Determinants of Firm Value in the Telecommunications Sub-Sector: Evidence from the 2011–2021 Period

Abstract

ABSTRACT

This research aims to analyze the effect of return on assets and debt to equity ratio on firm value in telecommunications sub-sector companies on the Indonesia Stock Exchange. The research data uses secondary data, data collection techniques through library research and documentation from the official IDX website. The research sample consisted of 18 companies that met the specified criteria. This study uses multiple regression analysis to evaluate the effect of return on assets and debt to equity ratio variables on firm value. The results of this research show that return on assets and debt to equity ratio significantly affect firm value.