PENGARUH GREEN FINANCE, LEVERAGE, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DIMODERASI GOOD CORPORATE GOVERNANCE (Studi Empiris Pada Perusahaan Energi yang terdaftar di Bursa Efek Indonesia Periode 2020 - 2024)

MARDHIAH, AINAL (2026) PENGARUH GREEN FINANCE, LEVERAGE, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DIMODERASI GOOD CORPORATE GOVERNANCE (Studi Empiris Pada Perusahaan Energi yang terdaftar di Bursa Efek Indonesia Periode 2020 - 2024). S2 thesis, Universitas Mercu Buana Jakarta.

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Abstract

This study aims to analyze the effect of Green Finance, Leverage, and Profitability on Firm Value, with Good Corporate Governance (GCG) as a moderating variable in energy sector companies listed on the Indonesia Stock Exchange during 2020–2024. The study employs a quantitative approach, with a population of 74 companies and a sample of 11 companies selected using purposive sampling. Data analysis was conducted using panel data regression through the Fixed Effect Model (FEM) and Moderated Regression Analysis (MRA). The results indicate that Green Finance and GCG have a positive and significant effect on firm value, while Leverage has a negative and significant effect. Profitability does not have a significant effect. Moderation analysis reveals that GCG strengthens the effect of Green Finance and Leverage, but does not moderate the effect of Profitability. These findings emphasize that effective corporate governance plays a crucial role in enhancing the implementation of sustainable financial policies and managing financial risks, thereby supporting the increase of firm value in the energy sector. Keywords: Green Finance, Leverage, Profitability, Firm Value, Good Corporate Governance Penelitian ini bertujuan untuk menganalisis pengaruh Green Finance, Leverage, dan Profitabilitas terhadap Nilai Perusahaan, dengan Good Corporate Governance (GCG) sebagai variabel moderasi pada perusahaan sektor energi yang terdaftar di Bursa Efek Indonesia periode 2020–2024. Penelitian menggunakan pendekatan kuantitatif, dengan populasi 74 perusahaan dan sampel 11 perusahaan yang dipilih menggunakan teknik purposive sampling. Analisis data dilakukan menggunakan regresi data panel melalui Fixed Effect Model (FEM) dan Moderated Regression Analysis (MRA). Hasil penelitian menunjukkan bahwa Green Finance dan GCG berpengaruh positif dan signifikan terhadap nilai perusahaan, sedangkan Leverage berpengaruh negatif dan signifikan. Profitabilitas tidak berpengaruh signifikan. Analisis moderasi mengungkap bahwa GCG memperkuat pengaruh Green Finance dan Leverage, namun tidak memoderasi pengaruh Profitabilitas. Temuan ini menegaskan bahwa penerapan tata kelola perusahaan berperan penting dalam meningkatkan efektivitas kebijakan keuangan berkelanjutan dan pengelolaan risiko, sehingga mendukung peningkatan nilai perusahaan sektor energi. Kata kunci: Green Finance, Leverage, Profitabilitas, Nilai Perusahaan, Good Corporate Governance

Item Type: Thesis (S2)
NIM/NIDN Creators: 55123120047
Uncontrolled Keywords: Green Finance, Leverage, Profitabilitas, Nilai Perusahaan, Good Corporate Governance
Subjects: 000 Computer Science, Information and General Works/Ilmu Komputer, Informasi, dan Karya Umum > 020 Library and Information Sciences/Perpustakaan dan Ilmu Informasi > 025 Operations, Archives, Information Centers/Operasional Perpustakaan, Arsip dan Pusat Informasi, Pelayanan dan Pengelolaan Perpustakaan > 025.1 Administration and Library Management/Administrasi dan Manajemen Perpustakaan > 025.11 Finance/Keuangan
600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan > 657 Accounting/Akuntansi
Divisions: Pascasarjana > Magister Manajemen
Depositing User: khalimah
Date Deposited: 31 Mar 2026 04:27
Last Modified: 31 Mar 2026 04:27
URI: http://repository.mercubuana.ac.id/id/eprint/101809

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