Journal Research of Social Science, Economics, and Management
Vol. 5 No. 9 (2026): Journal Research of Social Science, Economics, and Management

Determinants of Company Value in the Healthcare Sector Listed on the Indonesian Stock Exchange for the 2020–2024 Period

Hanson, William Joash Emmanuel (Unknown)
Usman, Susanti (Unknown)



Article Info

Publish Date
20 Apr 2026

Abstract

Company value is an investor’s assessment of a company’s success. The value of a company is very important because it reflects the firm’s health, performance, and future prospects in the eyes of various parties, such as investors and management. This study aims to analyze the Investment Opportunity Set, earnings growth, company size, and profitability as determinants of Company Value, as well as to identify the variables that have the greatest influence on Company Value in healthcare sector companies listed on the Indonesia Stock Exchange for the 2020–2024 period. This research employs a quantitative approach using secondary data obtained from the www.idx.com website and company websites over a five-year period (2020–2024). The total population of this study is 34 companies, and after the purposive sampling stage, a sample of 12 companies was obtained, yielding a total of 60 observations. The analysis method used in this study is panel data regression, processed using EViews version 13. The results indicate that the Investment Opportunity Set, earnings growth, and profitability are determinants of Company Value. Meanwhile, company size is not a determinant of Company Value, and the most influential variable is profitability in healthcare sector companies listed on the Indonesia Stock Exchange for the 2020–2024 period

Copyrights © 2026






Journal Info

Abbrev

jrssem

Publisher

Subject

Environmental Science

Description

The Journal Research of Social Science, Economics, and Management is a double-blind peer-reviewed academic journal and has open access to social and scientific fields. The journal is published monthly once by CV. Publikasi Indonesia. The Journal Research of Social Science, Economics, and Management ...