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Pengaruh Profitabilitas dan Likuiditas Terhadap Nilai Perusahaan dengan Ukuran Perusahaan sebagai Variabel Moderasi Nadhira Putri, Riza; Mutia Basri, Yesi; Afriana Hanif, Rheny
Akuntansi & Ekonomika Vol 15 No 1 (2025): Jurnal Akuntansi dan Ekonomika
Publisher : Lembaga Penelitian dan Pengabdian Masyarakat (LPPM) Universitas Muhammadiyah Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37859/jae.v15i1.9052

Abstract

The purpose of this study is to examine how profitability and liquidity influence firm value, and how the size of a company can affect the relationship between profitability and liquidity and the value of the company. All energy companies listed on the IDX between 2021 and 2023 were included in this analysis. Secondary data from documents were used as sources of information. Multiple linear regression analysis and MRA were applied in the study using SPSS version 29. The research findings show that profitability affects firm value, but not liquidity. Business size does not significantly affect the relationship between profitability and valuation, but reduces the relationship between liquidity and valuation.
Pengaruh Struktur Modal dan Likuiditas Terhadap Nilai Perusahaan Dengan Ukuran Perusahaan Sebagai Moderasi Nadhira Putri, Risa; Mutia Basri, Yesi; Afriana Hanif, Rheny
Economic Reviews Journal Vol. 4 No. 4 (2025): Economic Reviews Journal
Publisher : Masyarakat Ekonomi Syariah Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56709/mrj.v4i4.927

Abstract

Using business size as a moderating variable, this study analyzes the effect of capital structure and liquidity on firm value. The focus of the study is on technology sector companies listed on the Indonesia Stock Exchange between 2021 and 2023. Stock prices reflect investors' views on firm value. Using secondary data from documentation, a quantitative descriptive study was conducted on 25 of 47 technology companies. The researcher applied MRA and multivariate linear regression in the analysis. The findings show that liquidity has a positive effect on firm value, while capital structure has a negative effect. Business size strengthens the relationship between capital structure and firm value in a profitable way. Liquidity has a significant impact on business value regardless of company size. These results highlight the importance of good liquidity and capital structure management to attract investors, especially in volatile markets. This research deepens the understanding of financial strategy in the IT industry by illustrating that larger companies are better able to overcome capital structure challenges, thereby increasing their market value.