The Impact Of Macroeconomics, Liquidity, Asset Structure On Firm Value In The Heavy Construction & Civil Engineering Sub-Sector On The Indonesia Stock Exchange

Nekky Rahmiyati Faculty of Economics and Business, Universitas 17 Agustus 1945 Surabaya
Titiek Rachmawati Faculty of Economics and Business, Universitas 17 Agustus 1945 Surabaya
Erwin Dyah Faculty of Economics and Business, Universitas 17 Agustus 1945 Surabaya

DOI: https://doi.org/10.30996/die.v13i2.7303

Keywords: macroeconomics, liquidity, asset structure

Abstract

Study aims to see the relationship between macroeconomic, liquidity , asset structure variables, on firm value with profitability and capital structure as an intervening variable in the in the Heavy Construction & Civil Engineering Sub-Sector on the Indonesia Stock Exchange 2019-2021 The types of research are quantitative, the number of samples is 15 and the sampling technique is purposive sampling . This study uses SEM (Structural) analysis. Equation Modeling) based on component or variance, namely Partial Least Square (PLS), using Smart PLS 3.0 software. According to the findings of the study, macroeconomic variables had positive effect on firm value and capital structure but not significant, macroeconomic variables had a negative effect on profitability but not significant. Assets structure variables had a positive effect on profitability and capital structure but not significant. Assets structure variables had a negative effect on firm value but not significant. Liquidity had a negative effect on profitability and firm value but not significant, Liquidity had a negative effect on capital structure but significant . Profitability had a positif effect on firm value but not significant. capital structure variables had a negative effect on firm value but significant

References

Bambang, Sudiyatno. 2010. “Peran Kinerja Perusahaan dalam Menentukan Pengaruh Faktor Fundamental Makro Ekonomi, Risiko Sistematis, dan Kebijakan Perusahaan Terhadap Nilai Perusahaan”. Disertasi. Semarang : UNDIP.
Boediono. 2014. Seri Sinopsis Pengantar Ilmu Ekonomi No. 2 Ekonomi Makro, Yogyakarta: BPFE-Yogyakarta.
Fahmi, Irham. (2014). Manajemen Keuangan Perusahaan dan Pasar Modal. Bogor: Mitra Wacana Media.
F. Brigham Eugene & Joel F. Houston. (2010). Dasar –dasar Manajemen Keuangan (edisi 11 Buku 1). Jakarta: Salemba Empat.
Fahmi, Irham. 2013. Analisis Laporan Keuangan. Bandung: Alfabeta
Fahmi, Irham.2015. Pengantar Teori Portofolio dan Analisis Investasi.Bandung : Alfabeta
Husnan, Suad dan Enny Pudjiastuti. 2006. Dasar-Dasar Manajemen Keuangan. Edisi Kelima. UPP STIM YKPN : Yogyakarta
Husnan, Suad dan Enny Pudjiastuti. 2012. Dasar – Dasar Manajemen Keuangan. Edisi Keenam. Cetakan Pertama. Yogyakarta : UPP STIM YPKN
James C. Van Horne, dan John M. Wachowicz, Jr. 2012. Primsip-prinsip Manajemen Keuangan (Fundamentals of Financial Management). Edisi 13 Buku 1. Jakarta: Salemba Empat
Kasmir, 2011, Analisis Laporan Keuangan, Raja Grafindo Persada: Jakarta
Mudrajat, Kuncoro, 2001. Manajemen Keuangan Internasional: Pengatur Ekonomi dan Bisnis Global, Edisi 2, Yogyakarta: BPFE UGM Yogyakarta.
Manoppo, H., & Arie, F. V. (2016). The Influence of Capital Structure, Company Size and Profitability Towards Automotive Company Value of IDX Period 2011-2014. Journal EMBA, 4(2), 485-497.
Munawir. (2015). Analisa Laporan Keuangan. Cetakan ke Lima Belas. Yogyakarta: YKPN.
Putro, D. C., & Risman, A. (2021). The Effect of Capital Structure and Liquidity on Firm Value Mediated by Profitability. The EUrASEANs: journal on global socio-economic dynamics, (2 (27)), 26-34.
Sutrisno, S. (2016). Struktur modal: Faktor penentu dan pengaruhnya pada nilai perusahaan. Jurnal Siasat Bisnis, 20(1), 79-89.
Sukirno, Sadono. 2011, Makro ekonomi, teori dan Pengantar (3 ed) , Jakarta: Raja Grafindo Persada
Salvatore, D. 2005. Ekonomi Manajerial. Salemba Empat, Jakarta. (Diterjemahkan oleh Ichsan Setyo Budi, Editor Palupi Wuriart)
Yulianti, Sri Handaru dan Prasetyo, Handoyo. 2002. Dasar-Dasar Manajemen Keuangan Internasional. Yogyakarta: ANDI

Published

2022-09-26

Issue

Vol 13 No 2 (2022): SEPTEMBER

Section

Articles

The author who will publish the manuscript at DiE: Jurnal Ilmu Ekonomi dan Manajemen, agree to the following terms:

1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution ShareAlike License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.

2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.

3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories, pre-prints sites or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater dissemination of published work