Pengaruh Risiko Financial Distress dan Profitabilitas Terhadap Nilai Perusahaan Melalui Earnings Per Share (EPS) Sebagai Variabel Mediasi Dengan Pendekatan Price to Earnings Ratio Pada Emiten Sektor Infrastruktur di BEI 2022–2024
Keywords:
Financial Distress, Profitabilitas, Earnings Per Share, EPS, Nilai Perusahaan, Price to Earnings Ratio, PERAbstract
Penelitian ini bertujuan menganalisis pengaruh langsung maupun tidak langsung antarvariabel melalui earnings per share (EPS) sebagai variabel mediasi terhadap nilai perusahaan yang diproksikan dengan price to earnings ratio (PER). Penelitian ini menggunakan metode kuantitatif dan teknik purposive sampling dengan sampel 50 emiten. Analisis data menggunakan Structural Equation Modeling berbasis Partial Least Square (PLS-SEM) melalui SmartPLS 4.0. Hasil penelitian menunjukkan bahwa financial distress berpengaruh negatif, tetapi tidak signifikan terhadap nilai perusahaan. Profitabilitas berpengaruh positif dan signifikan terhadap nilai perusahaan. Financial distress berpengaruh negatif dan signifikan terhadap EPS. Profitabilitas berpengaruh positif dan signifikan terhadap EPS. EPS berpengaruh negatif dan signifikan terhadap nilai perusahaan. Selain itu, EPS memediasi pengaruh financial distress dan profitabilitas terhadap nilai perusahaan dengan pola mediasi tidak konsisten (inconsistent mediation).
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