Pengaruh Ukuran Perusahaan, Rasio Aktivitas, Kinerja Profitabilitas Terhadap Nilai Perusahaan Dengan Variabel Intervening Financial Distress

Abstract

The purpose of this study to determine whether the size of the company, the ratio of activity, and profitability performance affect the value of the company through the mediation of financial distress. The design of this study is explanatory research with quantitative approach. The subjects of research mining company Coal subsector IDX. This type of data is secondary data from IDX's annual and financial reports in 2018-2020. Using purposive sampling method for sampling. Of the 26 populations, obtained the number of samples as many as 10 coal subsector companies, obtained 30 company data. Data analysis using descriptive statistics and Structural Equation Modeling (SEM-PLS) with SmartPLS tool version 3.2.9. The results showed that profitability performance has a significant positive effect on the value of the company, company size significantly negative effect on company value, while the ratio of activity and financial distress does not affect the value of the company. Profitability performance has a significant negative effect on financial distress and the other two variables have no effect. Financial distress proved unable to mediate the influence of company size, activity ratio, and profitability performance against the value of the company because it does not meet the criteria of significance.