Rifio Sovian Tumboimbela Effect of Working Capital Turnover and Der on Firm Value with Profitability as an Intervening Variable
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Indexed Research Publishing Company
Abstract
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This study aims to see the effect of working capital turnover and debt to equity ratio (DER) on firm value with profitability as the intervening variable. This value can be represented as company value. This study uses a quantitative method with path analysis using AMOS analysis tools. The total population is 26 companies with financial data for 5 years (2016 - 2020) with a total sample of 130 financial data. The results showed that there was no significant effect of working capital turnover on firm value, there was a significant effect of DER on firm value, there was a significant effect of profitability on firm value, profitability was able to intervene the effect of working capital turnover on firm value and profitability was not able to Intervening the effect of DER on firm value.
Keywords
Firm Value, Profitability, Working Capital Turnover, DER