The Effect of Liquidity, Profitability And Company Size on Company Valuewith Capital Structure As An Intervening Variable In Manufacturing Companies Listed on The Idx In 2016- 2020

International Journal of Economics and Management Pub Date : 2023-01-01 DOI:10.54209/iem.v1i01.3

Florencia Rani Panjaitan, Huang Minan, Muhammad Arief

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Abstract

This study aims to determine the effect of liquidity, profitability and company size on firm value with capital structure as an intervening variable in manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2016-2020 period. The type of research used in this research is associative. The population in this study were 195 companies, the sampling method used was a purposive sample, with a total sample of 60 companies. The data analysis technique used is path analysis with statistical data processing using the SPSS data processing application version 20.0. The results of this study indicate that liquidity and profitability have an effect on capital structure, while firm size has no effect on capital structure. Liquidity, profitability and capital structure have a significant effect on firm value, while company size has no effect on firm value. Capital structure is able to mediate the effect of liquidity, profitability on firm value, while capital structure cannot mediate the effect of company size on firm value in manufacturing companies listed on the Indonesia Stock Exchange (IDX).

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2016- 2020年Idx制造业上市公司流动性、盈利能力和公司规模对公司价值的影响——以资本结构为中介变量

本研究旨在确定流动性、盈利能力和公司规模对公司价值的影响，资本结构作为干预变量在印度尼西亚证券交易所(IDX)上市的制造业公司2016-2020年期间。本研究中使用的研究类型是联想研究。本研究的总体为195家公司，采用的抽样方法为目的抽样，总样本为60家公司。使用的数据分析技术是路径分析和统计数据处理，使用SPSS数据处理应用程序20.0版本。研究结果表明，流动性和盈利能力对资本结构有影响，而企业规模对资本结构没有影响。流动性、盈利能力和资本结构对企业价值有显著影响，而公司规模对企业价值没有影响。在印尼证券交易所(IDX)上市的制造业公司中，资本结构能够中介流动性、盈利能力对公司价值的影响，而资本结构不能中介公司规模对公司价值的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Economics and Management Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

1.80

自引率

0.00%

发文量

期刊介绍： The journal focuses on economics and management issues. The main subjects for economics cover national macroeconomic issues, international economic issues, interactions of national and regional economies, microeconomics and macroeconomics policies. The journal also considers thought-leading substantive research in the finance discipline. The main subjects for management include management decisions, Small Medium Enterprises (SME) practices, corporate social policies, digital marketing strategies and strategic management. The journal emphasises empirical studies with practical applications; examinations of theoretical and methodological developments. The journal is committed to publishing the high quality articles from economics and management perspectives. It is a triannual journal published in April, August and December and all articles submitted are in English. IJEM follows a double-blind peer-review process, whereby authors do not know reviewers and vice versa. Peer review is fundamental to the scientific publication process and the dissemination of sound science.