Pengaruh Profitabilitas dan Leverage terhadap Nilai Perusahaan dengan Ukuran Perusahaan sebagai Variabel Moderasi

Nabila Rahmania, Ahmad Turmudi, Irma Istiariani

Abstract

Currently, technology companies are required to maintain competitive firm value amid complex market dynamics. However, high profitability and the use of leverage do not necessarily guarantee a consistent increase in firm value. This study aims to examine the influence of profitability and leverage on firm value, as well as to evaluate the role of firm size as a moderating variable in technology sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. This research employs a quantitative approach using multiple linear regression analysis and Moderated Regression Analysis (MRA). The data were obtained from the annual financial statements of technology companies. A purposive sampling technique was used to determine the number of research samples. Testing procedures were carried out using classical assumption tests, descriptive statistical tests, t-tests, F-tests, and the coefficient of determination to measure the strength of the relationships among variables. The results indicate that profitability has a positive and significant effect on firm value, leverage has a positive and significant effect on firm value, and firm size is able to moderate both effects on firm value.

Keywords

Firm Value; Profitability; Leverage; Firm Size

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References

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