Company attributes and firm value: Evidence from companies listed on Jakarta islamic index
Ifada L.M., Faisal F., Ghozali I., Udin U.
Abstract
This study examines the effect of company attributes (i.e., dividend policy, capital structure, and ownership concentration) on firm values. The sample consists of fifty-six companies listed on Jakarta Islamic Index. SmartPLS program is used to analyze the data. The findings show that ownership concentration and profitability have a positive effect on firm value. In contrast, liquidity has a negative effect on capital structure. However, this study doesn't find any relationship between profitability and capital structure. Finally, capital structure mediates the relationship between profitability, liquidity, and firm value.
References 10
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