PENGARUH KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR TEKSTIL DAN GARMENT YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2020-2023

Yohana Jufani Silalahi (Universitas Jambi)
Enggar Diah Puspa Arum (Universitas Jambi)
Salman Jumaili (Universitas Jambi)

Daya Saing : Jurnal Ilmu Manajemen
Vol. 11 No. 3 (2025): Transformasi Manajemen, Kepemimpinan, dan Pemasaran Digital di Era Ekonomi Mod

This study aims to determine the extent to which financial performance affects firm value in manufacturing companies in the textile and garment subsector listed on the Indonesia Stock Exchange (IDX) for the 2020–2023 period. Financial performance is measured using liquidity, profitability, and solvency ratios, while firm value is proxied by the Price to Book Value (PBV). This research employs a quantitative method using secondary data obtained from the companies’ annual financial statements. The data were analyzed using multiple linear regression with the assistance of the SPSS program. The results indicate that simultaneously, liquidity, profitability, and solvency have a positive and significant effect on firm value. Partially, liquidity and solvency have a positive and significant effect on firm value, while profitability has a negative and insignificant effect. These findings suggest that the ability of companies to manage liquidity and solvency plays an important role in increasing investor confidence, while profitability does not have a significant impact on improving firm value.