The Influence Of Capital Structure, Company Size, And Profitability On Company Value (A Study On Financial Sector Companies Listed On The Indonesia Stock Exchange, 2023-2025)

Sardianti Merna
Endarwati

JURNAL MANAJEMEN MOTIVASI
Vol 22 No 2 (2026): Jurnal Manajemen Motivasi

This study addresses inconsistent findings by examining the effects of capital structure, company size, and profitability on company value among financial-sector companies listed on the Indonesia Stock Exchange during 2023–2025. Using a quantitative associative design, annual financial statements from 25 purposively selected companies were analyzed through panel-data regression in EViews. The random-effects model shows that company size and profitability positively and significantly affect company value, whereas capital structure has no significant effect; jointly, the three variables significantly affect company value. These findings imply that managers and investors should prioritize asset management and profitability when enhancing or assessing company value. Keywords: Capital Structure; Company Size; Profitability; Company Value; Financial Sector; Indonesia Stock Exchange; Panel Data Regression.