ZIKRA, NABILAH RIDHANTI (2025) DETERMINAN KINERJA KEUANGAN DENGAN KEPEMILIKAN INSTITUSIONAL SEBAGAI VARIABEL MODERATOR PADA SEKTOR KONSTRUKSI TERDAFTAR DI BURSA EFEK INDONESIA. S2 thesis, Universitas Mercu Buana Jakarta.
|
Text (HAL COVER)
01 COVER.pdf Download (16MB) | Preview |
|
![[img]](https://repository.mercubuana.ac.id/style/images/fileicons/text.png) |
Text (BAB I)
02 BAB 1.pdf Restricted to Registered users only Download (205kB) |
|
|
Text (BAB II)
03 BAB 2.pdf Restricted to Registered users only Download (431kB) |
|
|
Text (BAB III)
04 BAB 3.pdf Restricted to Registered users only Download (219kB) |
|
|
Text (BAB IV)
05 BAB 4.pdf Restricted to Registered users only Download (225kB) |
|
|
Text (BAB V)
06 BAB 5.pdf Restricted to Registered users only Download (105kB) |
|
|
Text (DAFTAR PUSTAKA)
07 DAFTAR PUSTAKA.pdf Restricted to Registered users only Download (165kB) |
|
|
Text (LAMPIRAN)
08 LAMPIRAN.pdf Restricted to Repository staff only Download (145kB) |
Abstract
This study analyzes the effects of Environmental, Social, and Governance (ESG), leverage (DER), Enterprise Risk Management (ERM), and firm size on financial performance (ROA) in construction companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period, with institutional ownership as a moderating variable. The population consists of 29 construction companies listed in 2024, and using purposive sampling, 10 companies were selected as the sample, resulting in 40 observations (2021–2024). A quantitative approach was employed through panel data regression and moderated regression analysis (MRA). The findings reveal that DER has a negative and significant effect on ROA, while ESG, ERM, and firm size show no significant effect on ROA. Furthermore, institutional ownership moderates the effect of ERM and firm size on ROA, but does not moderate the relationship between ESG or DER and ROA. These results highlight the importance of managing capital structure effectively, implementing risk management practices, and strengthening firm scale under the supervision of institutional investors to enhance sustainable financial performance in the construction sector. Keywords: ESG, Leverage, Enterprise Risk Management, Firm Size, Institutional Ownership, Financial Performance Penelitian ini menganalisis pengaruh Environmental, Social, and Governance (ESG), leverage (DER), Enterprise Risk Management (ERM), dan ukuran perusahaan terhadap kinerja keuangan (ROA) pada perusahaan konstruksi yang terdaftar di BEI periode 2021–2024, dengan kepemilikan institusional sebagai variabel moderator. Populasi penelitian adalah 29 perusahaan konstruksi BEI tahun 2024, dan melalui purposive sampling diperoleh 10 perusahaan sebagai sampel dengan total 40 observasi (panel 2021–2024). Pendekatan kuantitatif digunakan melalui regresi data panel dan moderated regression analysis (MRA). Hasil menunjukkan DER berpengaruh negatif dan signifikan terhadap ROA; sedangkan ESG, ERM, dan ukuran perusahaan tidak berpengaruh signifikan terhadap ROA. Kepemilikan institusional memoderasi pengaruh ERM dan ukuran perusahaan terhadap ROA, namun tidak memoderasi hubungan ESG maupun DER terhadap ROA. Temuan ini menegaskan pentingnya pengelolaan struktur permodalan serta penerapan manajemen risiko dan penguatan skala usaha yang didukung pengawasan investor institusional untuk meningkatkan kinerja keuangan berkelanjutan pada sektor konstruksi. Kata kunci: ESG, Leverage, Enterprise Risk Management, Ukuran Perusahaan, Kepemilikan Institusional, Kinerja Keuangan.
Actions (login required)
 |
View Item |
