Pengaruh Intellectual Capital, Return on Equity, dan Debt to Asset Ratio terhadap Nilai Perusahaan Subsektor Telekomunikasi Tahun 2019–2024

Penelitian ini bertujuan untuk menganalisis pengaruh Intellectual Capital (IC), Return on Equity (ROE), dan Debt to Asset Ratio (DAR) terhadap Price to Book Value (PBV) pada perusahaan subsektor telekomunikasi yang terdaftar di Bursa Efek Indonesia periode 2019–2024. Penelitian menggunakan pendekatan kuantitatif dengan regresi data panel. Sampel terdiri dari 14 perusahaan dengan 84 data observasi yang dipilih melalui purposive sampling. Analisis dilakukan menggunakan EViews 12. Hasil penelitian menunjukkan bahwa IC dan ROE tidak berpengaruh signifikan terhadap PBV, sedangkan DAR berpengaruh negatif dan signifikan terhadap PBV. Secara simultan, IC, ROE, dan DAR berpengaruh signifikan terhadap PBV. Nilai R-squared sebesar 0,094060 menunjukkan bahwa 9,41% variasi PBV dapat dijelaskan oleh variabel dalam penelitian, sedangkan 90,59% dijelaskan oleh faktor lain di luar model.

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This study aimed to analyze the influence of Intellectual Capital (IC), Return on Equity (ROE), and Debt to Asset Ratio (DAR) on the Price to Book Value (PBV) of telecommunications sub-sector companies listed on the Indonesia Stock Exchange during the 2019–2024 period. The study employed a quantitative approach using panel data regression. The sample consisted of 14 companies, yielding 84 observations selected through purposive sampling. Analysis was conducted using EViews 12. The results indicated that IC and ROE do not have a significant effect on PBV, whereas DAR has a significant negative effect on PBV. Simultaneously, IC, ROE, and DAR have a significant effect on PBV. The R-squared value of 0.094060 indicated that 9.41% of the variation in PBV can be explained by the variables in the study, while 90.59% is explained by factors outside the model.