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AUTHOR(S): Endri Endri, Devin Winata, Anthonius Yanto Gebang
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ABSTRACT This study intends to prove empirically the effect of the proxy capital structure with the ratio of debt to equity and the ratio of debt to assets to company value, both directly and indirectly through corporate tax factors and company size as an intervention. variable in the consumer industry of Indonesian manufacturing companies. with the year of observation in 2018. The population in this study were all manufacturing companies of the consumer goods subsector which were listed on the Indonesia Stock Exchange, totaling 52 companies. Determination of the number of samples was carried out using a non probability sampling method with a purposive sampling technique and 42 companies were selected as samples. Data analysis method used is path analysis and re-checking using the Linear Structural Relationship (Lisrel) program. The results showed that the two capital structures were not proven to have a direct effect on firm value, corporate tax and firm size could not moderate the indirect effect of capital structure on firm value. |
KEYWORDS capital structure; corporate tax; firms size; firms value |
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Cite this paper Endri Endri, Devin Winata, Anthonius Yanto Gebang. (2021) The influence of Capital Structure on Firm Value with Tax Factors and Firm Size as Intervening Variables. International Journal of Environmental Science, 6, 62-72 |
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