Capital Structure on Company Value with Profitability as a Mediation Variable in Consumer Goods Sector Companies Listed on the Indonesia Stock Exchange

Edtri Sintiara () and Rosyeni Rasyid
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Edtri Sintiara: Universitas Negeri Padang
Rosyeni Rasyid: Universitas Negeri Padang

A chapter in Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-10 2022), 2025, pp 823-842 from Springer

Abstract: Abstract This study sets out to analyze how different capital structures affect the value of consumer goods companies listed on the Indonesia Stock Exchange, with profitability serving as a moderator. Companies producing consumer goods and trading on the Indonesia Stock Exchange are included in the population. We utilized a sampling strategy designed to get us the data we required. 175 samples were collected from 35 different companies over the course of 5 years. Path analysis is utilized for this data analysis technique. The results showed that the capital structure (LTDER) has a positive and statistically significant impact on the value of a company. Companies are worth more if they are profitable. Capital structure has a notable and favorable effect on investment return (DAR). Company value is affected by the structural capital variable (DAR) through the medium of profitability.

Keywords: capital structure; profitability; and company value (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-839-4_69

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DOI: 10.2991/978-94-6463-839-4_69

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