Peran Media Profitabilitas Pada Pengaruh Ukuran Perusahaan Dan Struktur Modal Tehadap Nilai Perusahaan

Abstract

This study aimed to investigate and analyze the effects of firm size on profitability, capital stucture on profitability on firm value, the firm size on firm value, and capital structure on firm value. This study also examined whether profitability can mediate the effect on firm size on firm value and whether profitability can mediate the effect the effect of structure on firm value. The population in thus study were manufacturing companies in the Automotive and Components sector listed on the Indonesian Stock Exchange (IDX) for 2013-2019. The sample selection was carried out by a saturated sampling method using certain criteria to obtain seven companies as samples. The data analysis method used multiple linear regression analysis with Statistical Product and Service Solutions (SPSS) and Sobel Test. Based on the classical assumption test result through the normality test, heteroscedasticity test, multicollinearity test test, autocorrelation test, and Sobel Test, this study indicated that all variables did not violate the specified conditions. While the te result of the feasibility test on the model through the F test and the coefficient of determination (R2) tes stated that the regression model was feasible to use in this study. The result showed that firm size had a significant and possitive effect on profitability; the capital stucture had a significant and positive effect on profitability, profitability had no sigificant effect on firm value, firm size had no significant effect on firm value, the capital stucture had no significant effect on firm value. In addition, the profitablity variables did not mediate capital structure on firm value.

Keywords

• firm size, capital stucture, profitability, and firm value