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All Journal Jurnal Akuntansi & Auditing Indonesia
Anisya Dewi Rahmawati
Faculty of Economics, Universitas Sarjanawiyata Tamansiswa, Yogyakarta, Indonesia
Economics, Econometrics & Finance

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Fundamental aspects of leverage, profitability and financial distress as mediating variables that influence firm value Sri Hermuningsih; Hadri Kusuma; Teguh Erawati; Anisya Dewi Rahmawati
Jurnal Akuntansi dan Auditing Indonesia Vol 26, No 2 (2022)
Publisher : Accounting Department, Faculty of Business and Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jaai.vol26.iss2.art3

Abstract

This research aims to examine how leverage and equity affect firm value and financial distress as mediating factor in listed manufacturing firms on the Indonesia Stock Exchange. Such manufacturing businesses are the research's population. The manufacturing industry is the research sample from 2011 to 2021 periods. Purposive sampling was utilized in the sampling approach, resulting in data availability from 53 firms and 583 financial statement data—a structural equation model with structural equations for hypothesis testing. The test results demonstrate that leverage affects financial distress. Financial distress is negatively impacted by profitability. Leverage and financial distress negatively affect both firm value and financial distress, acting as a mediating factor. Conversely, profitability positively affects both firm value and financial distress, functioning as a mediating factor.
Co-Authors Hadri Kusuma Sri Hermuningsih Teguh Erawati