Florencia Rani Panjaitan, Huang Minan, Muhammad Arief
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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
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).
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.