The Effect of Asset Structure and Firm Size on Firm Value with Capital Structure as Intervening Variable

Abstract

The purpose of this study is to analyse the direct and indirect effect of asset structure and firm size on the firm value. The samples of this study are thirty four property and real estate firms registered in Indonesia Stock Exchange in the period 2010-2014. The result of this study shows that (1) there is a direct effect of asset structure on the firm value, (2) there is no indirect effect of asset structure on the firm value with capital structure as intervening variable, (3) there is no direct effect of firm size on the firm value, (4) there is no indirect effect of firm size on the firm value with capital structure as intervening variable. Thus, it can be concluded thatcapital structure as intervening variable cannot mediate the relationship betweenasset structure and firm size on the firm value.