The Influence of Capital Structure, Dividend Policy, Fixed Asset Turnover and Audit Opinion on Company Value

Ruri Octari Dinata () and Maria Margaretta
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Ruri Octari Dinata: Universitas Telkom, Faculty of Economics and Business
Maria Margaretta: Universitas Telkom, Faculty of Economics and Business

A chapter in Proceedings of the International Conference on Sustainable Collaboration in Business, Technology, Information, and Innovation (SCBTII 2024), 2024, pp 354-369 from Springer

Abstract: Abstract The amount that buyers want to spend to purchase a single share of a corporation determines the value of its stock. Buyers will show a greater interest in funding a firm whose worth is steady and growing. For a business to overcome different obstacles, its values must remain constant. This research endeavors to examine the effects of capital structure, dividend policy, fixed asset turnover, and audit opinion on the market value. The sample is pharmaceutical sub-sector businesses listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022 and utilized the panel data regression analysis. The findings show that capital structure, dividend policy, audit opinion and fixed asset turnover affect business value, where capital structure positively affects business value, whereas audit opinions, fixed asset turnover, and dividend policy have negative effects.

Keywords: Company value; Capital structure; Dividend policy; Fixed asset turnover and Audit opinion (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-558-4_21

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DOI: 10.2991/978-94-6463-558-4_21

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