PENGARUH PROFITABILITAS, LIKUIDITAS, DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN DENGAN UKURAN PERUSAHAAN SEBAGAI VARIABEL PEMODERASI

Abstract

This research examined the effect of profitability, liquidity, and capital structure on firm value at Textile and Garment companies listed on IDX during 2019-2022; with firm size as a moderating variable. Return On Asset measured profitability, Current Ratio measured liquidity, Debt to Equity Ratio measured capital structure, Price to Book Value measured firm value, and Logaritm Natural (Total Asset). The research was quantitative. Moreover, the data collection technique used purposive sampling. In line with that, there were 15 companies as the sample for 4 years. In total, 60 samples were analyzed. Furthermore, the data were secondary in the form of financial statements and annual reports taken from IDX. The result showed that both profitability, capital structure affected firm value. However, liquidity as well as firm value. In contrast, firm size could moderate the effect of profitability and capital structure affected firm value. On the other hand, firm size could not moderate the effect of liquidity on firm value.