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The Influence of Capital Expenditure, Company Size, and Operational Efficiency on Company Value at PT Multi Indocitra Tbk for the Period 2015-2025 Awaliyah Hanin Fadhilah; Yeti Kusmawati
Escalate : Economics and Business Journal Vol. 4 No. 02 (2026): Escalate: Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i02.629

Abstract

This study aims to determine the Effect of Capital Expenditure (CAPEX), Company Size (Firm Size), and Operational Efficiency (TATO) on Company Value (PBV) at PT Multi Indocitra Tbk for the 2015-2025 Period. This research method uses a quantitative method with a causal associative approach. The analytical methods used are descriptive statistical analysis tests, classical assumption tests, multiple linear regression tests, hypothesis tests, correlation coefficient tests, and determination coefficient tests. The results of the study indicate that partially Capital Expenditure (CAPEX) has no significant effect on Company Value (PBV) with a t-count value of |-0.214| < t-table 2.365 and a significance value of 0.837 > 0.05. Company Size (Firm Size) partially has a significant effect on Company Value (PBV) with a t-count value of |-4.163| > t-table 2.365 and a significance value of 0.004 < 0.05. Operational Efficiency (TATO) partially has a significant influence on Company Value (PBV) with a calculated t-value of 5.379 > t-table 2.365 and a significance value of 0.001 < 0.05. Simultaneously, CAPEX, Firm Size, and TATO have a significant influence on Company Value (PBV) with a calculated F-value of 10.961 > F-table 4.35 and a significance value of 0.005 <0.05. The determination coefficient value (Adjusted R Square) of 0.749 indicates that 74.9% of Company Value (PBV) can be explained by the research variables.
The Effect of Inflation and the Rupiah Exchange Rate on the Composite Stock Price Index for the 2013–2024 Period Gusti Ayu Nyoman Regina Reswari; Yeti Kusmawati
Escalate : Economics and Business Journal Vol. 4 No. 02 (2026): Escalate: Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i02.652

Abstract

The purpose of this study is to determine the effect of inflation and the Rupiah exchange rate on the Composite Stock Price Index. The method used is a quantitative method. The sampling technique used in this study is saturated sampling. The sample used in this study is inflation data, the rupiah exchange rate, and the Composite Stock Price Index (IHSG) for the period 2013–2024 obtained from Bank Indonesia and Yahoo Finance. Data analysis uses classical assumption tests, regression analysis, correlation coefficients, determination coefficients and hypothesis tests. The results of this study are that inflation has no significant positive effect on the Composite Stock Price Index with a determination value or contribution of 0.282 or 28.2%. and the hypothesis test obtained t count < t table or (-1.984 < 2.228). The Rupiah exchange rate has a positive and significant effect on the Composite Stock Price Index with a determination coefficient or contribution of 0.669 or 66.9% and the hypothesis test obtained t count > t table or (4.501 > 2.228). Inflation and the rupiah exchange rate have a positive and significant effect on the composite stock price index with a regression equation of Y = -2623.251 – 19.237X1 + 618X2. The coefficient of determination is 0.671 or 67.1% while the remaining 32.9% is influenced by other factors. The hypothesis test obtained a calculated f value > f table or (9.174 > 4.260). Thus, there is a significant influence between inflation and the rupiah exchange rate on the composite stock price index.