ARTICLE
TITLE

Capital structure, profitability, hedging policy, firm size, and firm value: Mediation and moderation analysis

SUMMARY

This study aims to ascertain how the capital structure affects firm value via profitability moderated by hedging practices and firm size. Verification analysis is used in this study, with data analysis techniques through conditional process analysis. Companies from miscellaneous industrial sectors that were listed on the Indonesia Stock Exchange between 2016 and 2020 make up the research population. The study showed that: capital structure affects profitability; capital structure and profitability affect firm value; profitability does not mediate the effect of capital structure on firm value, which is moderated by hedging policies and firm size; hedging policies and firm size do not moderate the indirect effect of profitability on firm value. This conclusion is crucial for decision-makers who aim to optimize the structure to raise the business value.

 Articles related

Sidney Correa de Souza,Helena Doris de Almeida Barbosa,Vânia Lúcia Quadros Nascimento,Thiliane Regina Barbosa Meguis    

As políticas públicas de lazer têm papel fundamental na oferta de bem-estar aos moradores de uma cidade por lhes proporcionar prazer e satisfação, mesmo na rotina cada vez mais acelerada pelas exigências do mundo contemporâneo. No entanto, em muitos luga... see more


Rilla Gantino,Leli Ruliati Alam    

Competitive advantage through the use of knowledge and creating a good image through CSR activities is needed to face competition. Many companies have moved from resource based to knowledge base. Companies that are able to innovate and are able to create... see more


Elisa Tjondro,Ning Chang,Iline Lianata,Veronica Yuliani,Nathasa Prayitno    

The aim of this study is to explain the board interlock association on high-tech firm performance in three growth ASEAN countries. The research samples were 109 high-tech listed manufacturing firms, consisting of 38 Indonesian firms, 37 Malaysian firms, ... see more


(7) Eni Wuryani ()    

This study examines the effect of intellectual capital on firm value. Methods of data collection with documentation data in the form of financial reporting Companies listed on the Indonesia Stock Exchange, 2014 to 2016. Data processed was 84 companies. A... see more


(5) Rahmat Setiawan (Master of Science in Management, Department of Management, Faculty of Economics and Business, Airlangga University, Indonesia)(6) Rana Adelisa (Master of Science in Management, Department of Management, Faculty of Economics and Business, Airlangga University, Indonesia)    

The purpose of this paper is to examine the relation between corporate governance and capital structure with moderation effect of CEO tenure in manufacturing firms listed on the Indonesia Stock Exchange. The data is acquired from the firm's annual report... see more