THE EFFECTOF CAPITAL STRUCTURE, COMPANY GROWTH, AND INFLATION ON FIRMVALUE WITH PROFITABILITY AS INTERVENING VARIABLE(STUDYON MANUFACTURING COMPANIESLISTED ON BEI PERIOD 2014 -2018

THE EFFECTOF CAPITAL STRUCTURE, COMPANY GROWTH, AND INFLATION ON FIRMVALUE WITH PROFITABILITY AS INTERVENING VARIABLE(STUDYON MANUFACTURING COMPANIESLISTED ON BEI PERIOD 2014 -2018

Firm Value, Capital Structure, Company Growth, Inflation, Profitability

The purpose of this research is to test and analyze theeffect of capital structure, company growth, and inflation on firm value with profitability as intervening variable. The population in this research ismanufacturing companies listed on the Indonesia Stock Exchange in 2014 -2018 totaling 174 companies. Determination of the sample is selected by purposive sampling. Out of 174 populations, only 27 samples were selected. Thetype of research data is panel data. Path analysis was chosen as the method of data analysis. The results showsthat partially capital structure has a significant effect on firm value, company growth and inflation have no significant effect on firm value, capital structure has a significant effect on profitability, company growth and inflation have no significant effect on profitability, profitability has a significant effect on firm value. Profitability mediates the effect of capital structure on firm value, profitability does not mediate the effect of company growth and inflation on firm value.

Maya Topani Suzulia1, Sudjono2, Ahmad Badawi Saluy3

https://dinastipub.org/DIJEFA/article/view/226/165

Universitas MercuBuana

26th April 2020

Maya Topani Suzulia

PDF

English

Text