https://internationalpublisher.id/journal/index.php/Lejea <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> en-US lejeajournal@gmail.com (Herfit Rahmanto) nejeshjournal@gmail.com (Herfit Rahmanto ) Sun, 30 Nov 2025 00:00:00 +0700 OJS 3.3.0.10 http://blogs.law.harvard.edu/tech/rss 60 https://internationalpublisher.id/journal/index.php/Lejea/article/view/380 <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> Daariin Dewi Nabiilah, Nur Imroatus Sholikah, Adinda Nibros Zahira Fasya, Maria Yovita R Pandin Copyright (c) 2025 Lead Journal of Economy and Administration https://internationalpublisher.id/journal/index.php/Lejea/article/view/380 Sat, 20 Dec 2025 00:00:00 +0700