International Journal of Management and Business
Vol. 3 No. 1 (2026): January

The Influence Of Financial Performance and Company Growth on The Value of Companies in The Cosmetics Subsector Listed on The Indonesia Stock Exchange For The Period 2020-2023

Katharina Ayusta Jawing (Unknown)
Nur Ida Iriani (Unknown)
Yuni Setyowati (Unknown)



Article Info

Publish Date
11 Jan 2026

Abstract

The purpose of this study is to examine the relationship between business value, financial performance and company growth. The company's financial documents provide secondary data, and purposive sampling technique is used to select the sample. Multiple linear regression and traditional assumption test are among the analysis methods used. 19 companies listed on the Indonesia Stock Exchange between 2021 and 2023 are the study population. The findings of the first hypothesis test show that financial performance has a significant and positive effect on Company Value. The second result shows the results of the study, that Company Growth shows an insignificant and negative effect on Company Value. This means that when company growth increases, the value of the Cosmetics sub-sector company decreases. Furthermore, the third hypothesis test shows that the variables Financial Performance and Company Growth simultaneously affect Company Value. These results indicate that investors in assessing the value of a company do not only consider one single factor, but rather look at a combination of the company's financial performance and long-term growth potential.

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Journal Info

Abbrev

ijmb

Publisher

Subject

Economics, Econometrics & Finance

Description

IRDH IJMB International Journal of Management and Business is a periodical scientific journal (four times a year) January, April, July, October. The main purpose of this journal is to disseminate scientific articles in the field of management, economics, accounting and business, which have a ...