@article{jme, author = {Anggi Yanti and Triska Pramitasari and Lita Sari}, title = { PENGARUH MODAL KERJA, LIKUIDITAS DAN LEVERAGE TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERATING PADA PERUSAHAAN SUB SEKTOR ENERGI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2019-2023}, journal = {Jurnal Mahasiswa Entrepreneurship (JME)}, volume = {3}, number = {1}, year = {2024}, keywords = {}, abstract = {This study aims to determine the effect of working capital, liquidity, and leverage on firm value with profitability as a moderating variable in energy sub-sector companies listed on the IDX for the 2019-2023 period. The sample used in this study is 6 energy sub-sector companies listed on the Indonesia Stock Exchange during the 5 years with sampling using a purposive sampling technique. Data analysis and hypothesis testing in this study used the Structural Equation Model - Partial Least Square (PLS-SEM). The results of direct influence hypothesis testing using the Smart PLS 3.0 application show that working capital has a positive but insignificant effect on firm value, liquidity has a negative but significant effect on firm value, leverage has a negative but significant effect on firm value, profitability positively and insignificantly moderates the effect of liquidity on firm value.}, issn = {2964-898X}, pages = {176--186}, doi = {10.36841/jme.v3i1.4785}, url = {https://unars.ac.id/ojs/index.php/jme/article/view/4785} }