Analysis of Liquidity, Firm Size, Profitability, Capital Structure and Firm Value of Oil and Gas Companies on the IDX

Abstract

Purpose - The Effect of Liquidity, Firm Size, and Profitability on Firm Value with
Capital Structure as an intervening variable in Oil and Gas Companies on the
Indonesia Stock Exchange

Design/Methodology/Approach – The research method used in this study is a
quantitative research approach. The analysis unit of this study is oil and gas
companies listed on the Indonesia Stock Exchange in 2017-2020, totaling 9
companies with purposive sampling techniques. The collected data was analyzed
using the Partial Least Square (PLS) approach, the software used was SmartPLS
3.3.
Findings – The results showed that, liquidity has a positive but not significant effect
on the value of the firm, the size of the firm has a negative but insignificant effect on
the value of the firm, profitability has a negative but not significant effect on the
value of the firm, liquidity has a positive but not significant effect on the capital
structure, the size of the firm has a positive but insignificant effect on the capital
structure, profitability has a positive and significant effect on the capital structure,
the capital structure has a positive and significant effect on the value of the firm, the
capital structure is unable to mediate the effect of liquidity on the value of the firm,
the capital structure is unable to mediate the influence of the size of the firm on the
value of the firm, the capital structure is able to mediate the influence of profitability
on the value of the firm. For subsequent researchers, it is recommended to use
different independent variables, it is also advisable to conduct research on
companies with more diverse characteristics. Thus, the results obtained can be
representative to be drawn conclusions by comparing each sector of companies
listed on the Indonesia Stock Exchange..