Published: 2026-06-01
Analisis Bibliometrik Return on Assets dan Firm Value Berbasis Data Scopus 2020–2025
DOI: 10.35870/jemsi.v12i3.6563
Abstract
This study aims to map the development of literature on Return on Assets (ROA) and Firm Value during the period 2020–2025. ROA is considered a profitability indicator that reflects operational efficiency and serves as a signal for investors in assessing corporate prospects. The method employed is bibliometric analysis using VOSviewer software through a keyword co-occurrence approach based on Scopus data. The findings reveal a significant increase in publications, with ROA consistently occupying a central position in explaining Firm Value. Cluster analysis confirms that profitability, particularly ROA, is a fundamental node in the research ecosystem of corporate financial performance. These results strengthen the literature by emphasizing that Firm Value is inseparable from profitability, and ROA is the most relevant indicator to explain this relationship. This study contributes to the literature by highlighting the strong linkage between ROA and Firm Value across both developed and emerging markets. The practical implications suggest that companies should adopt ROA as a key reference in strategies to enhance firm value, while regulators are encouraged to improve financial reporting transparency to increase market trust in ROA.
Keywords
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.
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Issue: Vol. 12 No. 3 (2026)
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Section: Articles
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Published: 2026-06-01
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License: CC BY 4.0
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Copyright: © 2026 Authors
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DOI: 10.35870/jemsi.v12i3.6563
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Siti Rahmatan, Universitas Borneo Tarakan
Magister Ilmu Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Borneo Tarakan, Jl Amal Lama No. 1 Kelurahan Pantai Amal. Kecamatan Tarakan Timur, Kota Tarakan, Kalimantan Utara, Indonesia.
Muh. Irfandy Azis, Universitas Borneo Tarakan
Magister Ilmu Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Borneo Tarakan, Jl Amal Lama No. 1 Kelurahan Pantai Amal. Kecamatan Tarakan Timur, Kota Tarakan, Kalimantan Utara, Indonesia.
Mohamad Nur Utomo, Universitas Borneo Tarakan
Magister Ilmu Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Borneo Tarakan, Jl Amal Lama No. 1 Kelurahan Pantai Amal. Kecamatan Tarakan Timur, Kota Tarakan, Kalimantan Utara, Indonesia.
Irawati HM, Universitas Borneo Tarakan
Magister Ilmu Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Borneo Tarakan, Jl Amal Lama No. 1 Kelurahan Pantai Amal. Kecamatan Tarakan Timur, Kota Tarakan, Kalimantan Utara, Indonesia.
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