Stock Price as an Intervening Variable That Influencing Solvency, Inflation, and Financial Distress on Firm Value

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Path analysis reveals stock prices mediate solvency and financial distress effects on firm value, highlighting direct influences without inflation.

Stock prices do not mediate the impacts of solvency and financial distress on firm value, indicating a direct effect.
Financial distress and solvency showed significant influences on stock prices, while inflation did not impact either stock prices or firm value.
Path analysis using SmartPLS software assessed data from 30 manufacturing companies on the Indonesian Stock Exchange.
The results suggest a complex interaction among these financial factors that may require deeper exploration in future studies.

Sutisman et al. (2025) studied this question.

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Path analysis reveals stock prices mediate solvency and financial distress effects on firm value, highlighting direct influences without inflation.