Proceedings of the International Conference on Sustainable Collaboration in Business, Technology, Information, and Innovation (SCBTII 2024)

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

Case Study: Pharmaceutical Companies Listed on The Indonesian Stock Exchange

Authors
Ruri Octari Dinata1, *, Maria Margaretta1
1Faculty of Economics and Business, Universitas Telkom, Bandung, Indonesia
*Corresponding author. Email: rurioctaridinata@telkomuniversity.ac.id
Corresponding Author
Ruri Octari Dinata
Available Online 19 November 2024.
DOI
10.2991/978-94-6463-558-4_21How to use a DOI?
Keywords
Company value; Capital structure; Dividend policy; Fixed asset turnover and Audit opinion
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.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Sustainable Collaboration in Business, Technology, Information, and Innovation (SCBTII 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
19 November 2024
ISBN
978-94-6463-558-4
ISSN
2352-5428
DOI
10.2991/978-94-6463-558-4_21How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Ruri Octari Dinata
AU  - Maria Margaretta
PY  - 2024
DA  - 2024/11/19
TI  - The Influence of Capital Structure, Dividend Policy, Fixed Asset Turnover and Audit Opinion on Company Value
BT  - Proceedings of the International Conference on Sustainable Collaboration in Business, Technology, Information, and Innovation (SCBTII 2024)
PB  - Atlantis Press
SP  - 354
EP  - 369
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-558-4_21
DO  - 10.2991/978-94-6463-558-4_21
ID  - Dinata2024
ER  -