2026· APEIRON: a journal for ancient philosophy and science· Vol 34· 0 citations
Abstract
This study examines the effect of leverage, board size, firm size, growth, asset structure, profitability, and firm age on firm value, using Tobin’s Q as a proxy. Furthermore, this study explores the role of board size as a moderating variable in the relationship between leverage and firm value. Control variables such as company size, growth, fixed asset ratio, Return on Total Assets, and company age are added in this study. Based on 128 financial report data of public companies listed on the Indonesia Stock Exchange from 2021 to 2024, and using panel data regression with a Fixed Effects Model, the results show that leverage has a significant negative impact on firm value. Although board size does not directly affect firm value, board size serves as a key moderating variable that reduces the negative impact of leverage on firm value. These findings highlight the important role of corporate governance in mitigating financial risks associated with capital structure.
This study aims to analyze the effect of leverage, firm size, market value, and corporate governance mechanisms on the financial performance of consumer cyclicals sector companies listed on the Indonesia Stock Exchange during 2021–2024. Financial performance is proxied by Return on Assets (ROA), leverage by Debt to Ass...
Sulton Hidayah Arrosid, Naelati Tubastuvi, Nawalin Nazah et al.· Jurnal Ilmiah Manajemen, Eko...· 0 citations
Firm value is an important indicator of investors’ assessment of a company’s performance and prospects. This study examines the effects of firm size, leverage, and company growth on firm value in energy-sector companies listed on the Indonesia Stock Exchange during 2023–2025. Using a quantitative approach, 15 companies...
Moh. Akbar Ramdani, Muslimin, Juliana Kadang et al.· Jurnal Manajemen Motivasi· 0 citations
This study examines the effect of capital structure on corporate financial performance, with managerial ownership as a moderating variable. The research sample consists of 63 public companies listed on the Main Board of the Indonesia Stock Exchange from 2011 to 2022, using panel data analysis. The findings reveal that...
Anny Mukminati, Permata Wulandari· Journal Research of Social S...· 0 citations
This study aims to analyze the influence of profitability and leverage on firm value with firm size as a moderation variable in property and real estate sector companies listed on the Indonesia Stock Exchange for the period 2021–2025. The firm's value is proxied by Price to Book Value (PBV), profitability with Return o...
This study investigates how profitability, ownership structure, and capital structure influence firm value, with liquidity considered as a potential mediating factor. The sample includes 22 non-financial firms from the LQ45 index between 2022 and 2025, yielding 88 firm-year observations. Panel data regression analysis...
Harold Kevin Alfredo, Rizki Agung Wibowo, M. Pratama et al.· Dinasti International Journa...· 0 citations
