Open AccessRole Of Debt Level In Mediating Effect Between Firm Size On Firm Value(Empirical Study Of Companies Listed On LQ 45 Indonesia Stock Exchange)
Author(s) -
Elwisam
Publication year - 2021
Publication title -
psychology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.112
H-Index - 10
ISSN - 0033-3077
DOI - 10.17762/pae.v58i1.761
Subject(s) - stock exchange , enterprise value , structural equation modeling , value (mathematics) , sample (material) , debt , monetary economics , econometrics , business , economics , accounting , statistics , mathematics , finance , chemistry , chromatography
The purpose ofstudy is to analyze howinfluence of firm size on firm value withlevel of debt as a mediating variable.sample consisted of 26 companies listed on LQ45 index 2014-2016.study uses Structural Equation Modelling (SEM) withhelp of AMOS 21 software.results showed: (1) firm size had a negative and significant effect on firm value; and (2)level of debt is proven to be able to mediate (partial mediating)relationship between company size and firm value.