%0 Thesis
%9 Skripsi
%A Ita Safitri, NIM.: 22108030066
%B FAKULTAS EKONOMI DAN BISNIS ISLAM
%D 2026
%F digilib:78113
%I UIN SUNAN KALIJAGA YOGYAKARTA
%K Pembiayaan Sukuk, Outstanding Sukuk, Penerbitan Sukuk, Kinerja Perusahaan, Ukuran Perusahaan, ROA
%P 147
%T DAMPAK PEMBIAYAAN BERBASIS SUKUK TERHADAP KINERJA PERUSAHAAN DENGAN UKURAN PERUSAHAAN SEBAGAI VARIABEL MODERASI: BUKTI EMPIRIS DARI BURSA EFEK INDONESIA
%U https://digilib.uin-suka.ac.id/id/eprint/78113/
%X Sukuk is one of the alternative sources of financing for growing companies in Indonesia. However, empirical evidence regarding the relationship between sukuk financing and firm performance has yet to yield consistent results. This study aims to analyze the impact of sukuk-based financing and sukuk issuance on firm performance and to test whether firm size moderates the relationship between sukuk financing and firm performance. The study uses panel data from 16 sukuk-issuing companies listed on the Indonesia Stock Exchange during the 2020–2025 period. Sukuk financing is measured based on the outstanding value of sukuk, while sukuk issuance is measured using a dummy variable. Firm performance is proxied by Return on Assets (ROA) one year after the observation period (ROA_t1). The analysis was conducted using the Random Effects Model (REM) and Moderated Regression Analysis (MRA). The results indicate that sukuk financing has a negative effect on ROA_t1. This finding remains consistent when tested for robustness using ROA_t2. Conversely, sukuk issuance does not show a significant effect on corporate performance. Furthermore, firm size was not found to moderate the effect of sukuk financing on firm performance. These results indicate that the presence and magnitude of sukuk financing do not directly lead to an increase in firm profitability.
%Z Sunarsih, S.E., M.Si.