Nilai perusahaan merupakan indikator penting dalam persepsi investor terhadap tingkat keberhasilan suatu perusahaan, dan memberikan kepercayaan investor untuk menanamkan modal pada perusahaan. Penelitian ini bertujuan untuk mengetahui, pengaruh profitabilitas dan leverage terhadap nilai perusahaan dengan ukuran perusahaan sebagai variabel moderasi pada perusahaan subsektor makanan dan minuman periode 2016-2020. Metode pengambilan sampel menggunakan teknik purposive sampling. Populasi dalam penelitian yaitu perusahaan subsektor makanan dan minuman yang terdaftar di Bursa Efek Indonesia periode 2016-2020, sampel yang diperoleh sebanyak 12 perusahaan. Penelitian menggunakan data sekunder yaitu laporan keuangan tahunan perusahaan. Teknik analisis yang digunakan yaitu analisis regresi linier berganda dan analisisi regresi moderasi. Hasil dari penelitian menunjukan bahwa secara parsial dan simultan, variabel profitabilitas, dan leverage berpengaruh terhadap nilai perusahaan. Ukuran perusahaan dapat memoderasi pengaruh profitabilitas terhadap nilai perusahaan, namun ukuran perusahaan tidak dapat memoderasi pengaruh leverage terhadap nilai perusahaan.
Financial performance is of importance for life insurance firms. It is affected by various factors including financial health which is measured by risk-based capital, technical reserve and equity. The study aims at analyzing the effect of these financial health measures on the financial performance of life insurance firms. Secondary data which include financial performance (i.e., return on assets), risk-based capital, technical reserve and equity of thirty three life insurance firms for the periods of 2011-2016 was used. Panel data regression analysis was performed to analyze the obtained data. Financial performance was affected by risk-based capital, technical reserves and equity in different directions. Financial performance of life insurance firms increases with low risk-based capital and technical reserves, but decreases with high equity.
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