THE EFFECT OF PROFITABILITY AND SOLVENCY RATIOS ON COMPANY VALUE WITH GCG AS A MODERATION VARIABLE IN PLASTICS AND PACKAGING SUB SECTOR MANUFACTURING COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE FROM 2017 TO 2021

Abstract

This study aims to determine the effect of profitability and solvency ratios on company value with good corporate governance as a moderation variable in the plastics and packaging sub-sector manufacturing companies listed on the Indonesian Stock Exchange from 2017 to 2021. The statistical analysis technique uses the EViews 9 application. The Random Effect Model is the most appropriate model for the company. This study found that company management using profitability ratio has a negative and insignificant effect. Solvency ratio has a positive and insignificant effect. Good corporate governance is unable to moderate the effect of both profitability and solvency ratios on company value.