Published: 2026-04-01

Pengaruh Profitabilitas, Kebijakan Hutang, dan Kebijakan Deviden Terhadap Nilai Perusahaan Sektor Teknologi Yang Terdaftar di Bursa Efek Indonesia Periode 2021-2023

DOI: 10.35870/jemsi.v12i2.6271

Alda Rizqi Alfiyaturrahmah, Cahyani Nuswandari
  • Alda Rizqi Alfiyaturrahmah: Universitas Stikubank
  • Cahyani Nuswandari: Universitas Stikubank
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Abstract

This research examines how financial performance and corporate financial policies contribute to company value of technology firms listed on the Indonesia Stock Exchange during 2021-2023. This analysis focuses on profitability, leverage strategy, and payout approach as key factors influencing market valuation. Data sourced from yearly financial reports were examined through quantitative methods. A total of 69 companies were selected through a selective sampling process based on data availability and fiscal performance criteria. The observational study employs multiple linear regression to evaluate the connection between the variables. The findings indicate that higher profitability is associated with an increase in firm value, while greater reliance on debt tends to reduce market valuation. In contrast, payout approach demonstrates a favorable association with firm value, suggesting that dividend distribution is perceived as a positive signal by investors, Overallm the outcomes emphasize the relevance of financial decision-making in shaping investor perceptions and enterprise value within the technology sector.


 

Keywords

Profitability; Debt Policy; Dividend Policy; Firm Value

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How to Cite

Alfiyaturrahmah, A. R., & Nuswandari, C. (2026). Pengaruh Profitabilitas, Kebijakan Hutang, dan Kebijakan Deviden Terhadap Nilai Perusahaan Sektor Teknologi Yang Terdaftar di Bursa Efek Indonesia Periode 2021-2023. JEMSI (Jurnal Ekonomi, Manajemen, Dan Akuntansi), 12(2), 1542-1549. https://doi.org/10.35870/jemsi.v12i2.6271
Article Information

This article has been peer-reviewed and published in the JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi). The content is available under the terms of the Creative Commons Attribution 4.0 International License.

  • Issue: Vol. 12 No. 2 (2026)

  • Section: Articles

  • Published: 2026-04-01

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Author Biographies
Alda Rizqi Alfiyaturrahmah, Universitas Stikubank
Google Scholar ResearchGate ORCID

Akuntansi, Fakultas Ekonomika dan Bisnis, Universitas Stikubank, Jl Kendeng V, Kota Semarang, Jawa Tengah, Indonesia.

Cahyani Nuswandari, Universitas Stikubank
Google Scholar ResearchGate ORCID

Akuntansi, Fakultas Ekonomika dan Bisnis, Universitas Stikubank, Jl Kendeng V, Kota Semarang, Jawa Tengah, Indonesia.

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