Article Per Year (5 Year)
p-Index From 2020 - 2025
0.23
P-Index
This Author published in this journals
All Journal International Journal of Enterprise Modelling
Firnandes, Firnandes
Unknown Affiliation
Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Engineering Industrial & Manufacturing Engineering Library & Information Science Mathematics Transportation

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
The effect of capital structure, liquidity, activity ratio, and profitability on the value of pharmaceutical companies Firnandes, Firnandes; Suhardi, Suhardi; Adriana, Nana
International Journal of Enterprise Modelling Vol. 19 No. 2 (2025): May: Enterprise Modelling
Publisher : International Enterprise Integration Association

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/int.jo.emod.v19i2.126

Abstract

This study aims to investigate the impact of capital structure, liquidity, activity ratio, and profitability on firm value in the pharmaceutical sector listed on the Indonesia Stock Exchange (IDX) during the period from 2018 to 2023. A quantitative approach was employed using multiple linear regression analysis to analyze panel data from 10 pharmaceutical companies, resulting in a total of 60 observations (n = 60). The results of the regression analysis indicate that only capital structure has a significant effect on firm value. In contrast, liquidity, activity ratio, and profitability do not show a significant impact. These findings were influenced by the dynamics of the capital market during the study period, particularly the effects of the COVID-19 pandemic, which altered investors' strategies and priorities. The results highlight the importance of adopting a more comprehensive approach in evaluating firm value within the pharmaceutical industry by incorporating external factors and additional financial metrics. Future research is recommended to include macroeconomic variables and industry policies to gain a more holistic understanding.
Co-Authors Nana Adriana Suhardi Suhardi