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PERAN PROFITABILITAS DALAM MEMEDIASI PENGARUH STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN: UKURAN PERUSAHAAN SEBAGAI VARIABEL KONTROL

Qoyim, Ibnu (2025) PERAN PROFITABILITAS DALAM MEMEDIASI PENGARUH STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN: UKURAN PERUSAHAAN SEBAGAI VARIABEL KONTROL. S1 thesis, UNIVERSITAS SULTAN AGENG TIRTAYASA.

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Abstract

The uneven surge in Price Earning Ratio (PER) in the industrial sector in 2018-2022 raises questions about the fundamental factors that affect firm value. This study aims to examine the role of Return on Assets (ROA) in mediating the effect of Debt to Equity Ratio (DER) on PER, with Size as the control variable. This type of research is quantitative causality, using secondary data from the annual financial statements of industrial sector companies listed on the Indonesia Stock Exchange (IDX) during the 2018-2022 period. The sample was selected using purposive sampling technique, and the data was analyzed with a panel data regression approach using EViews 12 software, including descriptive statistical analysis, classical assumption test, panel data regression, hypothesis testing and path analysis and Sobel test. The results showed: (1) DER has no significant effect on PER; (2) ROA has a significant positive effect on PER; (3) DER has a significant negative effect on ROA; (4) ROA is able to significantly mediate the effect of DER on PER; (5) The control variable Size has no significant effect on PER, but supports the stability of the model. These findings confirm the importance of managing capital structure and increasing profitability in an effort to increase firm value

Item Type: Thesis (S1)
Contributors:
ContributionContributorsNIP/NIM
Thesis advisorIchwanudin, Wawan197510232005011003
Thesis advisorWidyaningsih, Ika Utami198302282006042001
Additional Information: Lonjakan Price Earning Ratio (PER) yang tidak merata pada sektor industri tahun 2018–2022 menimbulkan pertanyaan mengenai faktor-faktor fundamental yang memengaruhi nilai perusahaan. Penelitian ini bertujuan untuk mengkaji peran Return on Assets (ROA) dalam memediasi pengaruh Debt to Equity Ratio (DER) terhadap PER, dengan Size sebagai variabel kontrol. Jenis penelitian ini adalah kuantitatif kausalitas, menggunakan data sekunder dari laporan keuangan tahunan perusahaan sektor industri yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2018– 2022. Sampel dipilih menggunakan teknik purposive sampling, dan data dianalisis dengan pendekatan regresi data panel menggunakan software EViews 12, meliputi analisis statistik deskriptif, uji asumsi klasik, regresi data panel, uji hipotesis dan analisis jalur serta Sobel test. Hasil penelitian menunjukkan: (1) DER tidak berpengaruh signifikan terhadap PER; (2) ROA berpengaruh positif signifikan terhadap PER; (3) DER berpengaruh negatif signifikan terhadap ROA; (4) ROA mampu memediasi secara signifikan pengaruh DER terhadap PER; (5) Variabel kontrol Size tidak berpengaruh signifikan terhadap PER, tetapi mendukung kestabilan model. Temuan ini menegaskan pentingnya pengelolaan struktur modal dan peningkatan profitabilitas dalam upaya meningkatkan nilai perusahaan.
Uncontrolled Keywords: Capital Structure, Profitability, Firm Value, DER, ROA, PER, Size Struktur Modal, Profitabilitas, Nilai Perusahaan, DER, ROA, PER, Size
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: 05-Fakultas Ekonomi dan Bisnis
05-Fakultas Ekonomi dan Bisnis > 61201-Program Sarjana Manajemen
Depositing User: Mr Ibnu q
Date Deposited: 02 Sep 2025 03:57
Last Modified: 02 Sep 2025 03:57
URI: http://eprints.untirta.ac.id/id/eprint/53022

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