Student Journal of Business and Management (SJBM)
Vol. 9 No. 1 (2026)

Pengaruh Kinerja Keuangan (Profitabilitas), Likuiditas, dan Leverage terhadap Nilai Perusahaan pada Perusahaan Pertambangan yang Terdaftar di BEI Tahun 2020-2024

Lestari, Ani (Unknown)
Trinanda, Reva (Unknown)
Zafira, Carolyn Manca (Unknown)
Agusta, Farel Syauqi (Unknown)
Prasetyo, Raihan Hari (Unknown)
Ramadhan, Ersha Agung (Unknown)



Article Info

Publish Date
15 Apr 2026

Abstract

This study aims to analyze the effect of financial performance proxied by profitability, liquidity, and leverage on firm value in mining companies listed on the Indonesia Stock Exchange during the 2020–2024 period. This study employed a quantitative approach with an associative research design. The sample was selected using purposive sampling, resulting in 10 mining companies with a total of 50 observations. The data used were secondary data obtained from annual financial statements and stock price data. The data were analyzed using multiple linear regression with the assistance of SPSS. The results show that profitability has a positive and significant effect on firm value, while liquidity and leverage do not have a significant effect on firm value. Simultaneously, profitability, liquidity, and leverage have a significant effect on firm value. These findings indicate that investors in the mining sector place greater emphasis on the company’s ability to generate profits rather than on liquidity conditions and capital structure.

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Journal Info

Abbrev

sjbm

Publisher

Subject

Economics, Econometrics & Finance

Description

Student Journal of Business and Management (SJBM) e-ISSN : 3026-6165 is an open access journal that publishes the results of writing scientific papers, as a forum for research publications and academic review results in the field of Management and Business. Editors invite writers and experts to ...