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The Effect of Profitability and Capital Structure on Stock Prices with Firm Value as an Intervening Variable in LQ45 Companies Listed on the IDX in 2018-2021 Suhariyanto; Sumaryo
JOURNAL INTELEKTUAL Vol 4 No 2 (2025): JOURNAL INTELEKTUAL
Publisher : LPPM STIE PPI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61635/jin.v4i2.223

Abstract

Introduction/Main Objectives: This study aims to examine the effect of Profitability and Capital Structure on Stock Prices with Firm Value as an Intervening Variable in LQ45 Companies listed on the Indonesia Stock Exchange (IDX) in 2018-2021. Background Problems: There is uncertainty regarding the fundamental factors that influence stock prices, which shows inconsistent findings, especially regarding the influence of profitability and capital structure. Novelty: This study offers novelty by examining a different unit of analysis and time period compared to previous research and by incorporating a moderating variable. Research Methods: Using quantitative methods with secondary data from financial statements with samples carried out by purposive sampling and data analysis was carried out using multiple linear regression with the help of SPSS software. Finding/Results: Profitability has a significant effect on firm value, while capital structure does not. Profitability, capital structure, and firm value do not have a significant effect on stock prices. Firm value is also unable to mediate the effect of profitability or capital structure on stock prices. Conclusion: These findings indicate that it is better to assess financial statements from various aspects, not only from profitability and capital structure, in order to obtain a more accurate picture of the company's prospects
Co-Authors Adiwena, Egan Hargo Affan Mashuri Agung Samudra Agus Sugiarto Amalia Andrean Eko Haryoko Angin, Eunicke Adiel Aria Perangin Anisa, Rochmatul Anisah Nur Fajarwati Aprilia Sari, Petty Arif Ramadhan Candrasa Aristha Purwanthari sawitri Armin Naibaho Arni Utamaningsih Bagus Tirto Aji Batutah, Moh Arif Bazofi Ismail Harahap Budi Luwar Sanyoto Catrya Ghazy Afif Tsany Darmawan, Dheo Hilman Dewi Fatmawati Didik Subijantoro Dina Asmiati Dzulfikar, Hidayah Mimtsa Alfaini Edy Sulistiyawan, Edy Fachrudy Asj'ari Fadjar Purnomo Faisal Rizqi Hanggara Firly Regita Firman Romadhon, Riswanda Fitriyanti, Ayang Gerard Aponno Gusmiarni Ikhram Syalsabila, Hadi Imam Hidayat Indra Syahrul Ramadhan Joko Setiono Khoirina Putri Izza Rohmah Laksono, Agus Edy Laskono, Nuswar Barruli Liza Rusdiyana M. Noris Al Pratama Mahirul Mursid Mila Esti Permata Mohammad Dzikril Akbar Muttaqin, Mohammad Zainal Nanda Luthfi Aziz, Nanda Luthfi Aziz Nawir Rasidi Nurbani Nursabita, Ayusha Nurul Huda P, Ferdi Razaq Pamekas, Paksi Pamungkas, Hafizhan Faris Pradana, Bayu Bakti Pramudya, Wisnu Agung Prayoga, Devid Budi Purwanti Putri Issanti Radhia Jatu Noviarsita Sakti Rafi, Muhammad Nur Rahardian, Willy Evan Rahma Maulidia Arzanti Rahmawan, fauzi Akbar Restu Putri Wardani Saadah, Runiatus Salsabila Rahmi Santoso, Muhammad Hafizh Irsan Saptiyono, Ami Sitti Safiatus Riskijah Solikin Solikin Subiyanto, Hari Sukiranto, Sukiranto Sumardi Sumaryo Susapto Suselo Utoyo Susilo, Wiji Syafiuddin Syafrizal Fadhil Syahru Muharom, Muhammad Taufiq Rochman WINARTO