The Role of the Company's Value in the Mediate Influence the Structure of Capital, Return on Assets and Return on Equity Against the Share Price


Authors : Rio Monoarfa, Murdifin Haming, Nurpadila, Zainuddin Rahman.

Volume/Issue : Volume 3 - 2018, Issue 5 - May

Google Scholar : https://goo.gl/DF9R4u

Scribd : https://goo.gl/iqxTUH

Thomson Reuters ResearcherID : https://goo.gl/3bkzwv

The aims of this research to analyze: (1) Influence of Capital Structure, ROA, ROE to Company Value, (2) Influence of Capital Structure, ROA, ROE to Stock Price, (3) Influence of Capital Structure, ROA, ROE to Share Price through Company Value, (4) Influence of Company Value on Stock Price. This study uses secondary data through techniques of collecting documentation in the form of financial statements of manufacturing companies listed on the Indonesia Stock Exchange period 2012 to 2016. Samples used through the method of Purposive Sampling based on certain criteria. The total population of 147 manufacturing companies. Data analysis in this study using Path Analysis Model (Path Analysis) with the help of Structural Equation Modeling (SEM). The analysis method uses Multiple Linear Regression Analysis which operated through SPSS program. The results of this study indicate that: (1) Capital Structure has a negative and significant effect on Corporate Value, ROA and ROE have a positive and significant impact on Corporate Value; (2) Capital Structure negatively and insignificant to Price of Sahan, ROA and ROE have positive and insignificant effect to Stock Price; (3) Capital Structure has negative and significant effect to Share Price through Company Value, ROA and ROE have positive and significant effect to Share Price through Company Value, (4) Company Value has positive and significant effect to Stock Price.

Keywords : Capital Structure, Return On Asset, Return On Equity, Corporate Value, Stock Price.

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