Quick Links

Journal
About
For Authors
Policies
Information For
For Readers For Authors For Librarians

Contact Us via WhatsApp

Send Message
Contact Us
shape
_ shape

Articles

Cover Issue
PDF
Articles

The Effect of Solvency and Profitability on Firm Value with Dividend Policy as a Moderating Variable in the Infrastructure Sector for the Period 2020–2024

Ismi Indrian, Krisdiana

View Author Affiliations
  • Ismi Indrian: Universitas Swadaya Gunung Jati, Indonesia
  • Krisdiana: Universitas Swadaya Gunung Jati, Indonesia
DOI:
https://doi.org/10.59431/ijer.v6i2.797
Published:
June 28, 2026
Pages:
476–487

Views

1

Views

Downloads

0

Downloads

Article Metrics


Share Article:

Abstract

This study aims to analyze the impact of solvency and profitability on firm value, with dividend policy as a moderating variable, among infrastructure sector companies listed on the Indonesia Stock Exchange during the 2020–2024 period. Solvency is measured using the Debt to Equity Ratio (DER), profitability using Return on Equity (ROE), firm value using Price to Book Value (PBV), and dividend policy using the Dividend Payout Ratio (DPR). This study employs a quantitative approach using the Moderated Regression Analysis (MRA) method. The research data was sourced from the companies’ annual financial reports, and 18 companies were selected through purposive sampling, resulting in 90 observations. The results indicate that, partially, the DER does not have a significant effect on PBV with a coefficient of -0.002 and a significance level of 0.550 > 0.05. ROE also does not have a significant effect on PBV with a coefficient of 0.254 and a significance level of 0.548 > 0.05. Meanwhile, DPR has a negative and significant effect on PBV with a coefficient of -0.676 and a significance level of 0.008 < 0.05. The interaction results indicate that DER×DPR has a significant positive effect on PBV with a significance level of 0.002 < 0.05, and ROE×DPR also has a significant positive effect on PBV with a significance level of 0.000 < 0.05. These findings suggest that dividend policy moderates the effects of solvency and profitability on firm value in the infrastructure sector.

Keywords

Debt to Equity Ratio; Return on Equity; Dividend Policy; Firm Value; Infrastructure Companies
Author Biographies
Ismi Indrian

Universitas Swadaya Gunung Jati

Google Scholar ResearchGate ORCID

Management Study Program, The Faculty of Economics and Business, Universitas Swadaya Gunung Jati, Cirebon City, West Java Province, Indonesia.

Krisdiana

Universitas Swadaya Gunung Jati

Google Scholar ResearchGate ORCID

Management Study Program, The Faculty of Economics and Business, Universitas Swadaya Gunung Jati, Cirebon City, West Java Province, Indonesia.

Article Identifiers
  • Article Title: The Effect of Solvency and Profitability on Firm Value with Dividend Policy as a Moderating Variable in the Infrastructure Sector for the Period 2020–2024
  • DOI: 10.59431/ijer.v6i2.797
  • Publication Date: 2026-06-28
  • Journal: Indonesian Journal Economic Review (IJER)
  • Volume: 6
  • Issue: 2
  • Pages: 476–487
References
  • Alfian, F., Bukit, R. B., & Siregar, N. B. (2025). The influence of company size, dividend policy, institutional ownership, and green accounting on firm value with corporate social responsibility disclosure as a moderating variable in real estate and property companies listed on the IDX for the period. International Journal of Research and Review, 12, 117–133. https://doi.org/10.52403/ijrr.20250913 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Andriana, D., Ahiase, G., Widyaningsih, A., Purnomo, B. S., & Bansah, P. F. (2025). Corporate governance, leverage, and stock returns of non-financial listed firms in the ASEAN region: The moderating role of firm growth. Jurnal Pengurusan, 73. https://doi.org/10.17576/pengurusan-2025-73-5 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Angesti, F., Fadah, I., & Awwaliyah, I. N. (2025). Capital structure and profitability as determinants of firm value: The moderating role of firm size in Indonesia’s property and infrastructure sectors. International Journal of Social and Management Research, 8(6), 18–27. http://doi.org/10.37502/IJSMR.2025.8603 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Aspiati, A. S., Abbas, S., & Hadia, F. La. (2022). Pengaruh profitabilitas, leverage dan likuiditas terhadap nilai perusahaan (studi pada perusahaan yang terdaftar di Bursa Efek Indonesia tahun 2018–2020). Jurnal Sains, Sosial dan Humaniora (JSSH). https://www.researchgate.net/publication/371352098_Pengaruh_Profitabilitas_Leverage_dan_Likuiditas_Terhadap_Nilai_Perusahaan Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Astadewi, N. P. N., & Suaryana, I. G. N. A. (2025). The effect of profitability, company growth, and capital structure on firm value (a case study of technology sector companies listed on the Indonesia Stock Exchange for the 2021–2023 period). International Journal of Economics, Management and Accounting, 2(3), 284–293. https://doi.org/10.61132/ijema.v2i3.735 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Cahyani, P. A. E., Gama, A. W. S., & Ni Putu Yeni Astiti. (2024). Pengaruh struktur modal, kebijakan dividen, dan ukuran perusahaan terhadap nilai perusahaan sektor property & real estate yang terdaftar di Bursa Efek Indonesia periode 2020–2022. Jurnal Emas, 5(2024). https://e-journal.unmas.ac.id/index.php/emas/article/view/10047/7573 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Chang, E. V., & Wirianata, H. (2025). Leverage dynamics: The role of profitability and firm size in shaping firm value. International Journal of Application on Economics and Business (IJAEB), 3(2), 1084–1098. https://doi.org/10.24912/ijaeb.v3i2.1084-1098 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Dwi Vina Rahmawati, Sri Wahyuni, Azmi Fitriati, & Wida Purwidianti. (2023). Kebijakan dividen sebagai pemoderasi terhadap determinan nilai perusahaan. Jurnal Akuntansi dan Pajak (JAP). https://jurnal.stie-aas.ac.id/index.php/jap/article/view/8066/pdf Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Fajriah, Y. (2025). Makna kemandirian ekonomi bagi mahasiswa yang menjalankan UMKM. Jurnal Economina, 4. https://doi.org/10.55681/economina.v4i10.1775 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Fitriani, R. N. (2024). Nilai perusahaan dengan kebijakan dividen sebagai variabel moderasi pada perusahaan perkebunan di Bursa Efek Indonesia. Skripsi, Universitas Pembangunan Nasional Veteran. Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Gagas, Y. P. (2025). Ini sektor yang bagikan dividen terbesar sepanjang 2025. Liputan6.com. https://www.liputan6.com/saham/read/6130040/ini-sektor-yang-bagikan-dividen-terbesar-sepanjang-2025 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Goh, T. S., Simanjuntak, A., & Henry. (2024). Pengaruh profitabilitas dan leverage terhadap nilai perusahaan dengan kebijakan dividen sebagai variabel moderasi pada perusahaan konstruksi yang terdaftar di Bursa Efek Indonesia. Jurnal Ekonomi & Ekonomi Syariah, 7(1), 552–565. https://doi.org/10.36778/jesya.v7i1.1379 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Hanaffy, J. (2025). Liquidity and firm size as determinants of firm value: An empirical study on textile and garment companies in the Indonesia Stock Exchange (IDX). International Journal of Research and Innovation in Social Science (IJRISS), IX(2454), 6448–6456. https://dx.doi.org/10.47772/IJRISS.2025.909000528 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Hartati, R., Sudiyono, R. N., & Admiral. (2025). Dividend payout ratio (DPR), earning per share (EPS), return on equity (ROE) dan debt equity ratio (DER) terhadap nilai saham pada perusahaan terdaftar LQ-45 periode tahun 2020–2024. Jurnal JUBISMA, 7(1). https://doi.org/10.58217/jubisma.v7i1.194 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Janice, I., & Aryati, T. (2024). Pengaruh manajemen laba, kebijakan dividen, dan pertumbuhan perusahaan terhadap nilai perusahaan. Jurnal Riset Akuntansi, 2(2), 194–209. https://doi.org/10.54066/jura-itb.v2i2.1781 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Jasmine, J., Machdar, N. M., Bhayangkara, U., & Raya, J. (2025). Kebijakan dividen ditinjau menggunakan profitabilitas, leverage, set kesempatan investasi dan arus kas bebas. Jurnal Mutiara Ilmu Akuntansi, 3, 56–69. https://doi.org/10.55606/jumia.v3i1.3523 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Kaulika, F. M. (2025). The influence of profitability, firm size, and company growth on firm value. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 8(1), 1284–1300. https://doi.org/10.31538/iijse.v8i1.6068 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Khalifaturofi’ah, S. O., & Setiawan, R. (2025). Profitability’s impact on firm value in Indonesia’s real estate firms: A panel data investigation. Property Management, 43. https://doi.org/10.1108/PM-08-2023-0082 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Kusuma, A. G., & Sari, D. (2025). The influence of profitability, leverage, liquidity, and ESG scores on firm value of LQ45 low carbon leaders index listed companies for the period 2021–2024. Journal Research of Social Science, Economics, and Management, 5(01), 2090–2107. https://doi.org/10.59141/jrssem.v5i1.933 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Lestari, A. P., & Susetyo, A. (2020). Pengaruh NPM, EPS, DER dan PBV terhadap harga saham pada perusahaan terdaftar IDX HIDIV20 dengan DPR sebagai variabel intervening. Jurnal Ilmiah Mahasiswa Manajemen, Bisnis dan Akuntansi (JIMMBA), 2(2), 184–196. https://doi.org/10.32639/jimmba.v2i2.461 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Listianah, S., & Kurniasih, A. (2025). Firm size as moderator of ESG, dividend policy, and efficiency impact on firm value: Evidence from Indonesia’s energy sector. International Journal of Research and Review, 12, 354–370. https://doi.org/10.52403/ijrr.20250842 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Lutfi, A. A., & Panuntun, B. (2024). Analisis pengaruh rasio profitabilitas ROA, ROE, dan NPM terhadap nilai perusahaan yang tercatat dalam IDX-MES BUMN Ahnan. Selekta Manajemen: Jurnal Mahasiswa Bisnis & Manajemen, 03(01), 81–91. https://journal.uii.ac.id/selma/article/view/35625/17225 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Maretta, F., & Thamrin, H. (2025). The effect of CSR disclosure, environmental performance, and firm characteristics on firm value with financial performance as a mediating variable. Journal of Economics, Finance and Management Studies, 8(8), 5381–5390. https://doi.org/10.47191/jefms/v8 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Mauren, Y., & Syarif, A. D. (2024). Firm value in ESG leaders: The impact of sustainability disclosure, size, and leverage with profitability as a mediating variable. Journal of Economics, Finance and Management Studies, 08(07), 4793–4809. https://doi.org/10.47191/jefms/v8 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Muhammad Bima Setianata, & Khabib, N. (2025). Pengaruh profitabilitas, likuiditas, dan struktur modal terhadap nilai perusahaan dengan kebijakan dividen sebagai variabel moderasi (studi pada perusahaan JII70 tahun 2020–2024). JASIE - Journal of Aswaja and Islamic Economics. https://doi.org/10.3194/jse.v1i1.6877 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Mweshi, G. K., & Muhyila, M. (2024). Determining a statistical analysis for the quantitative study. Advances in Social Sciences Research Journal, 11(7), 187–231. https://drive.google.com/file/d/1_3xXQIp0yBVymguHwx_rg5iPpZ7VEIYB/view Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Nainggolan, Y., Maksum, A., & Erwin, K. (2023). Analysis of the influence of debt to equity ratio (DER), earnings per share (EPS), and dividend payout ratio (DPR) on stock price with firm value as an intervening variable (case study of LQ45 stock index 2015–2021 period). International Journal of Research and Review, 10. https://doi.org/10.52403/ijrr.20230925 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Nanut, Y., Kepramareni, P., & Tahu, G. P. (2025). The influence of profitability, leverage, and liquidity on firm value with dividend policy as an intervening variable: A study on financial services companies listed on the Indonesia Stock Exchange. Journal of Economics, Finance and Management Studies, 0(08), 5461–5468. https://doi.org/10.47191/jefms/v8-i8-42 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Nasional, S., Islam, B., Sulastri, L., Supratman, I., Pradiva, D. A., & Yuliyani, N. (2025). The effect of capital structure, liquidity, and profitability on firm value: Evidence from consumer non-cyclicals companies listed on the Indonesia. Gunung Djati Conference Series, 56, 1705–1715. https://www.conferences.uinsgd.ac.id/index.php/gdcs/article/view/3146 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Nugrahini, J. N., Ramadhani, A. A. S., & Nurhai, N. K. (2024). Profitability and company value of non-cyclical consumer sector issuers listed on the Indonesia Stock Exchange in 2022–2024. Jurnal Strategic Behavior Accounting, 1–12. https://journal.unesa.ac.id/index.php/jsba/article/view/47021/14751 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Nur, N. S., Suciyanti, V. N., Winarti, A., Azmi, Z., Akuntansi, P. S., & Ekonomi, F. (2024). Pemanfaatan teori signal dalam bidang akuntansi: Literatur review. Economics, Business and Management Science Journal, 4(2), 55–65. https://doi.org/10.34007/ebmsj.v4i2.564 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Nwankwo, I. J. (2025). Effect of financial leverage on the firm value of listed consumer goods firms in Nigeria. European Journal of Accounting, Auditing and Finance, 6, 15–31. https://doi.org/10.37745/ejaafr.2013/vol13n61531 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Rahmi, A. E., Parminto, A., & MD, J. (2024). Firm size and leverage on firm value in the technology sector listed on the Indonesia Stock Exchange. American Journal of Humanities and Social Sciences Research (AJHSSR), 11, 163–168. https://www.ajhssr.com/wp-content/uploads/2024/11/S24811163168.pdf Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Razak, A., Muhaini, U., Widyastuti, R. D., & Umar, I. (2025). Firm value determinants: Reconsidering dividend policy’s moderating role in Indonesia’s top-tier stock index. Business Perspectives. https://doi.org/10.21511/imfi.22(3).2025.11 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Safitri, F., & Rofiuddin, M. (2021). Pengungkapan islamic social reporting yang dimoderasi komisaris independen dengan teknik moderated regression analysis. Journal of Accounting and Digital Finance. https://doi.org/10.53088/jadfi.v1i2.154 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Salim, L., Maksum, A., & Kesuma, S. A. (2025). The effect of capital structure, institutional ownership, research and development on firm value in pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange. International Journal of Research and Review, 12, 202–215. https://doi.org/10.52403/ijrr.20250625 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Salsabila, K., Syarif, D., & Sajekti, T. (2025). Analisis pengaruh debt to equity ratio, return on equity, dan total asset turnover terhadap price to book value (pada perusahaan perbankan yang terdaftar di BEI tahun 2017–2024). Jurnal Akuntansi, Manajemen, Bisnis dan Teknologi, 7083(2), 547–561. https://doi.org/10.56870/hdt87p15 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Sangadji, N., Hermuningsih, S., & Rinofah, R. (2025). Profitability, firm size, and liquidity as determinants of firm value: Evidence from Indonesia’s textile and garment sector. Maksimum: Media Akuntansi Muhammadiyah Semarang, 15(1), 20–29. https://jurnal.unimus.ac.id/index.php/MAX/article/view/16083/8524 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Scronce, E. (2023). Data show private infrastructure investment continues to improve following pandemic slump. World Bank. https://www.worldbank.org/en/news/press-release/2023/04/24/data-show-private-infrastructure-investment-continues-to-improve-following-pandemic-slump Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Sibarani, A., Edward, Y. R., Simorangkir, E. N., & Toni, N. (2024). The influence of price to book value and return on equity on stock prices with debt to equity ratio as an intervening variable in basic industrial and chemical companies listed on the Indonesian stock exchange for the 2019–2023 period. International Journal of Science and Research Archive. https://doi.org/10.30574/ijsra.2024.12.2.1594 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Sutisna, D., Nirwansyah, M., Ningrum, S. A., & Anwar, S. (2024). Studi literatur terkait peranan teori agensi pada konteks berbagai issue di bidang akuntans. 3. https://ojs.unida.info/karimahtauhid/article/view/12973/5014 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Tanapuan, E. Y., Rinofah, R., & Maulida, A. (2022). Analisis pengaruh profitabilitas dan likuiditas terhadap nilai perusahaan pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Jurnal Bisnisman: Riset Bisnis dan Manajemen, 3(3), 01–14. https://bisnisman.nusaputra.ac.id/index.php/bisnisman/article/download/46/47 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Widarti, A., Sudaryo, Y., & Sofiati, N. A. (2021). Analisis debt to equity ratio, debt to asset ratio dan current ratio terhadap profitabilitas perusahaan (studi pada perusahaan otomotif dan komponen yang terdaftar di Bursa Efek Indonesia periode 2010–2019). 20(1). www.idx.co.id Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Winnie, X., & Sufiyati. (2024). Factors affecting firm value with dividend policy as moderation. International Journal of Application on Economics and Business (IJAEB), 1(2). https://doi.org/10.24912/ijaeb.v2i2.3639-3648 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Wisesheets. (2025). PT Adhi Karya (Persero) Tbk. Www.Wisesheets.Io. https://www.wisesheets.io/roe/ADHI.JK Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Zulpajri, F., Robbi, M., & Rawi. (2024). Leverage, profitability and firm value: The moderating effect of dividend policy. BES: International Journal of Business, Economics and Social Development, 5(3), 402–409. https://v2.rescollacomm.com/index.php/ijbesd/article/view/637 Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers

Issue Information

Article Details

Volume: 6
Issue: 2
Year: 2026
Published: 2026-06-28
Pages: 476–487
Section: Articles
View Full Issue
Additional Information

How to Cite

Indrian, I., & Krisdiana. (2026). The Effect of Solvency and Profitability on Firm Value with Dividend Policy as a Moderating Variable in the Infrastructure Sector for the Period 2020–2024. Indonesian Journal Economic Review (IJER), 6(2), 476–487. https://doi.org/10.59431/ijer.v6i2.797
License
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

This work is licensed under a Creative Commons License.

Find This Article

Track citations and research impact

Dimensions
Dimensions
Scientific Connections
Scite
Scite
Citation Insights
Google Scholar
Google Scholar
Find Articles
ResearchGate
ResearchGate
Research Network
Semantic Scholar
Semantic Scholar
Insights & Analytics
Connected Papers
Connected Papers
Research Visualization
Crossref
Crossref
DOI & Metadata
Garuda
Garuda
Indonesian Journals
Scilit
Scilit
Scientific Publications
BASE
BASE
Open Access Search
Zenodo
Zenodo
Open Repository
Unpaywall
Unpaywall
Open Access Finder
OpenCitations
OpenCitations
Citation Database
Click to explore metrics and citations
img
img
img
img
img
Our News & Similar Articles

Similar Articles

by Farhatul Azizah, Dr. Drs. H. Acep Komara, SE., M.Si., Ak., CSRS Vol. 6 No. 1 (2026): March

The Effect of ROE, DER, and EPS on Stock Prices of IDX Energy Companies (2020–2024)

Read More Details
by Susilowati Susilowati, Erni Yulianti, Robby Rahadi Putra Vol. 6 No. 2 (2026): June

Analyzing the Liquidity and Solvency of the Cement Industry in the Indonesian Market: Financial Challenges and Prospects

Read More Details
by Dania Ayu Permatasari, Anna Marina, Halimatus Sa’diyah Vol. 6 No. 1 (2026): March

The Effect of Corporate Risk Disclosure, Company Size, Leverage, And Financial Expertise of The Board of Commissioners On Financial Performance

Read More Details
by Happy Tatemba, Ika Prayanthi Vol. 6 No. 2 (2026): June

Capital Structure and Social Signaling: A Dual Mechanism Analysis of Tax Aggressiveness in Emerging Markets

Read More Details
by Mohammad Rizky Yahya, Juan Anastasia Putri, Muhammad Rispan Affandi, Ngurah Pandji Mertua Agung Durya, Merissa Fermica Iskandar Iskandar Vol. 6 No. 2 (2026): June

The Effect of Financial Report Readability, Accounting Policy Consistency, Performance Reporting Pressure, And Information Asymmetry on the Earnings Quality of Public Companies

Read More Details
by Riandi Fiyelex, Hwihanus, Maria Yovita R. Pandin R. Pandin Vol. 5 No. 2 (2025): October

Impact Of Disclosure Green Intellectual Capital, Green Innovation, And Corporate Social Responsibility On Firm Value With Financial Performance And Environmental Performance As Intervening Variables: A Study On Companies Food And Beverage On The Indonesian Stock Exchange

Read More Details
by Widjanarko, Asih Mutiara Sari, Medy Desma Fatwara, Triyono Adi Tristanto Vol. 5 No. 2 (2025): October

The Effect of Operating Cash Flow, Debt Level, and Company Size on Profit Persistence in Goods and Consumption Companies Listed on the Indonesia Stock Exchange (2019–2023)

Read More Details
by Ana Pertiwi, Hwihanus, Maria Yovita R. Pandin Vol. 5 No. 2 (2025): October

The Effect of Macroeconomic Fundamentals, Capital Structure and Technology on Stock Return with Good Corporate Governance and Financial Performance as Intervening Variables: A Study of Manufacturing Companies on the Indonesia Stock Exchange

Read More Details
by Ferdina Watiningsih Vol. 6 No. 1 (2026): March

The Effect of Non-Performing Loans, Loan to Deposit Ratio, and Capital Adequacy Ratio on Profitability in State-Owned Banks for the 2018-2024 Period

Read More Details
by Indra Setiawan, Dias Adi Dharma Vol. 5 No. 2 (2025): October

Analysis Of The Effect Of Financial Distress On Trust Financial Report

Read More Details
You may also start an advanced similarity search for this article.