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All Journal International Journal of Public Budgeting, Accounting and Finance
Larosa, Seti Eli
Asosiasi Dosen Akuntansi Indonesia
Economics, Econometrics & Finance

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ANALYSIS OF THE FACTORS AFFECTING COMPANY VALUE WITH PROFITABILITY AS INTERVENING VARIABLES IN NON FINANCIAL COMPANIES LISTED IN INDONESIA STOCK EXCHANGE 2015-2017 PERIOD Larosa, Seti Eli
International Journal of Public Budgeting, Accounting and Finance Vol 2 No 2 (2019): Journal of Public Budgeting, Accounting and Finance
Publisher : Asosiasi Dosen Akuntansi Indonesia

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Abstract

This study aims to analyse institutional ownership, independent commissioners, firm size, and leverage that affect firm value with profitability as an intervening variable in non-financial companies listed on the Indonesia Stock Exchange for the period 2015-2017. The population in this study amounted to 475 companies using purposive sampling method obtained a sample of 187 companies. The data testing method used is multiple linear regression analysis and path analysis. The results of the first hypothesis study show that simultaneously, all independent variables have a significant effect on profitability. The results of the second hypothesis study show that simultaneously, all independent variables have a significant effect on firm value. Partially, institutional ownership variables and firm size have a significant positive effect on profitability, leverage has a significant negative effect on profitability. Partially, the variables of profitability, institutional ownership, and firm size have a significant positive effect on firm value, while independent commissioners and leverage have no effect on firm value. Profitability is only able to mediate the effect of firm size on firm value in non-financial companies listed on the Indonesia Stock Exchange for the period 2015-2017.
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