PENGARUH STRUKTUR MODAL SEBELUM DAN SESUDAH GO PUBLIC TERHADAP NILAI PERUSAHAAN

Authors

  • Patricia Kartika Surya Universitas Prof. Dr. Moestopo, Jakarta

DOI:

https://doi.org/10.32509/jakpi.v2i2.2464

Keywords:

Capital Structure, Go Public, A Company’s Value

Abstract

This research is aimed to distinguish the difference between the capital structure of
PT Sampoerna Agro Tbk before and after go public and also to find out whether the capital structure can affect the company’s value. This research utilizes “associative” and “comparative” methods which examines the relationship between two or more variables. Qualitative analysis is used to explore the relationship between variables using quantitative data derived from
PT Sampoerna Agro Tbk’s consolidated financial statements for the years ended December 31, 2004 to December 31, 2009. From the research results, the company’s capital structure affects the company’s value which is calculated by three test methods, which are Modigliani Miller Value (V), Enterprise Value Multiplier and Tobin Q, especially after go public

References

Book

Bringham, Eugene F., & Gapenski, L.C. 2006. Financial Management: Theory & Practice, 11th ed. The Dryden Press-NY, USA.

Fakhruddin, M. & Hadianto, M.S. 2001. Perangkat dan Model Analisis Investasi di Pasar Modal, PT Elex Media Komputindo, Jakarta

Gitman, Lawrence J. 2006. Principles of Managerial Finance (Eleventh Edition). Pearson Addison Wesley, USA

Van Horne, James C and Wachowicz, John. 1007. Prinsip-prinsip Manajemen Keuangan Buku 2 Edisi 12. Terjemahan Dewi Fitriasari dan Deny Arnos Kwary, Jakarta Salemba Empat

Article from website with author's name

Black, Bernard S., H.Jang and W.Kim, 2003, Does Corporate Governece Affect Firm Value? Evidence from Korea. http://papers.ssrn.com

Damodaran, Aswath. Risk Premium for Other Markets untuk Indonesia dalam http://pages.stern.nyu.edu/-adamodar/

Klapper, Leora F., & I. Love. 2002. Corporate Governance, Investor Protection, and Performance in Emerging Market. World Bank Working Paper

Modgliani, F. & Miller, M.H.1963. Corporate Income Taxes and the Cost of Capital: A Correction. American Economic Review, 53(3), 433-443.

PT Bursa Efek Indonesia Report, tahun 2004, 2005. 2006, 2007. 2008 dan 2009. Melalui http://www.idx.co.id/

Printed journal

Chung Kee. H., & Stephen W. Pruitt. 1994. A Simple Approximation of Tobin Q, Financial Management, Vol. 23, No. 3, 1994

Christianti, Ari, 2006. Penentuan Perilaku Kebijakan Struktur Modal pada Perusahaan Manufaktur di Bursa Efek Jakarta: Hipotesis Static Trade Off atau Pecking Order Theory. Simposium Nasional Akuntansi 9, Padang, K-AKPM 25, 1-21.

Downloads

Published

2022-12-31

Issue

Section

Articles