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All Journal JMKSP (Jurnal Manajemen, Kepemimpinan, dan Supervisi Pendidikan)
Iktiarni
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Education Social Sciences

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The The Effect of Profitability, Debt Policy, and Investment Decisions on the Value of Insurance Companies Listed on the Indonesia Stock Exchange (2019-2023) Iktiarni; Riyanti
JMKSP (Jurnal Manajemen, Kepemimpinan, dan Supervisi Pendidikan) Vol. 10 No. 1 (2025): JMKSP (Jurnal Manajemen, Kepemimpinan, dan Supervisi Pendidikan)
Publisher : Graduate Program Magister Manajemen Pendidikan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31851/jmksp.v10i1.19252

Abstract

This study analyzes the effect of profitability (ROE), debt policy (DER), and investment decisions (PER) on company value (PBV) in the Indonesian insurance sub-sector (IDX, 2019-2023) using multiple linear regression and secondary data from company financial reports. The regression analysis shows a positive and significant effect of profitability (ROE) and a negative and significant effect of debt policy (DER) on company value (PBV). Investment decisions (PER), although showing a positive effect, are not statistically significant. The model explains 66.5% of the variance in PBV. These findings have practical implications for investors, insurance company management, and regulators in investment decision-making, corporate strategy, and regulatory development. This research contributes original insights by providing up-to-date empirical data for the post-pandemic period, filling a gap in the literature, and offering a comprehensive understanding of the dynamics of insurance company valuation in Indonesia.
Co-Authors Riyanti