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All Journal Majapahit Journal of Islamic Finance dan Management Majapahit Journal of Islamic Finance dan Management
Reza Ananda Setya
Universitas Negeri Surabaya, Surabaya, Indonesia
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Operational Effectiveness and Leverage on Profitability: The Moderating Role of Sales Growth in ASEAN Technology Companies Reza Ananda Setya; Loggar Bhilawa
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.978

Abstract

The main objective of the research is to analyze how operational efficiency and leverage affect profitability with ASEAN technology companies in 2024, using sales growth as a moderating variable. This study utilizes secondary data, covering all technology companies in ASEAN listed in the Osiris database in 2024. The sample was determined using specific criteria, resulting in 87 samples from a population of 288. The research methodology employs a quantitative approach through statistical analysis using Moderated Regression Analysis (MRA). The findings of the study show that operational effectiveness has a positive impact on profitability, while leverage has an effect on profitability. Furthermore, sales growth does not moderate the effect of operational effectiveness and leverage on profitability. These findings identify that in increasing profitability, technology companies rely more on internal funding. Therefore, the more effectively a company utilizes its resources in carrying out operational activities, the greates its level of profitability will be.
Operational Effectiveness and Leverage on Profitability: The Moderating Role of Sales Growth in ASEAN Technology Companies Reza Ananda Setya; Loggar Bhilawa
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.978

Abstract

The main objective of the research is to analyze how operational efficiency and leverage affect profitability with ASEAN technology companies in 2024, using sales growth as a moderating variable. This study utilizes secondary data, covering all technology companies in ASEAN listed in the Osiris database in 2024. The sample was determined using specific criteria, resulting in 87 samples from a population of 288. The research methodology employs a quantitative approach through statistical analysis using Moderated Regression Analysis (MRA). The findings of the study show that operational effectiveness has a positive impact on profitability, while leverage has an effect on profitability. Furthermore, sales growth does not moderate the effect of operational effectiveness and leverage on profitability. These findings identify that in increasing profitability, technology companies rely more on internal funding. Therefore, the more effectively a company utilizes its resources in carrying out operational activities, the greates its level of profitability will be.
Co-Authors Loggar Bhilawa