The Effect of Liquidity, Leverage and Company Size on Company Value with Profitability as an Moderating Variable in Manufacturing Companies Listed on the Indonesia Stock Exchange in 2019-2021
Abstract
The aim of this research is to determine the influence of liquidity, leverage and company size on company value with profitability as a moderating variable in manufacturing companies in the consumer goods sector listed on the Indonesia Stock Exchange in 2019-2021. Samples were taken based on predetermined criteria using the purposive sampling method. Data that meets the criteria amounts to 83 companies. The sample processing method uses moderated regression analysis (MRA) using the SPSS application. The results obtained in this research are that liquidity has no effect on company value, leverage has an effect on company value, company size has no effect on company value, and profitability is only able to moderate the relationship between company size and company value. These results indicate that companies need to improve liquidity performance and pay attention to profitability performance in order to increase company value which will provide a positive signal to investor.
Keywords
References
Astari, Rinofah, Mujino. 2019. Pengaruh Struktur Modal Dan Profitabilitas Terhadap Nilai Perusahaan Dengan Ukuran Perusahaan Sebagai
Moderasi. Jurnal Ilmiah MEA Vol. 3, No. 3, 2019
Azlina, Nur. 2009. Pengaruh Tingkat Perputaran Modal Kerja, Struktur Modal dan Skala Perusahaan terhadap Profitabilitas. Pekbis Jurnal Vol. 1 No 2
Brigham, Eugene F dan Houtson, Joel F. 2001. Manajemen Keuangan. Edisi
Kedelapan, Buku 2. Terjemahan oleh Herman Wibowo.
Jakarta:Erlangga.
Darwis, H. 2009. Corporate Governance Terhadap Kinerja Perusahaan. Jurnal Keuangan dan Perbankan. 13(3): 418- 430.
Ghozali, Imam. 2009. Aplikasi Analisis Multivariate Dengan Program SPSS.
CetakanKeempat. Badan Penerbit Universitas Diponegoro. Semarang.
Khotimah, Mustikowati, Sari. 2020. Pengaruh Ukuran Perusahaan Dan Leverage Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel
Moderasi. Jurnal Riset Mahaiswa Akuntansi (JRMA) Vol. 8, N0. 2,
tahun 2020
Kusumajaya, D, K, 2011. Pengaruh Struktur Modal Dan Pertumbuhan perusahaan terhadap profitabilitas dan nilai perusahaan pada perusahaan manufatur di
Bursa Efek Indonesia. Tesis . Denpasar : Program Pasca Sarjana
Universitas Udayana.
Petra, B. A., Apriyanti, N., Agusti, A., & Yulia, Y. (2020). Pengaruh Ukuran
Perusahaan , Current Ratio dan Perputaran Persediaan terhadap Pertumbuhan Laba, 5(2), 197–214.
Pratama, dan Wiksuana. 2016. “Pengaruh Ukuran Perusahaan Dan Leverage
Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel
Mediasi.” E-Jurnal Manajemen Universitas Udayana 5. profitability: an empirical investigation in Turkey. International
Research Journal of Finance and Economics, 24(2), 186-193.
Raheman, A., dan Nasr, M. (2007). Working capital management and
profitability– case of Pakistani firms. International review of business
research papers,3(1), 279-300.
Rahmantari. 2021. Pengaruh Corporate Social Responsibility Terhadap Nilai
Perusahaan Dengan Ukuran Perusahaan Dan Profitabilitas Sebagai Variabel Moderasi Pada Perusahaan Farmasi Yang Terdaftar DiBursa Efek Indonesia. Jurnal Ganec Swara Vol. 15, No.1, Maret 2021
Rahmawati, N., & Amboningtyas, D. (2016). the Influence of Profitability and Leverage To Company Values With Divident the Influence of Profitability and Leverage To Company Values With Divident. Fakultas Ekonomika dan Bisnis Universitas Pandanaran Semarang.
Retnasari, A., Setiyowati, S. W., & Irianto, M. F. (2021). Profitabiltas Memoderasi Likuiditas Dan Growth Opportunity Terhadap Nilai Perusahaan. El Muhasaba, Jurnal Akuntansi, 12(1), 32–41.
Riyanto, Bambang. 2011. Dasar-Dasar Pembelanjaan Perusahaan. Edisi Ke 4. Yogyakarta : BPFE.
Sugiyono. 2005. Metode Penelitian Bisnis. Cetakan Kedelapan. CV Alfabeta. Bandung.
Suherman, Purnamasari, Mardiyati. 2019. Pengaruh Struktur Aset, Likuiditas,
Dan Profitabilitas Terhadap Struktur Modal Dimoderasi Oleh Ukuran Perusahaan. Jurnal Ilmiah Akuntansi Vol. 9, No. 2, Juni 2019
Uyar, A. (2009). The relationship of cash conversion cycle with firm size and
Wijaya, Bayu Irfandi dan I. B. Panji Sedana. (2015). Pengaruh Profitabilitas
Terhadap Nilai Perusahaan (Kebijakan Dividen dan Kesempatan
Investasi Sebagai Variable Mediasi). E-Jurnal Manajemen Unud. 4(12): h: 4477- 4500.
William, W., & Tanusdjaja, H. (2023). PENGARUH LIKUIDITAS DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI MODERASI. Jurnal Paradigma Akuntansi, 5(2), 2860-2869.
DOI: https://doi.org/10.24815/jr.v6i3.34290
Article Metrics
Abstract view : 0 timesPDF - 0 times PDF - 0 times
Refbacks
- There are currently no refbacks.

This work is licensed under a Creative Commons Attribution 4.0 International License.
Riwayat: Educational of History and Humanities indexed by
___________________________________________________________
Riwayat: Educational of History and Humanities
E-ISSN 2775-5037
P-ISSN 2614-3917
Published by History Education Department, Faculty of Teacher Training and Education, Universitas Syiah Kuala, Province Aceh. Indonesia
W :https://jurnal.usk.ac.id/riwayat
E : riwayat@usk.ac.id
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.