JMKSP (Jurnal Manajemen, Kepemimpinan, dan Supervisi Pendidikan)
Vol. 8 No. 1 (2023): JMKSP (Jurnal Manajemen, Kepemimpinan, dan Supervisi Pendidikan)

The Effect of Capital Structure, Liquidity, and Firm Size on Company Value with Profitability as an Interverning Variable

Hasanudin (Universitas Nasional Jakarta)
Nurma Wijareni (Universitas Nasional Jakarta)



Article Info

Publish Date
30 Jun 2023

Abstract

The purpose of this research is to analyze and obtain empirical evidence of the influence of capital structure, liquidity, and firm size on firm value with profitability as an intervening variable. The population in this study are manufacturing companies in the food and beverage sub-sector that are listed on the Indonesia Stock Exchange in 2018-2022, with a total sample of 24 companies and using a purposive sampling method. Furthermore, data were collected quantitatively using multiple regression using Stata 14.2 software. This study shows that capital structure has a significant negative effect on profitability, liquidity has a positive and insignificant effect on profitability, and firm size has a positive and significant effect on profitability. Capital structure has a positive and significant effect on firm value, liquidity has a negative and significant effect on firm value and firm size has a negative and insignificant effect on firm value. Capital structure has a negative and significant effect on firm value through profitability, liquidity has a positive and insignificant effect on firm value through profitability and firm size has a positive and significant effect on firm value through profitability.

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Journal Info

Abbrev

JMKSP

Publisher

Subject

Education Social Sciences

Description

JMKSP (Jurnal Manajemen, Kepemimpinan, dan Supervisi Pendidikan) is managed and published by Graduate Program Universitas PGRI Palembang. JMKSP (Jurnal Manajemen, Kepemimpinan, dan Supervisi Pendidikan) is published 2 times per year (June and December) with E-ISSN 2614-8021 and P-ISSN ...