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Journal : JURNAL ILMIAH GLOBAL EDUCATION

Efek profitabilitas Terhadap Nilai Perusahaan dengan Struktur Permodalan Sebagai Variabel Mediasi (Studi Empiris: Bank Umum Syariah Indonesia) Rawati, Mesis; Puteri, Hesi Eka
Jurnal Ilmiah Global Education Vol. 5 No. 4 (2024): JURNAL ILMIAH GLOBAL EDUCATION, Volume 5 Nomor 4, Desember 2024
Publisher : LPPM Institut Pendidikan Nusantara Global

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/jige.v5i4.3352

Abstract

Profitability is one of the factors influencing a company's value, and higher profitability accelerates the growth rate of assets in Sharia Commercial Banks in Indonesia. The objective of this study is to estimate the mediating effect through the Capital Adequacy Ratio variable, which represents the interaction pattern in explaining how Return on Assets (ROA) and Return on Equity (ROE) affect Price Book Value (PBV). This research utilizes Structural Equation Modeling (SEM) with Partial Least Squares (PLS) analysis using WarpPLS 8.0. The study involved 12 respondents from Sharia Commercial Banks listed on the Indonesia Stock Exchange, selected through purposive sampling. The findings indicate a partial mediating effect of Capital Adequacy Ratio (CAR) in the relationship between ROA, ROE, and PBV. Based on the testing and discussion of the findings regarding the mediating effect of CAR in the relationship between ROA, ROE, and PBV in Sharia Commercial Banks in Indonesia, CAR partially mediates the relationship between ROA, ROE, and PBV as indicated by the Variance Accounted For (VAF). This relationship enriches the understanding that the positive effect of profitability on company value is mediated by the CAR process. The company's value is viewed through its ability to maintain CAR. Scientifically, this research contributes to the understanding of capital structure in business or banking, serving as a reference for companies and banks to enhance corporate value and profitability year after year by maintaining an optimal capital structure that avoids bankruptcy and strengthens capitalization.
Pengaruh Maqashid Syariah Index Terhadap Nilai Perusahaan Dengan Ukuran Perusahaan Sebagai Variabel Moderasi Hawari, Rayzul; Puteri, Hesi Eka
Jurnal Ilmiah Global Education Vol. 5 No. 4 (2024): JURNAL ILMIAH GLOBAL EDUCATION, Volume 5 Nomor 4, Desember 2024
Publisher : LPPM Institut Pendidikan Nusantara Global

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/jige.v5i4.3354

Abstract

The purpose of this study is to analyze the influence of the maqashid sharia index on the value of companies with company size as a moderation variable in the Jakarta Islamic index (JII). This research is classified as quantitative research, the research data collected is secondary data sourced from each annual report/company financial report with a ratio scale. The population in this study is companies that are consistently included in the Jakarta Islamic Index (JII) stock exchange during the 2019-2023 period, while the data analysis technique carried out is differential analysis consisting of pre-research tests, MRA results and hypothesis tests. The data analysis in this study used SPSS software version 29.0.2.0. The results of this study show the influence of . The maqashid sharia index has a positive and significant effect on the value of the company with a significance value of 0.000 < 0.05.The size of the company has a positive effect but is not able to moderate the relationship of the maqashid sharia index to the value of the company with a significance value of 0.180 > 0.05.