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IJSTR >> Volume 9 - Issue 11, November 2020 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



Investment Opportunity Set As The Driver Of Company Value With Capital Structure, Dividend, And Profit Management

[Full Text]

 

AUTHOR(S)

Sri Mangesti Rahayu

 

KEYWORDS

Capital Structure, Company Value, Divident, Investment Opportunity, Profit Management

 

ABSTRACT

The purpose of the research is to examine the effect of investment opportunity sets on capital structure, dividend, profit management, and its impact on company value. The type of this research is explanatory research and an archival research. The population in this study is a manufacturing company listed on Indonesia Stock Exchange within the period of 2005-2015. The sampling method used in this study is purposive sampling. The research samples is 450 research data. The findings of this research is (1) investment opportunity set has a significant effect on capital structure, not significantly influenced the dividend, a significant impact on earning management, a significant effect on the value of the company; (2) capital structure has a significant effect on profit management, not-significant effect on the value of the company; (3) dividend has a significant effect on the value of the company; (4) profit management has a significant effect on the value of the company. The main originalities proposed by the researchers is the researchers want to test whether the variable of capital structure influence the profit management, to test whether the profit management is opportunistic or informative. This study will use either the accrual basis profit management or real earning management activities.

 

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