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Structure Capital and Company Value: Analysis Company Size Moderation (Studies Case on Company Sub Sector Pharmacy in Stock Exchange Effect Indonesia 2018-2023 Period)

Year: 2025

Type: article

Abstract: This research was conducted to determine the effect structure of capital on firm value by using firm size moderation, a case study to pharmaceutical sector section companies on the Indonesian stock exchange for time span 2018 to 2023. Data processing using moderated regression analysis (MRA), and analysis regression. The study found that structure of capital, as measured by DER (Debt to Equity Ratio), has a positive and significant effect on firm value, as measured by PBV. Company size moderates the effect of capital structure on company value. The results also show that firm size, when interacting with capital structure, moderates the effect of capital structure on firm value.

Source: Asian Journal of Applied Business and Management

Authors: Zezen Muzaenur Romli, Akhmadi Akhmadi, Imam Abu Hanifah

Institution: Sultan Ageng Tirtayasa University

Language: English

Topic: Financial Analysis and Corporate Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4413945720

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