Talaa : Journal of Islamic Finance
Vol. 5 No. 1: June 2025

The Effect of Capital Structure, Firm Size, and Corporate Governance on Firm Value with Profitability Ratio as a Moderating Variable in Islamic Banks in Indonesia and Malaysia

Adammakna, Sulthan Ghazwah (Unknown)
Ariyani, Diyah (Unknown)



Article Info

Publish Date
31 Dec 2025

Abstract

Indonesia and Malaysia are two countries with relatively strong Islamic banking systems. In both countries, the capital market has experienced considerable fluctuations, particularly in the Islamic banking sector. The purpose of this study is to analyze the factors that affect firm value in the Islamic banking industry in Indonesia and Malaysia. The data used in this research are secondary data gained from the quarterly reports of each Islamic bank in Indonesia and Malaysia. The data analysis techniques employed descriptive data analysis, classical assumption testing, cluster robust standard error regression testing, and moderated regression analysis (MRA). The findings indicate that capital structure, firm size, good corporate governance and probability ratio has no significant effect on firm value. Furthermore, the profitability ratio is also able to moderate the relationship between capital structure, firm size, and good corporate governance on firm value.

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Journal Info

Abbrev

talaa

Publisher

Subject

Economics, Econometrics & Finance

Description

Talaa : Journal of Islamic Finance is presented as an effort to globalization of Islamic finance. The goal is to become a reputable and internationally recognized scientific journal. Talaa journal focuses on Islamic Finance studies and present developments through the publication of articles. ...