Jurnal Paradigma Akuntansi
Vol. 8 No. 4 (2026): Oktober 2026

PENGARUH STRUKTUR MODAL, LIKUIDITAS, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN: MODERASI UKURAN PERUSAHAAN

Salva Sefika Marlan (Unknown)
Vidyarto Nugroho (Unknown)



Article Info

Publish Date
06 Oct 2026

Abstract

This research endeavors to analyze the influence of capital structure, liquidity, and profitability on firm value, while simultaneously exploring the extent to which firm size serves as a moderating factor. The analysis concentrates on healthcare entities registered on the Indonesia Stock Exchange (IDX) during the 2020-2024 timeframe. A purposive sampling technique was employed to select the sample, yielding 54 observations that were adjusted using the Cochrane-Orcutt transformation method. To process the data, Moderated Regression Analysis (MRA) incorporating a mean centering approach was carried out with the aid of IBM SPSS version 27 and Microsoft Excel 2021. The results reveal that the collective interaction of independent, moderating, and interaction variables yields a significant impact on firm value. When examined in isolation, capital structure, liquidity, and profitability are each found to possess a substantial relationship with firm value. Furthermore, the findings confirm that firm size acts as a significant moderator for the connection between capital structure and firm value; nonetheless, no such moderating effect is identified regarding the links between liquidity, profitability, and firm value. These results provide strategic guidance for healthcare management to prioritize profit stability and optimize capital and liquidity policies while taking firm scale into account to maximize corporate value.

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Journal Info

Abbrev

jpa

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Jurnal Paradigma Akuntansi merupakan jurnal yang mempublikasi artikel-artikel yang dibuat oleh Mahasiswa/i Jurusan Akuntansi Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara. Jurnal ini mempublikasikan artikel-artikel di lingkup bidang akuntansi dasar, perpajakan, auditing, akuntansi keuangan ...