Fundamental aspects of leverage, profitability and financial distress as mediating variables that influence firm value
This research aims to examine how leverage and equity affect firm value and financial distress as mediating factor in listed manufacturing firms on the Indonesia Stock Exchange. Such manufacturing businesses are the research's population. The manufacturing industry is the research sample from...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Universitas Islam Indonesia
2022-12-01
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| Series: | Jurnal Akuntansi dan Auditing Indonesia |
| Subjects: | |
| Online Access: | https://journal.uii.ac.id/JAAI/article/view/24902 |
| _version_ | 1797253828895047680 |
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| author | Sri Hermuningsih Hadri Kusuma Teguh Erawati Anisya Dewi Rahmawati |
| author_facet | Sri Hermuningsih Hadri Kusuma Teguh Erawati Anisya Dewi Rahmawati |
| author_sort | Sri Hermuningsih |
| collection | DOAJ |
| description |
This research aims to examine how leverage and equity affect firm value and financial distress as mediating factor in listed manufacturing firms on the Indonesia Stock Exchange. Such manufacturing businesses are the research's population. The manufacturing industry is the research sample from 2011 to 2021 periods. Purposive sampling was utilized in the sampling approach, resulting in data availability from 53 firms and 583 financial statement data—a structural equation model with structural equations for hypothesis testing. The test results demonstrate that leverage affects financial distress. Financial distress is negatively impacted by profitability. Leverage and financial distress negatively affect both firm value and financial distress, acting as a mediating factor. Conversely, profitability positively affects both firm value and financial distress, functioning as a mediating factor.
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| first_indexed | 2024-04-24T21:40:16Z |
| format | Article |
| id | doaj.art-352893cd99ea4265a6e61750468547c0 |
| institution | Directory Open Access Journal |
| issn | 1410-2420 2528-6528 |
| language | English |
| last_indexed | 2024-04-24T21:40:16Z |
| publishDate | 2022-12-01 |
| publisher | Universitas Islam Indonesia |
| record_format | Article |
| series | Jurnal Akuntansi dan Auditing Indonesia |
| spelling | doaj.art-352893cd99ea4265a6e61750468547c02024-03-21T07:59:36ZengUniversitas Islam IndonesiaJurnal Akuntansi dan Auditing Indonesia1410-24202528-65282022-12-0126210.20885/jaai.vol26.iss2.art3Fundamental aspects of leverage, profitability and financial distress as mediating variables that influence firm valueSri Hermuningsih0 Hadri Kusuma1Teguh Erawati2Anisya Dewi Rahmawati3Faculty of Economics, Universitas Sarjanawiyata Tamansiswa, Yogyakarta, IndonesiaAccounting Department, Universitas Islam Indonesia, Yogyakarta, IndonesiaFaculty of Economics, Universitas Sarjanawiyata Tamansiswa, Yogyakarta, IndonesiaFaculty of Economics, Universitas Sarjanawiyata Tamansiswa, Yogyakarta, Indonesia This research aims to examine how leverage and equity affect firm value and financial distress as mediating factor in listed manufacturing firms on the Indonesia Stock Exchange. Such manufacturing businesses are the research's population. The manufacturing industry is the research sample from 2011 to 2021 periods. Purposive sampling was utilized in the sampling approach, resulting in data availability from 53 firms and 583 financial statement data—a structural equation model with structural equations for hypothesis testing. The test results demonstrate that leverage affects financial distress. Financial distress is negatively impacted by profitability. Leverage and financial distress negatively affect both firm value and financial distress, acting as a mediating factor. Conversely, profitability positively affects both firm value and financial distress, functioning as a mediating factor. https://journal.uii.ac.id/JAAI/article/view/24902Leverageprofitabilityfinancial distressfirm value |
| spellingShingle | Sri Hermuningsih Hadri Kusuma Teguh Erawati Anisya Dewi Rahmawati Fundamental aspects of leverage, profitability and financial distress as mediating variables that influence firm value Jurnal Akuntansi dan Auditing Indonesia Leverage profitability financial distress firm value |
| title | Fundamental aspects of leverage, profitability and financial distress as mediating variables that influence firm value |
| title_full | Fundamental aspects of leverage, profitability and financial distress as mediating variables that influence firm value |
| title_fullStr | Fundamental aspects of leverage, profitability and financial distress as mediating variables that influence firm value |
| title_full_unstemmed | Fundamental aspects of leverage, profitability and financial distress as mediating variables that influence firm value |
| title_short | Fundamental aspects of leverage, profitability and financial distress as mediating variables that influence firm value |
| title_sort | fundamental aspects of leverage profitability and financial distress as mediating variables that influence firm value |
| topic | Leverage profitability financial distress firm value |
| url | https://journal.uii.ac.id/JAAI/article/view/24902 |
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