Analisis Pengaruh Nilai Perusahaan dan Struktur Modal terhadap Profitabilitas Perusahaan Sektor Perbankan yang Terdaftar di Bursa Efek Indonesia Tahun 2020-2024
DOI:
https://doi.org/10.30640/akuntansi45.v7i1.6367Keywords:
Banking Sector, Capital Structure, Firm Value, Indonesia Stock Exchange, ProfitabilityAbstract
This study aims to analyze the effect of firm value and capital structure on the profitability of banking sector companies listed on the Indonesia Stock Exchange during the 2020–2024 period. Firm value is proxied by Price to Book Value (PBV), capital structure is proxied by Debt to Equity Ratio (DER), and profitability is measured using Return on Equity (ROE). This research employs a quantitative approach using secondary data obtained from the annual financial statements of banking companies. The data were analyzed using multiple linear regression with the assistance of SPSS software. The results indicate that firm value has a positive and significant effect on profitability, while capital structure does not have a significant effect on profitability. Simultaneously, firm value and capital structure do not significantly affect the profitability of banking companies. The coefficient of determination shows that only 11.5% of profitability variation can be explained by firm value and capital structure, while the remaining 88.5% is influenced by other factors outside the research model. These findings suggest that banking profitability is more strongly affected by industry-specific factors and other financial variables.
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