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THE EFFECT OF CAPITAL STRUCTURE AND OWNERSHIP STRUCTURE ON FIRM VALUE COAL MINING COMPANIES IN INDONESIA: FINANCIAL PERFORMANCE AS A MEDIATING VARIABLE

Abstract

This study aims to examine the influence of capital structure, operating cycle, investment opportunity set, and earning management on the quality of profits carried out in manufacturing companies in the food and beverage subsector in 2018-2022. This type of research is descriptive with a quantitative approach using secondary data. The data collection technique is documentation through the IDX website and a sample of 35 companies and a sample of 25 companies. Purposive sampling technique. The data analysis used was multiple linear regression analysis. The results of the study prove that capital structure, investment opportunity set, and earning management have a negative effect on the quality of profits. Meanwhile, the operating cycle has a positive effect on the quality of profits.