PENGARUH RETURN ON ASSET DAN UKURAN PERUSAHAN TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL MEDIASI (STUDI EMPIRIS PERUSAHAAN MANUFAKTUR SUB SEKTOR KIMIA YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2019-2023)

Abstract

This research was conducted with the aim of determining the effect of return on assets and Firm size on company value with capital structure as a mediating variable. This research was conducted on chemical sub-sector companies listed on the Indonesian Stock Exchange for the 2019-2023 period. This type of research uses secondary data in the form of financial reports. The population in the study was 12. The number of samples used was 8 companies using a purposive sampling technique. Data analysis used the SPSS version 26 program with the analysis method, namely Path Analysis, which is a development of multiple linear regression analysis.  The research results show that Return on Assets has no effect on capital structure, Firm size has an effect on capital structure, Return On assets has an effect on company value, Firm size has an effect on company value, Capital structure has no effect on company value, Capital structure is unable to mediate the effect of Return on assets and firm size on company value.

Keyword: Return on Assets, Firm Size, Capital Structure, and Company Value