https://internationalpublisher.id/journal/index.php/Lejea/issue/feed 2025-12-06T08:51:45+07:00 Herfit Rahmanto lejeajournal@gmail.com Open Journal Systems <p>Lead Journal of Economy and Administration is a periodical scientific journal published based on scientific journal principles aimed at publishing scientific works resulting from research, development and literature studies in the field of economy and administration. Published in May, August, November and February every year. Manuscripts are sent anytime via online (Registration). Lead Journal of Economy and Administration is published by "International Publisher - YAPENBI" which is one of the divisions under the auspices of the "Indonesian Sustainable Education Development Foundation (YAPENBI)".</p> <p>Average article action:<br /><strong>1-2 Days for First Editorial Decision<br />3-15 Days for Review Process</strong><br /><strong>16-30 Days for acceptance</strong><br /><strong>15% Turnitin Maximum</strong></p> <p>ISSN Number : 2961-8177</p> https://internationalpublisher.id/journal/index.php/Lejea/article/view/380 2025-12-06T08:51:45+07:00 Daariin Dewi Nabiilah 1222300042@surel.untag-sby.ac.id Nur Imroatus Sholikah Sholikah123@proton.me Adinda Nibros Zahira Fasya Fasya123@proton.me Maria Yovita R Pandin Pandin123@proton.me

<p><span style="font-weight: 400;">The value of manufacturing companies listed on the Indonesia Stock Exchange was examined in this study in relation to capital structure, dividend policy, and stock liquidity. Price to Book Value (PBV), a quantitative technique based on secondary data from 2024, was employed to calculate the company's worth, and analyzed through multiple linear regression using SPSS 27. This study showed that partially, The company's worth was not considerably impacted by its capital structure; only stock liquidity and dividend policy did. Meanwhile , simultaneous test results showed that all three variables simultaneously influenced company value. The model's capacity to describe different firm values was demonstrated by the coefficient of determination was relatively low, so that the majority of changes in company value were caused by other elements outside the study, such as profitability, company size, and market conditions. This finding suggests that the internal variables studied are not yet the primary drivers in assessing the worth of Indonesian manufacturing firms.</span></p>

2025-12-20T00:00:00+07:00 Copyright (c) 2025 Lead Journal of Economy and Administration