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p-Index From 2021 - 2026
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All Journal Journal of Contemporary Accounting
Ikhsan , Adhisyahfitri Evalina
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Economics, Econometrics & Finance

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Exploring the drivers of firm value in the transportation and logistics industry Lautania, Maya Febrianty; Marpaung , Aura Maghfira; Nuraini A, Nuraini A; Ikhsan , Adhisyahfitri Evalina
Journal of Contemporary Accounting Volume 8 Issue 1, 2026
Publisher : Master in Accounting Program, Faculty of Business & Economics, Universitas Islam Indonesia, Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jca.vol8.iss1.art2

Abstract

This study explores the drivers of firm value in the transportation and logistics industry by examining the influence of capital structure, institutional ownership, and profitability. The research focuses on companies listed on the Indonesia Stock Exchange during 2021–2023 and applies a quantitative approach using secondary data from annual financial reports. Firm value is measured by Tobin’s Q, capital structure by the Debt to Asset Ratio (DAR), institutional ownership by the proportion of institutional shareholding, and profitability by Return on Equity (ROE). Multiple linear regression is employed as the analytical technique. The findings indicate that capital structure and profitability have a positive effect on firm value, suggesting that well-managed leverage and higher profitability strengthen investor confidence in firm performance. Conversely, institutional ownership does not show a significant effect, implying that a larger proportion of institutional shares does not necessarily enhance firm value. These results emphasize the role of financial management and profitability in shaping firm value within the transportation and logistics industry.
Co-Authors Marpaung , Aura Maghfira Maya Febrianty Lautania Nuraini A, Nuraini A