Pengaruh Firm Size Terhadap Nilai Perusahaan dengan Profitabilitas dan Liabilitas sebagai Variabel Mediasi pada Sektor Finance yang Terdaftar di BEI Tahun 2016-2020

Abstract

This study aims to determine the effect of firm size on firm value with profitability and liability as mediating variables. This research was conducted in the finance sector listed on the Indonesia Stock Exchange (IDX) for the 2016-2020 period. The finance sector was chosen because it experienced a fairly stable movement on the IDX compared to other sectors, but the Jakarta Composite Index (JCI) experienced a decline. The type of research used is research with quantitative approach and is included in causal research. The population in this study were 94 companies. This research used purposive sampling technique and 10 companies were taken as samples. The data analysis method used in this research is Path Analysis with SmartPLS 3.0. The results of this study indicate that firm size had an effect on liabilities because large firm sizes are easy to obtain credit. Firm size had no effect on firm value because the number of company assets does not operate well in increasing profits and firm size also had no effect on profitability because the large costs of managing the company will reduce profitability. Profitability had an effect on firm value because high profitability can increase investor interest. Liabilities affect the value of the company because the greater debt will increase the risk so that it can reduce the value of the company. Profitability and liability cannot be a mediating variable between firm size and firm value because partially the firm size variable is not significantly affected in this study.