THE INFLUENCE OF FINANCIAL PERFORMANCE ON FIRM VALUE IN THE TECHNOLOGY SECTOR LISTED ON THE INDONESIA STOCK EXCHANGE
Keywords:
Firm Value, Likuiditas, Profitaiblitas, Leverage, Efisiensi
Abstract
This study aims to analyze the influence of financial indicators, including liquidity, profitability, leverage, and efficiency, on firm value in the technology sector listed on the Indonesia Stock Exchange (IDX). The main issue addressed is the discrepancy between financial performance and market value, as reflected by the Price to Book Value (PBV) ratio. Using a quantitative approach with multiple linear regression analysis, the study processes financial report data from 10 technology companies over the 2021–2024 period. The findings reveal that, partially, only profitability (ROA) has a significant effect on firm value, while liquidity (CR), leverage (DER), and efficiency (TATO) do not show significant effects. However, collectively, these four variables have a significant influence on firm value. This study offers insights for investors in evaluating the performance of technology companies in the Indonesian capital market.References
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Arifin, A., & Fitriana, M. F. (2022). Pengaruh Profitabilitas, Likuiditas, dan Leverage Terhadap Nilai Perusahaan dengan Kebijakan Dividen sebagai Variabel Moderasi (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia tahun 2018-2020). Prosiding Hubisintek, 2(1), 20.
Markonah, M., Salim, A., & Franciska, J. (2020). Effect of Profitability, Leverage, and Liquidity To the Firm Value. Dinasti International Journal of Economics, Finance & Accounting, 1(1), 83–94. https://doi.org/10.38035/dijefa.v1i1.225
Peng, Y.-T., Zhang, J.-Y., & Chang, J. S. (2021). Exploring the Relevance of Intangible Assets and Capital Structure. International Journal of Trade, Economics and Finance, 12(6), 144–148. https://doi.org/10.18178/ijtef.2021.12.6.709
Setyowati, R., & Lestari, W. D. (2024). The Influence of Capital Structure and Firm Size on Financial Performance. 1(2), 905–922. https://doi.org/10.2991/978-94-6463-204-0_75
Sitanggang, G. P. P. P., Aminah, W., Telkom, U., Barat, J., Perusahaan, N., & Perusahaan, E. K. (2023). JURNAL EKONOMI. 6(1), 43–55.
Arifin, A., & Fitriana, M. F. (2022). Pengaruh Profitabilitas, Likuiditas, dan Leverage Terhadap Nilai Perusahaan dengan Kebijakan Dividen sebagai Variabel Moderasi (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia tahun 2018-2020). Prosiding Hubisintek, 2(1), 20.
Markonah, M., Salim, A., & Franciska, J. (2020). Effect of Profitability, Leverage, and Liquidity To the Firm Value. Dinasti International Journal of Economics, Finance & Accounting, 1(1), 83–94. https://doi.org/10.38035/dijefa.v1i1.225
Peng, Y.-T., Zhang, J.-Y., & Chang, J. S. (2021). Exploring the Relevance of Intangible Assets and Capital Structure. International Journal of Trade, Economics and Finance, 12(6), 144–148. https://doi.org/10.18178/ijtef.2021.12.6.709
Setyowati, R., & Lestari, W. D. (2024). The Influence of Capital Structure and Firm Size on Financial Performance. 1(2), 905–922. https://doi.org/10.2991/978-94-6463-204-0_75
Sitanggang, G. P. P. P., Aminah, W., Telkom, U., Barat, J., Perusahaan, N., & Perusahaan, E. K. (2023). JURNAL EKONOMI. 6(1), 43–55.
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