Authors : Siji Jati Sindhuarta; Dr. Sri Marti Pramudena.

Volume/Issue : Volume 8 - 2023, Issue 8 - August

Google Scholar : https://bit.ly/3TmGbDi

Scribd : https://tinyurl.com/yc2xt5nj

DOI : https://doi.org/10.5281/zenodo.8320635

Abstract : The paper aims to investigate the role of liquidity Ratio, Profitability, and Company Size on Coal Company Value by using Capital Structure as an intervening factor during the 2017-2022 period. The population of this study are coal mining sub-sector companies listed on the Indonesia Stock Exchange during the 2017-2022 period. A total of 8 national coal companies were selected based on criteria using a purposive sample technique. The findings indicated that Size, Profitability, and Liquidity all had a detrimental impact on Capital Structure. The second finding is that Profitability and Capital Structure have a favourable impact on firm value whereas Liquidity and Size have a negative impact. In the coal sub-sector companies listed on the IDX in 2017–2022, the factors of liquidity, profitability, and size have an overall influence on company value through capital structure as an intervening variable.

Keywords : Liquidity Ratio; Profitability; Company Size; Company Value.