Article Per Year (5 Year)
p-Index From 2020 - 2025
0.23
P-Index
This Author published in this journals
All Journal Research Horizon
Rahayu, Laras Puji
Unknown Affiliation
Arts Humanities Economics, Econometrics & Finance Education Law, Crime, Criminology & Criminal Justice Social Sciences

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
The Moderating Role of Profitability in the Effect of Independent Commissioners and Capital Structure on Firm Value Ariska, Widi Dwi; Aprilia, Mitha Endah; Poernamawatie, Fahmi; Hastuti, Sri; Rahayu, Laras Puji
Research Horizon Vol. 5 No. 5 (2025): Research Horizon - October 2025
Publisher : LifeSciFi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54518/rh.5.5.2025.822

Abstract

The value of a company is a crucial indicator for investors as it reflects management’s effectiveness and future growth prospects. In Indonesia’s manufacturing sector, fluctuations in company value often arise from both governance and financial decisions, making it important to explore internal determinants. This study aims to empirically test whether profitability can moderate the influence of independent commissioners and capital structure on company value. This study uses secondary data from financial reports of manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2021-2023. There were 84 populations in this study, then based on the criteria, 33 samples were obtained with a research period of 3 years, resulting in 99 samples. The results of this study indicate that profitability can moderate the effect of independent commissioners on company value, but profitability is less able to moderate the effect of capital structure on company value. The results reveal that independent commissioners and capital structure significantly affect company value. Profitability strengthens the effect of independent commissioners but does not moderate the impact of capital structure. These findings highlight the importance of governance effectiveness and financial strategies in enhancing firm value while emphasizing profitability as a catalyst for governance effectiveness.
Co-Authors Ariska, Widi Dwi Fahmi Poernamawatie Mitha Endah Aprilia Sri Hastuti