The Influence of Profitability on Firm Value using Capital Structure As The Mediator

Mubyarto, Novi (2020) The Influence of Profitability on Firm Value using Capital Structure As The Mediator. Jurnal Ekonomia, 16 (2). ISSN E-ISSN: 2460-1152

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Official URL: https://journal.uny.ac.id/index.php/economia

Abstract

The purpose of this research was to determine the direct and indirect effect of profitability on firm value using capital structure as a mediator. This involves using panel data from 44 companies listed on LQ45 as of 31st December 2015-2018 and analyzed using the path analysis method including Sobel Test and Bootstrapping technique. The results showed a positive and significant direct effect of profitability on firm value while the indirect effect using capital structure as a mediator between the two variables was found to be negative and significant. Moreover, the direct influence of capital structure on firm value was discovered to be negative and significant while the introduction of profitability variables in the relationship led to a positive and significant influence. Similarly, the direct effect of profitability on firm value using capital structure as the controlling variable was also found to be positive and significant.

Item Type: Article
Subjects: 300 Ilmu Sosial
Divisions: Fakultas Ekonomi dan Bisnis Islam > Ekonomi Syariah
Depositing User: Murjoko S.Kom
Date Deposited: 30 Jun 2021 06:27
Last Modified: 23 Dec 2021 13:10
URI: http://repository.uinjambi.ac.id/id/eprint/8615

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