The Impact of Investment Policy, Company Size, and Return on Assets (ROA) on the Company Value of Telecommunications Companies Listed on the Indonesia Stock Exchange (IDX) from 2019 to 2024

Lena Karlina (Universitas Cipasung Tasikmalaya)
Dhery Febiyani Lestari (Universitas Cipasung Tasikmalaya)

Jurnal Manajemen dan Profesional
Vol. 7 No. 2 (2026): Jurnal Jpro

This study aims to analyze the effects of investment policy, company size, and Return on Assets (ROA) on Company value in telecommunications companies listed on the Indonesia Stock Exchange during the 2019–2024 period. The study employs a quantitative method with an associative approach and uses secondary data in the form of corporate financial statements. Data analysis was conducted using multiple linear regression. The results indicate that investment policy has a negative and significant effect on company value, while company size and ROA have positive and significant effects. Simultaneously, all three variables influence company value. This study is limited to specific variables and sectors.