An Increase in Company Value is Determined by Sales Growth, Capital Structure, and Company Size, with Profitability as a Mediating Variable

DOI

10.2991/978-2-38476-366-5_21How to use a DOI?

Keywords

Sales Growth; Debt Equity Ratio; LN Size; Return on Asset; Tobins’q

Abstract

This study analyzed the effect of sales growth, capital structure, and company size on Company Value through profitability as a mediating variable (Case Study on Food and Beverage Companies listed on the Indonesia Stock Exchange 2020-2023). This study hypothesizes that sales growth, capital structure, company size, and profitability significantly affect Company Value.

This study used 55 companies as samples, obtained using purposive sampling techniques with certain considerations. Data analysis in this study uses SmartPLS, which includes second-order confirmatory factor analysis, convergent validity, discriminant validity, composite reliability, R 2 , Q 2 , F 2 , and hypothesis testing. The results showed that sales growth has a significant positive effect on profitability. Capital structure does not affect profitability. Company size has a significant positive impact on profitability. Sales growth does not affect Company Value. Capital structure has a significant positive effect on Company Value. Company Size has a significant positive impact on Company Value. Profitability has a significant positive effect on Company Value. Sales growth has a significant positive impact on Company Value through profitability. Capital structure does not affect Company Value through profitability. Company Size has a significant positive effect on Company Value through profitability.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Hanna Yuliyani
AU  - Mutiara Nurhalisa
AU  - Adhi Widyakto
AU  - Oktavie Fresiliasari
AU  - Yohanes Suhardjo
PY  - 2025
DA  - 2025/02/28
TI  - An Increase in Company Value is Determined by Sales Growth, Capital Structure, and Company Size, with Profitability as a Mediating Variable
BT  - Proceedings of the 1st International Conference on Social Environment Diversity (ICOSEND 2024)
PB  - Atlantis Press
SP  - 225
EP  - 233
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-366-5_21
DO  - 10.2991/978-2-38476-366-5_21
ID  - Yuliyani2025
ER  -