The Effect Of Leverage, Profitability, And Growth Opportunity On Company Value

Authors

  • Dea Amelisa Universitas Islam Negeri Raden Intan Lampung
  • Nurlaili Universitas Islam Negeri Raden Intan Lampung
  • Anas Malik Universitas Islam Negeri Raden Intan Lampung

DOI:

https://doi.org/10.21111/ibmj.v8i2.15609

Keywords:

leverage, profitability, and growth opportunity, JII

Abstract

This study analyzes the effects of leverage, profitability, and growth opportunities on firm value among manufacturing companies listed on the Jakarta Islamic Index (JII) for the period 2020–2024. The sample comprises seven companies selected through purposive sampling, with secondary data drawn from annual financial reports. The analysis was conducted using multiple linear regression, along with classical assumption tests (t-tests and F-tests) and Adjusted R². The results show that leverage has a significant negative effect. In contrast, profitability and growth opportunity have a considerable positive impact on company value, and the independent variables of Leverage, Profitability, and Growth Opportunity simultaneously have a significant effect on company value.    

References

Agus R. Sartono. (2009). Manajemen Keuangan: Teori dan Aplikasi (edisi ke-4). BPFE.

Agus Tri Basuki. (2021). ANALISIS DATA PANEL DALAM PENELITIAN EKONOMI DAN BISNIS (DILENGKAPI DENGAN PENGGUNAAN EVIEWS).

Alam Wiku Dananjaya, & Imron Rosyadi. (2025). Pengaruh Profitabilitas, Likuiditas, Leverage Dan Kebijakan Dividen Terhadap Nilai Perusahaan Saham Syariah Terdaftar Di Jakarta Islamic Index (Jii) Periode 2020-2023. Jurnal Lentera Bisnis, 14(2), 946–961. https://doi.org/10.34127/jrlab.v14i2.1444

Burhanuddin. (2022). Effect of Capital Structure and Growth Opportunity on Firm Value ( Case Study on Manufacturing Companies on the Stock Exchange Indonesian Securities ). International Journal of Health, Economics, and Social Sciences, 4(2), 129–139.

Fahmi, I. (2013). Analisis Laporan Keuangan. Alfabeta.

Fauziah, S., Eliza, A., & Sisdianto, E. (2022). The Effect of Intellectual Capital on Firm Value with Profitability as Intervening Variable : Study on Manufacturing Companies Registered at ISSI. Annual International Conference on Islamic Economics and Business (AICIEB), 2(1), 244–255.

Fuhrotun, I. (2025). Jurnal Keuangan dan Manajemen Terapan. Jurnal Keuangan Dan Manajemen Terapan, 6(1).

Hazaeri, A., Santoso, B., Ekonomi, F., & Mataram, U. (2022). PENGARUH PROFITABILITAS DAN GROWTH OPPORTUNITY TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR PROPERTY , REAL ESTATE & BUILDING CONSTRUCTION YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2020-2022 Penelitian ini bertujuan untuk menganalisis pengaruh Pengaruh Profitabilitas Dan Growth Opportunity Terhadap The purpose of this study was to exsmine The Effect Of Profitability And Growth Opportunity On Firm Value In Property And Real Estate Companies At Indonesia Stock Exchange In 2020-2022 . This research is a quantitative. 36–46.

Linawaty, L., & Ekadjaja, A. (2017). Analisis pengaruh leverage terhadap nilai perusahaan dengan kepemilikan manajerial dan arus kas bebas sebagai variabel pemoderasi. Jurnal Ekonomi, 22(1), 164–176. https://doi.org/10.24912/je.v22i1.189

Nadhifah, I. F. (2023). Pengaruh Capital Intensity, Profitabilitas, Dan Inventory Intensity Terhadap Agresivitas Pajak. Jurnal Ilmiah Akuntansi Dan Keuangan (JIAKu), 2(2), 178–191. https://doi.org/10.24034/jiaku.v2i2.5951

Oktaviani, D. (2024). The Effect of Profitability , Company Size and Leverage on Company Value. https://doi.org/10.37641/jiakes.v12i2.2504

Pratiwi, A., & Muthohar, A. M. (2021). Pengaruh growth opportunity, likuiditas, dan leverage terhadap nilai perusahaan dengan profitabilitas sebagai variabel intervening. Journal of Accounting and Digital Finance, 1(3), 163–180. https://doi.org/10.53088/jadfi.v1i3.175

R. Edward Freeman. (1984). Strategic Management: A Stakeholder Approach. Pitman Publishing.

Setiyowati, S. W., Naser, J. A., & Astuti, R. (2020). Leverage dan growth opportunity mempengaruhi nilai perusahaan melalui profitabilitas. Jurnal Ekonomi Modernisasi, 16(1), 31–40. https://doi.org/10.21067/jem.v16i1.4513

Sisdianto, E., Ramdani, R. F., & Fitri, A. (2019). Pengaruh discretionary accrual terhadap earnings management : Studi pada perusahaan otomotif yang terdaftar di bursa efek indonesia periode 2012 – 2016 ( The effect of discretionary accrual on earnings management : Study on automotive companies listed in Indonesia stock exchange in 2012-2016 ). 1(1), 27–38.

Sutrisno. (2009). Manajemen Keuangan: Teori, Konsep & Aplikasi (Edisi Pert). Ekonisia.

Weston, J. F., & Copeland, T. E. (2010). anagerial Finance. Dryden Press. Dryden Press.

Wijaya, H., Tania, D. R., & Cahyadi, H. (2018). FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN. Jurnal Bina Akuntansi, 8(2), 109–121.

Downloads

Published

2025-12-30

How to Cite

Dea Amelisa, Nurlaili, & Anas Malik. (2025). The Effect Of Leverage, Profitability, And Growth Opportunity On Company Value. Islamic Business and Management Journal, 8(2), 245–255. https://doi.org/10.21111/ibmj.v8i2.15609