The Influence of Capital Structure and Company Characteristics on Company Value as Mediated by Profitability

Abstract

This research was conducted to determine the influence of capital structure and company characteristics on company value through profitability. This research uses secondary data obtained directly from the financial reports of consumer goods industry companies listed on the Indonesia Stock Exchange for the 2020-2022 period. StudyUsing the Smart-PLS application, it shows that capital structure and company characteristics have no effect on company value, capital structure has an effect on company value, and characteristics have no effect on company value. The research results show that profitability has no effect on company value. Structurecapital and company characteristics as indicated by profitability have no effect on company value