Meice Laura
Universitas Malahayati

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

THE INFLUENCE OF INVESTMENT DECISIONS, FINANCING DECISIONS, AND INFLATION ON FIRM VALUE WITH PROFITABILITY AS A MEDIATING VARIABLE IN INDONESIAN INSURANCE COMPANIES Meice Laura; Lestari Wuryanti; Anita
International Journal of Management, Economic and Accounting Vol. 4 No. 4 (2026): August 2026
Publisher : Yayasan Multidimensi Kreatif

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61306/ijmea.v4i4.791

Abstract

This study aims to analyze the influence of investment decisions, financing decisions, and inflation on firm value, with profitability as a mediating variable in insurance companies listed on the Indonesia Stock Exchange for the 2021–2023 period. This study uses a quantitative approach with panel data regression analysis on 15 insurance companies selected through a purposive sampling method. The results show that investment decisions significantly influence firm value, while financing decisions and inflation do not significantly influence firm value. Simultaneously, investment decisions, financing decisions, and inflation significantly influence firm value. The coefficient of determination indicates that the independent variables are able to explain firm value by 21.27%. The Sobel test results indicate that profitability is unable to mediate the influence of investment decisions, financing decisions, and inflation on firm value. Based on these results, it can be concluded that investment decisions are the main factor influencing insurance company value, while profitability does not play a role as a mediating variable.