Aptisi Transactions on Technopreneurship (ATT)
Vol 8 No 3 (2026): November

Determinants of Corporate Value in Several Industrial Sectors in Indonesia

Rilla Gantino (Universitas Esa Unggul)
Agung Mulyo Widodo (Universitas Esa Unggul)
Endang Ruswanti (Universitas Esa Unggul)
Lukman Cahyadi (Universitas Esa Unggul)
Desy Prastyani (Universitas Esa Unggul)



Article Info

Publish Date
30 Aug 2026

Abstract

The value of companies engaged in various fields is influenced by many factors, therefore this study aims to determine the influence of profitability, activities, solvency, liquidity, company size, business strategy and intellectual capital on the value of companies listed in the Non Consumer Cyclical, Consumer Cyclical, Property & Real Estate, Transportation & Logistics sectors and the Healthcare sector listed on the IDX for the 2017-2022 period. This research is an explanatory research with a quantitative approach. Sample selection using purposive sampling The results of this study are that profitability has a significant positive effect on the Non Consumer Cyclical and Consumer Cyclical sectors, but in the Transportation & Logistics sector it has a negative effect while in the other 2 sectors it has a negative effect on the other 2 sectors. Activity had a negative effect on the Consumer Cyclical and Property & Real Estate sectors, while other sectors had a negative impact. Solvency has a significant positive effect only on the Non Consumer Cyclical and Consumer Cyclical sectors, but in the Transportation & Logistics sector the effect is not significant, while in the Property and Real Estate and Healthcare sectors it has a negative effect. The value of the company is not affected by Liquidity in all industrial sectors. The company's growth had a positive and significant effect on the Property & Logistics sector and the Transportation & Logistics sector, but in the Non-Consumer Cyclical sector it had a negative effect and on the other 2 sectors it had a insignificant effect. Business strategy has a negative effect on the Non Consumer Cyclical and Healthcare sectors, while the other 3 sectors have a negative effect. Furthermore, intellectual capital has a significant positive effect only on the Non-Consumer Cyclical sector and the Transportation & Logistics Sector and has a significant positive effect on the other 3 sectors.

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Journal Info

Abbrev

att

Publisher

Subject

Humanities Computer Science & IT Economics, Econometrics & Finance Education Social Sciences

Description

APTISI Transactions on Technopreneurship (ATT) is an international triannual open access scientific journal published by  Pandawan Sejahtera Indonesia. ATT publishes original scientific researchers from scholars and experts around the world with novelty based on the theoretical, experimental, ...