Pengaruh Kecukupan Modal, Likuiditas, dan Profitabilitas terhadap Nilai Perusahaan pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Periode 2020–2024 Effect of Capital Adequacy, Liquidity, and Profitability on Firm Value in Banking Companies Listed on the Indonesia Stock Exchange for the 2020–2024 Period

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Page Numbers: 3116-3134
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Published: May 23, 2026
Digital Object Identifier: 10.58578/yasin.v6i3.10236
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Authors:
Arshella Amanda Putrie Prastarie1*, Indra Lila Kusuma2, Sri Laksmi Pardanawati3
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Arshella Amanda Putrie Prastarie
Institut Teknologi Bisnis AAS Indonesia
Indra Lila Kusuma
Institut Teknologi Bisnis AAS Indonesia
Sri Laksmi Pardanawati
Institut Teknologi Bisnis AAS Indonesia

Abstract

This study was motivated by fluctuations in the value of banking companies amid post-pandemic economic recovery and global uncertainty, making it important to examine the factors that influence firm value in the banking sector. This study aims to analyze the influence of capital adequacy, liquidity, and profitability on firm value in banking companies listed on the Indonesia Stock Exchange for the 2020–2024 period. This study employed a quantitative approach with a causal design. The research sample consisted of 19 banking companies selected using purposive sampling, with a total of 95 observational data. Data were obtained from annual financial reports and analyzed using multiple linear regression with the assistance of SPSS. Capital adequacy was measured using the Capital Adequacy Ratio (CAR), liquidity using the Loan to Deposit Ratio (LDR), profitability using Return on Assets (ROA), and firm value using Price to Book Value (PBV). The results showed that capital adequacy, liquidity, and profitability simultaneously had a significant influence on firm value. Partially, capital adequacy had no significant influence on firm value, liquidity had a significant negative influence, whereas profitability had a significant positive influence on firm value. The conclusion of this study affirms that profitability is the most influential factor in increasing the value of banking companies, while liquidity management is an important consideration for investors. The implications of this study indicate that banking companies need to improve profitability, optimize asset management, and maintain liquidity stability to strengthen firm value.

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How to Cite
Prastarie, A. A. P., Kusuma, I. L., & Pardanawati, S. L. (2026). Pengaruh Kecukupan Modal, Likuiditas, dan Profitabilitas terhadap Nilai Perusahaan pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Periode 2020–2024. YASIN, 6(3), 3116-3134. https://doi.org/10.58578/yasin.v6i3.10236

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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.

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