Analisis Pengaruh Struktur Modal Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Mediasi (Studi Kasus Pada Bursa Efek Indonesia Tahun 2017 - 2020)

Tri Purwani
Rahmat Budi Santoso

Jurnal Bisnis dan Ekonomi
Vol 29 No 1 (2022): Vol. 29 No. 1 EDISI MARET 2022

The purpose of this study is to examine the direct effect of capital structure and firm size on firm value and the indirect effect through the profitability. The population in this study were companies listed on the IDX in 2017 – 2020. The sample was taken using a purposive sampling technique with a total sample of 97 companies. The analytical technique used in this research is multiple regression analysis and Sobel test. The results showed that the capital structure and firm size had a significant positive effect on profitability. The results also show that capital structure, firm size and profitability have a significant positive effect on firm value. The results of the Sobel test show that profitability can mediate the effect of capital structure and firm size on firm value. However, the coefficient of determination has a low value in both equations.