IMPACT KEPEMILIKAN MANAJERIAL SEBAGAI PEMODERASI PROFITABILITAS DAN LEVERAGE TERHADAP NILAI PERUSAHAAN (Studi Kasus Pada Perusahaan Indeks LQ45)

Abstract

Shares of consumer goods issuers enter the red zone in their trading in 2021 which has an impact on decreasing the value of the company. The aim of this study is to empirically examine the Impact of Managerial Ownership as a Moderator of Profitability and Leverage on Firm Value. The population in this study were 45 companies. The sample in this study used purposive sampling by obtaining 43 company samples. The method used in this study is a quantitative method obtained from financial reports obtained from the Indonesian Stock Exchange web, while the analysis tool uses SPSS 23. Data analysis uses multiple linear regression, classical assumption test, hypothesis test (t test), Moderated Regression test Analysis (MRA), and Determination Coefficient Test (R2). Based on the results of the t test, it was found that profitability (X1) has no effect on firm value (Y), leverage (X2) has a negative effect on firm value (Y), managerial ownership (Z) moderates profitability (X1) on firm value (Y) , Managerial ownership (Z) does not moderate leverage (X2) on firm value (Y), managerial ownership (Z) does not affect firm value (Y).