The influence of investment decisions and stock prices on company value with profitability as a moderating variable
This study aims to analyze the effect of investment decisions and stock prices on the company value in the infrastructure sector, moderated by profitability. The study uses multiple linear regression to examine the relationships between variables, with secondary data obtained from the financial stat...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Indonesian Institute for Counseling, Education and Therapy (IICET)
2024-12-01
|
| Series: | JPPI (Jurnal Penelitian Pendidikan Indonesia) |
| Subjects: | |
| Online Access: | https://jurnal.iicet.org/index.php/jppi/article/view/4651 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832584522097491968 |
|---|---|
| author | Muhammad Rais Arifin Agus Munandar |
| author_facet | Muhammad Rais Arifin Agus Munandar |
| author_sort | Muhammad Rais Arifin |
| collection | DOAJ |
| description | This study aims to analyze the effect of investment decisions and stock prices on the company value in the infrastructure sector, moderated by profitability. The study uses multiple linear regression to examine the relationships between variables, with secondary data obtained from the financial statements of infrastructure companies listed on the Indonesia Stock Exchange (IDX) for the period of 2018-2021. The independent variables used in this study are investment decisions, measured by the Price Earnings Ratio (PER), stock price, measured by closing share price, and profitability, measured by Return on Equity (ROE). The dependent variable is company value, measured by Price to Book Value (PBV). The results of the study show that investment decisions and stock prices have a positive and significant effect on company value. However, profitability does not moderate the relationship between investment decisions and stock prices on company value. The implications of this study’s findings suggest that infrastructure companies should pay attention to investment decisions and strategies that can influence stock prices, as both have a significant impact on increasing company value. Additionally, although profitability does not moderate the relationship, companies should still maintain profitable performance to ensure the sustainability of healthy operations. |
| format | Article |
| id | doaj-art-64d193fdd71c4633ab64ae711e2b7ec0 |
| institution | Kabale University |
| issn | 2477-8524 2502-8103 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Indonesian Institute for Counseling, Education and Therapy (IICET) |
| record_format | Article |
| series | JPPI (Jurnal Penelitian Pendidikan Indonesia) |
| spelling | doaj-art-64d193fdd71c4633ab64ae711e2b7ec02025-01-27T12:46:15ZengIndonesian Institute for Counseling, Education and Therapy (IICET)JPPI (Jurnal Penelitian Pendidikan Indonesia)2477-85242502-81032024-12-0110483785210.29210/0202446512516The influence of investment decisions and stock prices on company value with profitability as a moderating variableMuhammad Rais Arifin0Agus Munandar1Universitas Esa UnggulUniversitas Esa UnggulThis study aims to analyze the effect of investment decisions and stock prices on the company value in the infrastructure sector, moderated by profitability. The study uses multiple linear regression to examine the relationships between variables, with secondary data obtained from the financial statements of infrastructure companies listed on the Indonesia Stock Exchange (IDX) for the period of 2018-2021. The independent variables used in this study are investment decisions, measured by the Price Earnings Ratio (PER), stock price, measured by closing share price, and profitability, measured by Return on Equity (ROE). The dependent variable is company value, measured by Price to Book Value (PBV). The results of the study show that investment decisions and stock prices have a positive and significant effect on company value. However, profitability does not moderate the relationship between investment decisions and stock prices on company value. The implications of this study’s findings suggest that infrastructure companies should pay attention to investment decisions and strategies that can influence stock prices, as both have a significant impact on increasing company value. Additionally, although profitability does not moderate the relationship, companies should still maintain profitable performance to ensure the sustainability of healthy operations.https://jurnal.iicet.org/index.php/jppi/article/view/4651investment decisions, stock prices, profitability, firm value, infrastructure. |
| spellingShingle | Muhammad Rais Arifin Agus Munandar The influence of investment decisions and stock prices on company value with profitability as a moderating variable JPPI (Jurnal Penelitian Pendidikan Indonesia) investment decisions, stock prices, profitability, firm value, infrastructure. |
| title | The influence of investment decisions and stock prices on company value with profitability as a moderating variable |
| title_full | The influence of investment decisions and stock prices on company value with profitability as a moderating variable |
| title_fullStr | The influence of investment decisions and stock prices on company value with profitability as a moderating variable |
| title_full_unstemmed | The influence of investment decisions and stock prices on company value with profitability as a moderating variable |
| title_short | The influence of investment decisions and stock prices on company value with profitability as a moderating variable |
| title_sort | influence of investment decisions and stock prices on company value with profitability as a moderating variable |
| topic | investment decisions, stock prices, profitability, firm value, infrastructure. |
| url | https://jurnal.iicet.org/index.php/jppi/article/view/4651 |
| work_keys_str_mv | AT muhammadraisarifin theinfluenceofinvestmentdecisionsandstockpricesoncompanyvaluewithprofitabilityasamoderatingvariable AT agusmunandar theinfluenceofinvestmentdecisionsandstockpricesoncompanyvaluewithprofitabilityasamoderatingvariable AT muhammadraisarifin influenceofinvestmentdecisionsandstockpricesoncompanyvaluewithprofitabilityasamoderatingvariable AT agusmunandar influenceofinvestmentdecisionsandstockpricesoncompanyvaluewithprofitabilityasamoderatingvariable |