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The Effect of Profitability, Growth Opportunity on ValueCompanies With Capital Structure As Intervening Variablein The Food And Beverage Sector Manufacturing CompaniesListed on IDX

Hasanuddin Journal of Applied Business and Entrepreneurship · Vol. 5 No. 2 (2022) · pp. 41–48

ISSN
2598-0890, 2598-0882
Published
2022-08-22
Publisher
Master of Management, Faculty of Economics and Business, Hasanuddin University.
Language
en

Abstract

This study aims to determine whether Profitability, Growth Opportunity to the value of companies with capital structure as an intervening variable have an effect. Data collection uses secondary data obtained from financial statements and a summary of the performance of listed companies using purposive sampling technique. The population is as many as 26 companies, while the samples taken are 8 companies. This sample has been tested for convergent validity, discriminant validity, composite reliability, and model suitability tests.The results showed that the proposed hypothesis was accepted because it showed positive and significant hypothesis test results. This means that profitability, growth opportunity, capital structure on firm value has a positive effect, but the results of profitability on capital structure are rejected because the positive results are not significant, as well as the results of growth opportunity research on capital structure are also rejected because the results of the negative hypothesis test are significant, and the proposed hypothesis is rejected which shows that the results of the hypothesis are not significant. This means that capital structure as an intervening variable is not able to influence profitability and growth opportunity on firm value.

Keywords

Collaboration network of the authors

17 authors · 28 co-authorship links

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  • Institut Sains dan Bisnis Internasional Singkawang
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
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Co-authorOrganisationJoint articles
Andi AswanAffiliation unknown2
Muhammad SobarsyahAffiliation unknown2
Arfa ApriliantiAffiliation unknown1
Mursalim NohongAffiliation unknown1
Indriani MentarukAffiliation unknown1
Andi Ratna Sari DewiAffiliation unknown1
Eko Agustiono Bachrudin YusufAffiliation unknown1
Abd. Rahman KadirAffiliation unknown1
SITI HAMIDAHAffiliation unknown1
Ali ImranInstitut Sains dan Bisnis Internasional Singkawang1
Erlina PakkiAffiliation unknown1
Ibrahim Nurwardana IbrahimAffiliation unknown1
HerliansyahAffiliation unknown1
Fakhryadi AmranAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.unhas.ac.id/index.php/hjabe/oai, first harvested 2 Nov 2026, last seen 2 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en">The Effect of Profitability, Growth Opportunity on ValueCompanies With Capital Structure As Intervening Variablein The Food And Beverage Sector Manufacturing CompaniesListed on IDX </dc:title>
	<dc:creator xml:lang="en">Nawal, Nawal Ulfah Indah sari</dc:creator>
	<dc:creator xml:lang="en">Pahlevi, Cepi </dc:creator>
	<dc:creator xml:lang="en">Rahim, Fauzi R.</dc:creator>
	<dc:subject xml:lang="en">Profitability</dc:subject>
	<dc:subject xml:lang="en">Growth Opportunity</dc:subject>
	<dc:subject xml:lang="en">Capital Structure</dc:subject>
	<dc:subject xml:lang="en">Firm Value</dc:subject>
	<dc:description xml:lang="en">This study aims to determine whether Profitability, Growth Opportunity to the value of companies with capital structure as an intervening variable have an effect. Data collection uses secondary data obtained from financial statements and a summary of the performance of listed companies using purposive sampling technique. The population is as many as 26 companies, while the samples taken are 8 companies. This sample has been tested for convergent validity, discriminant validity, composite reliability, and model suitability tests.The results showed that the proposed hypothesis was accepted because it showed positive and significant hypothesis test results. This means that profitability, growth opportunity, capital structure on firm value has a positive effect, but the results of profitability on capital structure are rejected because the positive results are not significant, as well as the results of growth opportunity research on capital structure are also rejected because the results of the negative hypothesis test are significant, and the proposed hypothesis is rejected which shows that the results of the hypothesis are not significant. This means that capital structure as an intervening variable is not able to influence profitability and growth opportunity on firm value.</dc:description>
	<dc:publisher xml:lang="en">Master of Management, Faculty of Economics and Business, Hasanuddin University.</dc:publisher>
	<dc:date>2022-08-22</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unhas.ac.id/index.php/hjabe/article/view/21782</dc:identifier>
	<dc:source xml:lang="en">Hasanuddin Journal of Applied Business and Entrepreneurship; Vol. 5 No. 2 (2022): Hasanuddin Journal of Applied Business and Entrepreneurship; 41-48</dc:source>
	<dc:source>2598-0890</dc:source>
	<dc:source>2598-0882</dc:source>
	<dc:language>en</dc:language>
	<dc:relation>https://journal.unhas.ac.id/index.php/hjabe/article/view/21782/8523</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2022 Hasanuddin Journal of Applied Business and Entrepreneurship</dc:rights>
</oai_dc:dc>