Pengaruh Struktur Modal, Pertumbuhan Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Intervening

Abstract

The purpose of this scientific study is to analyze the influence of capital structure, firm growth, and firm size on firm value with profitability as an intervening variable in transportation firms listed on the Indonesia Stock Exchange for the period 2021-2023. The sample selection was conducted using a purposive sampling method, with a sample size of 19 firms. The data used were secondary data, and the analyctical techniques applied included multiple linear regression and path analysis. This study found that capital structure has a positive and significant direct effect on firm value, while firm growth has no significant effect on firm value. Firm size has a negative and significant effect on firm value, and profitability has no significant effect on firm value. The indirect effect indicates that profitability does not mediate the effect of capital structure on firm value. However, profitability does mediate effects of both firm growth and firm size on firm value