PENGARUH PROFITABILITAS, SIZE TERHADAP NILAI PERUSAHAAN DENGAN SRUKTUR MODAL SEBAGAI VARIABEL INTERVENING

Abstract

This study investigates the impact of profitability and firm size on firm value with capital structure as an intervening variable of Indonesian public listed firms over the period of 2006 to 2010. Using panel data and Structural Equation Model analysis, this study finds that profitability has negative influence on capital structure, with a significance value 0.023. Second, firm size has positive influence on capital structure with a significance value 0.012. Third, capital structure has positive influence on firm size with a significance value 0.000. Fourth, profitability and firm size have indirect effect on firm value with capital structure as an intervening variable.