HOW PROFITABILITY, LIQUIDITY, CAPITAL STRUCTURE, AND FIRM SIZE INFLUENCE FIRM VALUE

Authors

  • Dimas Rafi Parama Putra Universitas Pembangunan Nasional Veteran Jawa Timur, Indonesia
  • Erna Sulistyowati Universitas Pembangunan Nasional Veteran Jawa Timur, Indonesia

DOI:

https://doi.org/10.15575/aksy.v8i2.55370

Keywords:

Capital Structure, Firm Size, Firm Value, Liquidity, Profitability

Abstract

This study examines the impact of profitability, capital structure, liquidity, and firm size on the firm value of real estate companies listed on the Indonesian stock exchange from 2020-2024. Driven by inconsistent prior findings across economic cycles, this research addresses a gap by analyzing financial determinants during the 2020-2024 interest rate fluctuations and shifting financing landscapes. A quantitative design was used with 90 panel observations from 18 companies, analyzed via EViews 14. Results show that profitability and capital structure have no significant impact, while liquidity and firm size have a strong negative impact. Simultaneously, independent variables influence firm value. These findings suggest that financial performance and financing policies interact to shape market appreciation, providing updated evidence on liquidity efficiency and asset utilization in the current economy. This study offers valuable insights for managers, investors, and regulators.

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Published

2026-07-30

How to Cite

Rafi Parama Putra, D., & Sulistyowati, E. (2026). HOW PROFITABILITY, LIQUIDITY, CAPITAL STRUCTURE, AND FIRM SIZE INFLUENCE FIRM VALUE. Jurnal Ilmu Akuntansi Dan Bisnis Syariah (AKSY), 8(2), 77–92. https://doi.org/10.15575/aksy.v8i2.55370

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Vol. 8 No. 2 (2026): Jurnal Ilmu Akuntansi dan Bisnis Syariah

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