Pengaruh Profitabilitas, Leverage, dan Likuiditas terhadap Nilai Perusahaan pada Perusahaan Telekomunikasi yang Terdaftar di Bursa Efek Indonesia The Effect of Profitability, Leverage, and Liquidity on Firm Value in Telecommunication Companies Listed on the Indonesia Stock Exchange
Article Sidebar
Page Numbers:
1414-1429
Digital Object Identifier:
10.58578/arzusin.v5i3.5896
Viewed: 248 times
Downloaded: 157 times
LYAS Publisher cordially invites qualified professionals to serve as Editors or Reviewers. Your expertise will make an important contribution to maintaining and strengthening the academic quality of our publications. Interested applicants are kindly requested to complete the application form at the following link: Editors & Reviewers
Please feel free to contact us if you need any further information about the submission process or if you have any additional questions.
Authors:
Rahmad Mulyadi1, Afriyeni Afriyeni2 
Copyright :
Authors retain copyright and grant the journal right of first publication.
Main Article Content
Abstract
Enhancing firm value is a primary objective for every business entity as it reflects sound financial performance and attracts investor interest. However, understanding the internal financial factors that consistently influence firm value, particularly in the telecommunications sector, remains limited. This study aims to analyze and examine the effect of profitability, leverage, and liquidity on firm value in the telecommunications sub-sector listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period. A quantitative method was employed with descriptive and associative approaches, using secondary data from annual financial reports obtained from the official IDX website. The research sample was selected through purposive sampling, involving 20 companies over four years, resulting in 80 observation units. Data analysis was conducted using multiple linear regression with the aid of SPSS version 25 software. The results show that profitability has a positive and significant effect on firm value, leverage has a significant negative effect, while liquidity does not have a significant effect. These findings suggest that in the telecommunications sector, profitability and capital structure play a more crucial role in enhancing firm value compared to liquidity. The implications point to the need for management to focus more on strategies to increase profitability and manage capital structure to maximize firm value.
Downloads
Article Details
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
References
Ali, J., Faroji, R., & Ali, O. (2021). Pengaruh Profitabilitas Terhadap Nilai Perusahaan (Studi Empiris Pada Perusahaan Sektor Industri Barang Konsumsi Di Bursa Efek Indonesia Tahun 2017-2019). Jurnal Neraca Peradaban, 1(2), 128–135. https://journal-stiehidayatullah.ac.id/index.php/neraca/article/view/36
Ambarwati, J., & Vitaningrum, mineva riskawati. (2021). Pengaruh Likuiditas, Solvabilitas, Dan Profitabilitas Terhadap Nilai Perusahaan. Journal of Economic, Bussines and Accounting (COSTING), 5(1), 497–505. https://doi.org/10.31539/costing.v5i1.2818
Antoro, A. D., & Hermuningsih, S. (2018). Kebijakan Dividen Dan Bi Rate Sebagai Pemoderasi Likuiditas, Profitabilitas, Dan Leverage Terhadap Nilai Perusahaan Perbankan Yang Terdaftar Di Bei Tahun 2011-2017. Upajiwa Dewantara, 2(1), 58–75. https://doi.org/10.26460/mmud.v2i1.3070
Asteria, B., & Dwiyansa, P. D. (2021). Analisis Pengaruh Motivasi Dan Disiplin Kerja Terhadap Kinerja Karyawan Outsourcing. Manajemen Dewantara, 5(2), 106–119. https://repository.bsi.ac.id/repo/42464/ANALISIS-MOTIVASI-DAN-DISIPLIN-KERJA-TERHADAP-KINERJA-KARYAWAN-PT.MAXIM
Aulia Rahma Khusnul Khotimah, Anggi Saktiya Pratiwi, Yeni Lestari Simbolon, Wildan Yudhanto, & Yacobo P. Sijabat. (2023). Pengaruh Kebijakan Hutang dan Profitabilitas Terhadap Nilai Perusahaan. Wawasan : Jurnal Ilmu Manajemen, Ekonomi Dan Kewirausahaan, 1(1), 97–110. https://doi.org/10.58192/wawasan.v1i1.260
Chasanah, A. N. (2018). pengaruh rasio likuiditas profitabilitas, struktur modal dan ukuran perusahaan terhadap nilai persahaan pada perusahaan manufaktur yang terdaftar di BEI tahun 2015-2017. Jurnal Penelitian Ekonomi Dan Bisnin, 3(1), 39–47. https://doi.org/10.33633/jpeb.v3i1.2287
Faruq, M. A., & Usman, I. (2014). Penyusunan strategi bisnis dan strategi operasi usaha kecil dan menengah pada perusahaan konveksi scissors di surabaya. Jurnal Manajemen Teori Dan Terapan, 7(3), 173–198. https://doi.org/10.20473/jmtt.v7i3.2710
Fitriani, F., Anggaraini, defia riski, & Sihono, shiwi angelica cindiyasari. (2023). Analisis Pengaruh Rasio Keuangan terhadap Nilai Perusahaan pada Perusahaan Sektor Farmasi yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2021. Journals of Economics and Business, 3(1), 43–52. https://doi.org/10.33365/jeb.v3i1.328
Irnawati, J. (2021). Nilai Perusahaan dan Kebijakan Deviden Pada Perusahaan Contruction and Engineering Pada Bursa Efek Singapura. In Cv. Pena Persada. https://www.researchgate.net/publication/352014226_Nilai_Perusahaan_dan_Kebijakan_Deviden_Pada_Perusahaan_Contruction_and_Engineering
Nurjanah, I., & Purnama, D. (2021). Pertumbuhan Perusahaan, Ukuran Perusahaan, Struktur Aset, Profitabilitas Dan Pengaruhnya Terhadap Kebijakan Hutang. Jurnal Revenue : Jurnal Ilmiah Akuntansi, 1(2), 260–269. https://doi.org/10.46306/rev.v1i2.35
Prayoga, R. A., & Lajira, T. (2021). Strategi pengembangan kualitas sdm “generasi millenial & generasi z” dalam menghadapi persaingan global era 5.0. Prosiding Seminar Nasional Manajemen, 1(1), 37–40.
Ratnasari, V. A. (2021). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Moderasi : Kasus Pada Perusahaan Pertambangan Di Indonesia. Repository Universitas Islam Indonesia, 179. https://dspace.uii.ac.id/handle/123456789/31079
Saputri, candra kurnia, & Giovanni, A. (2021). Pengaruh Profitabilitas, Leverage, Pertumbuhan Perusahaan, Dan Likuiditas Terhadap Nilai Perusahaan. Jurnal Paradigma Akuntansi, 15(4), 2541–2655. https://doi.org/10.24912/jpa.v4i4.21390
Septiana, A., & Zulkifli. (2024). Jurnal Riset Akuntansi dan Bisnis Jurnal Riset Akuntansi dan Bisnis. Jurnal Riset Akuntansi Dan Bisnis, 24(1), 140–152. https://jurnal.umsu.ac.id/index.php/akuntan/article/download/17716/11027
Sitepu, S. A., Situmorang, M., Siregar, M. L., Habeahan, M., & Bakara, J. (2019). Pengaruh DAR, WCTO, NPM, Dan Pertumbuhan Penjualan Terhadap Nilai Perusahaan Food And Beverage. Sentralisasi, 8(2), 77. https://doi.org/10.33506/sl.v8i2.427
Sofianti, desta aida. (2020). PENGARUH PROFITABILITAS, LEVERAGE, LIKUIDITAS, UKURAN PERUSAHAAN , KEBIJAKAN DEVIDEN TERHADAP NILAI PERUSAHAAN. Prisma (Platform Riset Mahasiswa Akuntansi), 1(2), 47–57.
Soliha, E. (2008). Analisis industri ritel di Indonesia. Jurnal Bisnis Dan Ekonomi, 15(2), 24251.
Supandi, D., & Afriyeni. (2023). The Influence of Financial Performance Q3 2023 Through Net Profit Margin (NPM), ROA and ROE on the Decrease in Share Prices of PT Herbal Medicine and Pharmaceutical Industry Sido Muncul Tbk. International Journal of Social Service and Research, 3(12), 3188–3198. https://doi.org/10.46799/ijssr.v3i12.636