CHABACHIB, Mochammad and HERSUGONDO, Hersugondo and ARDIANA, Erna and PAMUNGKAS, Imang Dapit (2020) Analysis of Company Characteristics of Firm Values: Profitability as Intervening Variables. International Journal of Financial Research, 11 (1). pp. 60-70. ISSN 1923-4023

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Abstract

This study aims to analyze the factors that influence company value (PBV) in consumer goods companies listed on the
Indonesia Stock Exchange in 2014 2018. The independent variables used in the study are capital structure (DER),
company size (S IZE), liquidity (CR) with profitability (ROE) as an intervening variable.
The population used in this study is all companies engaged in the consumer goods sector listed on the Indonesia Stock
Exchange in 2014 2018. Sampling in this study used purposive sam pling which resulted in a sample of 128 consumer
goods sector companies. The method used is path analysis which is the development of multiple regression and
bivariate analysis.
The results of this study indicate that company size and liquidity have a posi
tive and significant effect on profitability,
the capital structure has a negative and not significant effect on profitability. Profitability and company size have a
positive and significant effect on firm value. Capital structure and liquidity have a posi tive and not significant effect on
firm value. Then profitability is able to mediate the influence of company size and liquidity on firm value, but
profitability is not able to mediate the influence of capital structure on firm value.

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