Economica: Journal of Economic and Economic Education
Vol 13, No 2 (2025): Economica: Journal Of Economic And Economic Education

PROFITABILITY AS A MODERATING FACTOR AFFECTING THE VALUE OF ENERGY SECTOR COMPANIES LISTED ON THE IDX

Eliza, Eliza - (Unknown)
Yeni, Fitri (Unknown)
Jufri, Annisa Rama (Unknown)



Article Info

Publish Date
01 May 2025

Abstract

This study aims to examine the effect of Investment Opportunity Set, Dividend Policy, and Good Corporate Governance on Firm Value with Profitability as a moderating variable. The population in this study were energy sector companies listed on the Indonesia Stock Exchange (IDX) in the 2019-2023 period. The research sample was selected using a purposive sampling technique, which resulted in 17 energy sector companies with a total of 85 observations. This study uses secondary data and is analyzed using the panel data analysis method. The results of the study indicate that Investment Opportunity Set and Dividend Policy have no effect on Firm Value, while Institutional Ownership has an effect on Firm Value. In addition, Investment Opportunity Set moderated by Profitability has a significant effect on Firm Value in energy sector companies listed on the Indonesia Stock Exchange in the 2019-2023 period. However, Dividend Policy and Institutional Ownership moderated by Profitability have no effect on Firm Value in energy sector companies listed on the Indonesia Stock Exchange in the 2019-2023 period.

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Journal Info

Abbrev

economica

Publisher

Subject

Economics, Econometrics & Finance Education

Description

Economica: Journal Of Economic And Economic Education, sebuah jurnal internasional elektronik, menyediakan forum untuk menerbitkan artikel penelitian asli, artikel ulasan dari pakar yang diundang, dan berita teknologi baru yang terkait dengan Riset ekonomi dan Riset pendidikan ekonomi. Jurnal ini ...