Virnita Ferjunia Restu, - and Elis Mediawati, - and Toni Heryana, - (2025) PENGARUH ECONOMIC VALUE ADDED (EVA) DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN DENGAN CORPORATE GOVERNANCE SEBAGAI VARIABEL PEMODERASI: Studi Kasus Pada Perusahaan Infrastruktur yang Terdaftar dalam IDX INFRA Periode 2021-2023. S1 thesis, Universitas Pendidikan Indonesia.
Abstract
Penelitian ini bertujuan untuk menganalisis pengaruh Economic Value Added (EVA) dan struktur modal terhadap nilai perusahaan, serta menguji apakah corporate governance yang diukur menggunakan komisaris independen mampu memoderasi pengaruh tersebut. Objek penelitian ini adalah perusahaan sektor infrastruktur yang terdaftar dalam indeks IDX INFRA Bursa Efek Indonesia (BEI) selama periode 2021-2023. Nilai perusahaan diproksikan dengan rasio Tobin’s Q, EVA diproksikan dengan Net Profit After Tax dikurangi capital charge, struktur modal dengan Debt to Equity Ratio (DER), dan corporate governance dengan proporsi jumlah komisaris independen terhadap total dewan komisaris. Metode penelitian yang digunakan adalah pendekatan kuantitatif dengan teknik analisis regresi moderasi. Hasil penelitian menunjukkan bahwa EVA dan stuktur modal secara simultan berpengaruh terhadap nilai perusahaan. Secara parsial, EVA dan struktur modal juga berpengaruh positif terhadap nilai perusahaan. Namun demikian, komisaris independen tidak mampu memperkuat pengaruh antara EVA maupun struktur modal terhadap nilai perusahaan. This study aims to analyze the effect of Economic Value Added (EVA) and capital structure on firm value, and test whether corporate governance as measured using independent commissioners is able to moderate this influence. The object of this research is infrastructure sector companies listed on the IDX INFRA index of the Indonesia Stock Exchange (IDX) during the period 2021-2023. Firm value is proxied by the Tobin's Q ratio, EVA is proxied by Net Profit After Tax minus capital charges, capital structure with Debt to Equity Ratio (DER), and independent commissioners with the proportion of the number of independent commissioners to the total board of commissioners. The research method used is a quantitative approach with moderated regression analysis (MRA) techniques. The results showed that EVA and capital structure simultaneously affect firm value. Partially, EVA and capital structure also have a positive effect on firm value. However, independent commissioners are unable to strengthen the influence between EVA and capital structure on firm value.
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| Item Type: | Thesis (S1) |
|---|---|
| Additional Information: | https://scholar.google.com/citations?hl=en&user=ZQuQfQQAAAAJ ID SINTA Dosen Pembimbing: Elis Mediawati: 6009471 Toni Heryana: 5995980 |
| Uncontrolled Keywords: | Corporate Governance, Economic Value Added (EVA), Nilai Perusahaan, Struktur Modal. Capital Structure, Company Value, Corporate Governance, Economic Value Added (EVA). |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance |
| Divisions: | Fakultas Pendidikan Ekonomi dan Bisnis > Akuntansi (non kependidikan) |
| Depositing User: | Virnita Ferjunia Restu |
| Date Deposited: | 01 Jul 2025 02:51 |
| Last Modified: | 01 Jul 2025 02:51 |
| URI: | http://repository.upi.edu/id/eprint/133918 |
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