The Effect Growth Opportunity, Liquiditys, Institutional Ownership and the Covid Pandemic on Firm Value with Capital Structure as a Moderating Variable

Firm value is a description of a company's performance that can influence investors' assessment of a company. The higher the company value indicates the prosperity of the shareholders. The purpose of this study is to examine the effect growth opportunity, liquidity, institutional ownership, and pandemic on firm value with capital structure as a moderating variable. The research sample is a Trade and Investment Service company in the Tourism, Restaurant and Hotel sub-sector which is listed on the Indonesia Stock Exchange for the 2017-2021 period. Sampling in this study using the method purposive sampling. The number of samples is 24 companies per year with the amount of data studied is 116. The analysis technique in this study uses multiple linear regression analysis. The results of this study indicate that institutional ownership and capital structure affect firm value, meanwhile growth opportunity, liquidity, the pandemic has no effect on firm value, and capital structure does not moderate the effect growth opportunity, liquidity, institutional ownership, and pandemics on firm value