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Pengaruh Profitabilitas, Ukuran Perusahaan dan Likuiditas terhadap Nilai Perusahaan dengan Good Corporate Governance sebagai Variabel Mediasi pada Perusahaan Properti dan Real Estate yang Terdaftar di Bursa Efek Indoensia Periode 2022-2024 Napitupulu, Lolita Elizabeth; Gultom, Robinhot; Purba, Jon Henri
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 5 No. 1 (2026): Februari - April
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v5i1.7558

Abstract

Penelitian ini bertujuan untuk memperoleh bukti empiris mengenai peran Good Corporate Governance (GCG) dalam memediasi pengaruh profitabilitas terhadap nilai perusahaan. Penelitian ini menggunakan pendekatan kuantitatif dengan data sekunder yang diperoleh dari laporan keuangan perusahaan sektor properti dan real estate yang terdaftar di Bursa Efek Indonesia periode 2022–2024. Teknik pengambilan sampel yang digunakan adalah purposive sampling, sehingga diperoleh sebanyak 37 perusahaan yang memenuhi kriteria penelitian. Metode analisis data yang digunakan adalah Structural Equation Modeling (SEM) berbasis Partial Least Square dengan bantuan perangkat lunak WarpPLS versi 8.0. Hasil penelitian menunjukkan bahwa profitabilitas, ukuran perusahaan, dan likuiditas secara langsung berpengaruh positif dan signifikan terhadap nilai perusahaan. Selain itu, Good Corporate Governance juga terbukti berpengaruh positif dan signifikan terhadap nilai perusahaan, yang menunjukkan bahwa penerapan tata kelola perusahaan yang baik mampu meningkatkan kepercayaan investor serta memperkuat nilai perusahaan. Profitabilitas juga memiliki pengaruh positif dan signifikan terhadap Good Corporate Governance, yang mengindikasikan bahwa perusahaan dengan kinerja keuangan yang baik cenderung memiliki tata kelola yang lebih optimal. Lebih lanjut, hasil pengujian mediasi menunjukkan bahwa Good Corporate Governance mampu memediasi pengaruh profitabilitas terhadap nilai perusahaan secara signifikan. Hal ini menegaskan bahwa peran GCG menjadi mekanisme penting dalam memperkuat hubungan antara kinerja keuangan dan peningkatan nilai perusahaan. Dengan demikian, penelitian ini memberikan implikasi bahwa perusahaan perlu meningkatkan profitabilitas serta menerapkan Good Corporate Governance secara konsisten guna meningkatkan nilai perusahaan di mata investor
PENGARUH UKURAN PERUSAHAAN, TANGIBILITY, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR PROPERTI DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2022-2024 Daniel Pramana Surbakti; Robinhot Gultom; Saur Melianna
Didaktik : Jurnal Ilmiah PGSD STKIP Subang Vol. 12 No. 01 (2026): Volume 12 No. 01, Maret 2026 Release
Publisher : STKIP Subang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36989/didaktik.v12i01.12174

Abstract

This study aims to examine and analyze the effect of company size proxied by natural logarithm of total assets (LNTA), Tangibility proxied by the fixed assets ratio (FAR), and liquidity proxied by the current ratio (CR) on company value proxied by the price to book value ratio (PBV) in property and real estate companies listed on the Indonesia Stock Exchange (IDX). The population in this study consisted of 92 companies, with a sample of 61 companies selected using purposive sampling. The data analysis method used was multiple linear regression analysis. The results show that partially, the variables of company size,tangibility, and liquidity have a positive and significant effet on company value. Simultaneously, these three independent variables also have a positive and significant effect on company value. The coefficient of determination test results show that LNTA, FAR, and CR are able to explain 99.3% of the variation in company value, while the remaining 0,7% is infuluenced by other variables outside the research model.
PENGARUH STRUKTUR KEPEMILIKAN, LEVERAGE, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR PROPERTI DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2022-2024 Ramot Benedictus Situmorang; Robinhot Gultom; Rintan Saragih
Didaktik : Jurnal Ilmiah PGSD STKIP Subang Vol. 12 No. 01 (2026): Volume 12 No. 01, Maret 2026 Release
Publisher : STKIP Subang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36989/didaktik.v12i01.12177

Abstract

This study aims to examine and analyse the effect of Ownership Structure, proxied by Institutional Ownership (IO), and Leverage, Proxied by Debt to Equity Ratio (DER), and Profitability, proxied by Return on Assets (ROA), on Firm Value, proxied by Price to Book Value (PBV), in property and real estate companies listed on the Indonesia Stock Exchange (IDX). The population in this study consisted of 92 companies, with a sample of 35 companies selected using purposive sampling. The data analysis method used was multiple linear regression analysis. The results showed that, partially, the variables of Ownership Structure, Leverage, and Profitability had a positive and significant effect on Company Value. Simultaneously, the three independent variables also had positive and significant effect on Company Value. The coefficient of determination test results show that KI, DER, and ROA are able to explain 98,9% of the variation in Company Value, while the remaining 1,1% is influenced by other variables outside the research model
Co-Authors Ade Noventri Prananta Sitepu Ade Oktaviani Sinaga Adhitya, Siska AGUSTINA - Ananta Pragaswara Lumbantoruan, Gian Angeliou, Ryan Anton Atno Parluhutan Sinaga Arifin Saleh Arthur Simanjuntak Aston, Mario Boike MF Siahaan Br. Saragih, Rintan Butar Butar , Mangasi Butar, Mangasi Butar Butar-Butar, Hotlan Butar-Butar, Mangasi Chrisjunian Chrisjunian Cutiara, Josshelyn Daniel Pramana Surbakti Diah Permata Sani Simanullang Dimita Hemalli Premasari Purba Duma Rahel Situmorang, Duma Rahel Ella Silvana Ginting Ella Silvana Ginting Elperida J. Sinurat Evinda Deviana Br Situmorang Farida Sagala Felicia Felicia Ferdinand, Juan Rio Ginting, Ananta J. Ginting, Dwita Perbika Br Ginting, Mitha C Ginting, Mitha Christina Goh, Thomas Sumarsan Govert, Violine Vania Gunawan, Siegfried H.P. Purba, Dimita Halim, Veronica Henri Saragih Henri Saragih, Henri Hotlan Butarbutar Hutabarat, Febri May Windi Hutabarat, Jansen Ida Ayu Putu Sri Widnyani Ijonris, Yusuf Ita Florentina Simbolon Ivonie Jon Henri Purba Jon Henri Purba, Jon Henri Joy Sihaloho Junika Napitupulu Kennedy, Kennedy Kozen, Vincent Kristanty Natalia Marina Nadapdap, Kristanty Natalia Marina Maludin Panjaitan Manalu, Cindi Elisabeth Mangasa Panjaitan, Mangasa Mangasi Butar Butar Manurung, Anastasia Three Marbun, Sondang N. B. Marbun, Sondang N.B. Marbun, Sondang Ni Bulan Mega Sari Sitompul Melianna, Saur Mesakh, Januardi Michael Mislan Sihite, Mislan Nadapdap, Kristanty M. N. Nadapdap, Kristanty M.N Nadeak, Heri Nainggolan, Christine Trivia Pintanta Br Nainggolan, Mestica Melanie Napitupulu, Lolita Elizabeth Nettina Samosir Panggabean, Toman Panjaitan, Epril Angelia Panjaitan, Rike Yolanda Purba, Dimita H. P. Purba, Dimita H.P. Purba, Dimita Hemalli Premasari Purba, Jon Hendri Putri Wulandari Rajagukguk, Helvi Febriana Ramot Benedictus Situmorang Rasmulia Sembiring Rintan Saragih Rintan Saragih Rintan Saragih, Rintan Rio J. Tambunan Rio Junjung Tambunan Romel Sitohang Rommel Sitohang Rovita Yuli Sinurat Rumahorbo, Benget Sagala, Lamria Sahat P. Remus Silalahi Sahat Parulian Remus Silalahi Samuel V. B. H. Manurung Saragih, Rintan Br. Saur Meliana Saur Melianna Saur Melianna Saur Melianna Sipayung, Saur Melianna Selamat Siregar Selamat Siregar Sembiring, Emelia Sembiring, Senta Br Septony B. Siahaan, Septony B. Sianturi, Anggriyani Sianturi, Jeudi A. T. P. Sianturi, Jeudi A.T.P Sianturi, Jeudi A.T.P. Sihite, Duma Silalahi, Sahat P. Remus Silali, Elda Helvida Simanjuntak, Dante Bonar Simanjuntak, Faido M.P. Simanullang, Febri Yanti Simanungkalit, Novita Sari Simbolon , Sabrina Elisabet Sinaga, Anton A. P. Sipayung, Saur Melliana Sipayung, Tri Darma Siregar, Jeremia Siti Normi Siti Normi, Siti Sitohang, Rommel Sondang N. B. Marbun Sondang Ni Bulan Marbun Sondang Nibulan Marbun Sri Widia Wijaya Sri Wulandari Stevany, Stevany Stevic, Stevic Sumarsan, Thomas Susanto, Jessy Syafira Ulya Firza Tarigan, Christine br Tarigan, Steven Ezekiel Teo Li Jin Tiur Rajagukguk Tiur Rajagukguk, Tiur Toman Panggabean Tresia Putri Lopian Sitohang Tya Wildana Hapsari Lubis Ujung, Tessya Afai Vebyola Sinaga, Grace Vera Triyanti Verawati Verawati Wenni Br. Tampubolon Winarto Winarto Winarto Winarto Winarto Wulanda Fitri Yabes Manullang Yhessa Devies Yuni Oktavia Purba