标题：THE ROLE OF PROFITABILITY IN MEDIATING EFFECT OF LIQUIDITY, CAPITAL STRUCTURE, AND SALES GROWTH ON CORPORATE VALUE IN MANUFACTURING COMPANIES OF INDONESIA STOCK EXCHANGE
期刊名称：Russian Journal of Agricultural and Socio-Economic Sciences
印刷版ISSN：2226-1184
电子版ISSN：2226-1184
出版年度：2019
卷号：95
期号：11
页码：93-103
DOI：10.18551/rjoas.2019-11.12
语种：English
出版社：Russian Journal of Agricultural and Socio-Economic Sciences
摘要：Company performance is one of the important factors to increase company value. Investor may invest easily if the value of the company increases. The key to increase company value are seen from various factors, ranging from liquidity, capital structure, and sales growth. The population of this study is manufacturing companies listed on the Stock Exchange for the period 2015-2017. The sample used in this study amounted to 109 companies using purposive sampling method. This study uses Path Analysis techniques and Sobel Test.The results of this study shows that liquidity and sales growth have no impact to firm value. Capital structure has negative and significant effect on company value. Profitability has a positive effect on company value. The result of the sobel test in this study revealed that profitability able to mediate capital structure, but, different result that profitability still cannot mediate the liquidity and growth sales of the company.
