The Influence of Good Corporate Governance, Risk, Profitability, Capitalization, Leverage, and Liquidity on Company Value in the Banking Industry Sector Listed on the Indonesia Stock Exchange in 2022-2025

Vivi Nandalita (Universitas Stikubank, Semarang, Indonesia.)
Elen Puspitasari (Universitas Stikubank, Semarang, Indonesia.)

Dinasti International Journal of Economics, Finance & Accounting (DIJEFA)
Vol. 7 No. 3 (2026): Dinasti International Journal of Economics, Finance & Accounting (July - August

This study examines the effect of Good Corporate Governance (GCG), risk, profitability, capital adequacy, leverage, and liquidity on firm value in banking companies listed on the Indonesia Stock Exchange during 2022–2025. Firm value is measured using Price to Book Value (PBV), while GCG, risk, profitability, capital adequacy, leverage, and liquidity are proxied by CGPI, NPL, ROA, CAR, DAR, and LDR, respectively. This quantitative study uses secondary data from annual reports, with samples selected through purposive sampling. The data were analyzed using multiple linear regression with SPSS. The results show that profitability, capital adequacy, and leverage have a positive and significant effect on firm value, whereas GCG, risk, and liquidity have no significant effect. These findings indicate that investors place greater emphasis on profitability, capital strength, and debt management in assessing firm value.