Pengaruh Rasio Profitabilitas dan Likuiditas terhadap Nilai Perusahaan dengan Struktur Modal Sebagai Variabel Moderasi
DOI:
https://doi.org/10.31941/jebi.v28i1.5861Abstract
This study aims to analyze the effect of profitability and liquidity ratios on company value with capital structure as a moderating variable. The research method used is a quantitative approach of 13 companies in the food and beverage sector listed on the Indonesia Stock Exchange during the period from 2021 to 2023, while data analysis techniques use Partial Least Square (PLS) approach assisted by Smart-PLS 3.0 software. The results of the study indicate that Return on Assets (RoA) has a positive but insignificant effect on PBV. Similarly, the Current Ratio (CR) and Debt to Equity Ratio (DER) each show a negative effect on PBV, but also have no significant impact. Furthermore, DER as a moderating variable does not strengthen or weaken the relationship between profitability and liquidity ratios and PBV. Overall, these findings suggest that these financial ratios do not significantly affect the company value in the food and beverage sector, and the market is more influenced by other external factors in assessing company value. These results imply that financial ratio information alone is not enough to signal investors in making investment decisions that significantly impact company value in this sector.
Downloads
Published
Issue
Section
License
Authors who publish with JEBI: Jurnal Ekonomi dan Bisnis agree to the following terms:
- Authors retain copyright and grant the JEBI: Jurnal Ekonomi dan Bisnis right of first publication with the work simultaneously licensed under Creative Commons Attribution License (CC BY 4.0) that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors can enter into separate, additional contractual arrangements for the non-exclusive distribution of the published version of the work (e.g., post it to an institutional repository or edit it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
