JURNAL MANAJEMEN MOTIVASI
Vol 22 No 1 (2026): Jurnal Manajemen Motivasi

Do Capital Structure, Profitability and Earnings Volatility Affect Firm Value? Moderating Role of CSR Disclosure in Indonesia’s Non-Financial Industry

Liani (Unknown)
Azazi, Anwar (Unknown)
Rosnani, Titik (Unknown)
Ristyawan, M. Ridwan (Unknown)
Syahputri, Anggraini (Unknown)

Article Info

Publish Date
29 May 2026

Abstract

In highly competitive global business era, maximizing firm value is key to competitive advantage and sustainability. This study examines the impact of capital structure, profitability and earnings volatility on firm value with moderating role of CSR Disclosure among Indonesia’s energy, basic materials and non-cyclical sectors listed at Indonesian Stock Exchange (IDX) from 2021-2024. Data from annual and sustainability reports were tested using multiple linear regression on E-views. Results indicate that capital structure, profitability and earnings volatility significantly impacting firm value, while CSR only moderate capital structure and profitability. This suggests that investors may prioritize financial performance when assessing firm value. Keywords: Capital Structure; Profitability; Earnings Volatility; Firm Value; CSR

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Journal Info
JURNAL MANAJEMEN MOTIVASI
Website

Abbrev

jm_motivasi

Publisher

Universitas Muhammadiyah Pontianak

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Jurnal Manajemen Motivasi (JMM) adalah Jurnal Ilmiah Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Pontianak yang diterbitkan secara berkala 2 (dua) kali dalam satu tahun (Juni dan Oktober) sebagai sarana untuk menyebarluaskan hasil penelitian dan ilmu pengetahuan di bidang ilmu manajemen ...