Pengaruh Profitabilitas dan Struktur Modal terhadap Nilai Perusahaan dengan Good Corporate Governance sebagai Variabel Moderasi pada Jakarta Islamic Index
Total View This Week0
Total View This Week0
Institusion
Sekolah Tinggi Ilmu Ekonomi Perbanas Surabaya
Author
Wiandra, Erika Renka
Subject
332 - FINANCIAL ECONOMICS
Datestamp
2023-06-15 07:31:08
Abstract :
The purpose of this research was to analyze the effect of Profitability and Capital Structure on Firm Value and examine the effect of Good Corporate Governance in moderating the relationship between Profitability and Capital Structure with Firm Value in Jakarta Islamic Index. This research is a quantitative research using secondary data. The population of this research are 30 companies that llisted on Jakarta Islamic Index for a periode of 5 years, namely 2017-2021. The sampling technique used purposive sampling and found 11 companies that met the criteria as research samples. The data analysis technique used Multiple Regression Analysis and Moderated Regression Analysis (MRA). Data processing in this research using SPSS 25.0. The result of this research indicate that Profitability and Capital Structure simultaneously have a significant effect on Firm Value (PBV), then Profitability as measured by Return on Equity (ROE) partially has a significant positive effect on Firm Value (PBV), while Capital Structure as measured by Debt to Equity Ratio (DER) has a significant negative effect on Firm Value (PBV), meanwhile Good Corporate Governance as moderating variable proxied by the number of Directors is able to moderate the relationship between Profitability and Firm Value (PBV) in a positive direction, however, Good Corporate Governance can?t moderate the relationship between Capital Structure and Firm Value (PBV). Keywoard: Firm Value, Profitability, Capital Structure, Good Corporate Governance, Jakarta Islamic Index.
The purpose of this research was to analyze the effect of Profitability and Capital Structure on Firm Value and examine the effect of Good Corporate Governance in moderating the relationship between Profitability and Capital Structure with Firm Value in Jakarta Islamic Index. This research is a quantitative research using secondary data. The population of this research are 30 companies that llisted on Jakarta Islamic Index for a periode of 5 years, namely 2017-2021. The sampling technique used purposive sampling and found 11 companies that met the criteria as research samples. The data analysis technique used Multiple Regression Analysis and Moderated Regression Analysis (MRA). Data processing in this research using SPSS 25.0. The result of this research indicate that Profitability and Capital Structure simultaneously have a significant effect on Firm Value (PBV), then Profitability as measured by Return on Equity (ROE) partially has a significant positive effect on Firm Value (PBV), while Capital Structure as measured by Debt to Equity Ratio (DER) has a significant negative effect on Firm Value (PBV), meanwhile Good Corporate Governance as moderating variable proxied by the number of Directors is able to moderate the relationship between Profitability and Firm Value (PBV) in a positive direction, however, Good Corporate Governance can?t moderate the relationship between Capital Structure and Firm Value (PBV). Keywoard: Firm Value, Profitability, Capital Structure, Good Corporate Governance, Jakarta Islamic Index.
Download
book
BibTex
Latex, Jabref
cloud_download
Original Resource
url resource Institution
