The Influence of Profitability, Capital Structure and Intellectual Capital on Company Value with Good Corporate Governance as Moderation (Case Study on Construction Sector Companies Listed on the IDX in 2019-2023)

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Regression analysis shows capital structure negatively influences company value in construction sector firms, indicating GCG's role is complex.

Capital structure has a negative and significant effect on company value, highlighting the risks of high debt levels.
Profitability and intellectual capital show positive influences but remain statistically insignificant, suggesting other factors may be at play.
Good corporate governance does not enhance profitability's impact on company value, though it may mitigate capital structure's negative effects.
Effective debt management and GCG implementation are essential for enhancing company value in the construction industry.

Mutia et al. (2025) studied this question.

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Regression analysis shows capital structure negatively influences company value in construction sector firms, indicating GCG's role is complex.