Pengaruh Integrated Reporting Quality, Capital Structure, dan Profitability terhadap Firm Value dengan Financial Transparency sebagai Variabel Mediasi Pada Perusahaan Properti yang Terdaftar pada BEI Tahun 2020-2024

Naila Syifa Azahra (Universitas 17 Agustus 1945 Surabaya)
Olivia Lovina Hermanto (Universitas 17 Agustus 1945 Surabaya)
Sinta Tri Hapsari (Universitas 17 Agustus 1945 Surabaya)
Chava Annastasia Candra (Universitas 17 Agustus 1945 Surabaya)
Maria Yovita R.Pandin (Universitas 17 Agustus 1945 Surabaya)

Scripta Economica: Journal of Economics, Management, and Accounting
Vol 2 No 1 (2026): July: Scripta Economica: Journal of Economics, Management, and Accounting

This study aims to examine the effect of Integrated Reporting Quality (IRQ), capital structure, and profitability on firm value, with Financial Transparency as a mediating variable in property companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. The study employs panel data from five selected firms (SMRA, APLN, CTRA, ASRI, and LPCK), resulting in 25 observations. Data analysis is conducted using Partial Least Squares–Structural Equation Modeling (PLS-SEM) with SmartPLS 4. The direct effect results indicate that capital structure has a negative and significant effect on firm value (β = −0.262; t = 2.891; p = 0.004), while IRQ (β = 0.126; p = 0.424) and profitability (β = 0.165; p = 0.261) show no significant effect. Financial Transparency has a negative and significant effect on firm value (β = −0.651; t = 12.087; p < 0.001) but does not mediate the relationships, as all indirect effects include zero in their confidence intervals. The model explains 52.5% of variance (R² = 0.525), indicating moderate explanatory power.