The Effect of Asset Growth and Systematic Risk on Company Value with Profitability as an Intervening Variable

Aims: The company value is used by investors as an indicator of the company's assessment to provide investment decisions in the company. This study examines the effect of asset growth and systematic risk on company value with profitability as an intervening variable. This research will provide insight into company value and company management.

Study Design: This research is quantitative in the manufacturing sector listed on the IDX for 2020- 2023.

Methodology: The population in this study was 35 companies. The sample used was 140 observed data with sample takers using the purposive sampling method. The data analysis method used is multiple linear regression analysis.

Results: The results showed that asset growth has a significant positive effect on profitability and systematic risk has no impact on profitability. Profitability significantly affects company value, while asset growth and systematic risk do not affect company value. Profitability can mediate the effect of asset growth and systematic risk on company value.