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

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.

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