Corporate Value Enhancement Model on the Indonesia Stock Exchange

aris kusdwiantara, widodo widodo

Abstract


This study aims to analyze the direct and indirect effects of profitability and liquidity on firm value through leverage as a mediator. The population used in this study was all technology sector companies listed on the Indonesia Stock Exchange between 2020 and 2023. The sampling technique used purposive sampling, using various criteria to obtain a sample size or observational data of 99 company financial reports. The data used is secondary data obtained through documentation. Data analysis for discussion purposes will be processed and presented using descriptive statistics, while for hypothesis testing, Partial Least Squares (PLS) analysis will be used. The results of the analysis indicate that leverage has a significant effect on firm value. Profitability has a significant effect on firm value, and profitability has a significant effect on leverage. Liquidity has no effect on firm value, and liquidity has no significant effect on leverage. The results of the mediation test indicate that leverage can mediate the effect of profitability on firm value, but leverage cannot mediate the effect of liquidity on firm value.


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References


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