PENGARUH KINERJA KEUANGAN DAN KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN

Abstract

This research was due to the importance of understanding the influence of financial performance and investment decisions on firm value. Therefore, it aimed to describe related factors that affected firm value in the context of Indonesia's Capital Market. Moreover, the financial ratio was measured by Return On Asset (ROA) for profitability, Current Ratio (CR) for liquidity, Debt to Equity Ratio (DER) for solvability, and Price Earnings Ratio (PER) for investment decision and also Price to Book Value (PBV) for firm value. The research was quantitative. Furthermore, the population was mining companies listed on the Indonesia Stock Exchange (IDX) during 2019-2023. The data collection technique used purposive sampling. In line with that, there were 11 companies as the sample with 55 observation data. Additionally, the data analysis technique used multiple linear regression with the SPSS 26 version. The descriptive statistics analysis showed that the whole data was normally distributed and fulfilled the regressions test requirement. In addition, the hypothesis test result showed that profitability (ROA), solvability (DER), and investment decision (PER) had a positive effect on firm value. However, liquidity (CR) did not affect but had a negative effect on firm value.