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PENGARUH MODAL KERJA, LIKUIDITAS DAN LEVERAGE TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERATING PADA PERUSAHAAN SUB SEKTOR ENERGI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2019-2023 Yanti, Anggi Putri Dwi; Pramitasari, Triska Dewi; Sari, Lita Permata
Jurnal Mahasiswa Entrepreneurship (JME) Vol 3 No 1 (2024): JANUARI 2024
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v3i1.4785

Abstract

This study aims to determine the effect of working capital, liquidity, and leverage on firm value with profitability as a moderating variable in energy sub-sector companies listed on the IDX for the 2019-2023 period. The sample used in this study is 6 energy sub-sector companies listed on the Indonesia Stock Exchange during the 5 years with sampling using a purposive sampling technique. Data analysis and hypothesis testing in this study used the Structural Equation Model - Partial Least Square (PLS-SEM). The results of direct influence hypothesis testing using the Smart PLS 3.0 application show that working capital has a positive but insignificant effect on firm value, liquidity has a negative but significant effect on firm value, leverage has a negative but significant effect on firm value, profitability positively and insignificantly moderates the effect of liquidity on firm value.