Afifah, N., Astuti, S. W. W., & Irawan, D. (2017). Pengaruh corporate social responsibility (CSR) dan reputasi perusahaan terhadap nilai perusahaan [The influence of corporate social responsibility (CSR) and corporate reputation on corporate value]. Jurnal Ekonomi dan Keuangan, 5(32), 346–364. https://doi.org/10.24034/j25485024.y2021.v5.i3.4644

Agustia, Y. P., & Suryani, E. (2018). Pengaruh ukuran perusahaan, umur perusahaan, leverage, dan profitabilitas terhadap manajemen laba (Studi pada perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia periode 2014-2016) [The influence of company size, company age, leverage, and profitability on earnings management (Study of mining companies listed on the Indonesia Stock Exchange for the period 2014-2016)]. Jurnal Akuntansi Riset, 10(1), 63–74.

Akhmadi, A., Mulyani, A. S., & Noviansyah, N. (2022). Capital structure, profitability, and firm values. Jurnal Riset Akuntansi Terpadu, 15(2), 180–194.

Ali, M. M. A. R. A. (2019). Effect of free cash flow on firm value. University of Thi-Qar Journal, 19(2), 1–26.

Butar-butar, T. T. R., Fachrudin, K. A., & Silalahi, A. S. (2021). Analysis of the effect of profitability and leverage on firm value with dividend policy as an intervening variable in Business Index Companies-27, 2016-2019 period. International Journal of Research and Review, 8(2), 264–269.

Diantimala, Y., Syahnur, S., Mulyany, R., & Faisal, F. (2021). Firm size sensitivity on the correlation between financing choice and firm value. Cogent Business and Management, 8(1). https://doi.org/10.1080/23311975.2021.1926404

Ferdiansah, Y. D., Liyundira, F. S., & Paramita, R. W. D. (2024, January). The Influence of Profitability, Leverage, and Free Cash Flow on Firm Value With Dividend Policy as A Moderation Variable (Empirical Study of Consumption Goods Industry Sector Companies on The IDX Period 2019–2021). In Conference on SDGs Transformation through the Creative Economy: Encouraging Innovation and Sustainability (TCEEIS 2023) (pp. 68–74).

Feriani, L. Z., & Amanah, L. (2017). Pengaruh free cash flow dan profitabilitas terhadap nilai perusahaan dengan kebijakan dividen sebagai variabel intervening [The effect of free cash flow and profitability on company value with dividend policy as an intervening variable]. Jurnal Ilmu dan Riset Akuntansi, 6(12), 1–19.

Ginanjar, P. W., & Mildawati, T. (2020). Pengaruh free cash flow, profitabilitas, leverage dan kebijakan deviden terhadap nilai perusahaan [The influence of free cash flow, profitability, leverage and dividend policy on company value]. Jurnal Ilmu dan Riset Akuntansi, 9, 1–17.

Goklas, A., & Thamrin, H. (2023). Effect of financial performance on firm value in pharmaceutical sub-sector companies on the IDX. Journal of Economics, Finance and Management Studies, 06(02), 707–716. https://doi.org/10.47191/jefms/v6-i2-15

Gray, R., Kouhy, R., & Lavers, S. (1995). Corporate social and environmental reporting: A review of the literature and a longitudinal study of UK disclosure. Accounting, Auditing & Accountability Journal, 8(2), 47–77.

Gujarati, D. N., & Porter, D. C. (2009). Basic econometrics (5th ed.). McGraw-Hill Series.

Handayati, P., Sumarsono, H., & Narmaditya, B. S. (2022). Corporate social responsibility disclosure and Indonesian firm value: the moderating effect of profitability and firm’s size. Journal of Eastern European and Central Asian Research, 9(4), 703–714. https://doi.org/10.15549/jeecar.v9i4.940

Handini, E. D., & Susilo, D. E. (2025). Analyzing profitability, firm size, and capital structure’s impact on firm value. Journal of Accounting Science, 9(1), 114–134. https://doi.org/10.21070/jas.v9i1.1953

Hendro, & Wardhani, R. (2015). Pengaruh agency cost of free cash flow terhadap tingkat pendistribusian kas , persistensi kas , dan tata kelola perusahaan [The influence of agency cost of free cash flow on the level of cash distribution, cash persistence, and corporate governance]. Jurnal Akuntansi dan Keuangan, 17(1), 41–56. https://doi.org/10.9744/jak.17.1.41-56

Indonesia, K. (2024). KADIN Indonesia – data dan statistik. 2024. https://kadin.id/data-dan-statistik/profil-ekonomi-indonesia/#:~:text=Ekonomi Indonesia tahun 2024 tumbuh,tumbuh sebesar 7%2C95 persen.

Ispriyahadi, H., & Abdulah, B. (2021). Effect of profitability, leverage and firm size on firm value. Journal of Business, Management, and Accounting, 3(2), 64–80.

Jaziro, I. N., & Subardjo, A. (2023). Pengaruh profitabilitas terhadap nilai perusahaan dengan kebijakan dividen sebagai variabel moderating [The effect of profitability on company value with dividend policy as a moderating variable]. Jurnal Ilmu dan Riset Akuntansi, 12(2), 1–15.

Jensen, M. C. (1986). Agency costs of free cash flow, corporate finance, and takeovers. American Economic Review, 76(2), 323–329.

Kraus, A., & Litzenberger, R. H. (1973). A state-preference model of optimal financial leverage. The Journal of Finance, 28(4), 911–922.

Kurniansyah, F., Saraswati, E., & Rahman, A. F. (2021). Corporate governance, profitability, media exposure, and firm value: the mediation role of environmental disclosure. Jurnal Minds: Manajemen Ide dan Inspirasi, 8(1), 69. https://doi.org/10.24252/minds.v8i1.20823

Lating, A. I. S., Ngumar, S., & Mildawati, T. (2019). Pengaruh kinerja keuangan terhadap nilai perusahaan dengan sustainability report sebagai variabel moderating [The influence of financial performance on company value with sustainability reports as a moderating variable]. Jurnal Ekonomi-Manajemen-Akuntansi, 15(1), 129–144.

Li, S., Tanniah, F., & Abduh, A. (2025). Effect of share price, free cash flow, debt policy, leverage, company growth on the company value of food and beverage sub-sector companies for the period 2021-2023. Journal of Economic Business and Accounting, 8(5), 806–814.

Lindenberg, E. B., & Ross, S. A. (2008). Tobin’s q ratio and industrial organization. 54(1), 1–32.

Luthfiah, A. A., & Suherman, S. (2018). The effects of financial performance toward firm value with ownership structure as moderating variable (The study on manufacturing companies listed in Indonesia stock exchange in the period Of 2012-2016). Journal of Business and Behavioural Entrepreneurship, 2(1), 18–27. https://doi.org/10.21009/jobbe.002.1.03

Nahak, F. M. T., & Giri, E. F. (2023). Profitabilitas merupakan sinyal penting yang menjelaskan nilai perusahaan [Profitability is an important signal that explains the value of a company]. Jurnal Aplikasi Manajemen, 34(2), 113–128.

Nurlela, R., & Islahuddin, I. (2008). Pengaruh corporate social responsibility terhadap nilai perusahaan dengan prosentase kepemilikan manajemen sebagai variabel moderating (studi empiris pada perusahaan yang terdaftar di Bursa Efek Jakarta) [The influence of corporate social responsibility on company value with the percentage of management ownership as a moderating variable (an empirical study on companies listed on the Jakarta Stock Exchange)]. Simposium Nasional Akuntansi XI Pontianak.

Parmar, B. L., Freeman, R. E., Harrison, S., Wicks, A. C., Purnell, L., & Colle, S. De. (2010). The academy of management annals stakeholder theory : the state of the art. The Academy of Management Annals, 4(1), 403–445.

Putri, M. A. N., Yuni, S., Kuberteria, A., Asi, O. Y., Fransiska, C., & Cristina, I. (2024). Pengaruh free cash flow dan leverage terhadap kinerja keuangan dengan likuiditas sebagai pemoderasi pada perusahaan industri barang konsumsi yang terdaftar di Bursa Efek Indonesia periode 2020-2022 [The effect of free cash flow and leverage on financial performance with liquidity as a moderator in consumer goods industry companies listed on the Indonesia Stock Exchange for the 2020-2022 period]. Jurnal Ekonomi, Manajemen, Akuntansi dan Bisnis, 2(3), 209–223. https://doi.org/10.59246/muqaddimah.v2i3.956

Putri, Z. B., & Budiyanto, B. (2010). Pengaruh corporate social responsibility terhadap nilai perusahaan dengan kepemilikan manajerial sebagai variabel moderating. Jurnal Ilmu dan Riset Manajemen, 7(3), 1–16.

Rahmawati, N., Mawaddah, D., & Putri, R. (2024). Peran corporate social responsibility ( CSR ) dalam meningkatkan transparansi dan akuntabilitas [The role of corporate social responsibility (CSR) in increasing transparency and accountability]. Jurnal Imiah Penelitian Mahasiswa, 2(6), 57–67.

Rengganis, R. M. Y. D., Mirayani, L. P. M., & Bagiana, I. K. (2023). Pengaruh free cash flow pada nilai perusahaan dengan investment opportunity set sebagai pemediasi [The effect of free cash flow on company value with investment opportunity set as a mediator]. Jurnal Ekonomi Bisnis, Manajemen dan Akuntansi, 3(3), 938–948.

Saragih, J. L., & Purba, T. L. (2019). Pengaruh corporate social responsibility terhadap nilai perusahaan pada perusahaan industri dasar dan kimia yang terdaftar di Bursa Efek Indonesia [The influence of corporate social responsibility on company value in basic and chemical industry companies listed on the Indonesia Stock Exchange]. JRAK, 5(1), 71–86.

Shahnia, C., Purnamasari, E. D., Hakim, L., & Endri, E. (2020). Determinant of profitability: Evidence from trading, service and investment companies in Indonesia. Accounting, 6(5), 787–794. https://doi.org/10.5267/j.ac.2020.6.004

Spence, M. (1972). Job market signaling. The Quarterly Journal of Economic, 87(3), 355–374. https://doi.org/https://doi.org/10.2307/1882010

Sukirno, S. (2019). Mediasi kebijakan deviden pada pengaruh profitabilitas terhadap nilai perusahaan BUMN yang listing periode 2014-2018 [Mediation of dividend policy on the influence of profitability on the value of listed state-owned companies in the 2014-2018 period]. Telaah Bisnis, 20(1), 11–22.

Syah, A. A., Aris, M. A., & Surakarta, U. M. (2024). Moderating Dividend Policy Variables: Leverage , Profitabilitas , Dan Likuiditas : Pengaruhnya Terhadap Nilai Perusahaan Dengan Moderating Variabel Kebijakan Dividen. 5(2), 5476–5490.

Utami, S. W. (2023). The effect of financial performance and capital structure on company value with company size as a moderation variable. Asian Journal of Economics, Business and Accounting, 23(24), 112–123. https://doi.org/10.9734/AJEBA/2023/v23i241191

Wahyuni, S. F. (2018). Pengaruh corporate social responsibility terhadap nilai perusahaan dengan profitabilitas sebagai variabel moderating [The influence of corporate social responsibility on company value with profitability as a moderating variable]. Jurnal Ilmiah Magister Manajemen, 1(1), 109–117.

Yendi, C., Kadang, K., & Negoro, P. (2016). Analisis pengaruh faktor-faktor pada agency problems dan keputusan stock repurchase di Indonesia [Analysis of the influence of factors on agency problems and stock repurchase decisions in Indonesia]. Jurnal Sains dan Seni, 5(1), 6–10.