Optimalisasi Struktur Modal: Profitabilitas Memediasi Nilai Perusahaan pada Sub Sektor Batubara Periode 2019-2023

Rosyid Rosyid
Srie Nuning Mulatsih
Budiastuti Fatkar

Jurnal Manajemen Bisnis Era Digital
Vol. 1 No. 2 (2024): Mei : Jurnal Manajemen Bisnis Era Digital

In this study, it is investigated how the optimal capital structure can impact the value characteristics of coal companies and whether the capital structure will have an impact on firm value through the mediating variable of profitability. The data collection technique used panel data from leading coal companies and applied regression analysis method to test the influence between independent variables, mediating variables, and dependent variables. The research findings show that there is a significant influence between capital structure and probability characteristics, with the mediating variable of profitability playing a significant role. The findings can provide valuable insights for coal company management in adapting its capital structure.