Economics and Business
Quarterly Reviews
ISSN 2775-9237 (Online)
Published: 27 September 2023
Analysis of Profitability, Liquidity on Company Value with Capital Structure as a Moderating Variable in Property Companies Listed on the Indonesia Stock Exchange in 2017-2021
Mohammad Rizky, Zainul Kisman
Universitas Trilogi, Indonesia
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10.31014/aior.1992.06.03.532
Pages: 212-221
Keywords: Profitability, Liquidity, Firm Value, Capital Structure
Abstract
This study's goal is to explore and assess the profitability, liquidity, and firm value of property companies listed on the Indonesia Stock Exchange between 2017 and 2021 using capital structure as a moderating variable. Because the data in this study is in the form of numbers, it is quantitative in nature and is based on a causality approach. This study's main objective is to analyze profitability, liquidity, and firm value with capital structure acting as a moderating variable. The population of the study consists of all the real estate firms registered on the Indonesia Stock Exchange between 2017 and 2021. Purposive sampling was the technique employed in this research. Multiple Regression and Moderated Regression Analysis (MRA) as well as descriptive statistics are used in the data analysis for this study. Utilizing the SPSS 23 application program, computer technology will be used to assist in the analysis of the data acquired for this study. All real estate companies listed on the Indonesia Stock Exchange for the years 2017 through 2021 will benefit from profitability in terms of firm value. For the period of 2017 to 2021, all property businesses listed on the Indonesia Stock Exchange can use capital structure to reduce the negative impact of profitability on firm value. For the period of 2017 to 2021, all of the property businesses listed on the Indonesia Stock Exchange can use capital structure to reduce the negative impact of liquidity on company value.
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