PENGARUH STRUKTUR MODAL DAN STRUKTUR AKTIVA TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABELINTERVENING PADA PERUSAHAAN SUB SEKTOR TRANSPORTASI YANG TERDAFTAR DI BEI TAHUN 2017-2021

Abstract

This study aims to find out how the effect of capital structure and asset structure on firm value through profitability as an intervening variable in transportation sub-sector companies listed on the IDX in 2017-2021. The type of research used is associative research with a quantitative approach. The population in this study are all transportation companies listed on the Indonesia Stock Exchange totaling 46 companies. The samples used in this study were 17 transportation sub-sector companies listed on the IDX. The research period is for five years from 2017-2021. The data used were secondary data obtained from www.idx.com as well as several company websites that were sampled in the study, while the analytical tools used were descriptive statistical tests, classical assumption tests, hypothesis testing, and path analysis tests (Path Anaysis). The results of this study indicate that capital structure has a positive effect on profitability, asset structure has a negative effect on profitability, capital structure has no effect on firm value, asset structure has a negative effect on firm value, profitability has no effect on firm value, profitability is unable to mediate the effect of structure capital on firm value, profitability is unable to mediate the influence of asset structure on firm value.