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Pengaruh Pertumbuhan Perusahaan dan Free Cash Flow terhadap Nilai Perusahaan dengan Ios sebagai Moderasi Bramanto Edy Prasetya; Sailendra Sailendra; Endang Etty Merawati
Journal Economic Excellence Ibnu Sina Vol. 4 No. 3 (2026): September: Journal Economic Excellence Ibnu Sina
Publisher : STIKes Ibnu Sina Ajibarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59841/excellence.v4i3.3950

Abstract

The title of this research is “The Influence of Company Growth and Free Cash Flow on Firm Value with IOS as a Moderating Variable.” This study employed a quantitative method using descriptive statistical analysis techniques, classical assumption tests, coefficient of determination tests, partial hypothesis tests (t-test), simultaneous tests (F-test), and moderation tests (Moderated Regression Analysis/MRA). The data used were secondary data in the form of company financial statements obtained from the Indonesia Stock Exchange (IDX). The sampling technique used purposive sampling, resulting in 10 companies with a total of 60 observation data points.  The results of the study indicate that company growth has a positive and significant effect on firm value. Free Cash Flow does not have a significant effect on firm value. Investment Opportunity Set (IOS) has a positive and significant effect on firm value. Simultaneously, company growth, Free Cash Flow, and Investment Opportunity Set (IOS) have a significant effect on firm value. Other findings of the study show that Investment Opportunity Set (IOS) is able to moderate the effect of company growth on firm value and is also able to moderate the effect of Free Cash Flow on firm value.