Jul 2026· EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis· Vol 14, pp. 3053-3066· 0 citations· 11 references
Abstract
This research investigates how capital structure (measured by DER), asset efficiency (measured by TATO), and liquidity (measured by CR) impact the corporate value of infrastructure firms listed on the Indonesia Stock Exchange (IDX) from 2020 to 2024. Adopting a quantitative methodology, secondary data were gathered from audited corporate annual reports. A purposive sampling technique selected 45 eligible companies out of 70, establishing 225 initial data points. Following the removal of extreme outliers using boxplot analysis, a final set of 156 observations was evaluated via multiple linear regression using SPSS 26. The simultaneous F-test reveals that all independent variables concurrently exert a significant effect on corporate value. Individually (t-test), both capital structure and liquidity show a significant negative relationship with firm value, whereas asset efficiency does not demonstrate any meaningful impact. These findings indicate that maintaining prudent financing strategies and optimizing working capital without over-leveraging are vital components for enhancing market valuation among investors in the infrastructure sector.
Fluctuating economic conditions have increased challenges in maintaining manufacturing firms’ value. This study aims to analyze the effect of liquidity and profitability on firm value, with capital structure as a mediating variable, among manufacturing sector companies listed on the Indonesia Stock Exchange (IDX) in 20...
This study aims to analyze the effect of profitability, liquidity, leverage, and firm size on company value in the energy sector listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. Company value is measured by Tobin’s Q, profitability is measured by Return on Assets (ROA), liquidity is measured by...
Erna Hidayah, Dona Kholila Erista· International journal of eco...· 0 citations
This study examines the effects of capital structure, liquidity, asset quality, and Environmental, Social, and Governance (ESG) scores on the profitability of banking companies listed on the Indonesia Stock Exchange during 2021–2025. A quantitative causal-explanatory design was employed using secondary data from annual...
Irham Mudin, Lutfi Alhazami· Journal of Management, Entre...· 0 citations
This study aims to analyze the effect of liquidity and capital structure on firm value in financial sector companies listed on the Indonesia Stock Exchange for the 2022-2024 period. The study used a quantitative approach with secondary data obtained from the companies' financial reports. The sample was selected using a...
Muhammad Afrizal Dema Firmansyah, Syamsul Bahri, D. Anggarani· Journal of Public and Busine...· 0 citations
This research examines the effect of capital structure and profitability on firm value, with liquidity as a moderating variable, among food and beverage (F&B) manufacturing companies listed on the Indonesia Stock Exchange during the 2020–2024 period. The research is motivated by inconsistent findings in previous studie...
M. Arifani, D. Jati, R. D. Hadiwidjaja· Jurnal Indonesia Sosial Sain...· 0 citations
Firm value reflects investors’ assessment of a company’s financial prospects, risk, and long-term value creation. This study examines the effects of capital structure and corporate social responsibility (CSR) disclosure on firm value and investigates whether profitability moderates these relationships. Using a quantita...
Fadilla Rezky Hendrani, A. Rahma, R. A. Wijaya· GOVERNORS· 0 citations
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