Aug 2026· Journal of Management and Digital Business· Vol 6, pp. 1101-1116· 0 citations· 18 references
Abstract
Firm value reflects investors’ perceptions of a company’s performance and prospects, particularly in the capital-intensive energy sector. This study examines the effect of profitability, liquidity, and activity ratios on firm value in energy companies listed on the Indonesia Stock Exchange during 2020–2024. A quantitative approach with multiple linear regression is applied using purposive sampling, resulting in 7 firms and 35 observations. Profitability is proxied by Return on Assets (ROA), liquidity by Current Ratio (CR), activity ratio by Total Asset Turnover (TATO), and firm value by Price to Book Value (PBV). The results show that ROA, CR, and TATO have a positive and significant effect on firm value. These findings indicate that efficient asset utilization, adequate liquidity, a strong activity ratio, and strong profitability serve as important signals for investors in assessing firm performance and increasing firm value in the capital market.
Sustainable finance has become an important part of the banking sector's strategy as attention to environmental, social, and governance aspects increases in creating long-term corporate value. This study aims to analyze the influence of sustainable finance, as proxied by Environmental, Social, and Governance (ESG), on...
Angel Catherina Justice Zebua, S. Kakisina, Syah Abadi Mendrofa et al.· JURNAL MANAJEMEN DAN BISNIS...· 0 citations
The agricultural sector plays an important role in supporting economic growth and food security; however, companies in this sector face various challenges related to financial performance and market valuation. Firm value is an important indicator that reflects investors’ perceptions of a company’s future prospects and...
Maylaffaiza Manurung, H. Sahla· Scientific Journal of Reflec...· 0 citations
Firm value represents the market’s assessment of a company’s fundamental quality, profit-generating capacity, and long-term economic prospects. This study aims to examine the role of internal characteristics and financial decisions in determining firm value among food and beverage companies listed on the Indonesia Stoc...
This study aims to examine the influence of capital structure, firm size, and profitability on firm value among energy sector companies listed on the Indonesia Stock Exchange during the 2021–2024 period. The study employs an explanatory quantitative approach using secondary data derived from corporate financial stateme...
Profitability reflects a company's ability to generate earnings through the effective utilization of its resources. The level of profitability is influenced by various factors, including inventory management efficiency, the company's ability to meet its short-term obligations, and firm size. This study aims to examine...
The rapid development of the food and beverage industry in Indonesia has encouraged companies to continuously enhance firm value in order to attract investors and maintain business sustainability. Firm value is an important indicator that reflects investors’ confidence in a company’s performance. In an effort to increa...
Amalia Kartika, Dewi Zulvia, Laynita Sari et al.· Jurnal Ekonomi Manajemen dan...· 0 citations
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