Nilai Perusahaan di Sektor Perbankan: Peran Permodalan, Ukuran Perusahaan, dan Kepemilikan Institusional
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Abstract
The primary objective of this research is to evaluate how capitalization, firm size, and institutional ownership influence firm value. The scope of this investigation encompasses banking corporations listed on the Indonesia Stock Exchange (IDX) spanning from 2020 to 2024. Utilizing a quantitative approach alongside a purposive sampling technique, the study finalized a sample consisting of 30 banks, which yielded 150 observations. Data processing was executed through EViews 12, applying panel data regression analysis where the Fixed Effect Model (FEM) emerged as the optimal estimation method. The empirical findings reveal that capitalization, represented by the Capital Adequacy Ratio (CAR), exerts a significant negative effect on the firm value. In a similar vein, firm size also negatively and significantly impacts corporate valuation. Conversely, the proportion of institutional ownership demonstrates a significant and positive effect on firm value. Ultimately, this research implies that hoarding capital without productive distribution and expanding asset scale without operational efficiency will harm market valuation; however, the presence of institutional investors is vital in elevating governance standards and preserving market confidence.
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