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NILAI PERUSAHAAN: PENGARUH PROFITABILITAS, LIKUIDITAS, AKTIVITAS, LEVERAGE, KEBIJAKAN DIVIDEN, DAN KEPUTUSAN INVESTASI PADA SEKTOR PERTAMBANGAN

Management Dynamics Conference 8 · Vol. 8 No. 1 (2023) · pp. 698–719

Published
2023-06-22
Publisher
FPJM
Language
en

Abstract

Firm value is a reflection of the performance of a company that is able to influence investor perceptions. A high company value means that the level of welfare of its shareholders is also high. This study aims to examine the effect of profitability, liquidity, activity, leverage, dividend policy, and investment decisions on firm value. The population of this research is the mining sector listed on the Indonesia Stock Exchange for the period 2017-2021 with a total of 66 companies, while the sample is 12 companies using purposive sampling technique, so the number of observations was 60 data. The data analysis method used data panel regression analysis with an analytical tool in the form of Eviews 10. The results of this study indicate that profitability (ROA) and dividend policy (DPR) have a positive and significant effect on firm value (PBV). Meanwhile, liquidity (CR) and investment decisions (TANG) have a negative and insignificant effect on firm value, and firm activity (TATO) and leverage (DER) have a positive and insignificant effect on firm value Nilai perusahaan merupakan cerminan dari kinerja suatu perusahaan yang mampu mempengaruhi persepsi investor. Nilai perusahaan yang tinggi berarti tingkat kesejahteraan pemegang sahamnya juga tinggi. Penelitian ini bertujuan untuk menguji pengaruh profitabilitas, likuiditas, aktivitas, leverage, kebijakan dividen, dan keputusan investasi terhadap nilai perusahaan. Populasi penelitian ini adalah sektor pertambangan yang terdaftar di Bursa Efek Indonesia periode 2017-2021 dengan jumlah sebanyak 66 perusahaan, sedangkan sampel sebanyak 12 perusahaan dengan menggunakan teknik purposive sampling, sehingga jumlah observasi sebanyak 60 data. Metode analisis data menggunakan analisis regresi data panel dengan alat analisis berupa Eviews 10. Hasil penelitian ini menunjukkan bahwa profitabilitas (ROA) dan kebijakan dividen (DPR) berpengaruh positif dan signifikan terhadap nilai perusahaan (PBV). Sedangkan likuiditas (CR) dan keputusan investasi (TANG) berpengaruh negatif dan tidak signifikan terhadap nilai perusahaan, dan aktivitas perusahaan (TATO) dan leverage (DER) berpengaruh positif dan tidak signifikan terhadap nilai perusahaan.

Keywords

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29 authors · 63 co-authorship links

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Co-authorOrganisationJoint articles
Syam WidiaAffiliation unknown2
Farid AhmadiAffiliation unknown2
Vitradesie NoekentAffiliation unknown1
Ervina Dwi SeptianiAffiliation unknown1
Erisa Aprilia WicaksariAffiliation unknown1
Duhita Driyah SupraptiAffiliation unknown1
Nurul FibriantiAffiliation unknown1
Isnani IsnaniAffiliation unknown1
Niken Diah ParamitaAffiliation unknown1
Windiahsari WindiahsariAffiliation unknown1
Muhammad Anri Dwi WinantoAffiliation unknown1
Sucihatiningsih Dian Wisika PrajantiAffiliation unknown1
Catur PrabowoAffiliation unknown1
Fakhruddin FakhruddinAffiliation unknown1
Taat PrasetyoAffiliation unknown1
Endah Prapti LestariAffiliation unknown1
Nanang Dwi PraatmanaAffiliation unknown1
Kartika Dwi Chandra SariAffiliation unknown1
AthoillahAffiliation unknown1
Fafurida FafuridaAffiliation unknown1
Rini Setyo WitiastutiAffiliation unknown1
Sugeng HaryantoAffiliation unknown1
Eko AristantoAffiliation unknown1
Muhammad Umar AriefudinAffiliation unknown1
Yanuar BachtiarAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.unhas.ac.id/index.php/madic8/oai, first harvested 2 Nov 2026, last seen 2 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en">NILAI PERUSAHAAN: PENGARUH PROFITABILITAS, LIKUIDITAS, AKTIVITAS, LEVERAGE, KEBIJAKAN DIVIDEN, DAN KEPUTUSAN INVESTASI PADA SEKTOR PERTAMBANGAN</dc:title>
	<dc:creator xml:lang="en">Ridloah, Siti </dc:creator>
	<dc:creator xml:lang="en">Widodo, Gavida Novi</dc:creator>
	<dc:creator xml:lang="en">Cahyaningdyah, Dwi</dc:creator>
	<dc:creator xml:lang="en">Ardiansari, Anindya</dc:creator>
	<dc:subject xml:lang="en">Nilai perusahaan</dc:subject>
	<dc:subject xml:lang="en">rasio keuangan</dc:subject>
	<dc:subject xml:lang="en">kebijakan deviden</dc:subject>
	<dc:subject xml:lang="en">keputusan investasi</dc:subject>
	<dc:subject xml:lang="en">Firm value</dc:subject>
	<dc:subject xml:lang="en">financial ratio</dc:subject>
	<dc:subject xml:lang="en">dividend policy</dc:subject>
	<dc:subject xml:lang="en">investment decision</dc:subject>
	<dc:description xml:lang="en">Firm value is a reflection of the performance of a company that is able to influence investor perceptions. A high company value means that the level of welfare of its shareholders is also high. This study aims to examine the effect of profitability, liquidity, activity, leverage, dividend policy, and investment decisions on firm value. The population of this research is the mining sector listed on the Indonesia Stock Exchange for the period 2017-2021 with a total of 66 companies, while the sample is 12 companies using purposive sampling technique, so the number of observations was 60 data. The data analysis method used data panel regression analysis with an analytical tool in the form of Eviews 10. The results of this study indicate that profitability (ROA) and dividend policy (DPR) have a positive and significant effect on firm value (PBV). Meanwhile, liquidity (CR) and investment decisions (TANG) have a negative and insignificant effect on firm value, and firm activity (TATO) and leverage (DER) have a positive and insignificant effect on firm value
Nilai perusahaan merupakan cerminan dari kinerja suatu perusahaan yang mampu mempengaruhi persepsi investor. Nilai perusahaan yang tinggi berarti tingkat kesejahteraan pemegang sahamnya juga tinggi. Penelitian ini bertujuan untuk menguji pengaruh profitabilitas, likuiditas, aktivitas, leverage, kebijakan dividen, dan keputusan investasi terhadap nilai perusahaan. Populasi penelitian ini adalah sektor pertambangan yang terdaftar di Bursa Efek Indonesia periode 2017-2021 dengan jumlah sebanyak 66 perusahaan, sedangkan sampel sebanyak 12 perusahaan dengan menggunakan teknik purposive sampling, sehingga jumlah observasi sebanyak 60 data. Metode analisis data menggunakan analisis regresi data panel dengan alat analisis berupa Eviews 10. Hasil penelitian ini menunjukkan bahwa profitabilitas (ROA) dan kebijakan dividen (DPR) berpengaruh positif dan signifikan terhadap nilai perusahaan (PBV). Sedangkan likuiditas (CR) dan keputusan investasi (TANG) berpengaruh negatif dan tidak signifikan terhadap nilai perusahaan, dan aktivitas perusahaan (TATO) dan leverage (DER) berpengaruh positif dan tidak signifikan terhadap nilai perusahaan.</dc:description>
	<dc:publisher xml:lang="en">FPJM</dc:publisher>
	<dc:date>2023-06-22</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unhas.ac.id/index.php/madic8/article/view/25953</dc:identifier>
	<dc:source xml:lang="en">Management Dynamics Conference 8; Vol. 8 No. 1 (2023): MADIC ; 698-719</dc:source>
	<dc:language>en</dc:language>
	<dc:relation>https://journal.unhas.ac.id/index.php/madic8/article/view/25953/10015</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2023 Management Dynamics Conference 8</dc:rights>
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