The Effect of Capital Structure, Managerial Ownership, and Tax Avoidance on Firm Value with Profitability as a Moderating Variable (Property and Real Estate Companies 2021-2024)

Sujarwati, Desti Putri (2025) The Effect of Capital Structure, Managerial Ownership, and Tax Avoidance on Firm Value with Profitability as a Moderating Variable (Property and Real Estate Companies 2021-2024). S1 thesis, UNIVERSITAS PGRI MADIUN.

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Abstract

This study aims to examine the effect of capital structure, managerial ownership, and tax avoidance on firm value, with profitability as a moderating variable. The subjects of this study were property and real estate companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. The research method used was quantitative, with a descriptive approach and moderated regression analysis using SPSS. The independent variables in this study were capital structure, managerial ownership, and tax avoidance; the dependent variable was firm value, as measured by Price to Book Value (PBV); and the moderating variable was profitability, as measured by Return on Investment (ROI). The results showed that capital structure and ownership had a significant negative effect on firm value. Tax avoidance had a significant positive effect on firm value. The independent variables simultaneously had a significant effect on firm value. Profitability moderated the influence of capital structure and managerial ownership on firm value, but did not moderate the influence of tax avoidance. This research provides theoretical contributions to the development of financial management science and provides practical implications for managers and investors in strategic decision-making to increase firm value. Keywords: capital structure, managerial ownership, tax avoidance, company value, profitability, property and real estate companies.

Item Type:	Thesis/Skripsi/Tugas Akhir (S1)
Kata Kunci:	Kata kunci; struktur modal, kepemilikan manajerial, tax avoidance, nilai perusahaan, Profitabilitas, perusahaan properti dan real estate.
Subjects:	A Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	Fakultas Ekonomi dan Bisnis > Akuntansi
Depositing User:	SUJARWATI PUTRI DESTI
Date Deposited:	09 Oct 2025 05:37
Last Modified:	09 Oct 2025 05:37
URI:	http://eprint.unipma.ac.id/id/eprint/5171

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