The Influence of Liquidity, Profitability, and Company Size on Company Value with Capital Structure as an Intervening Variable

Abstract

This research aims to examine the influence of liquidity, profitability and company size on company value as proxied by Price to Book Value, with capital structure as an intervening variable. The research population consisted of building construction companies listed on the Indonesia Stock Exchange for the 2018-2022 period, 9 companies were selected using the saturated sample method. Data analysis was carried out using SEM PLS. The research results show that liquidity and capital structure do not have a significant effect on company value, while profitability and company size have a significant positive effect. In addition, liquidity and profitability have a significant negative effect on capital structure, while company size has a significant positive effect on capital structure. However, capital structure is unable to mediate the influence of liquidity, profitability and company size on company value.