Widowati Dian Permatasari
Department Of Accounting, Faculty Of Economics And Business, Universitas Muhammadiyah Surakarta

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Nilai Perusahaan di Pasar Modal Indonesia: Analisis Struktur Modal, Profitabilitas, dan Ukuran Perusahaan Saputra, Dany Adi; Permatasari, Widowati Dian
Ekopedia: Jurnal Ilmiah Ekonomi Vol. 2 No. 1 (2026): JANUARI-MARET
Publisher : Indo Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63822/c2g04808

Abstract

This study aims to examine the effect of capital structure, profitability, firm size, and institutional ownership on firm value in public companies listed on the Indonesia Stock Exchange. The study uses a quantitative approach with secondary data obtained from financial statements and annual reports. The research sample was determined using a purposive sampling method and resulted in 166 observations. Data analysis was performed using multiple linear regression after the model met all classical assumption tests. The results show that capital structure, profitability, firm size, and institutional ownership simultaneously have a significant effect on firm value. Partially, capital structure and profitability have a positive and significant effect on firm value, while firm size and institutional ownership have no significant effect. These findings indicate that investors place more emphasis on a company's financial performance and financing policies than on its structural characteristics in assessing firm value. This study provides important implications for management in formulating financial policies and for investors in making investment decisions.
Faktor-Faktor Yang Mempengaruhi Nilai Perusahaan Dilihat Dari Aspek Esg Dan Kinerja Keuangan Perusahaan Pada Seluruh Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2022-2023 Indriyanti, Sintia Fingki; Puspawati, Dewita; Permatasari, Widowati Dian
Management Studies and Entrepreneurship Journal (MSEJ) Vol. 7 No. 4 (2026): Management Studies and Entrepreneurship Journal (MSEJ)
Publisher : Yayasan Pendidikan Riset dan Pengembangan Intelektual (YRPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/msej.v7i4.11032

Abstract

Penelitian bertujuan menganalisis pengaruh Environmental Social Governance (ESG), Return On Assets (ROA), leverage, dan company size terhadap nilai perusahaan pada seluruh perusahaan yang terdaftar di Bursa Efek Indonesia (BEI) periode 2022-2023. Studi menerapkan pendekatan kuantitatif memanfaatkan data sekunder dari laporan tahunan dan sustainability report perusahaan, serta skor ESG bersumber Refinitiv (Thomson Reuters). Sampel diperoleh melalui purposive sampling dengan jumlah 100 observasi data. Pengujian analisis regresi linier berganda mencakup asumsi klasik normalitas, multikolinearitas, heteroskedastisitas, autokorelasi. Temuan menginformasikan bahwasanya secara parsial ESG, ROA, leverage, dan company size berpengaruh signifikan terhadap nilai perusahaan. Kajian ini menyiratkan faktor non keuangan seperti ESG serta faktor keuangan seperti ROA, leverage, dan ukuran perusahaan berkedudukan krusial dalam memengaruhi persepsi investor terhadap nilai perusahaan.