Analisis Pengaruh Struktur Modal, Kepemilikan, dan Kinerja Keuangan Terhadap Nilai Perusahaan Manufaktur di Wilayah Daerah Khusus Jakarta
DOI:
https://doi.org/10.58812/jakws.v3i02.1315Kata Kunci:
Nilai perusahaan, Struktur modal, Struktur kepemilikan, Kinerja keuangan, Perusahaan manufakturAbstrak
Penelitian kuantitatif ini menguji dampak struktur modal, struktur kepemilikan, dan kinerja keuangan terhadap nilai perusahaan manufaktur di Daerah Khusus Ibukota Jakarta. Dengan menggunakan pemodelan persamaan struktural (SEM), data dari sampel purposif perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia dianalisis untuk menilai hubungan antara variabel-variabel tersebut. Temuan menunjukkan adanya hubungan yang signifikan antara struktur modal, struktur kepemilikan, kinerja keuangan, dan nilai perusahaan. Secara khusus, konsentrasi kepemilikan, metrik kinerja keuangan, dan keputusan struktur modal diidentifikasi sebagai faktor yang berpengaruh dalam menentukan nilai perusahaan. Hasil penelitian ini berkontribusi pada pemahaman yang lebih dalam tentang dinamika penilaian perusahaan dalam lanskap manufaktur di Jakarta dan menawarkan wawasan yang berharga bagi investor, manajer perusahaan, pembuat kebijakan, dan peneliti.
Referensi
Alamsyah, Muhammad Fuad, Alfin Akuba, and Mohammad Afan Gaffar Bimbing. 2023. “PENGARUH UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN MELALUI STRUKTUR MODAL SEBAGAI VARIABEL MEDIASI.” Jurnal Fokus Manajemen Bisnis 13(1): 91–105.
Angelica, Felicia, and Tjhai Fung Jin. 2023. “THE INVESTMENT OPPORTUNITY SET, RASIO KEUANGAN, KEPEMILIKAN SAHAM, UKURAN DAN NILAI PERUSAHAAN.” E-Jurnal Akuntansi TSM 3(1): 131–42.
Arslan, Muhammad. 2021. “Effect of Ownership Structure on Firm Performance Evidence from Non-Financial Listed Firms: Ownership Structure and Performance.” In Corporate Governance and Its Implications on Accounting and Finance, IGI Global, 143–70.
Ashari, Hasan, and Trinandari Prasetyo Nugrahanti. 2021. “Household Economy Challenges in Fulfilling Life Needs during the Covid-19 Pandemic.” Global Business and Economics Review 25(1): 21–39.
Chotimah, Chusnul, and Trinandari Prasetya Nugrahanti. 2022. “Penerapan Imbalan Kerja Berdasarkan Psak 24 Pada Pt Abc.” Humantech: Jurnal Ilmiah Multidisiplin Indonesia 2(01): 42–54.
Elmawati, Fitri, Habibur Rohman, and Muhammad Yasin. 2023. “Analisis Struktur Kinerja Dan Kluster Industri Unggulan.” Jurnal Mahasiswa: Jurnal Ilmiah Penalaran dan Penelitian Mahasiswa 5(2): 312–26.
Ferjiana, Tasya, and Kartina Natalylova. 2023. “Faktor-Faktor Yang Memengaruhi Nilai Perusahaan.” E-Jurnal Akuntansi TSM 3(1): 119–30.
Fuadah, Nurul et al. 2023. “Implementation of Operational Audits in an Effort to Improve the Efficiency and Effectiveness of the Marketing Function.” In International Conference on Economics, Management and Accounting (ICEMAC 2022), Atlantis Press, 227–38.
Harahap, Nabila Ananda Putri et al. 2023. “Analisis Perkkembangan Industri Manufaktur Indonesia.” El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam 4(5): 1444–50.
Hoang, Giang, and Kok Boon Oh. 2023. “Literature on Corporate Governance and Ownership Structure.” In An Empirical Study of SOE Corporate Governance Attributes for Emerging Markets, Springer, 39–76.
Imaduddin, Adim, Ernie Hendrawaty, and Sri Hasnawati. 2023. “THE EFFECT OF OWNERSHIP STRUCTURE ON COMPANY VALUE IN NON-FINANCIAL ISSUERS, 2016–2020.” Economía & Negocios 5(1): 3–18.
Imronudin, Imronudin, Jati Waskito, Ikeke Bunga Cantika, and Gramitha Sofiardhani. 2022. “The Effect of Liquidity and Capital Structure to Increase Firm Value Through Increasing Financial Performance.” Riset Akuntansi dan Keuangan Indonesia 7(3): 345–54.
Listyawati, Reni, and Fandi Galang Wicaksana. 2023. “Investment Decisions, Funding Decisions and Activity Ratios on Firm Value in Indonesia.” Kajian Bisnis Sekolah Tinggi Ilmu Ekonomi Widya Wiwaha 31(1): 65–80.
Lolo, Inri Marselina, Herman Karamoy, and Djeini Maradesa. 2023. “Financial Performance Analyisi Using Financiali Value Added, Refined Economic Value Added, and Cash Value Added in Banking Sub-Sector Companies on the Indonesia Stock Exchange for the 2019-2021 Period.” Indonesian Journal of Business Analytics 3(1): 75–84.
Madhani, Aris, and Sutrisno Sutrisno. 2023. “Financial Performance and Firm Value with Managerial Ownership as Moderating Variables.” International Journal of Social Science and Human Research 06.
Marselia, Mia, and Muhammad Rivandi. 2023. “Financial Performance Viewed From the Capital Structure and Firm Size in the Lq45 Company.” Jurnal Ekonomi Lembaga Layanan Pendidikan Tinggi Wilayah I 3(1): 19–24.
Maulina, Gilda. 2023. “Corporate Governance, Ownership Structure, and Firm Value: Evidence from Indonesia.” JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES 06.
Narsih, Narsih, Cicih Ratnasih, and Pudji Astuty. 2022. “National Development Emphasizing on the Manufacturing Industry Sector in West Java Province.” In Proceedings of the First Multidiscipline International Conference, MIC 2021, October 30 2021, Jakarta, Indonesia,.
Noriska, Ni Komang Septia, Mehilda Rosdaliva, and Marcelinus Anggun Dananto Kuncorojati. 2023. “An Analysis of Capital Structure, Stock Ownership Structure, and Profitability as Intervening Variables in Firm Value Testing.” Jurnal Multidisiplin Madani 3(6): 1363–73.
Nugrahanti, Trinandari P, and Adi Susilo Jahja. 2018. “Audit Judgment Performance: The Effect of Performance Incentives, Obedience Pressures and Ethical Perceptions.” Journal of Environmental Accounting and Management 6(3): 225–34.
Nugrahanti, Trinandari Prasetya et al. 2023. “Pelatihan Pencarian Referensi Penelitian Di Jurnal Index Scopus Dan Pengenalan Mendeley Desktop Untuk Meningkatkan Kualitas Karya Ilmiah Mahasiswa Tingkat Akhir.” Journal Of Human And Education (JAHE) 3(2): 585–91.
Nugrahanti, Trinandari Prasetyo et al. 2023. “Pengaruh Penerapan Teknologi Big Data, Independensi Auditor, Dan Kualitas Pelaporan Keuangan Terhadap Efektivitas Proses Audit.” Sanskara Akuntansi dan Keuangan 2(01): 47–54.
Oktaviyanti, Ika, and Sumartik Sumartik. 2023. “The Pecking Order Theory Perspective in the Study of Company Capital Structure (Study On Manufacturing Companies On The Indonesia Stock Exchange).” JBMP (Jurnal Bisnis, Manajemen dan Perbankan) 9(1): 53–62.
Oktrima, Bulan, and Budi Sutrisno. 2023. “Effect of Capital Structure and Profitability on Company Values.” International Journal of Educational Administration, Management, and Leadership: 13–20.
Permata, Irma Sari, and Mulyadi. 2020. “Determinan Nilai Perusahaan Manufaktur Di Bursa Efek Indonesia.” JRB-Jurnal Riset Bisnis 3(2): 91–96.
Aleksandr V. POPOV. 2022a. “MAIN TRENDS IN MODERN SOCIO-ECONOMIC DEVELOPMENT OF JAKARTA SPECIAL CAPITAL REGION (Part 1.).” Southeast Asia: Actual Problems of Development 1(1 (54)): 109–30.
———. 2022b. “MAIN TRENDS IN MODERN SOCIO-ECONOMIC DEVELOPMENT OF JAKARTA SPECIAL CAPITAL REGION (Part 2.).” Southeast Asia: Actual Problems of Development 2(2(55)): 88–111.
Rahmawati, Ika Yustina et al. 2023. “Financial Ratios and Corporate Governance’s Impact on Financial Performance in the Indonesian Stock Market: The Case in Manufacturing Industry.” Asian Journal of Economics, Business and Accounting 23(17): 1–12.
Royadi, Refi Nabillah, Soliyah Wulandari, Nurhanani Romli, and Mohd Yahya bin Mohd Hussin. 2022. “Comparison of Firm Value through Capital Structure Analysis in Indonesia and Malaysia.” ISLAMICONOMIC: Jurnal Ekonomi Islam 13(1).
Salida, Amrizal, and Nurul Rusdiansyah. 2023. “Exploring Social and Environmental Accounting Reporting Through Jurgen Habermas’s Critical Theory.” West Science Interdisciplinary Studies 1(08): 552–64.
Samuel, Yokthan Abelius, Sri Werdiningsih, Dyah Ani Pangastuti, and Ambar Woro Hastuti. “Analysis of the Influence of Ownership Structure, Company Growth, Dividend Policy, and Profitability on Firm Value (Empirical Study of Food and Beverage Subsector Manufacturing Companies Listed on the Indonesia Stock Exchange from 2017 to 2021).”
Santoso, Rachmat Agus, and Nurul Rusdiansyah. 2023. “Analisis Bibliometrik Tren Kolaborasi Penelitian Antar Peneliti Terkait Dengan Audit Eksternal Suatu Bisnis Serta Instansi Pemerintah Di Indonesia (Tahun 2018-2023).” Jurnal Aktiva: Riset Akuntansi dan Keuangan 6(1): 10–16.
Saputra, Aditya Dwi, Rahmad Yanuardi, and Aulia Maharani. 2023. “THE ROLE OF THE MANUFACTURING ON THE INDONESIAN ECONOMY.” Indonesian Journal of Multidisciplinary Sciences 2(1): 157–66.
Sari, Nada Kania, and Dewa Putra Krishna Mahardika. 2023. “Investigasi Aktivitas Lindung Nilai, Ukuran Perusahaan Dan Leverage Terhadap Kinerja Keuangan.” Jurnal Informatika Ekonomi Bisnis: 409–14.
Sasongko, Hendro, and Asep Alipudin. “Internal and External Determinants of Firm Value: A Study on the Manufacturing Companies in Indonesia.”
Sedovandara, Daud Fahkruddin, and Dewa Putra Krishna Mahardika. 2023. “Financial Performance Determinant: Evidence On Energy And Mineral Sector.” Jurnal Akuntansi 27(2): 299–317.
Sriwulandari, Mega Puspa, and Tri Ninigsih. 2023. “Effect of Capital Structure and Investment Policy on Firm Value.” Majalah Bisnis & IPTEK 16(1): 137–49.
Sudiyatno, Bambang, Sri Sudarsi, Witjaksono Hartoto, and Ika Fitriati. 2023. “Does Capital Structure Moderate the Impact of the Investment Opportunity Set and Institutional Ownership on Firm Value?” Investment Management and Financial Innovations 20: 79–88.
Tangngisalu, Jannati, Abdul Halik, and Edy Jumady. 2023. “Leverage Analysis, Investment Opportunity Set, and Ownership of Company Value.” International Journal of Professional Business Review: Int. J. Prof. Bus. Rev. 8(6): 34.
Yuniawati, Ayi, and Fanji Farman. 2023. “ANALYSIS OF FINANCIAL REPORTS TO ASSESS FINANCIAL PERFORMANCE.” Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA) 7: 889–900.
Гринюк, Наталія, Лариса Докієнко, Валентина Левченко, and Віктор Тринчук. 2023. “Capital Structure as a Criterion of Efficient Management of the Corporation’s Financial Recourses.” Financial and credit activity problems of theory and practice 2(49): 326–37.
Unduhan
Diterbitkan
Cara Mengutip
Terbitan
Bagian
Lisensi
Hak Cipta (c) 2024 Andueriganta Fadhlihi, Fazrian Thursina
Artikel ini berlisensiCreative Commons Attribution-ShareAlike 4.0 International License.
Facebook 
Instagram 
Twitter 
Youtube 
+62 821 1557 5700 
info@westscience-press.com 