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Indonesia | Management | Volume 12 Issue 7, July 2023 | Pages: 561 - 563
The Effect of Profitability and Liquidity on Firm Value: Capital Structure as a Mediating Variable
Abstract: The purpose of this study is to investigate the influence of profitability and liquidity on firm value, considering the role of capital structure as a mediating variable in pharmaceutical companies listed on the Indonesia Stock Exchange. The research is quantitative and uses data from pharmaceutical companies listed on the Indonesia Stock Exchange from 2016 to 2021. The findings reveal that profitability positively impacts capital structure and firm value, while liquidity negatively affects them. However, capital structure does not mediate the effect of profitability and liquidity on firm value.
Keywords: Profitability, Liquidity, Capital Structure, Firm Value, Mediation, Pharmaceuticals
How to Cite?: G. M. Djoko Hanantijo, Novia Anggraini, "The Effect of Profitability and Liquidity on Firm Value: Capital Structure as a Mediating Variable", Volume 12 Issue 7, July 2023, International Journal of Science and Research (IJSR), Pages: 561-563, https://www.ijsr.net/getabstract.php?paperid=SR23708101346, DOI: https://dx.doi.org/10.21275/SR23708101346
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