EFFECTS OF INSTITUTIONAL OWNERSHIP AND PROFITABILITY TO FIRM VALUE WITH THE CAPITAL STRUCTURE AS INTERVENING VARIABLE (EMPIRICAL STUDY AT COMPANY TOURISM INDUSTRY SECTOR LISTED IN INDONESIA STOCK EXCHANGE)

Ngatemin, and Maksum, Azhar and Erlina, and Sirojuzilam, (2017) EFFECTS OF INSTITUTIONAL OWNERSHIP AND PROFITABILITY TO FIRM VALUE WITH THE CAPITAL STRUCTURE AS INTERVENING VARIABLE (EMPIRICAL STUDY AT COMPANY TOURISM INDUSTRY SECTOR LISTED IN INDONESIA STOCK EXCHANGE). In: The 1st Unimed International Conference On Economics And Business 2017 (UNICEB), 12 Dec 2017, Medan.

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Abstract

This research aims to examine empirically the influence of intitutional ownership and profitability to firm value through capital structure. Population in this research are tourism industrial sectors listed in the Indonesian Stock exchange which had been active since 2007- 2014 as many as 19 companies. The hyphothesis examination uses regression analysis with the SPSS program. Results of the research show institutional ownership and profitability have significant effect to capital structure and firm value. But the capital structure has no significant effect to firm value. Path analysis test shows that the capital structure can be an intervening variable to mediate the relationship between institutional ownership with firm value, but the capital structure cannot be an intervening variable that mediates the relationship between profitability with firm value.

Item Type: Conference or Workshop Item (Paper)
Keywords: institutional ownership; profitability; capital structure; firm value
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD2321 Industry
S Agriculture > SF Animal culture > SF111 Cost, yield, and profit. Accounting
Divisions: Fakultas Ekonomi
Depositing User: Mrs Gusti Lisa Utami
Date Deposited: 22 Jan 2018 02:24
URI: http://digilib.unimed.ac.id/id/eprint/28347

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