Capital structure, profitability, hedging policy, firm size, and firm value: Mediation and moderation analysis
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...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
IEECA
2022-11-01
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| Series: | Journal of Eastern European and Central Asian Research |
| Subjects: | |
| Online Access: | https://ieeca.org/journal/index.php/JEECAR/article/view/1063 |
| _version_ | 1798045272835620864 |
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| author | Erik Syawal Alghifari Ikin Solikin Nugraha Nugraha Ika Waspada Maya Sari Lilis Puspitawati |
| author_facet | Erik Syawal Alghifari Ikin Solikin Nugraha Nugraha Ika Waspada Maya Sari Lilis Puspitawati |
| author_sort | Erik Syawal Alghifari |
| collection | DOAJ |
| description |
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.
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| first_indexed | 2024-04-11T23:18:07Z |
| format | Article |
| id | doaj.art-dffd2b2b71094464ab5c99db7d9f5889 |
| institution | Directory Open Access Journal |
| issn | 2328-8272 2328-8280 |
| language | English |
| last_indexed | 2024-04-11T23:18:07Z |
| publishDate | 2022-11-01 |
| publisher | IEECA |
| record_format | Article |
| series | Journal of Eastern European and Central Asian Research |
| spelling | doaj.art-dffd2b2b71094464ab5c99db7d9f58892022-12-22T03:57:33ZengIEECAJournal of Eastern European and Central Asian Research2328-82722328-82802022-11-019510.15549/jeecar.v9i5.1063Capital structure, profitability, hedging policy, firm size, and firm value: Mediation and moderation analysisErik Syawal Alghifari0Ikin Solikin1Nugraha Nugraha2Ika Waspada3Maya Sari4Lilis Puspitawati 5Universitas PasundanUniversitas Pendidikan IndonesiaUniversitas Pendidikan IndonesiaUniversitas Pendidikan IndonesiaUniversitas Pendidikan IndonesiaUniversitas Komputer Indonesia 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. https://ieeca.org/journal/index.php/JEECAR/article/view/1063capital structureprofitabilityhedging policyfirm sizefirm value |
| spellingShingle | Erik Syawal Alghifari Ikin Solikin Nugraha Nugraha Ika Waspada Maya Sari Lilis Puspitawati Capital structure, profitability, hedging policy, firm size, and firm value: Mediation and moderation analysis Journal of Eastern European and Central Asian Research capital structure profitability hedging policy firm size firm value |
| title | Capital structure, profitability, hedging policy, firm size, and firm value: Mediation and moderation analysis |
| title_full | Capital structure, profitability, hedging policy, firm size, and firm value: Mediation and moderation analysis |
| title_fullStr | Capital structure, profitability, hedging policy, firm size, and firm value: Mediation and moderation analysis |
| title_full_unstemmed | Capital structure, profitability, hedging policy, firm size, and firm value: Mediation and moderation analysis |
| title_short | Capital structure, profitability, hedging policy, firm size, and firm value: Mediation and moderation analysis |
| title_sort | capital structure profitability hedging policy firm size and firm value mediation and moderation analysis |
| topic | capital structure profitability hedging policy firm size firm value |
| url | https://ieeca.org/journal/index.php/JEECAR/article/view/1063 |
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