PROFITABILITAS MEMEDIASI PENGARUH STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN PROPERTI YANG TERDAFTAR DI BEI

Abstract

Firm value reflects the prosperity of the owner of the company and to create the prosperity for the
stakeholders. This research is meant to find out the capability of profitability to mediate the influence of
capital structure to the firm value. The population of this research is all companies in property sector
which are listed in Indonesia Stock Exchange in 2010-2014 periods. The method of sample determination
is done by using purposive sampling method, and 8 companies have been selected as samples. The
research data is secondary data which has been retrieved from Indonesia Capital Market Directory in
2010-2014 periods. The hypothesis test has been done by using Partial Least Square (PLS) 2.0 M3
version. The result of this research shows that: (1) capital structure has significant and positive influence
to the profitability; (2) capital structure does not have any significant but positive influence to the firm
value; (3) profitability has significant and positive influence to the firm value; (4) profitability is able to
mediate the influence of capital structure to the firm value. The property company which is listed in
Indonesia Stock Exchange does not achieve the optimal point yet in their debt rates, therefore the added
of debt proportion is able to increase the profitability is reliable to get the higher of firm value.

Keywords: Firm Value, Capital Structure, Profitability.