The Factors that Influence on Firm Value and Company Performance as Mediation Variables (Study Manufacturing Companies period 2015-2017)

This study examined the influence of Leverage and Size on Firm Value that was measured by Price to Book Value and Company Performance that measured by Return on Assets as a mediating variable. The sample of this study used 60 manufacturing companies listed on Indonesian Stock Exchange period 2015-2017. This study was tested using Warp Partial Least Square program to prove the hypothesis proposed. The results showed that Leverage had no effect on Return on Assets and had a significant positive effect on Price to Book Value. Meanwhile Size had a significant positive effect on Return on Assets but it did not have a direct effect on Price to Book Value. Returrn on Assets had a positif and significant effect on Price to Book Value. Return on Assets did not act as a mediating variable in the relationship between Leverage and Price to Book Value, but in the Size and Price to Book Value relationship, the Return on Assets variable act as a mediating variable.