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PENGARUH PROFITABILITY, CAPITAL STRUCTURE DAN FIRM SIZE TERHADAP FIRM VALUE DENGAN INVESTMENT OPPORTUNITY SET SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN LQ45 YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2022-2024 Jannah, Alfa Ayu Miftakhul; Wahyuni, Ika; Sari, Lita Permata
Jurnal Mahasiswa Entrepreneurship (JME) Vol 5 No 2 (2026): FEBRUARI
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v5i2.8193

Abstract

The capital market serves as a funding source for companies and an investment medium for the public in financial instruments. The existence of the capital market aims to provide long-term capital sources for the business world while creating income distribution through public stock ownership. This study aims to analyze and test the influence of profitability, capital structure, and firm size on firm value with the investment opportunity set as an intervening variable in LQ45 index companies listed on the Indonesia Stock Exchange for the 2022-2024 period. This research is a quantitative study with a causal approach aimed at explaining the relationships between variables. The population in this study consists of companies listed in the LQ45 index during the observation period. The sampling technique was determined using a purposive sampling method. Data analysis and hypothesis testing in this study utilize Structural Equation Modeling – Partial Least Square (PLS-SEM). The results of the direct effect hypothesis testing using the SmartPLS 3.0 application show that capital structure and firm size have a significant effect on firm value. Profitability and the investment opportunity set were found to have no significant effect on firm value. Profitability, capital structure, and firm size also do not significantly affect the investment opportunity set. The results of the indirect effect test indicate that the investment opportunity set is unable to mediate the influence of profitability, capital structure, or firm size on firm value.
Co-Authors Abdus Salam, Abdus Agustiarini, Suzhmita Akbar, Rian Ali Djamhuri Alip, Gilang Permata Nur Aminah, Riskil An am, Lutfi Chairul Andafiya, Robiatul Antika, Sindy Arandita, Reza Mevia Ardiansyah, Johan Putra Pradana Ari Kamayanti Arief, Mohammad Yahya Arief, Muhammad Yahya Arifah, Ila Nur Arisusanto, Maulana Febri Aziz, Muhamad Zitkul Bari, Muhammad Misbahul Cahya, Muhammad Alif Nur Chandra, Venia Avery Dwi Chasana, Nurul Corina, Vania Rika Dewi, Nawa Kartika Ediyanto Fadilah, Moch. Fanani, Mariska Nur Fandiyanto, Randika Febriyanti, Fina Ferdiansyah, Yusfan Filrisqi, Nurul Mareta Fransiska, Feni Ghufran, Mohammad Imam Ali hamdun, Edy kusnadi Handika, Devan Dwi Sapta Hanifa, Hilmiyatul HARIYANTO HARIYANTO Hendra Syahputra Heru Yulianto Hidayah, Friyan Ika WAHYUNI Indriani, Ila Insani, Auliasha Firlana Hadi Ivanny, Levia Diza Dwi Jama, Felensia Jati Ata Jannah, Alfa Ayu Miftakhul Jazuli, Abdul Malik Kamalisa, Dewi Karnadi, Karnadi Kasih, Kharisma Mutiara Kiswanto, Feri Kustiani, Kustiani Lestari, Ayu Tri Lestari, Indah Nita Lira, Faridatul Umay Lusiana Tulhusnah Maria Ulfa Maulani, Mildatul Maulida K, Faradina Pindi Maulida, Yuni Astri Ayu Maulidiyah, Indana Yuris Meirilia, Niken Minullah, Minullah Nisakh, Nur Ainun Novia Indriani Nur Faiza Nurwijayanti Oktaviani, Sherly Oktaviyanti, Yeni Pramesthi, Riska Ayu Pribadi, Akhmad Ribut Qomariah, Bariatul Rachman, Riza Rahadi, Akbar Pulung Raharjo, Stiyo Pamungkas Rahmawati, Rike Ramadhani, Kholifatur Resi, Oktaviani Rini Kartika Sari Riswandi, Dovan Aditya Rizkia, Linda Rohmatillah, Nia Nur Romadhani, Riska Suci Safara, Andita Veronika Safira, Gilda Nindita Samsuri, Moh Sandy, Rizka Gabriella Sari, Alfina Dian Ratna Sariyanti, Sariyanti Seinuri, Seinuri Shofiah, Annur Sintia, Siti Amina Ratna Sonia, Siti Sonnyalia, Astrid Bellinda Sunarwati, Eli Sururi, Fairira Anindia Suryanti, Desy Suyuti, Achmad Sya’diya, Yuli Halimatus Triska Dewi Pramitasari Ulfatun Hasanah Uswatun Hasanah Utari, Melgi Puji Venolika, Nadila Putri Ayu Violiandani, Erine W, Dwi Perwitasari Wahyudi Wahyudi Wakid, Royhan Tofail Wiji Astutik, Wiji Windiana, Dina Wulandari, Meliza Novi Yanti, Anggi Putri Dwi Yaqin, Rizal Ainul Yudha Praja, Yudha Zainiyah, Siti