Revealing the Role of Profitability in Mediating Leverage, Liquidity, and Company Size on Firm Value in Health Sector

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Quantitative analysis shows company size significantly impacts firm value, suggesting profitability can mediate liquidity effects.

Company size has a positive and significant effect on firm value, while liquidity and leverage do not.
Profitability positively impacts firm value and mediates the relationship between liquidity and firm value.
Research involved 22 healthcare companies in Indonesia from 2020 to 2023, using path analysis.
Findings indicate that while profitability helps with liquidity, it does not mediate leverage or company size effects.

Adisty et al. (2024) studied this question.

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