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Pengaruh System Arus Kas, Pengendalian Internal Dan Struktur Modal Terhadap Kinerja Keuangan Dengan Ukuran Perusahaan Sebagaivariabel Moderating Pada Perusahaan Property Dan Real Estate Yang Terdaftar Dibursa Efek Indonesia Periode 2020- 2024 Zulianty, Sari Desri; Petra, Berta Agus; Edriani, Devi
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 2 No. 3 (2026): Januari - Maret
Publisher : GLOBAL SCIENTS PUBLISHER

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Abstract

This study aims to analyze the influence of cash flow systems, internal control, and capital structure on financial performance, with company size as a moderating variable. The study was conducted on property and real estate companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2024. Purposive sampling was used to select 15 companies from a population of 92. The data were analyzed using panel data regression analysis. The results indicate that cash flow systems have a significant partial effect on financial performance, while internal control has no significant partial effect on financial performance. Capital structure, while moderated by company size, has no significant effect on financial performance.
Pengaruh Struktur Modal, Pertumbuhan Perusahaan dan Ukuran Perusahaan terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Intervening pada Perusahaan Sektor Infrastruktur di BEI Handayani, Widia Susri; Petra, Berta Agus; Pratiwi, Nila
JPNM Jurnal Pustaka Nusantara Multidisiplin Vol. 4 No. 1 (2026): February : Jurnal Pustaka Nusantara Multidisiplin (ACCEPTED)
Publisher : SM Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59945/jpnm.v4i1.1062

Abstract

Memaksimalkan nilai perusahaan sangat penting bagi suatu perusahaan, karena dengan memaksimalkan nilai perusahaan berarti juga memaksimalkan kemakmuran pemegang saham yang merupakan tujuan utama perusahaan. Penelitian ini bertujuan untuk mengetahui pengaruh struktur modal, pertumbuhan perusahaan, dan ukuran perusahaan terhadap nilai perusahaan dengan profitabilitas sebagai variabel intervening pada perusahaan sektor infrastruktur yang terdaftar di Bursa Efek Indonesia. Penelitian ini menggunakan metode kuantitatif. Populasi dalam penelitian ini adalah seluruh Perusahaan Sektor Infrastruktur yang terdaftar di Bursa Efek Indonesia periode 2020-2024. Sampel penelitian ini yang sesuai dengan kriteria dan ditentukan dengan metode Purposive Sampling sehingga didapatkan total sampel sebanyak 14 perusahaan sektor infrastruktur dengan periode penelitian 5 tahun. Metode analisis yang digunakan adalah analisis Regresi Linier Berganda dan pengujian hipotesis yang digunakan adalah teknik analisis jalur dengan menggunakan SPSS versi 22.
Pengaruh Kebijakan Dividen Dan Struktur Modal Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Intervening Pada Perusahaan Sub Sektor Makanan Dan Minuman Terdaftar Di Bursa Efek Indonesia Tahun 2020-2024 Rahmadani Safitri, Fadila; Petra, Berta Agus; Pratiwi, Nila
Jurnal Ekonomi dan Bisnis Digital Vol. 3 No. 3 (2026): Januari - Maret
Publisher : CV. ITTC INDONESIA

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Abstract

This study aims to determine the effect of dividend policy and capital structure on firm value, with profitability as an intervening variable, in food and beverage sub-sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020-2024 period. The population in this study was all 42 food and beverage sub-sector companies listed on the IDX during the study period. The sampling technique used a purposive sampling method to obtain a sample of 22 companies with an observation period of five years. The data analysis method used was multiple linear regression analysis and path analysis with the help of the SPSS 26 program. Based on the results of hypothesis testing, the results showed that capital structure had a significant effect on profitability, while dividend policy did not have a significant effect on profitability. Dividend policy had a significant effect on firm value, while capital structure did not have a significant effect on firm value. Profitability had a significant effect on firm value. The path analysis showed that dividend policy did not have a significant effect on firm value through profitability, and capital structure also did not have a significant effect on firm value through profitability in food and beverage sub-sector companies listed on the Indonesia Stock Exchange for the 2020-2024 period.
Pengaruh Struktur Modal Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Intervening Pada Perusahaan Sektor Property And Real Estate Yang Terdaftar Di Bei Tahun 2020-2024 Wardaini, Titin; Petra, Berta Agus; Pratiwi, Nila
Jurnal Ekonomi dan Bisnis Digital Vol. 3 No. 3 (2026): Januari - Maret
Publisher : CV. ITTC INDONESIA

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Abstract

This study aims to determine how much influence capital structure, company size, on company value with profitability as an intervening variable in property and real estate sector companies. This study uses quantitative research with sampling using purposive sampling method. The independent variables in this study are capital structure, and company size, while the dependent variable is company value. There are 22 companies as research samples. Data were obtained from the company's financial reports published by each company through its official website using SPSS 26. The results of this study are (1) capital structure partially has a negative and significant effect on profitability, (2) company size partially has a negative and significant effect on profitability, (3) capital structure partially has a positive and significant effect on company value, (4) company size partially has a negative and significant effect on company value, (5) profitability partially has a positive and significant effect on company value, (6) profitability is unable to mediate the effect of capital structure on company value, (7) profitability is unable to mediate the effect of company size on company value.
Pengaruh Kebijakan Dividen Dan Risiko Kredit Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Intervening Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia Periode 2020-2024 Islamy, Zahra Nadhira; Petra, Berta Agus; Pratiwi, Nila
Jurnal Ekonomi dan Bisnis Digital Vol. 3 No. 3 (2026): Januari - Maret
Publisher : CV. ITTC INDONESIA

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Abstract

Maximizing firm value is very important for a company, because maximizing firm value also means maximizing shareholder wealth, which is the main objective of the company. This study aims to examine the effect of dividend policy and credit risk on firm value, with profitability as an intervening variable, in banking companies listed on the Indonesia Stock Exchange. This research uses a quantitative method. The population of this study consists of all banking companies listed on the Indonesia Stock Exchange during the 2020–2024 period. The results of this study indicate that dividend policy and credit risk partially has no significant effect on firm value. Dividend policy partially has no significant effect on profitability. Credit risk partially has a positive and significant effect on profitability. Profitability partially has a positive and significant effect on firm value. Dividend policy can partially affect firm value through profitability as a mediating variable. Meanwhile, credit risk cannot partially affect firm value through profitability as a mediating variable.