Determinants of the Value of Technology Companies in Indonesia
DOI:
https://doi.org/10.57125/FS.2024.09.20.05Keywords:
company value, liquidity, profitability, capital structureAbstract
This study aimed to investigate the impact of liquidity, profitability, and company structure on stakeholders' perceptions of a company's value. The research involved quantitative analysis and focused on technology companies listed on the Indonesia Stock Exchange between 2020 and 2022. Financial data from these technology companies was used for analysis. Liquidity was measured using the Current Ratio, profitability was measured using Return on Assets, and capital structure was measured using the Debt to Equity Ratio. Company value was assessed using Price to Book Value. Data analysis was conducted using multiple linear regression analysis with SPSS software. The results showed that liquidity and profitability had no effect on company value, suggesting that stakeholders do not consider these factors when evaluating a company. However, capital structure had a significant positive impact on company value. This suggests that companies should consider using debt to improve operations and increase their value.References
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