THE EFFECT OF PROFITABILITY AND LEVERAGE ON FIRM VALUE WITH INSTITUTIONAL OWNERSHIP AS A MODERATING VARIABLE IN CONSUMER NON-CYCLICAL FIRMS

Penulis

  • Kholid Ubaedillah Swadaya Gunung Jati University, Indonesia
  • Erwin Budianto Swadaya Gunung Jati University, Indonesia
  • Agustina Budianto Swadaya Gunung Jati University, Indonesia

DOI:

https://doi.org/10.29040/ijebar.v10i2.19865

Abstrak

Studi ini bertujuan untuk mengukur dampak profitabilitas dan leverage terhadap nilai perusahaan, dengan kepemilikan institusional berperan sebagai variabel moderator. Berfokus pada perusahaan di sektor Barang Konsumen Non-Siklikal yang terdaftar di Bursa Efek Indonesia dari tahun 2022 hingga 2024, studi ini menggunakan pendekatan kuantitatif asosiatif dan data keuangan sekunder. Melalui purposive sampling, studi ini menganalisis 36 observasi firm-year menggunakan SPSS 25 melalui regresi linier berganda dan analisis regresi moderasi. Temuan empiris menunjukkan bahwa profitabilitas (ROA) berpengaruh positif dan signifikan terhadap nilai perusahaan (Tobin’s Q). Demikian pula, leverage (DER) memberikan pengaruh positif dan signifikan terhadap nilai perusahaan dalam model dasar. Analisis moderasi mengungkapkan bahwa kepemilikan institusional memperkuat hubungan antara profitabilitas dan nilai perusahaan, tetapi tidak memoderasi secara signifikan pengaruh leverage. Keunikan studi ini terletak pada fokusnya terhadap sektor Barang Konsumen Non-Siklikal di tengah perubahan ekonomi terkini. Hasil ini menyarankan agar penelitian mendatang memasukkan indikator tata kelola perusahaan tambahan dan perbandingan lintas industri untuk lebih baik mengidentifikasi pendorong nilai perusahaan.

Unduhan

Diterbitkan

2026-05-30

Cara Mengutip

Ubaedillah, K., Budianto, E., & Budianto, A. (2026). THE EFFECT OF PROFITABILITY AND LEVERAGE ON FIRM VALUE WITH INSTITUTIONAL OWNERSHIP AS A MODERATING VARIABLE IN CONSUMER NON-CYCLICAL FIRMS. International Journal of Economics, Business and Accounting Research (IJEBAR), 10(2). https://doi.org/10.29040/ijebar.v10i2.19865

Terbitan

Vol 10 No 2 (2026): IJEBAR: Vol. 10, Issue 2, June 2026

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