Peran Mediasi Profitabilitas pada Pengaruh Solvabilitas dan Likuiditas terhadap Nilai Perusahaan di Sektor Perbankan Indonesia

Abstract

This study aims to determine how solvency and liquidity affect company value, mediated by profitability, in companies in the Indonesian banking sector. The variables used in this study are solvency, measured by the debt to asset ratio (DAR) and debt to equity ratio (DER); liquidity, measured by the loan to deposit ratio (LDR); and profitability, measured by return on assets (ROA) The type of research used is quantitative descriptive, which is descriptive research with a quantitative approach. The sample in this study uses banking sector companies listed on the Indonesia Stock Exchange in 2019-2023 with a sample size of 31 banking companies that have been determined based on certain criteria. The data used in this study is secondary data. The data analysis techniques used in this study are Path Analysis and Sobel Test. The results of this study indicate that the Solvency variable, measured by the Debt to Asset Ratio (DAR) and Debt to Equity Ratio (DER), has no effect on company value; the Liquidity variable, measured by the Loan to Deposit Ratio (LDR), has no effect on company value; the Profitability variable, measured by Return on Assets (ROA), has a significant positive effect on company value; the Solvency variable measured by the Debt to Asset Ratio (DAR) has a significant positive effect on profitability and the Debt to Equity Ratio (DER) has a significant negative effect on profitability, the Liquidity variable measured by the Loan to Deposit Ratio (LDR) has no effect on profitability, The profitability variable is able to mediate the relationship between solvency, measured by DAR and DER, and company value, and profitability is able to.