The Effect of Profitability and Growth Opportunity on Company Value with Good Corporate Governance (GCG) as a Moderating Variable in Non-Cycliclas Consumer Companies Listed on the IDX in 2019-2023

Abstract

This purpose of this study is to determine the influence of profitability and growth opportunities on company value using good corporate governance as a moderating variable. In this study, the object used is consumer non-cyclicals companies listed on the Indonesia Stock Exchange (IDX) in 2019-2023. The method of determination in this sample uses the purposive sampling method so that from 175 populations, a sample of 35 companies with a research period of 5 years was obtained. The data analysis methods used in this study are descriptive statistical tests, classical assumption tests, panel data regression analysis and hypothesis tests using eviews 12. The results of this study show that profitability has a significant effect on the company's value, with a probability value of 0.00 less than 0.05 (0.00 < 0.05). Growth opportunity has no significant effect on the company's value, with a probability value of 0.93 greater than 0.05 (0.93 > 0.05). Profitability had a significant effect on the value of companies moderated by good corporate governance, with a probability value of 0.02 less than 0.05 (0.02 < 0.05). Growth opportunity had no significant effect on the value of companies moderated by good corporate governance., with a probability value of 0.57 greater than 0.05 (0.57 > 0.05).