PROFITABILITAS SEBAGAI PEMEDIASI FIRM SIZE, STRUKTUR MODAL DAN LIKUIDITAS TERHADAP CORPORATE VALUE

Abstract

This study aims to determine the effect of firm size, capital structure, and liquidity on corporate value with profitability as an intervening variable. The population of this study includes all manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange (IDX) as many as 65 companies in the 2017-2020 period. The research sampling technique was purposive sampling, and obtained as many as 31 companies with a total of 124 data. Based on the results of data analysis, it was concluded that firm size and liquidity had a negative effect on profitability, capital structure had a positive effect on profitability, firm size and capital structure had a positive effect on firm value, liquidity had no effect on profitability, profitability had a negative effect on firm value, and profitability was able to mediates the effect of firm size, capital structure, and liquidity on corporate value.