Import Growth <5% change ability affects Company profitability
DOI:
https://doi.org/10.59890/qqhhy635Keywords:
Profitability, Company Value, Imports, TextilesAbstract
This research aims to analyze the profitability factors of companies in the non-primary consumer goods industry - clothing and luxury goods, as well as their impact on company value which is moderated by import growth for the 2019-2022 period. The existing population is 22 companies registered on the IDX. The samples obtained were 13 companies using the purposive sampling method. So that 52 observation data were obtained. The statistical method used with the help of eviews tested 3 sub-structures with model estimation, namely the Common Effect Model, Random Effect Model. and Fixed Effect Model. The results of model selection where Profitability using ROA is obtained by REM, Using ROE is obtained by FEM. However, the model for company value both before and after the moderation results is obtained by CEM. However, the results show that in Substructure I the variables used include CR, DAR, ITO and RTH have a significant effect on ROA together. Likewise, ROE, CR, DAR, ITO and RTH have a significant effect together. However, partially in SUB Structure I only DAR and ITO have a significant effect on ROA. Meanwhile, on ROE, only the ITO variable has a significant effect. The test results in sub structure II show that neither ROA nor ROE have a significant effect on PER. Import growth which is used as a moderator in sub-structure III is not able to strengthen the influence of profitability on company value. The modeling results shown by adjusted R-squared in Sub Structure I ROA are 11%, in ROE it is 27%. However, in mediation with R-Squared, import growth was able to increase the model to 4% between ROA and company value, while ROE and company value were still far from 1%.
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