Impact of Capital Structure on Firm Value with Profitability as Mediator: Indonesian Coal Companies Study
Singgih Widigdya,
Akhmadi Akhmadi,
Wawan Ichwanudin
Abstract:Over the past six years, global economic volatility shaped by geopolitical complexities has significantly impacted the coal sector, marked by fluctuating prices influenced by events such as the Ukraine crisis and the COVID-19 pandemic. This study focuses on Indonesian coal companies, examining the relationship between capital structure (DER), firm performance (ROA), and firm value (PBV). Through empirical analysis of 15 listed companies from 2018 to 2023, utilizing Hayes' Process Macro Model 4, the research fi… Show more
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