой стороны, возможности роста и корпоративный налог не сказываются на стоимости компании. Структура капитала не является посредником между возможностями роста и корпоративным налогом, тем не менее она опосредует влияние прибыльности на стоимость фирмы.


Об авторах

. Амарудин
Университет Шривиджая
Индонезия

Амарудин — аспирант экономического факультета

Палембанг



М. Адам
Университет Шривиджая
Индонезия

Мохамад Адам — профессор экономического факультета

Палембанг



У. Хамдан
Университет Шривиджая
Индонезия

Умар Хамдан — преподаватель экономического факультета

Палембанг



А. Ханафи
Университет Шривиджая
Индонезия

Агустина Ханафи — преподаватель экономического факультета, магистр наук управления

Палембанг



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Дополнительные файлы

Для цитирования: Амарудин .., Адам М., Хамдан У., Ханафи А. Влияние возможностей роста, корпоративного налога и рентабельности на стоимость фирмы через структуру капитала (в индонезийских производственных компаниях, котирующихся на бирже). Финансы: теория и практика/Finance: Theory and Practice. 2019;23(5):18-29. https://doi.org/10.26794/2587-5671-2019-23-5-18-29

For citation: Amarudin .., Adam M., Hamdan U., Hanafi A. Effect of Growth Opportunity, Corporate Tax, and Profitability toward Value of Firm through Capital Structure (listed Manufacturing Companies of Indonesia). Finance: Theory and Practice. 2019;23(5):18-29. https://doi.org/10.26794/2587-5671-2019-23-5-18-29

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ISSN 2587-5671 (Print)
ISSN 2587-7089 (Online)