The Effect of Business Risk and Firm Size on Firm Value with Debt Policy as Intervening Variable

Akhmad Bandanuji · Moh Khoiruddin

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Corporate Finance and Governance Financial Analysis and Corporate Governance Financial Reporting and Valuation Research

Abstract

This study aims to determine the effect of business risk and firm size on firm value with debt policy as intervening variable. The population used in this study are property and real estate companies listed on Indonesia Stock Exchange (BEI) during 2014-2018. Sample determination was done by purposive sampling method. Methods of data analysis using multiple linear regression analysis and path analysis. The results showed that business risk negatively affect the debt policy, while firm size has a positive effect on debt policy. Business risk negatively affects firm values while firm size and debt policy have a positive effect on firm value. Debt policy is only able to mediate the impact of business risk on corporate value

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References

2011The Effect of Leverage on Firm Value and How The Firm Financial Quality Influence on This Effect 2010Faktor-faktor yang Mempengaruhi Struktur Modal 2016PENGARUH STRUKTUR MODAL, KEBIJAKAN DIVIDEN, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR 2012PENGARUH PROFITABILITAS, SIZE TERHADAP NILAI PERUSAHAAN DENGAN SRUKTUR MODAL SEBAGAI VARIABEL INTERVENING 2014Capital Structure, Profitability and Firm Value: Panel Evidence of Listed Firms in Kenya 2013VARIABEL-VARIABEL YANG MEMPENGARUHI STRUKTUR MODAL PADA PERUSAHAAN PUBLIK SEKTOR NON KEUANGAN 2013KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL, DAN KINERJA KEUANGAN SEBAGAI PENENTU STRUKTUR MODAL PERUSAHAAN 2012PENGARUH KEBIJAKAN MANAJEMEN KEUANGAN TERHADAP NILAI PERUSAHAAN

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2021THE EFFECT OF PROFITABILITY, FIRM SIZE, EQUITY OWNERSHIP AND FIRM AGE ON FIRM VALUE (LEVERAGE BASIS): Evidence from the Indonesian Manufacturer Companies

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