Diana Osella
Universitas Widyagama Malang

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Pengaruh Ukuran Perusahaan dan Profitabilitas terhadap Nilai Perusahaan melalui Financial Distress sebagai Variabel Mediasi: Studi pada Perusahaan Sektor Tekstil dan Garmen yang terdaftar di Bursa Efek Indonesia tahun 2020-2023 Diana Osella; Alfiana Alfiana; Mulyono Mulyono
OPTIMAL Jurnal Ekonomi dan Manajemen Vol. 5 No. 3 (2025): Jurnal Ekonomi dan Manajemen
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/optimal.v5i3.7396

Abstract

This aims to analyze the effect of firm size and profitability on firm value with financial distress as a mediating variable in textile and garment companies listed on the Indonesia Stock Exchange (IDX) during the period 2020-2023.The research employs a quantitative approach using secondary data. The sample consists of 15 companies selected through purposive sampling. Data analysis was conducted using the Structural Equation Modeling (SEM) methode based on Partial Least Squares with the help of SmartPLS 4 software. The results show that profitability has a significant effect on both firm value and financial distress, while firm size does not significantly affect either firm value or financial distress. Furthermore, financial distress does not significantly affect firm value and does not mediate the relationship between firm size or profitability and firm value