Eduvest - Journal of Universal Studies
Vol. 2 No. 1 (2022): Journal Eduvest - Journal of Universal Studies

The Effect Of Capital Structure And Company Size On Company Value With Profitability As Moderating Variables

Maria Yasinta Deme (Merdeka University Malang)
Sunardi Sunardi (Merdeka University Malang)
Sari Yuniarti (Merdeka University Malang)



Article Info

Publish Date
20 Jan 2022

Abstract

The purpose of this study was to analyze the effect of capital structure and firm size on firm value with profitability as a moderating variable. This study is a quantitative study using secondary data with a sample of 9 pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange (IDX). The data collection method is done by accessing the company's financial statements published by the Indonesia Stock Exchange. The data obtained is then processed using the tools e-views. This analysis includes classical assumption test (data normality test, multicollinearity test and heteroscedasticity test), statistical test (F-test, t-test and R2 test) and moderated regression analysis (MRA). Based on the results of the tests conducted, it shows that simultaneously shows that there is a significant influence between capital structure and firm size on firm value. Partially, Capital Structure (DER) has a significant effect on firm value (EPS), Firm Size (SIZE) has no significant effect on firm value, Profitability (ROA) as a moderating variable can moderate or strengthen the relationship between Capital Structure (DER) and Firm Value ( EPS) but unable to moderate the effect of Firm Size (SIZE) on Firm Value (EPS).

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Journal Info

Abbrev

edv

Publisher

Subject

Aerospace Engineering Computer Science & IT Health Professions Neuroscience Social Sciences

Description

Eduvest - Journal of Universal Studies is a double blind peer-reviewed academic journal and open access to multidiciplinary fields. The journal is published monthly by Green Publisher Indonesia. Eduvest - Journal of Universal Studies provides a means for sustained discussion of relevant issues that ...