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Dampak Pertumbuhan Penjualan, Profitabilitas dan Leverage Terhadap Nilai Perusahaan Pertambangan di Indonesia Rujito, Rujito; Fitria, Giawan Nur
Journal of Innovative and Creativity Vol. 5 No. 2 (2025)
Publisher : Fakultas Ilmu Pendidikan Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/joecy.v5i3.4444

Abstract

This research aims to analyze the influence of sales growth, profitability, and leverage on firm value in mining companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. This study is a quantitative research using an associative approach. The data utilized are secondary data obtained from the companies' annual financial statements. Sample selection was carried out using the purposive sampling method based on the criteria of mining companies that are consistently listed on the IDX and have complete financial statements throughout the observation period. Data analysis was performed using multiple linear regression with the aid of a statistical program. The results indicate that sales growth and profitability (ROA) have a positive influence on firm value, while leverage has a negative influence on firm value. Simultaneously, these three variables significantly influence firm value with a coefficient of determination of 35.4%. This suggests that an increase in sales growth and profitability can enhance firm value, while excessive use of debt may decrease it. These findings underscore the importance of balanced financial strategies in improving the performance and value of companies within the mining sector.
Pengaruh Likuiditas Terhadap Harga Saham Dengan Profitabilitas Sebagai Variabel Moderasi Budiharjo, Roy; Rujito, Rujito
Gorontalo Accounting Journal Volume 6 Nomor 2 October 2023
Publisher : Universitas Gorontalo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32662/gaj.v6i2.3128

Abstract

This research was carried out to find out how the impact of liquidity on stock prices with profitability as a moderating variable in infrastructure companies listed on the Indonesia Stock Exchange from 2016 to 2020 is the population taken. Purposive sampling is the sampling method used. The survey data is taken from the 2016-2020 Indonesian Capital Market Index (ICMD). Statistical testing was carried out using the t-test and multiple linear regression analysis, which first tested the classical assumptions. The results of this study indicate that: liquidity has a negative effect on stock prices and profitability has a positive effect on stock prices while profitability is unable to moderate the relationship between liquidity and stock prices.