DETERMINASI NILAI PERUSAHAAN: PERAN PROFITABILITAS, LEVERAGE, DAN FREE CASH FLOW PADA PERUSAHAAN JAKARTA ISLAMIC INDEX PERIODE 2021–2024

Authors

  • Maureen Marcia Marvin Universitas Katolik Musi Charitas
  • Anastasia Sri Mendari Universitas Katolik Musi Charitas

DOI:

https://doi.org/10.32524/jkb.v24i1.1976

Keywords:

Profitability, ; Leverage, Free Cash Flow, Company Value

Abstract

Purpose : This study aims to test and analyze the influence of profitability leverage and free cash flow on company value at Jakarta Islamic Index within a defined research period

Design Methodology Approach : A quantitative approach was applied using secondary data The population consists of companies registered as constituents in the Jakarta Islamic Index The sampling technique employed was purposive sampling resulting in selected companies and corresponding observations Data processing was conducted using multiple linear regression analysis with SPSS

Findings : Profitability shows a positive effect on company value in the Jakarta Islamic Index leverage also shows a positive effect on company value In contrast free cash flow does not exhibit a significant effect on company value

Practical Implications : Financial strategies and decision making processes in sharia compliant companies can be strengthened through the use of fundamental financial information

Originality Value : A more contextual understanding is provided regarding fundamental determinants of company value under dynamic economic conditions while contributing to the literature on company valuation within firms applying specific financial screening criteria

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Published

2026-03-31

How to Cite

Marvin, M. M. ., & Mendari, A. S. . (2026). DETERMINASI NILAI PERUSAHAAN: PERAN PROFITABILITAS, LEVERAGE, DAN FREE CASH FLOW PADA PERUSAHAAN JAKARTA ISLAMIC INDEX PERIODE 2021–2024. Jurnal Keuangan Dan Bisnis, 24(1), 36-47. https://doi.org/10.32524/jkb.v24i1.1976

Issue

Vol. 24 No. 1 (2026): Jurnal Keuangan Dan Bisnis Volume 24, Number 1, Maret 2026

Section

Research Articles

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Copyright (c) 2026 Maureen Marcia Marvin, Anastasia Sri Mendari

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