The Effect of Institutional Ownership, Liquidity, and Profitability on Company Value Non-Cyclicals on IDX 2022-2024
Keywords:
institutional ownership, liquidity, profitability, company value, consumer non-cyclicalsAbstract
The purpose of this study is to investigate how institutional ownership, liquidity, and profitability affect the company value in the non-cyclical consumer sector that are listed on the Indonesia Stock Exchange between 2022 and 2024. Purposive sampling was used to pick the sample, and 48 companies make up the legitimate data set. Multiple regression analysis was used in the data analysis using Microsoft Excel and IBM SPSS (Statistical Product and Service Solutions) version 27. The findings show that the three independent variables had different effects. Liquidity has a negative and substantial impact on firm value, institutional ownership has a negative but negligible impact, and profitability has a positive and big impact. The study's conclusions indicate that while extremely high liquidity can reduce a company's value, profitability is the main factor that increases it. The study's conclusions are that while too high liquidity can lower firm value because of unused assets, profitability is the main element that increases company value. However, institutional ownership has not yet been able to significantly raise the value of a company.
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