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The Impact of Investment Performance as a Moderator on Institutional Ownership, CSR, Investment Opportunity Set, and Firm Value Vinsensius Vemas; Nur Afifah; Anggraini Syahputri; Helma Malini; Anwar Azazi
Ilomata International Journal of Management Vol. 6 No. 2 (2025): April 2025
Publisher : Yayasan Sinergi Kawula Muda

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61194/ijjm.v6i2.1540

Abstract

Using investment performance as a moderator, this study seeks to ascertain how Institutional Ownership, Corporate Social Responsibility (CSR), and Investment Opportunity Set (IOS) influence the value of a firm. One significant factor that can explain whether a firm's state is favorable or unfavorable in the eyes of investors is its firm value. The percentage of institutional ownership, CSR disclosure, IOS, and investment performance are some elements that determine firm value. A quantitative strategy was used as the research methodology in this study. Secondary data from business sustainability and financial reports is used in the data collection. Purposive sampling was employed to collect research data from companies in the energy and mineral sector listed on the Indonesia Stock Exchange during 2019–2023. SPSS 25 and Eviews 12 software were utilized for data processing, while multiple regression model analysis and the traditional assumption test were used for testing. The study's results suggest that IOS significantly increases business value, while institutional ownership and corporate social responsibility (CSR) have a positive but minimal impact. When Investment Performance moderates CSR, it has a negative and insignificant effect on Firm Value. Conversely, Institutional Ownership and IOS, which Investment Performance regulates, exhibit a substantial positive impact.
Effects of Digital Transformation, GCG, and CAR on NPL in Indonesian Banks with Profitability as Moderator Syarifah Marvira Wati; Helma Malini; Wenny Pebrianti; M. Ridwan Ristyawan; Anggraini Syahputri
Journal of Educational Management Research Vol. 5 No. 5 (2026)
Publisher : Al-Qalam Institue

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61987/jemr.v5i5.3093

Abstract

This study aims to examine the relationships between digital transformation, Good Corporate Governance (GCG), Capital Adequacy Ratio (CAR), and non-performing loans (NPLs), while assessing the moderating role of profitability in these relationships. A quantitative research design was employed using panel data obtained from official reports covering the 2020–2024 period. The data were analyzed using panel data regression and Moderated Regression Analysis (MRA) to examine both the direct effects of digital transformation, GCG, and CAR on NPLs and the moderating effect of profitability. The findings indicate that digital transformation significantly reduces NPLs, suggesting that the adoption of digital technologies, including artificial intelligence, big data, and real-time monitoring, can improve credit assessment and facilitate earlier identification of credit risk. GCG and adequate capital also contribute to strengthening credit risk management. However, profitability does not significantly moderate the relationships between digital transformation, GCG, CAR, and NPLs. These findings highlight the importance of integrating digital capabilities, effective governance, and capital resilience into banking risk-management strategies to support more effective and sustainable credit risk management.