The influence of profitability towards firm value

Winnata, Chynthia Angga (2025) The influence of profitability towards firm value. Bachelor thesis, Universitas Pelita Harapan.

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Abstract

This study aims to examine the effect of profitability on firm value in mining sector companies listed on the Indonesia Stock Exchange (IDX) during the 2019-2023 period. Profitability serves as the independent variable, while firm value is the dependent variable. The study also incorporates control variables, including leverage, liquidity, company size, and solvency, to provide a more comprehensive analysis. The research utilizes secondary data obtained from the financial statements of 46 mining companies consistently listed on the IDX, with a total of 230 observations. The purposive sampling technique is employed to select companies that meet the criteria of being consistently registered and publishing complete financial reports throughout the study period. Data processing and analysis are conducted using the SPSS 25 application to perform multiple regression analysis. The findings of the study reveal that profitability has a significant and positive influence on firm value, highlighting its importance as a key driver of investor perceptions and firm valuation in the mining sector. This underscores the critical role of financial performance in enhancing shareholder wealth. By incorporating control variables, the study offers a nuanced understanding of the determinants of firm value, providing valuable insights for investors, policymakers, and corporate managers./ Penelitian ini bertujuan untuk menguji pengaruh profitabilitas terhadap nilai perusahaan pada perusahaan sektor pertambangan yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2019-2023. Profitabilitas berperan sebagai variabel independen, sedangkan nilai perusahaan menjadi variabel dependen. Penelitian ini juga memasukkan variabel kontrol, meliputi leverage, likuiditas, ukuran perusahaan, dan solvabilitas, untuk memberikan analisis yang lebih komprehensif. Penelitian ini memanfaatkan data sekunder yang diperoleh dari laporan keuangan 46 perusahaan pertambangan yang secara konsisten terdaftar di BEI, dengan total 230 observasi. Teknik purposive sampling digunakan untuk memilih perusahaan yang memenuhi kriteria terdaftar secara konsisten dan menerbitkan laporan keuangan lengkap selama periode penelitian. Pengolahan dan analisis data dilakukan dengan menggunakan aplikasi SPSS 25 untuk melakukan analisis regresi berganda. Hasil penelitian ini mengungkapkan bahwa profitabilitas memiliki pengaruh yang signifikan dan positif terhadap nilai perusahaan, menyoroti pentingnya profitabilitas sebagai pendorong utama persepsi investor dan penilaian perusahaan di sektor pertambangan. Hal ini menggarisbawahi peran penting kinerja keuangan dalam meningkatkan kekayaan pemegang saham. Dengan menggabungkan variabel kontrol, studi ini menawarkan pemahaman bernuansa tentang faktor penentu nilai perusahaan, memberikan wawasan berharga bagi investor, pembuat kebijakan, dan manajer perusahaan.
Item Type: Thesis (Bachelor)
Creators:
Creators
NIM
Email
ORCID
Winnata, Chynthia Angga
NIM03012200039
chynthiaangga@gmail.com
UNSPECIFIED
Contributors:
Contribution
Contributors
NIDN/NIDK
Email
Thesis advisor
Meilani, Meilani
NIDN0112028504
meilani.fe@lecturer.uph.edu
Uncontrolled Keywords: Profitability; firm value; mining company; ordinary least square
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: University Subject > Current > Faculty/School - UPH Medan > Business School > Accounting
Current > Faculty/School - UPH Medan > Business School > Accounting
Depositing User: Chynthia Angga Winnata
Date Deposited: 14 Apr 2025 02:56
Last Modified: 14 Apr 2025 02:56
URI: http://repository.uph.edu/id/eprint/68080

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