Governors
Vol. 3 No. 3 (2024): December 2024-March 2025 issue

Capital Structure and Financial Performance on Company Value with Company Size as an Intervening Variable

Nadila, Nadila (Unknown)
Lusiana, Lusiana (Unknown)
Sari, Desi Permata (Unknown)



Article Info

Publish Date
30 Apr 2025

Abstract

This study aims to determine the effect of capital structure and financial performance on firm value with firm size as an intervening variable in non-primary sector companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 period. The sample selection technique used purposive sampling and obtained 27 non-primary sector companies. The data analysis technique used multiple linear regression analysis and path analysis using SPSS 26. Based on the results of the hypothesis, it shows that capital structure does not have a significant effect on firm size, financial performance does not have a significant effect on firm size, capital structure has a significant effect on firm value, financial performance has a significant effect on firm value, firm size has a significant effect on firm value, firm size is able to mediate the effect between capital structure on firm value, firm size is able to mediate the effect between financial performance on firm value in non-primary sector companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 period. It is hoped that this study can help non-primary sector companies listed on the Indonesia Stock Exchange (IDX) to increase their firm value by considering factors that have a significant effect on the firm value such as capital structure, financial performance, and firm size.

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Journal Info

Abbrev

governors

Publisher

Subject

Economics, Econometrics & Finance

Description

Governors is interdisciplinary in its scope and encourages submissions from any discipline or any part of the world which addresses any element of the aims of the journal. The journal encompasses the full range of theoretical, methodological, and substantive debates in the area of corporate ...