PENGARUH PROFITABILITAS, LIKUIDITAS, DAN KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL MODERASI

Siti Mardiah, Rollis Ayu Ditasari

Abstract


The purpose of this study is to provide evidence of the significant influence of profitability, liquidity and investment decisions on company value with capital structure as a moderating variable. The objects of this research are mining sector companies listed on the Indonesia Stock Exchange (BEI) for the 2018-2022 period, totaling 86 companies. The type of research is quantitative research with secondary data in the form of annual financial reports of mining sector companies. The number of samples in this study was 240 samples selected using the purposive sampling method. The data analysis method in this research is multiple linear regression analysis with the help of SPSS version 25 software. The research results show that profitability and liquidity have a positive and significant effect on company value, while investment decisions have no effect on company value. The capital structure shows that it is unable to moderate the influence of profitability on company value, while the capital structure is able to moderate the influence of liquidity and investment decisions on company value.

Keywords: Profitability, Liquidity, Investment Decisions, Firm Value, Capital Structure.


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References


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