Kurniasari, Intan (2026) Pengaruh Current Ratio, Debt To Asset Ratio, dan Dewan Komisaris Indpenden terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Mediasi pada Perusahaan Manufaktur Sub Sektor Konstruksi yang terdaftar di Bursa Efek Indonesia (BEI) pada periode 2021–2024. Magister (S2) thesis, UNIVERSITAS BPD.
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2. 2026_22242573_daftar pustaka.pdf
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Abstract
This study aims to examine the effect of Current Ratio, Debt to Assets Ratio, and Independent Board of Commissioners on firm value, with profitability as a mediating variable, in manufacturing companies in the construction sub-sector listed on the Indonesia Stock Exchange during the 2021–2024 period. This research employed a quantitative approach using secondary data obtained from companies’ financial statements. The data were analyzed using Path Analysis. The findings indicate that debt to assets ratio has a negative and significant effect on profitability, while current ratio also has a negative and significant effect on profitability. Meanwhile, Independent Board of Commissioners has a positive but insignificant effect on profitability. Furthermore, profitability is not able to mediate the effects of Current Ratio, Debt to Assets Ratio, and Independent Board of Commissioners on firm value. Profitability itself has a positive but insignificant effect on firm value. Liquidity has a negative and significant effect on firm value, whereas leverage and Independent Board of Commissioners have negative but insignificant effects on firm value. These findings suggest that firm value in the construction sub-sector is influenced not only by a company’s ability to generate profit, but also by liquidity management, debt structure, and other factors beyond the research model.
| Item Type: | Thesis (Magister (S2)) |
|---|---|
| Additional Information: | Penelitian ini bertujuan untuk menganalisis pengaruh Current Ratio, Debt to Assets Ratio, dan Dewan Komisaris Independen terhadap nilai perusahaan dengan profitabilitas sebagai variabel mediasi pada perusahaan manufaktur subsektor konstruksi yang terdaftar di Bursa Efek Indonesia periode 2021–2024. Penelitian menggunakan pendekatan kuantitatif dengan data sekunder yang diperoleh dari laporan keuangan perusahaan. Analisis dilakukan menggunakan Path Analysis. Hasil penelitian menunjukkan bahwa Debt to Assets Ratio berpengaruh negatif dan signifikan terhadap profitabilitas, sedangkan Current Ratio berpengaruh negatif dan signifikan terhadap profitabilitas. Dewan Komisaris Independen berpengaruh positif tetapi tidak signifikan terhadap profitabilitas. Selanjutnya, profitabilitas tidak mampu memediasi pengaruh Current Ratio, Debt to Assets Ratio, dan Dewan Komisaris Independen terhadap nilai perusahaan. Profitabilitas juga berpengaruh positif tetapi tidak signifikan terhadap nilai perusahaan. CR berpengaruh negatif dan signifikan terhadap nilai perusahaan, sedangkan DAR dan DKI berpengaruh negatif tetapi tidak signifikan terhadap nilai perusahaan. Temuan ini menunjukkan bahwa nilai perusahaan pada subsektor konstruksi tidak hanya dipengaruhi oleh kemampuan perusahaan menghasilkan laba, tetapi juga oleh pengelolaan likuiditas, struktur utang, dan faktor lain di luar model penelitian. |
| Uncontrolled Keywords: | Current Ratio, Debt to Assets Ratio, and Independent Board of Commissioners, profitability, firm value |
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Wisudawan S2 |
| Date Deposited: | 23 Aug 2026 00:44 |
| Last Modified: | 23 Aug 2026 00:44 |
| URI: | https://eprints.ubpd.ac.id/id/eprint/58 |
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