PENGARUH KINERJA KEUANGAN DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN VARIABEL INTERVENING FINANCIAL DISTRESS

Abstract

The research aimed to examine the effect of financial performance and firm size value with financial distress as the intervening variable. The financial performance was proxy with Return On Asset (ROA), Current Ratio (CR), Debt to Equity (DER), and firm size. The research was quantitave. Furthermore, the research populaton was Oil and Gas mining companies listed on the Indoesia Stock exchange (IDX) during 2017-2021. the data collection process us purposive sampling, in which the sample was based on the criteria given. Moreover, the data analysis technique used multiple linear regression and path analysis with SPSS 24. The research result indicated that: (1) profitability did not affect the firm value, (2) liquidity did not affect the firm value, (3) leverage had positively affected the firm value, (4) firm size had negatively affected the firm value, (5) financia distress had negatively affected the firm value, (6) financial distress was unable to mediate the effect of profitability on the firm value, (7) financial distress was unable to mediate the effect of liquidity on the firm value, (8) financial distress was unable to mediate the effect of leverage on the firm value, (9) financial distress was able to mediate the effect of firm size on the firm value.