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Volume 05 Issue 12 December 2022

Measuring Company Value with Intervening Profitability Variables in Companies Listed on the Indonesia Stock Exchange's LQ-45 Index for the 2018–2021 Period
1Ahmad Syauqi ,2Yuniningsih Yuniningsih,3Tri Kartika Pertiwi
1,2,3Magister of Management, Faculty of Economics and Business, Universitas Pembangunan Nasional “Veteran” Jawa Timur. Indonesia.
DOI : https://doi.org/10.47191/ijmra/v5-i12-41

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ABSTRACT:

This study aims to analyze the effect of company size, capital structure and dividend policy on company value with profitability as an intervening variable in LQ-45 Companies Listed on the Indonesia Stock Exchange for the 2018-2021 Period. All companies listed on the Indonesia Stock Exchange's LQ-45 index from 2018 to 2021 comprise the study's population, namely there are 63 companies. Purposive sampling is used in the sampling process. using criteria-based sampling, from a total population of 63 companies only 28 companies meet the criteria and are used as research samples. Data analysis utilizing analysis path and multivariate linear regression. The findings indicated that a company's size had an impact on company's value, While the dividend policy does not impact the value of the company's value, the capital structure does. profitability mediates the effect of company size on company value, profitability does not mediate the effect of capital structure on company value and profitability mediates the effect of dividend policy on company value.

KEYWORDS:

Company Size, Capital Structure, Dividend Policy, Profitability, Company Value.

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Volume 05 Issue 12 December 2022

There is an Open Access article, distributed under the term of the Creative Commons Attribution – Non Commercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting and building upon the work for non-commercial use, provided the original work is properly cited.


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