Open AccessProfitabilitas Sebagai Mediasi Pertumbuhan Penjualan dan Struktur Modal terhadap Nilai Perusahaan
Author(s) -
Bayu Ajie Santoso,
Anindhyta Budiarti
Publication year - 2020
Publication title -
jesya
Language(s) - English
Resource type - Journals
ISSN - 2599-3410
DOI - 10.36778/jesya.v3i2.158
Subject(s) - debt to equity ratio , return on equity , real estate , stock exchange , capital structure , business , business administration , profitability index , book value , monetary economics , economics , financial economics , financial system , debt , finance , population , demography , earnings , sociology , nonprobability sampling
This research aimed to analyze and find out the effect of sales growth and capital structure on the firm value, with profitability as moderating variable. In line with, there were 11 Property and Real estate companies which were listed on Indonesia Stock Exchange 2014-2018 as samples. In addition, the data analysis technique used path analysis with Smart PLS 3.0. The research result concluded Sales Growth (SG) and Debt to Equity Ratio (DER) had positive and significant effect on Return On Equity (ROE). Meanwhile, Sales Growth (SG) and Return On Equity (ROE) had negaitve and insignificant effect as well as Debt to Equity Ratio (DER) had negaitve and significant effect on the Price to Book Value (PBV). In short, profitability did not mediate the effect of Sales Growth (SG) and Debt to Equity Ratio (DER) on Price to Book Value (PBV).