PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN PERTUMBUHAN PERUSAHAAN SEBAGAI VARIABEL MODERATING

Abstract

This research aimed to find out the effect of capital structure, firm size, and profitability on firm value with companies’ growth as the moderating variable. The population was Consumer Goods companies listed on Indonesia Stock Exchange during 2017-2021.The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 32 companies for 5 years as the population. In total, there were 160 samples. Moreover, the data analysis technique used moderated regression. The result concluded that capital structure had a positive but insignificant effect on firm value. However, firm size had a positive and significant effect on firm value. Likewise, companies growth had a positive and significant effect on firm value. While capital structure which was moderated by companies' growth had a positive and strengthened effect on firm value. Similarly, firm size which was moderated by companies’ growth had a positive and strengthened effect on firm value. Likely profitability which was moderated by companies’ growth had a positive and strengthened effect on firm value. Therefore, when there was an incline, the firm value would be affected.