RISS 학술연구정보서비스

검색
다국어 입력

http://chineseinput.net/에서 pinyin(병음)방식으로 중국어를 변환할 수 있습니다.

변환된 중국어를 복사하여 사용하시면 됩니다.

예시)
  • 中文 을 입력하시려면 zhongwen을 입력하시고 space를누르시면됩니다.
  • 北京 을 입력하시려면 beijing을 입력하시고 space를 누르시면 됩니다.
닫기
    인기검색어 순위 펼치기

    RISS 인기검색어

      KCI등재 SCOPUS

      Co-determination of Capital Structure and Profitability: An Empirical Test of Indonesia Stock Exchange

      한글로보기

      https://www.riss.kr/link?id=A107073309

      • 0

        상세조회
      • 0

        다운로드
      서지정보 열기
      • 내보내기
      • 내책장담기
      • 공유하기
      • 오류접수

      부가정보

      다국어 초록 (Multilingual Abstract)

      This research aims to analyze the determinant of capital structure and profitability. Besides, it will also be tested to know whether there is a reciprocal relationship between this capital structure and profitability or not. The object of this research is using the registered manufacture company on the Indonesian Stock Exchange. The number of companies pointed as the samples in this research is 115 companies. The observation period is between 2012 – 2018 or for about 7 years so that the analysis units of this research are 805. The analysis tool used in this research is the Structural Equation Modeling by using generalized structural component analysis. It creates the results of Nondebt tax shield, effective tax rate, financial flexibility, liquidity; growth, uniqueness, assets utilization, firm size, tangibility, volatility, and profitability have an impact on the capital structure. It is known that only a firm age that doesn’t have any significant impacts on the capital structure. Liquidity, growth, firm age, uniqueness, firm size, tangibility, volatility, advertising, assets turnover, and capital affect profitability. Besides that, capital structure and profitability have a significant reciprocal relationship.
      번역하기

      This research aims to analyze the determinant of capital structure and profitability. Besides, it will also be tested to know whether there is a reciprocal relationship between this capital structure and profitability or not. The object of this resear...

      This research aims to analyze the determinant of capital structure and profitability. Besides, it will also be tested to know whether there is a reciprocal relationship between this capital structure and profitability or not. The object of this research is using the registered manufacture company on the Indonesian Stock Exchange. The number of companies pointed as the samples in this research is 115 companies. The observation period is between 2012 – 2018 or for about 7 years so that the analysis units of this research are 805. The analysis tool used in this research is the Structural Equation Modeling by using generalized structural component analysis. It creates the results of Nondebt tax shield, effective tax rate, financial flexibility, liquidity; growth, uniqueness, assets utilization, firm size, tangibility, volatility, and profitability have an impact on the capital structure. It is known that only a firm age that doesn’t have any significant impacts on the capital structure. Liquidity, growth, firm age, uniqueness, firm size, tangibility, volatility, advertising, assets turnover, and capital affect profitability. Besides that, capital structure and profitability have a significant reciprocal relationship.

      더보기

      목차 (Table of Contents)

      • ABSTRACT
      • 1. INTRODUCTION
      • 2. LITERATURE REVIEW
      • 3. THE METHODOLOGY OF THE STUDY
      • 4. EMPIRICAL RESULT AND ANALYSIS
      • ABSTRACT
      • 1. INTRODUCTION
      • 2. LITERATURE REVIEW
      • 3. THE METHODOLOGY OF THE STUDY
      • 4. EMPIRICAL RESULT AND ANALYSIS
      • 5. CONCLUSION
      • REFERENCES
      더보기

      참고문헌 (Reference)

      1 Dr Haizhi Wang, "What determine firms’ capital structure in China?" Emerald 40 (40): 1024-1039, 2014

      2 Chun Chang, "What are the reliably important determinants of capital structure in china?" Elsevier BV 30 : 87-113, 2014

      3 Rasa Norvaisiene, "The impact of capital structure on the performance efficiency of Baltic listed companies" Kaunas University of Technology (KTU) 23 (23): 505-516, 2013

      4 Nadeem Ahmed Sheikh, "The impact of capital structure on performance: An empirical study of non-financial listed firms in Pakistan" Emerald 23 (23): 354-368, 2013

      5 Twairesh, A. E. M., "The impact of capital structure on firm’s performance evidence from Saudi Arabia" 4 (4): 183-193, 2014

      6 Joshua Abor, "The effect of capital structure on profitability: an empirical analysis of listed firms in Ghana" Emerald 6 (6): 438-445, 2005

      7 Gill, A., "The effect of capital structure on profitability: Evidence from the United States" 28 (28): 3-15, 2011

      8 Acaravci, S. K., "The determinants of capital structure : Evidence from the Turkish manufacturing sector" 5 (5): 158-171, 2015

      9 Chandra, T., "The co-determinant of capital structure and profitability based on the supply chain strategy : Evidence from manufacturing sector in Indonesia" 8 (8): 705-717, 2019

      10 Chin-Bun Tse, "The capital structure of Chinese listed firms: is manufacturing industry special?" Emerald 40 (40): 469-486, 2014

      1 Dr Haizhi Wang, "What determine firms’ capital structure in China?" Emerald 40 (40): 1024-1039, 2014

      2 Chun Chang, "What are the reliably important determinants of capital structure in china?" Elsevier BV 30 : 87-113, 2014

      3 Rasa Norvaisiene, "The impact of capital structure on the performance efficiency of Baltic listed companies" Kaunas University of Technology (KTU) 23 (23): 505-516, 2013

      4 Nadeem Ahmed Sheikh, "The impact of capital structure on performance: An empirical study of non-financial listed firms in Pakistan" Emerald 23 (23): 354-368, 2013

      5 Twairesh, A. E. M., "The impact of capital structure on firm’s performance evidence from Saudi Arabia" 4 (4): 183-193, 2014

      6 Joshua Abor, "The effect of capital structure on profitability: an empirical analysis of listed firms in Ghana" Emerald 6 (6): 438-445, 2005

      7 Gill, A., "The effect of capital structure on profitability: Evidence from the United States" 28 (28): 3-15, 2011

      8 Acaravci, S. K., "The determinants of capital structure : Evidence from the Turkish manufacturing sector" 5 (5): 158-171, 2015

      9 Chandra, T., "The co-determinant of capital structure and profitability based on the supply chain strategy : Evidence from manufacturing sector in Indonesia" 8 (8): 705-717, 2019

      10 Chin-Bun Tse, "The capital structure of Chinese listed firms: is manufacturing industry special?" Emerald 40 (40): 469-486, 2014

      11 Do Xuan Quang, "The Impact of Ownership Structure and Capital Structure on Financial Performance of Vietnamese Firms" Canadian Center of Science and Education 7 (7): 64-71, 2014

      12 Sorana Vătavu, "The Impact of Capital Structure on Financial Performance in Romanian Listed Companies" Elsevier BV 32 : 1314-1322, 2015

      13 Amar Cheema, "The Effect of Need for Uniqueness on Word of Mouth" SAGE Publications 47 (47): 553-563, 2018

      14 Mawih Al Ani, "The Determinants of Capital Structure: an Empirical Study of Omani Listed Industrial Companies" Vilnius Gediminas Technical University 16 (16): 159-167, 2015

      15 SHERIDAN TITMAN, "The Determinants of Capital Structure Choice" Wiley 43 (43): 1-19, 1988

      16 Nimsai, S., "Risk modeling of the supply chain for Thai cassava chip exports to China" 8 (8): 23-31, 2019

      17 Cong, V. Q., "Protecting physical safety and privacy of human trafficking victims in Vietnam" 8 : 135-139, 2019

      18 Hekmatpour, P., "Is Islam pro-or Anti-environmental? Interpretations and implications" 1 (1): 92-110, 2017

      19 Mehr, M. A., "Investigating the relationship between earnings management, information disclosure and information asymmetry in the listed companies in Tehran stock exchange" 7 (7): 58-63, 2019

      20 Chisti, K. A., "Impact of capital structure on profitability of listed companies (Evidence From India)" 13 (13): 183-191, 2013

      21 Goyal, A. M., "Impact of capital structure on performance of listed public sector banks in India" 2 (2): 35-43, 2013

      22 Riaz, S., "Impact of capital structure on firm’s financial performance : An analysis of chemical sector of Pakistan, Journal of Poverty" 12 : 85-94, 2015

      23 Basit, A., "Impact of capital structure on firm performance: Analysis of food sector listed on Karachi stock exchange" 4 (4): 118-135, 2017

      24 Aprilia, K., "Generalized Structured Component Analysis(GeSCA)" Badan Penerbit Universitas Diponegoro 2013

      25 Yinusa, O. G., "Firm performance and capital structure choice of firms : Evidence from Nigeria" 9 (9): 1-16, 2015

      26 Chandra, T., "Faktor-faktor yang mempengaruhi struktur modal pada perusahaan properti dan real estate di Indonesia " 18 (18): 507-523, 2014

      27 Yat‐Hung Chiang, "Epistemology of capital structure decisions by building contractors in Hong Kong" Emerald 10 (10): 329-345, 2010

      28 Evertsson, N., "Electoral Donations as Legal Bribes: Evidence from a Survey of Private Corporations in Colombia" Lifescience Global 1 : 162-175, 2012

      29 Adewale, M. T., "Does capital structure enhance firm performance? Evidence from Nigeria" 12 (12): 43-55, 2013

      30 Razali Haron, "Do Indonesian firms practice target capital structure? A dynamic approach" Emerald 10 (10): 318-334, 2016

      31 Odusanya, A. I., "Determinants of firm profitability in Nigeria : Evidence from dynamic panel models, Spoudai" 68 : 43-58, 2018

      32 Mohammad Alipour, "Determinants of capital structure: an empirical study of firms in Iran" Emerald 57 (57): 53-83, 2015

      33 Saurabh Chadha, "Determinants of capital structure: an empirical evaluation from India" Emerald 12 (12): 3-14, 2015

      34 Nadeem Ahmed Sheikh, "Determinants of capital structure: An empirical study of firms in manufacturing industry of Pakistan" Emerald 37 (37): 117-133, 2011

      35 Syed Zulfiqar Ali Shah, "Determinants of capital structure of leasing companies in Pakistan determinants of capital structure of leasing companies in Pakistan" Informa UK Limited 22 (22): 1841-1853, 2012

      36 Xuan Vinh Vo, "Determinants of capital structure in emerging markets: Evidence from Vietnam" Elsevier BV 40 : 105-113, 2017

      37 Özcan Işık, "Determinants of Profitability: Evidence from Real Sector Firms Listed in Borsa Istanbul" Business and Economics Research Journal 8 (8): 689-698, 2017

      38 Sebastian Lazăr, "Determinants of Firm Performance: Evidence from Romanian Listed Companies" Editura Universitatii Alexandru Ioan Cuza din Iasi 9 (9): 53-69, 2016

      39 Darush Yazdanfar, "Debt financing and firm performance: an empirical study based on Swedish data" Emerald 16 (16): 102-118, 2015

      40 Chau-Chen Yang, "Co-determination of capital structure and stock returns:A LISREL approach, an empirical test of Taiwan stock markets" Elsevier BV 50 (50): 222-233, 2010

      41 Shun-Yu Chen, "Capital structure determinants: An empirical study in Taiwan" Academic Journals 5 (5): 10974-10983, 2011

      42 Luís Pacheco, "Capital structure determinants of hospitality sector SMEs" SAGE Publications 23 (23): 113-132, 2017

      43 Saurabh Chadha, "Capital Structure and Firm Performance: Empirical Evidence from India" SAGE Publications 19 (19): 295-302, 2016

      44 Chandra, T., "Analysis of factors affecting capital structure on listed company in Kompas 100 index" 13 (13): 7049-7066, 2015

      45 Mayank Jyotsna Soni, "An Examination of Response of Consumers with Different Levels of Uniqueness to Limited Quantity Offers" SAGE Publications 41 (41): 209-221, 2016

      46 Robert M. Hull, "Agency theory, capital structure and firm performance: some Indian evidence" Emerald 40 (40): 1190-1206, 2014

      더보기

      분석정보

      View

      상세정보조회

      0

      Usage

      원문다운로드

      0

      대출신청

      0

      복사신청

      0

      EDDS신청

      0

      동일 주제 내 활용도 TOP

      더보기

      주제

      연도별 연구동향

      연도별 활용동향

      연관논문

      연구자 네트워크맵

      공동연구자 (7)

      유사연구자 (20) 활용도상위20명

      인용정보 인용지수 설명보기

      학술지 이력

      학술지 이력
      연월일 이력구분 이력상세 등재구분
      2023 평가예정 해외DB학술지평가 신청대상 (해외등재 학술지 평가)
      2020-01-01 평가 등재학술지 유지 (해외등재 학술지 평가) KCI등재
      2015-08-03 학술지명변경 한글명 : Industrial Engineeering & Management Systems -> Industrial Engineering & Management Systems
      외국어명 : Industrial Engineeering & Management Systems An International Journal -> Industrial Engineering & Management Systems An International Journal
      KCI등재
      2013-01-01 평가 등재학술지 유지 (등재유지) KCI등재
      2010-01-01 평가 등재학술지 선정 (등재후보2차) KCI등재
      2009-01-01 평가 등재후보 1차 PASS (등재후보1차) KCI등재후보
      2007-01-01 평가 등재후보학술지 선정 (신규평가) KCI등재후보
      더보기

      학술지 인용정보

      학술지 인용정보
      기준연도 WOS-KCI 통합IF(2년) KCIF(2년) KCIF(3년)
      2016 0.13 0.13 0.1
      KCIF(4년) KCIF(5년) 중심성지수(3년) 즉시성지수
      0.1 0.09 0.316 0.05
      더보기

      이 자료와 함께 이용한 RISS 자료

      나만을 위한 추천자료

      해외이동버튼