THE EFFECT OF GROWTH OPPORTUNITY AND COMPANY SIZE ON PROFITABILITY WITH COMPANY VALUE AS A MODERATING VARIABLE

Marshanda Nesa Trisanti1, Muhammad Agus Sudrajat

Abstract


This study aims to analyze the influence of growth opportunity and company size on profitability with company value as a moderating variable for food and beverage companies listed on the Indonesia Stock Exchange from 2020 to 2023. This is a quantitative study with data processed using SPSS 24. The population in this study consists of food and beverage companies that have gone public on the Indonesia Stock Exchange during the period 2020-2023. The sampling technique used is purposive sampling. There were 47 company samples in this study. This study used multiple linear regression analysis and Moderated Regression Analysis (MRA). The results of this study indicate that growth opportunity has a significant negative effect on profitability. Firm size has a significant negative effect on profitability. Firm value is unable to moderate growth opportunity on profitability. Firm value is able to moderate firm size on profitability. Companies must prioritize operational efficiency, cost control, and comprehensive evaluation of every expansion plan, so that the growth achieved truly contributes positively to profitability and business sustainability.


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References


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