Authors :
Muh. Imadudin Akmal; Gagaring Pagalung; Mediaty
Volume/Issue :
Volume 7 - 2022, Issue 11 - November
Google Scholar :
https://bit.ly/3IIfn9N
Scribd :
https://bit.ly/3UMYvpg
DOI :
https://doi.org/10.5281/zenodo.7329111
Abstract :
This study aims to examine and analyze the
effect of financial performance on firm value with
capital structure as a mediating variable. The object of
research is a food and beverage industry manufacturing
company listed on the Indonesia Stock Exchange.
Determination of the sample using purposive sampling
technique is a sampling technique with certain
considerations. The total population in this study was 26
companies. Data collection is done by means of a
documentary in the form of financial report data with
data analysis using moderated regression analysis
(MRA). The results show that: first, liquidity has a
positive effect on firm value. Second, profitability has a
positive effect on firm value, Third, dividend policy has
a positive effect on firm value. Fourth, the capital
structure has a positive effect on the value of the
company. Fifth, capital structure mediates the effect of
liquidity on firm value. Sixth, capital structure mediates
the effect of profitability on firm value. Seventh, capital
structure mediates the effect of dividend policy on firm
value.
Keywords :
liquidity, profitability, dividend policy, firm value and capital structure
This study aims to examine and analyze the
effect of financial performance on firm value with
capital structure as a mediating variable. The object of
research is a food and beverage industry manufacturing
company listed on the Indonesia Stock Exchange.
Determination of the sample using purposive sampling
technique is a sampling technique with certain
considerations. The total population in this study was 26
companies. Data collection is done by means of a
documentary in the form of financial report data with
data analysis using moderated regression analysis
(MRA). The results show that: first, liquidity has a
positive effect on firm value. Second, profitability has a
positive effect on firm value, Third, dividend policy has
a positive effect on firm value. Fourth, the capital
structure has a positive effect on the value of the
company. Fifth, capital structure mediates the effect of
liquidity on firm value. Sixth, capital structure mediates
the effect of profitability on firm value. Seventh, capital
structure mediates the effect of dividend policy on firm
value.
Keywords :
liquidity, profitability, dividend policy, firm value and capital structure
