Jul 2026· SINOMIKA JOURNAL: Publikasi Ilmiah Bidang Ekonomi dan Akuntansi· Vol 5, pp. 267-284· 0 citations· 34 references
Abstract
This study aims to analyze the effect of dividend policy, profitability, and liquidity on firm value in the manufacturing sector listed on the Indonesia Stock Exchange for the 2020–2024 period. The research method used is a quantitative approach with a causal design. Data were collected from the annual financial reports of 10 selected manufacturing companies in the Industrials sector using a purposive sampling technique. Data analysis was performed using panel data regression with a Fixed Effect Model (FEM). The results show that dividend policy has no significant effect on firm value, profitability has no significant effect on firm value, and liquidity has a negative and significant effect on firm value. The Adjusted R-squared value of 79.81% indicates that the three independent variables are able to explain variations in firm value well. This means that higher company liquidity can actually decrease firm value because it indicates inefficiency in asset management.
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
This study aims to analyze the impact of liquidity, activity, and solvency on the profitability of construction companies listed on the Indonesia Stock Exchange (IDX). The study employs a quantitative approach using panel data regression analysis. The research population consists of construction companies listed on the...
This study was motivated by the discrepancy between improvements in companies’ financial performance and firm value in the food and beverage sub-sector listed on the Indonesia Stock Exchange. Furthermore, previous studies examining the effects of liquidity, solvency, and profitability ratios on firm value have shown in...
Yuternalis Juniter Fanaetu, M. M. Bate'e, K. Zai et al.· Jurnal Publikasi Sistem Info...· 0 citations
This study aims to examine and verify the influence of profitability, liquidity, and firm size on the firm value of food and beverage companies listed on the Indonesia Stock Exchange. The study population consists of 130 food and beverage companies as of December 31, 2024. A sample of 23 companies was selected using a...
This study aims to analyze the influence of profitability, financial risk, and company size on profit growth in consumer goods industry sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020-2024 period. The background of this research is based on the rapid development of Indonesia's economy, whi...
Yana Giyawati, Ida Adhani, Dokman Marulitua Situorang· Accounting Research and Busi...· 0 citations
This study aims to analyze the effect of liquidity and leverage on the profitability of industrial sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021-2024 period, and to test whether company size can moderate this relationship. Using a purposive sampling method, a sample of 96 observations wa...
Jesika Heriyanti, Ayu Umyana, Nella Yantiana· EKONOMIS Journal of Economic...· 0 citations
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