The Role Of Profitability In Moderating The Influence Of Capital Structure, Dividend Policy, And Company Size On Company Value In Mining Sector Companies Listed On The Indonesia Stock Exchange
Abstract
This study aims to determine and analyze the effect of capital structure on company value, the effect of dividend policy on company value, the effect of company size on company value, profitability moderates the relationship between capital structure and company value, profitability moderates the relationship between dividend policy and company value, profitability moderates the relationship between company size and company value. The population of the study was all mining sector companies listed on the Indonesia stock exchange, the number of which was determined based on purposive sampling totaling 13 samples for the period 2019-2023. The data analysis method in this study used partial least square-structural equation modeling (SEM-PLS). The results of the study indicate that: (1) capital structure has a positive but insignificant effect on company value; (2) dividend policy has a positive and significant effect on company value; (3) company size has negative and significant effect on company value; (4) profitability strengthens but is not significant the relationship between capital structure and company value; (5) profitability strengthens and is significant the relationship between dividend policy and company value; (6) profitability strengthens and is significant the relationship between company size and company value.
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