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Journal : Dinasti International Journal of Economics, Finance

The Influence of Return on Assets, Return on Investment, Debt to Equity Ratio, and Dividend Payout Ratio on Firm Value (An Empirical Study on the Banking Sector Listed on the Indonesia Stock Exchange) Nur Ayu, Luh Nyoman Fajar; Suci, Ni Made; Suarmanayasa, I Nengah
Dinasti International Journal of Economics, Finance & Accounting Vol. 6 No. 5 (2025): Dinasti International Journal of Economics, Finance & Accounting (November - De
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v6i5.5178

Abstract

This study aims to examine and analyze the influence of Return on Assets (ROA), Return on Investment (ROI), Debt to Equity Ratio (DER), and Dividend Payout Ratio (DPR) on firm value in the banking sector listed on the Indonesia Stock Exchange during the 2021–2023 period. This research employs a quantitative causal approach to test the impact of ROA, ROI, DER, and DPR on firm value in the banking sector. The sample was determined using purposive sampling, consisting of 11 banking companies that consistently distributed dividends throughout the 2021–2023 period, resulting in a total of 33 observational data points. Secondary data in the form of financial statements were obtained from the official websites www.idx.co.id and each respective company. The analysis technique used was multiple linear regression, along with classical assumption testing and data processing using SPSS version 26. The results of the study indicate that Return on Assets (ROA), Return on Investment (ROI), Debt to Equity Ratio (DER), and Dividend Payout Ratio (DPR) have a significant influence on the firm value of banking companies listed on the Indonesia Stock Exchange during the 2021–2023 period, both partially and simultaneously. This indicates that asset utilization efficiency, investment optimization, capital structure management, and consistent dividend policies are crucial factors influencing investor perceptions of firm value, and they serve as a basis for investment decision-making and corporate managerial strategies.
Co-Authors Ago, Gordius Ainil Mardiah Andwika, I Gusti Ayu Santi Anthon Masela Anwar, Amelia Ardyani, Ni Putu Evi Arief Billah Asriani, Ni Kadek Dwi Astiti, Komang Ayu Tri Audry Efendy, Shima Bahtiar, Deni Baiq Halimatussakdiah Dea Safhira Deni Bahtiar Devi, Putu Dewi, Ni Putu Yunita Prissilia Dharmawangsa, Made Prima Arya Diarta, I Made Sukma Efendi Efendi Ema Sasmita Dwi Erawati, Ni Made Febriyanthi, Putu Wina ferry dhita saputra Gede Bayu Adhitya Pradana Gede Putu Agus Jana Susila Halimatussakdiah, Baiq Hartini, Luh Putu Yuni Heryanda, Komang Krisna I Gede Angga Adnyana Putra I Gede Aranu Damar Ageng I Gede Astra Wesnawa I Gede Bobi Suryano I Gede Harry Pramana I Kadek Rai Suwena I Komang Agus Triadi I Komang Agus Wira Purnawan I Made Dwi Ade Putra I Made Nindya Hutama I Made Sukma Mahardiana I Putu Suardhana I Wayan Rona I Wayan Widnyana Ida Ayu Hita Widyasanti Ida Bagus Koman Suarmaja Ida Bagus Koman Suarmaja Ignatius Septo Pramesworo Ika Suhartanti Darmo Irmayanti, Putu Agnes Ismayanti, Komang Kristina Iwan Harsono Kadek Erna Agustini Kadek Pratama Dharma Yuda Kadek Yudiana Karismayani, Kadek Ari Ketut Dartia Ketut Yudistira Arli Prasetya Komang Endrawan Sumadi Putra Komang Intan Cahyani Devi Komang Krisna Heryanda Kusuma, I Putu Wira Adi LAUNTU, ANSIR Luh Anggun Meilani Luh Heny Widiasih Luh Putu Santika Dewi Luh Putu Yuni Hartini Luh Sri Astri Muliantari Luna Waskito, Zakiy Ananda Made Amanda Dewanti, Made Amanda Made Pasmi Yuliani MADE PUTRI ARIASIH Made Putri Ariasih Made Tedi Kurniawan MANUABA, Ida Bagus Ngurah Sidharta MASTIASIH, Made Meitriana, Made Ary Ni Kadek Dwi Asriani Ni Kadek Sinarwati NI KADEK SINTYA DEWI Ni Luh Ina Handariani Ni Luh Ina Handariani Ni Luh Wayan Sayang Telagawathi Ni Made Ary Widiastini Ni Made Erawati Ni Made Suci Ni Nyoman Yulianthini Ni Putu Evi Ardyani Ni Putu Setia Dewi Ni Putu Yunita Prissilia Dewi Ni Wayan Ayu Santi . Niluh Nugrahaning Widhi Ningrat, Bisma Noor, Laili Savitri Nur Ayu, Luh Nyoman Fajar Pamungkas, Luky Pande Ni Ketut Santi Pradhana, I Made Aswin Pradyana, Ketut Yoga Prasetya, Ketut Yudistira Arli Pratiwi, Ni Putu Riyoni Cahya Puspayanti, Ketut Wida Putra, Gede Junana Putra, I Gede Angga Adnyana Putri, Vanesa Febriyana Putu Agnes Irmayanti Putu Agus Arta Setiawan Putu Dody Prayoga Putu Ermayanti Putu Indah Rahmawati Putu Indra Christiawan Rahutama Atidira Rajasa, Gede Kusuma rifatul maisaroh Safhira, Dea Sangging, Wayan Devin Amabel Sanjaya, Pattama Putta Laksmi saputra, ferry dhita Sari, Ida Ayu Kade Devita Shima Audry Efendy Siti Aisyah Sora Dipa, Putu Sucipto, Bambang Sumadi Putra, Komang Endrawan SUPADMI, Ni Nyoman Sri Suparyawan, I Wayan Eka Jata Suriantini, Ni Putu Susriyawati, Ketut Ade Triadi, I Komang Agus Trianasari Ulfa, Shazkia Maria Utama, Sanjita Wira Tri Wayan Agus Parta Sumarta Widhi, Niluh Nugrahaning Widiasih, Luh Heny Widiastuti, Bayu Retno Widiawan, I Made Widya Jayananda Wijaya, Dewa Made Satria Wira Purnawan, I Komang Agus Yudiatmaja, Fridayana Yuliani, Made Pasmi Yulita Londa