Pengaruh Aktivitas, Leverage, Profitabilitas terhadap Nilai Perusahaan Transportasi
Studi Empiris: Perusahaan Transportasi Darat yang Terdaftar di Bursa Efek Indonesia Periode 2021-2024
DOI:
https://doi.org/10.30640/akuntansi45.v6i2.5360Keywords:
Activity, Company Value, Inflation, Leverage, ProfitabilityAbstract
This study aims to analyze the influence of profitability and leverage on firm value, while also assessing the moderating role of activity and profitability in land transportation companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. A distinguishing feature of this research is the incorporation of inflation and interest rates as additional moderating variables, offering a broader macroeconomic perspective that sets it apart from previous studies. Profitability in this study is proxied by Return on Assets (ROA), leverage is measured using the Debt to Equity Ratio (DER), and activity level is captured through Total Asset Turnover (TATO), each representing key financial indicators commonly used to evaluate corporate performance. By integrating both internal financial metrics and external economic factors, the study seeks to provide a more comprehensive understanding of how transportation firms respond to changing economic conditions and how these variables interact in shaping firm value. The findings are expected to contribute to empirical discussions in corporate finance, particularly regarding how profitability, leverage, and operational activity behave under varying inflationary pressures and interest rate environments, which are especially relevant for capital-intensive sectors such as land transportation.
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