PENGARUH NILAI PENERBITAN DAN PERINGKAT SUKUK TERHADAP NILAI PERUSAHAAN DENGAN GOOD CORPORATE GOVERNANCE SEBAGAI VARIABEL PEMODERASI

Abstract

This study aims to test the value of the issuance of sukuk and the rating of the sukuk to the value of the company with corporate governance as the moderating variable. This research is quantitative descriptive. The population of this research is sukuk issuing companies listed on the Indonesia Stock Exchange in 2015-2021. Determination of the sample is done by purposive sampling method based on secondary data from the OJK and the annual report available on the Indonesia Stock Exchange. The samples obtained were 6 companies with 45 sukuk issued. Statistical testing. Using panel data analysis and multiple linear regression with a significance level of 5%. The statistical analysis method used in this research is partial (t) and simultaneous (F) hypothesis testing. The test results show partially (t) that the value of the issuance of sukuk has a significant positive effect on firm value. Sukuk rating has a significant positive effect on firm value. Simultaneously (F) Sukuk issuance value and sukuk rating simultaneously have a significant effect on firm value. GCG can moderate and strengthen the effect of the sukuk rating which has a significant positive effect on firm value.