Journal of Management and Informatics
Vol. 4 No. 3 (2025): December Season | JMI: Journal of Management and Informatics

Impact of Liquidity and Sales Growth on Company Value: A Case Study of Telecommunications Firms on the Indonesian Stock Exchange

Rahadjeng , Indra Riyana (Unknown)
Melyani, Melyani (Unknown)
Anwar, Dian Mohamad (Unknown)
Rafik, Ahmad (Unknown)
Emita, Isyana (Unknown)
Indrarti, Wahyu (Unknown)
Sari, Dian Indah (Unknown)

Article Info

Publish Date
07 Dec 2025

Abstract

This study investigates the impact of liquidity and sales growth on company value within the Indonesian telecommunications sector from 2020-2024. Grounded in Signaling Theory, this research employs a quantitative panel data regression on a saturated sample of five IDX-listed firms. Using the Price-to-Book Value ratio as a proxy for company value, the analysis tests the influence of the Current Ratio (liquidity) and annual sales growth. The selected Fixed Effect Model reveals that both liquidity and sales growth have a significant positive effect, confirming they act as credible signals influencing investor valuation.

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Journal Info
Journal of Management and Informatics
Website

Abbrev

jmi

Publisher

Universitas Sains Dan Teknologi Komputer

Subject

Computer Science & IT Decision Sciences, Operations Research & Management

Description

management and business economics involving operational management, management of human resources, finance management, marketing management, social and economic ...