The Effect of Profitability and Company Size on Company Value with Capital Structure as an Intervening Variable in Food And Beverages Manufacturing Companies for the 2016-2020 Period

This study was conducted to analyze the Effect of Profitability and Firm Size (Size) on Firm Value with Capital Structure as an Intervening Variable in Food & Beverages Manufacturing Companies for the 2016-2020 period. The technique used is the purposive sampling method and the number of samples used is 8 companies with a period of 2016-2020. The analytical tool used in this research is path analysis technique with the help of SmartPLS software version 3.0 for windows. This study uses secondary data, secondary data obtained from the Stock Exchange Gallery, Muhammadiyah University of Sidoarjo. The analytical method used is the Path Analysis method.The results of this study indicate that The results of this study indicate that (1) Profitability has a positive and significant effect on Capital Structure. (2) Company size has a negative and insignificant effect on Capital Structure. (3) Profitability has a positive and significant effect on Firm Value (4) Firm Size has a negative and insignificant effect on Firm Value (5) Firm Size has a positive and significant effect on Firm Value. (6) Profitability has a positive and significant effect on firm value through the capital structure intervening variable. (7) Firm size has a negative and insignificant effect on firm value through the capital structure intervening variable.