PENGARUH STRUKTUR MODAL DAN LIKUIDITAS PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MEDIASI PADA SUB SEKTOR JASA KONSTRUKSI DAN BANGUNAN PADA BURSA EFEK INDONESIA (BEI)

Antonius Andhika Ardi Sasongko, Djoko Hanantijo

Abstract


This research was conducted to determine the relationship between Capital Structure and Liquidity on Firm Value and Profitability as a mediating variable. Capital structure is proxied by Debt To Equity Ratio (DER), Liquidity is proxied by Current Ratio (CR), Company value is proxied by Price To Book Value (PBV), and Profitability is proxied by Return On Equity (ROE). The study used purposive sampling, by determining samples from 17 building construction companies listed on the Indonesia Stock Exchange (IDX) for the 2018-2022 period and analyzed using the r test, t test and f test. The results showed that the Current Ratio has a significant negative effect on Price To Book Value (PBV). Debt To Equity Ratio (DER) has a significant positive effect on Price To Book Value (PBV). ROE is able to mediate Current Ratio (CR) and Debt To Equity (DER) in influencing Price To Book Value

Keywords


Debt To Equity Ratio (DER), Current Ratio (CR), Price To Book Value (PBV),Return On Equity (ROE. )

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References


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