Abstract

The research aims to test and analyze the ability of profitability to moderate the factors that affect the value of the company. Issuers used as research objects are non-financial companies listed on the Indonesia Stock Exchange in 2019 – 2020. The population in this study totaled 675 companies and using the purposive sampling method obtained a sample of 129 companies. The data analysis method used was Partial Least Square using a two-stage approach model using the SmartPLS 3 statistical software tool. The results show that the variable leverage, liquidity, dividend policy, and tax aggressiveness have no effect on firm value in non-financial companies listed on the Indonesia Stock Exchange for the 2019- 2020. Meanwhile, profitability has not been able to moderate the relationship between firm value and the factors that influence it.

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