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Capital Structure, Investment Opportunity Set, Growth Sales, Firm Size and Firm Value: R&D Intensity as Mediating

This research aimed to develop a theoretical approach as a mean to improve company value. The effort done were involving capital structure, investment opportunity set, sales growth, and company size, also proposing a research and development as an intervening variable so that to build a grand theo...

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Main Authors: Mahirun, Mahirun, KUSHERMANTO, Andi
Format: Article
Language:English
English
Published: Quality-Access to Success 2018
Subjects:
HB Economic Theory
HD61 Risk Management
HF5601 Accounting
Online Access:http://repository.unikal.ac.id/3/
http://repository.unikal.ac.id/3/
http://repository.unikal.ac.id/3/1/HASIL%20CEK%20TURNITIN%20QUALITY%20ACCESS%202018_MAHIRUN%20%28OK%29.pdf
http://repository.unikal.ac.id/3/2/bibliography.txt
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spelling repounikal-3 http://repository.unikal.ac.id/3/ Capital Structure, Investment Opportunity Set, Growth Sales, Firm Size and Firm Value: R&D Intensity as Mediating Mahirun, Mahirun KUSHERMANTO, Andi HB Economic Theory HD61 Risk Management HF5601 Accounting This research aimed to develop a theoretical approach as a mean to improve company value. The effort done were involving capital structure, investment opportunity set, sales growth, and company size, also proposing a research and development as an intervening variable so that to build a grand theoretical model. The population of this research was manufacture companies registered in Indonesia Stock Exchange during observation period from 2007 to 2015. Path analysis was used as a mean of analysis helped by AMOS program. The main finding was R&D intensity which is the mediation between the effect of debt to equity ratio and capital expenditure to book value of assets to to tobin’s q value. Debt equity ratio ot shown to have indirect influence on to tobin’s q positive value through R&D intensity. While R&D intensity did not mediate the effect of capital expenditure to book value of assets, and sales growth rate against to tobin’s q. The result showed R&D intensity and sales growth gave positive and no significant effect on to tobin’s q value, while debt to equity ratio gave negative and significant effect on to tobin’s q value, capital expenditure to book value of assets gave negative ang no significant effect to tobin’s q value. Meanwhile, debt to equity ratio gave positive and no significant effect on R&D intensity, and capital expenditure to book value of assets and sales growth did not influence the R&D intensity. Quality-Access to Success 2018-06 Article PeerReviewed text en http://repository.unikal.ac.id/3/1/HASIL%20CEK%20TURNITIN%20QUALITY%20ACCESS%202018_MAHIRUN%20%28OK%29.pdf other en http://repository.unikal.ac.id/3/2/bibliography.txt Mahirun, Mahirun and KUSHERMANTO, Andi (2018) Capital Structure, Investment Opportunity Set, Growth Sales, Firm Size and Firm Value: R&D Intensity as Mediating. Quality-Access to Success, 19 (164). pp. 117-122. ISSN 2668-4861 https://www.srac.ro/calitatea/
institution UNIKAL
collection ePrints
language English
English
topic HB Economic Theory
HD61 Risk Management
HF5601 Accounting
spellingShingle HB Economic Theory
HD61 Risk Management
HF5601 Accounting
Mahirun, Mahirun
KUSHERMANTO, Andi
Capital Structure, Investment Opportunity Set, Growth Sales, Firm Size and Firm Value: R&D Intensity as Mediating
description This research aimed to develop a theoretical approach as a mean to improve company value. The effort done were involving capital structure, investment opportunity set, sales growth, and company size, also proposing a research and development as an intervening variable so that to build a grand theoretical model. The population of this research was manufacture companies registered in Indonesia Stock Exchange during observation period from 2007 to 2015. Path analysis was used as a mean of analysis helped by AMOS program. The main finding was R&D intensity which is the mediation between the effect of debt to equity ratio and capital expenditure to book value of assets to to tobin’s q value. Debt equity ratio ot shown to have indirect influence on to tobin’s q positive value through R&D intensity. While R&D intensity did not mediate the effect of capital expenditure to book value of assets, and sales growth rate against to tobin’s q. The result showed R&D intensity and sales growth gave positive and no significant effect on to tobin’s q value, while debt to equity ratio gave negative and significant effect on to tobin’s q value, capital expenditure to book value of assets gave negative ang no significant effect to tobin’s q value. Meanwhile, debt to equity ratio gave positive and no significant effect on R&D intensity, and capital expenditure to book value of assets and sales growth did not influence the R&D intensity.
format Article
author Mahirun, Mahirun
KUSHERMANTO, Andi
author_facet Mahirun, Mahirun
KUSHERMANTO, Andi
author_sort Mahirun, Mahirun
title Capital Structure, Investment Opportunity Set, Growth Sales, Firm Size and Firm Value: R&D Intensity as Mediating
title_short Capital Structure, Investment Opportunity Set, Growth Sales, Firm Size and Firm Value: R&D Intensity as Mediating
title_full Capital Structure, Investment Opportunity Set, Growth Sales, Firm Size and Firm Value: R&D Intensity as Mediating
title_fullStr Capital Structure, Investment Opportunity Set, Growth Sales, Firm Size and Firm Value: R&D Intensity as Mediating
title_full_unstemmed Capital Structure, Investment Opportunity Set, Growth Sales, Firm Size and Firm Value: R&D Intensity as Mediating
title_sort capital structure, investment opportunity set, growth sales, firm size and firm value: r&d intensity as mediating
publisher Quality-Access to Success
publishDate 2018
url http://repository.unikal.ac.id/3/
http://repository.unikal.ac.id/3/
http://repository.unikal.ac.id/3/1/HASIL%20CEK%20TURNITIN%20QUALITY%20ACCESS%202018_MAHIRUN%20%28OK%29.pdf
http://repository.unikal.ac.id/3/2/bibliography.txt
first_indexed 2019-12-13T02:06:01Z
last_indexed 2019-12-13T02:06:01Z
_version_ 1653061604806230016
score 11.174184

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