摘要：This study aims to examine the effect of capital structure and investment decisions on frm value with proftability as a moderating variable. Capital structure is measured by debt to equity ratio, investment decisions are measured by priceearnings ratio, proftability is measured by Return on Assets and frm value is measured by Tobin’s Q. Te analytical tool used is multiple linear regression analysis to test the direct effect between variables and the Moderated Regression Analysis is used to test the effect of moderating variables. Te sampling method uses the purposive sampling technique. Te research sample amounted to 18 LQ45 non-fnancial sector companies listed on the Indonesia Stock Exchange from 2013 to 2017. Te results of the study prove that capital structure, investment decisions, and proftability have a signifcant positive effect on frm value. Proftability is proven to be able to moderate the influence of capital structure and investment decisions on frm value. Te implications of this study indicate that proftability has an important role in realizing the dimensions of the company’s growth prospects that have an impact on increasing corporate value.
关键词：Capital Structure;Investment Decisions;Proftability;Firm Value
