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All Journal Jurnal Ekonomika Dan Bisnis Jurnal Kewirausahaan Bukit Pengharapan
Sitompul, Clarisa Florentina
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Economics, Econometrics & Finance

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PENGARUH LIKUIDITAS DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL MODERATING PADA PERUSAHAAN Sitompul, Clarisa Florentina
Jurnal Kewirausahaan Bukit Pengharapan Vol. 4 No. 2 (2024): Periode November - April
Publisher : Institut Teknologi dan Bisnis Kristen Bukit Pengharapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61696/juwira.v4i2.558

Abstract

This research aims to examine the influence of liquidity and profitability on company value with capital structure as a moderating variable in manufacturing companies listed on the Indonesia Stock Exchange for the 2017-2021 period. This research uses a causal associative methodology related to quantitative data. The purposive sampling method was used to select the research sample, and 28 companies were selected during 5 years of observation so that the total sample in this study was 140 observations. The research results show that liquidity has no significant effect on company value (sig > 0.05). On the other hand, profitability is proven to have a significant positive influence on company value (sig < 0.05), indicating that increasing company profitability tends to increase company value. In addition, the moderation results show that capital structure does not moderate the relationship between liquidity and firm value (sig > 0.05). However, capital structure significantly moderates the relationship between profitability and firm value (sig < 0.05). This shows that capital structure can strengthen the influence of profitability on company value. Thus it can be concluded that liquidity does not have a significant influence on company value, either directly or when moderated by capital structure. On the other hand, profitability shows a significant positive influence on firm value, and this influence becomes stronger when moderated by capital structure. Keywords: Liquidity, Company Value, Profitability, Capital Structure.
Pengaruh Likuiditas, Profitabilitas Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Dengan Struktur Modal Sebagai Variabel Moderating Sitompul, Clarisa Florentina; Minan, H. Kersna; Arief, Muhammad
Jurnal Ekonomika Dan Bisnis (JEBS) Vol. 4 No. 5 (2024): September - Oktober
Publisher : CV. ITTC INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47233/jebs.v4i5.2049

Abstract

This study was conducted with the aim of determining the effect of liquidity, profitability, and company size on company value with capital structure as a moderating variable. This type of research is quantitative research with a causality approach. The population used in this study were manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2017-2021 and there were 28 companies taken so that the total sample was 140. The sampling technique used the purposive sampling method. The analysis method of this study uses multiple linear regression and Moderated Regression Analysis. The results of the study indicate that profitability has a significant effect on firm value, while liquidity and firm size do not have a significant effect on firm value. Capital structure can moderate the relationship between profitability and firm size on firm value. Capital structure does not moderate the relationship between liquidity and firm value in manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2017-2021.
Co-Authors Arief, Muhammad Minan, H. Kersna