The Influence of Liquidity and Capital Structure on Company Value with Profitability as a Mediator
DOI:
https://doi.org/10.55927/ijems.v3i3.81Keywords:
Liquidity, Capital Structure, Company Value, ProfitabilityAbstract
This study aims to develop a theoretical concept to address the gap in the impact of liquidity and capital structure on the value of the Company by using the signal theory approach and capital structure theory through the mediation of profitability which is expected to contribute to increasing the value of the company. This study is a quantitative causality study because it explains the causal relationship between the independent variables (liquidity and capital structure) with the dependent variable (Company value) and the intervening variable (profitability). The population of this study is companies in the basic and chemical industries listed on the Indonesia Stock Exchange from 2016-2022. The results of the study indicate that profitability cannot mediate the effect of liquidity on company value in the basic and chemical industry sectors in the period 2016-2022
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