The Influence of Capital Structure, Company Growth and Company Size on Company Value With Profitability as A Moderation Variable

Abstrak

This study was conducted to test and analyze the effect of capital structure, company growth and company size on company value with Profitability as moderation. The object of research on manufacturing companies in the Food & Beverage sector listed on the Indonesia Stock Exchange in 2013 – 2022, this research was conducted using quantitative methods. The number of samples in this study based on criteria was obtained as many as 100 data from 10 companies for 10 periods with the Eviews 12 testing tool. Selection of panel data regression models using the common effeck model, fixed effect model and random effect model. Panel data regression model testing using Chow test, Hausman test and Lagrange Multiplier (LM) test. Data processing techniques use descriptive statistical tests, panel data regression model selection, classical assumption tests, hypothesis tests, determination coefficient tests and moDERate regression analysis (MRA). The results showed that: the results of the statistical test coefficient of determination (R2) showed that capital structure, company growth and company size together affect company value by 98.20%, capital structure has no effect on company value, company growth affects company value, Company size does not  affect company value, Capital structure, company growth and company size affect company value, Profitability strengthens the relationship between capital structure  and company value, Profitability weakens the relationship between company growth and company value, Profitability moderates the relationship between company size and company value