ThesisOpen AccessMetadata saja
2026•Skripsi, Thesis, Disertasi, dan Tugas Akhir
Penelitian ini bertujuan untuk menganalisis pengaruh pengungkapan ESG dan GCG terhadap nilai perusahaan dengan profitabilitas sebagai variabel mediasi pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2020-2024. Dari total populasi sebanyak 473 perusahaan, diperoleh 58 perusahaan yang memenuhi kriteria sampel melalui teknik purposive sampling sehingga menghasilkan 290 data pengamatan. Analisis data menggunakan SEM-PLS dengan pendekatan kuantitatif. Hasil penelitian menunjukkan bahwa pengungkapan ESG berpengaruh signifikan terhadap profitabilitas, namun tidak berpengaruh signifikan terhadap nilai perusahaan. Sementara itu, GCG berpengaruh signifikan terhadap profitabilitas dan nilai perusahaan. Selain itu, profitabilitas berpengaruh signifikan terhadap nilai perusahaan. Berdasarkan hasil pengujian mediasi, profitabilitas tidak mampu memediasi pengaruh pengungkapan ESG terhadap nilai perusahaan, tetapi mampu memediasi pengaruh GCG terhadap nilai suatu perusahaan.
ThesisOpen AccessMetadata saja
2026•Skripsi, Thesis, Disertasi, dan Tugas Akhir
PENGARUH STRUKTUR MODAL DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL MODERASI (Studi Pada Perusahaan Sektor Energi yang Terdaftar di Bursa Efek Indonesia Periode 2020-2024) ABSTRAK Penelitian ini bertujuan untuk menganalisis pengaruh struktur modal dan profitabilitas terhadap nilai perusahaan dengan kebijakan dividen sebagai variabel moderasi pada perusahaan sektor energi yang terdaftar di Bursa Efek Indonesia (BEI) periode 2020–2024. Struktur modal diproksikan dengan Debt to Equity Ratio, profitabilitas dengan Return on Equity, nilai perusahaan dengan Price to Book Value, dan kebijakan dividen dengan Dividend Payout Ratio. Penelitian ini menggunakan pendekatan kuantitatif dengan data panel yang diperoleh dari laporan keuangan tahunan perusahaan sektor energi. Metode analisis yang digunakan adalah regresi data panel dan Moderated Regression Analysis untuk menguji pengaruh langsung serta peran variabel moderasi. Hasil penelitian menunjukkan bahwa struktur modal berpengaruh positif dan signifikan terhadap nilai perusahaan, sedangkan profitabilitas tidak berpengaruh signifikan terhadap nilai perusahaan. Selain itu, kebijakan dividen terbukti tidak mampu memoderasi hubungan antara struktur modal dan nilai perusahaan, serta tidak mampu memoderasi hubungan antara profitabilitas dan nilai perusahaan. Temuan ini mengindikasikan bahwa kebijakan dividen belum berperan sebagai faktor yang memperkuat hubungan antara kinerja keuangan dan nilai perusahaan pada sektor energi. Penelitian ini diharapkan dapat memberikan kontribusi empiris dalam pengembangan kajian manajemen keuangan serta menjadi bahan pertimbangan bagi manajemen perusahaan dan investor dalam pengambilan keputusan keuangan. THE EFFECT OF CAPITAL STRUCTURE AND PROFITABILITY ON FIRM VALUE WITH DIVIDEND POLICY AS A MODERATING VARIABLE (A Study of Energy Sector Companies Listed on the Indonesia Stock Exchange, 2020–2024) Abstract This study aims to analyse the influence of capital structure and profitability on firm value, with dividend policy serving as a moderating variable, for energy sector companies listed on the Indonesia Stock Exchange (IDX) during the period 2020–2024. Capital structure is proxied by the Debt-to-Equity Ratio (DER), profitability by Return on Equity (ROE), firm value by Price-to-Book Value (PBV), and dividend policy by Dividend Payout Ratio (DPR). The study adopts a quantitative approach using panel data obtained from annual financial reports of energy sector companies. Data analysis is conducted through panel regression and Moderated Regression Analysis (MRA) to assess the direct effects and the moderating role of dividend policy. The findings reveal that capital structure positively and significantly affects firm value, whereas profitability does not. Furthermore, dividend policy does not moderate the relationship between capital structure and firm value, nor does it moderate the relationship between profitability and firm value. These results suggest that dividend policy has not yet been a factor strengthening the relationship between financial performance and firm value in the energy sector. This research empirically contributes to the financial management literature and offers practical insights for corporate management and investors to make informed financial decisions.
ThesisOpen AccessMetadata saja
2022•
The objective of the research was to reveal the role of corporate social responsibility (CSR) in moderating the effect of profitability proxied by return on asset (ROA) and return on equity (ROE) to the corporate value among the companies listed in indonesian stock exchange in the period of 2017 - 2021. the samples were taken by using purposive sampling. the toal samples were 30 companies and it gained 150 data observation. the analysis applied was moderation regression analysis, by using a software of SPSS v25. based on the analysis, the profitability proxied by ROA and ROE has a positive and significant effect on the corporates' value. CSR could not moderate the profitability effect proxied by ROA and ROE. the result of the research entirely support the signal theory on explanation of the profitability effect on the corporate value.
ThesisOpen AccessMetadata saja
2021•Skripsi, Thesis, Disertasi, dan Tugas Akhir
this research aimed to figure out the role of corporate social responsibility in medition and the influence of company characteristic on company value of those listed on the Indonesia Stock Exchange in the period 0f 2015-2019. The samples were collected using a purposive sampling technique. Thus, 25 companies were selected and 125 observations were collected. This research used the classical assumption test and mediation regression test with SPSS Version 26 application. The research results show that profitability positively and significantly influenced company value, company size positively and significantly influenced company value, CSR did not influence company value, profitability did not influence company value. Social responsibility and company size did not influence Corporate Social Responsibility. Corporate Social Responsibility did not mediate the influence of profitability on company value, Corporate Social Responsibility did not mediate the influence of company size on company value. This research implied that the strategy to increase the company value was by increasing the company profitability and company size as well as the implementation of CSR.
ThesisOpen AccessMetadata saja
2021•Skripsi, Thesis, Disertasi, dan Tugas Akhir
This study aimed to examine the factors which influenced dividend policy in State-Owned Enterprises (SOEs). The sampling technique used in this study was purposive sampling, while the data were analyzed using multiple linear regression. The data source was taken from State-Owned Enterprises as member of LQ45 Index of the indonesia Stock Exchange during 2013-2019 period as the secondary data. The results showed that variables such as Financial Leverage (DER) and Institutional Ownership (INST) as well as Liquidity (CR) had a positive and insignificant effect on dividend policy (DPR), while Asset Growth (AS) and Profitabilitiy (ROA) had a negative and significant effect on dividend policy (DPR).
ThesisOpen AccessMetadata saja
2021•Skripsi, Thesis, Disertasi, dan Tugas Akhir
This study aims to determine the effect of environmental performance, managerial ownership and profitability on the value of mining companies listed on the Indonesia Stock Exchange. The data used are annual reports and financial reports of mining companies listed on the Indonesia Stock Exchange 2015-2019, and following PROPER at the Ministry of Environment. The sample selection used a purposive sampling technique which resulted in a sample of 18 companies, so that the data obtained were 90 observations (18 companies x 5 years). This study uses multiple regression analysis techniques with the SPSS version 22 application. The results of this study indicate that environmental performance has a negative effect on firm value, managerial ownership has no effect on firm value and profitability has a positive effect on firm value. The overall findings of this study support the signal theory. Companies that have increased performance can be a positive signal and become a strategy in an effort to increase corporate value.
ThesisOpen AccessMetadata saja
2021•Skripsi, Thesis, Disertasi, dan Tugas Akhir
The study aimed to determine the effect of company size, leverage, CSR and profitability in companies listed on the Indonesia Stock Exchange for the period 2015-2019. The sample were selected selected using purposive sampling technique. Based on the sample criteria a total of 29 companies were involved to obtain data of 145 observations (29x5). The results of analysis using WarpPLS 6.0 showed that firm size had a significant negative effect on profitability, leverage had a significant negative effect on profitability, and CSR had a significant negative effect on profitability. This research is expected to provide benefits in development studies for financial management related to the influence of company size, leverage, and CSR in increasing profitability, and can be used as a guideline or reference by companies in an effort to increase profitability.
