PENGARUH RASIO LIKUIDITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PASAR SAHAM DENGAN STRUKTUR MODAL SEBAGAI VARIABEL MODERASI (STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI PADA PERIODE 2021-2024)

This research examines at manufacturing companies listed on the “Indonesia Stock Ex-change” from 2021 to 2024 and how their stock market value is affected by factors including liquidity ratio and company size, with capital structure acting as a moderating variable. From a total of 180 observations, 45 companies were chosen using a purposive sampling method based on quantitative approach and secondary data extracted from their yearly financial statements. Data were analyzed using Moderated Regression Analysis (MRA) and multiple linear regression. The result indicate thah liquidity ratio has a positive and significant effect on stock market value, while firm size has on significant direct effect. Capital structure significantly moderates the rela-tionship between liquidity ratio and firm size with stock market value and acts as a quasi oderator.