The Effect of Capital Structure, Institutional Ownership, Research and Development on Firm Value in Pharmaceutical Sub-Sector Companies Listed on the Indonesia Stock Exchange
Year: 2025
Type: article
Abstract: This study aims to test and prove that capital structure, institutional ownership and research and development affect firm value in pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange, partially and simultaneously. The population of this study was all pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange, totaling 13 companies. The sampling technique used purposive sampling, so the sample was five companies for 10 periods, namely 2014 - 2023. The analysis method used in this study is panel data regression analysis with the help of EViews 10 software. The study's results indicate that only capital structure negatively and significantly affects firm value in the pharmaceutical sub-sector on the Indonesia Stock Exchange. In contrast, institutional ownership and research and development do not significantly affect firm value in the pharmaceutical sub-sector on the Indonesia Stock Exchange. Keywords: capital structure, institutional ownership, research and development, firm value
Authors: Lodi Salim, Azhar Maksum, Sambas Ade Kesuma
Institution: Universitas Sumatera Utara
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4411382126