Efek Mediasi Profitabilitas Pada Pengaruh Struktur Modal, Firm Size dan Intellectual Capital Terhadap Nilai Perusahaan Non Keuangan Emiten LQ45 di Bursa Efek Indonesia

Abstract

This study aims to examine the influence of capital structure, firm size and intellectual capital on firm value with profitability as an intervening variable among non-financial LQ45 issuers listed on the Indonesia Stock Exchange (IDX). The research is a quantitative causal study with data collected from the annual reports of non-financial LQ45 companies listed on the IDX from 2018 to 2023. The sampling technique used is purposive sampling. Based on the sampling criteria, 19 companies with 114 observations from published annual report for the 2018-2023 period were selected as samples. Path analysis was used for data analysis. The results indicate that capital structure has a positive and significant effect on firm value. Firm size also positively and significantly affect firm value. Likewise, intellectual capital positively and significantly influence firm value. Profitability itself has a positive and significant effect on firm value. Furthermore, capital structure, firm size and intellectual capital positively and significantly impact firm value through profitability as a mediating variable.