An Examination of Determinants Influencing Company Value of Listed on the ISSI

Abstrak

In the last five years, the investment sector has experienced significant positive growth. This trend reflects the increasing public awareness of the importance of investing. However, in the business world, investors are required to be able to analyze companies in order to reduce potential risks in the future. One way to do this is by analyzing the value of a company. This study was conducted with the aim of examining how corporate social responsibility (CSR), capital structure, company size, and company age can affect company value, reviewed partially and as a whole, with inflation and exchange rates as control variables. The methodology used in this research relies on a quantitative approach with documentation, and using purposive sampling techniques. This study uses a panel data regression model with unbalanced data, collected from 31 consumer non-cyclicals companies listed on the Indonesian Sharia Stock Index (ISSI), with a total of 155 observations. Research findings indicate that, individually, only company size can positively and significantly influence company value. Meanwhile, macroeconomic factors such as inflation and exchange rates, as control variables, don’t contribute significantly. However, when viewed collectively, all independent and control variables are indicated to contribute positively and significantly to a company's value.