ANALISIS PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING (Studi pada Perusahaan Consumer Goods yang terdaftar di BEI pada Tahun 2012-2016)
Abstract: The company's
goal is to
maximize shareholder value
as measured by the
company's stock price that affects the value of the company. This study aims to
analyze the factors that affect firm value (PBV) in consumer goods company that
is listed on the Indonesia Stock Exchange period of 2012-2016. Independent
variables used in study are capital structure (DER), firm size, liquidity (CR)
and profitability (ROE) as an intervening variable.
The population used in this study are all companies engaged in consumer
goods company which is
listed on Indonesia
Stock Exchange (IDX)
period of 2012-2016. Sampling in this
study using purposive
sampling which resulted in a sample into 30 companies of consumer goods sectors. The
analysis technique used is Path Analyst which is a development of the bivariate
and multiple regression analysis.
The results of this study showed that firm size and liquidity have a
positive effect and significant to profitability, capital structure has a
negative effect and insignificant to profitability. Profitability and firm size
have a positive effect and significant to firm value. Capital structure and
liquidity have a positive effect and insignificant to firm value. Profitability
is able to mediate the effect of firm size and liquidity on firm value. But
profitability is not able to mediate the effect of capital structure on firm
value.
Keywords: capital structure,
firm size, liquidity, profitability and firm value
Penulis: Erna Ardiana,
Mochammad Chabachib
Kode Jurnal: jpmanajemendd180414
