Analysis of the Effect of Profitability, Company Size and Growth Opportunity toward Firm Value with Capital Structure as Intervening Variable in Consumer Goods Companies Listed on Indonesia Stock Exchange period 2018-2020

Abstract

This research was conducted to analyze whether profitability, company size and growth opportunity influence firm value with capital structure as an intervening variable toward consumer goods companies listed on Indonesia Stock Exchange period 2018-2020.This research selects 30 consumer goods companies listed on Indonesia Stock Exchange periode 2018 to 2020 as research objects using purposive sampling method. The results show that Profitability and Firm Size have a positive and significant effect on Capital Structure, while Growth Opportunity have no significant effect on Capital Structure. Profitability and Capital Structure have positive significant effect on firm value, while firm size and growth opportunity have no significant effect on firm value. Capital Structure cannot be intervening variable toward the effect of Profitability, Company Size and Growth Opportunity on Firm value.