The Pengaruh Profitabilitas, Solvabilitas, dan Aktivitas terhadap Nilai Perusahaan dengan Ukuran Perusahaan Sebagai Variabel Moderasi Pada Perusahaan Makanan dan Minuman Yang Terdaftar di Bei Tahun 2017-2022.
DOI:
10.29303/alexandria.v5i1.582Published:
2024-04-30Issue:
Vol. 5 No. 1 (2024): AprilKeywords:
Profitability, Leverage, Activity, Firm Value, Company SizeArticles
Downloads
How to Cite
Metrics
Abstract
This research aims to analyze the effect of profitability, leverage and activity on company value with company size as a moderating variable. This research is a causal associative research with a quantitative approach. In this research, sample selection was carried out using a purposive sampling method which focused on food and beverage sub-sector companies listed on the Indonesia Stock Exchange during the 2017-2022 research period. By considering the established criteria, the sample was obtained from 28 companies from 46 companies so that the research data analyzed amounted to 168 observations. In this research, the panel data regression model is applied using the Fixed Effect Model (FEM) approach, while testing the moderating variables is carried out using Moderated Regression Analysis (MRA). The model data analysis utilizes the Eviews version 12 program. The research results show that profitability has a positive and significant effect on company value. Leverage has a positive and significant effect on company value, and activity has a positive and insignificant effect on company value. Company size is unable to moderate the influence of profitability, solvency and activity on company value
References
Anggriani, R., & Athar, H. S. (2017). Pengaruh Sifat Materialisme, Motivasi Hedonik Terhadap Impulsive Buying Dan Kecenderungan Compulsive Buying Secara Online Di Kalangan Mahasiswa Universitas Mataram. JMM UNRAM-Master of Management Journal, 6(2).
Brigham, E.F. & Houston, J.F. (2018). Dasar-Dasar Manajemen Keuanga, Edisi 14, Buku 2. Jakarta: Salemba Empat.
Burhanudin, B., & Nuraini, N. (2018). Pengaruh Struktur Modal Dan Profitabilitas Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Pemoderasi. Eco-Entrepreneurship.
Ely Siswanto, (2021). Manajemen Keuangan Dasar. Malang: Universitas Negeri Malang.
Ghozali, I. (2021). Aplikasi Program EVIEWS Edisi 12. Semarang: Badan Penerbit Universitas Diponegoro.
Indah, N. (2023). Peranan Ukuran Perusahaan Sebagai Faktor Moderasi Terhadap Nilai Perusahaan. MABIS, 14(1), 61-70.
Izzah, S. (2017). Pengaruh leverage dan profitabilitas terhadap nilai perusahaan dengan ukuran perusahaan sebagai variabel pemoderasi: Studi pada perusahaan yang terdaftar di Jakarta Islamic Index tahun 2012-2015. (Doctoral dissertation, Universitas Islam Negeri Maulana Malik Ibrahim).
J.Fred Weston dan E.Thomas Copeland, 2004, Manajemen Keuangan. Edisi Sembilan. Jakarta : Binarupa Aksara
Nur, T. (2019). Pengaruh Profitabilitas Dan Likuiditas Terhadap Nilai Perusahaan Dengan Ukuran Perusahaan Sebagai Variabel Pemoderasi. Jurnal Manajemen Bisnis, 22(1), 9.
Sofiani, L., & Siregar, E. M. (2022). Analisis Pengaruh ROA, CR dan DAR Terhadap Nilai Perusahaan Sektor Makanan dan Minuman. Jurnal Ilmiah Akuntansi Kesatuan, 10(1), 9-16.
Sugiyono. (2016). Metode Penelitian Bisnis. Bandung: CV Alfabeta.
Ulfah, M. (2020). Pengaruh Current Ratio (CR), Total Asset Turnover (TATO), Pertumbuhan Perusahaan, Kebijakan Dividen, dan Ukuran Perusahaan (Size) Terhadap Nilai Perusahaan. J-MABISYA, 1(1), 87-110.
Wasista, I. P. P., & Putra, I. N. W. A. (2019). Pengaruh Profitabilitas dan Ukuran Perusahaan Pada Nilai Perusahaan Dengan Good Corporate Governance Sebagai Variabel Pemoderasi. E-jurnal akuntansi, 29(3), 928.
Wilujeng, D. P., Santoso, B., & Burhanudin, B. (2023). Pengaruh Return On Asset, Beta, Dividend Payout Ratio Dan Total Asset Turn Over Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2015-2020. Jmm Unram-Master Of Management Journal, 12(2), 165-176.
Author Biographies
Niken Rara Wulandari, Manajemen Universitas Mataram
Laila Wardani, University of Mataram
License
Copyright (c) 2024 Niken Rara Wulandari, Laila Wardani
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with ALEXANDRIA (Journal of Economics, Business, Tourism, and Entrepreneurship), agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution 4.0 International License. This license allows authors to use all articles, data sets, graphics and appendices in data mining applications, search engines, web sites, blogs, and other platforms by providing an appropriate reference. The journal allows the author(s) to hold the copyright without restrictions and will retain publishing rights without restrictions.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in ALEXANDRIA (Journal of Economics, Tourism, Hospitality, and Entrepreneurship).
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).