STRUKTUR MODAL DAN AKTIVITAS TERHADAP NILAI PERUSAHAAN MELALUI PROFITABILITAS PADA PERUSAHAAN INFRASTRUKTUR

Yasinta Noviana  Putri; Rika  Rahayu

Yasinta Noviana Putri Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya
Rika Rahayu Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya

Keywords: capital structure, activities, profitability, and firm value

Abstract

This research examines the effect of capital structure and activities on firm value which was mediated by profitability. Furthermore, the capital structure was measured by debt equity ratio, activities were measured by total asset turnover, firm value was measured by free cash flow, and profitability was measured by return on assel.The research applies quantitatively. Moreover, the population consists of infrastructure companies listed on the Indonesia Stock Exchange (IDX). The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 27 companies in the sample. The data were taken for 5 years (2019-2023). Additionally, the data analysis technique used Parnal Least Square (PLS).The result concludes that capital structure has a significant effect on profitability. Likewise, activities have a significant effect on profitability. In addition, profitability can mediate capital structure on firm value. Similarly. profitability can mediate activities on firm value. Also, profitability has a significant effect on firm value. Capitol structure has a significant effect on firm value. Activities have a significant effect on firm value.