Article Per Year (5 Year)
p-Index From 2021 - 2026
0.444
P-Index
This Author published in this journals
All Journal International Journal Management and Economic (IJME) Jurnal Multidisiplin Sahombu
Sofyanty, Devi
Unknown Affiliation
Arts Civil Engineering, Building, Construction & Architecture Economics, Econometrics & Finance Environmental Science Law, Crime, Criminology & Criminal Justice

Published : 2 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search

 1 
Financial Performance Mediation On Corporate Governance Towards Company Value Of Issuers Listed In The LQ45 Index Kurniawan, Andrie; Sofyanty, Devi; Givan, Bryan
Jurnal Multidisiplin Sahombu Vol. 5 No. 02 (2025): Jurnal Multidisiplin Sahombu, (2025)
Publisher : Sean Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study examines the relationship between corporate governance, financial performance, and company value. The research employs a quantitative approach using path analysis with AMOS 22 to test direct and indirect relationships. Data were obtained from secondary sources, specifically financial reports of companies listed in the LQ45 index on the Indonesia Stock Exchange from 2019 to 2023. The sample consists of 120 companies selected through purposive sampling based on specific criteria. The results show that board size has a significant influence on company value, while board meetings do not. Financial performance, tested as a mediating variable, does not significantly mediate the relationship between corporate governance and company value. The Sobel test confirms the absence of mediation for both board size and board meetings. The findings suggest that governance practices impact company value more through structural aspects than performance indicators. The negative relationship between board size and company value indicates potential challenges related to communication and decision-making in larger boards, aligning with prior research. These results highlight the importance of optimizing board size to enhance company value while reconsidering the effectiveness of frequent meetings. Future research is recommended to explore other mediating factors, such as strategic practices or investor perceptions, to provide a more comprehensive understanding of these relationships.
THE EFFECT OF PROFITABILITY, LIQUIDITY, AND LEVERAGE ON FIRM VALUE IN ENERGY SUB-SECTOR COMPANIES IN INDONESIA Kurniawan, Andrie; Givan, Bryan; Sofyanty, Devi; Salma Rosyidah
International Journal Management and Economic Vol. 5 No. 2 (2026): May: International Journal Management and Economic
Publisher : Asosiasi Dosen Muda Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56127/ijme.v5i2.2706

Abstract

This study aims to examine the effect of profitability, liquidity, and leverage on firm value in energy sub-sector companies listed on the Indonesia Stock Exchange. The research employs a quantitative approach using secondary data derived from corporate financial statements. The analysis is conducted using panel data regression to capture variations across firms and over time. The findings reveal that profitability has a positive and significant influence on firm value, indicating that companies with higher earnings performance tend to receive better market valuation. This result supports signalling theory, which suggests that strong financial performance serves as a positive signal to investors. In contrast, liquidity does not show a significant effect on firm value, implying that the ability to meet short-term obligations is not a primary consideration for investors in this sector. Similarly, leverage is found to have no significant impact on firm value, suggesting that the use of debt does not directly affect market perception in capital-intensive industries such as energy. Overall, the results highlight that profitability is the most dominant factor influencing firm value, while liquidity and leverage play a less critical role. This study contributes to the literature by providing empirical evidence from the energy sector and offers practical implications for management in enhancing firm value through improved financial performance.
Co-Authors Andrie Kurniawan Givan, Bryan Salma Rosyidah