Pengaruh Investment Opportunity Set, Capital Expenditure, dan Islamic Social Reporting Terhadap Nilai Perusahaan Pada Perusahaan yang Terdaftar di Jakarta Islamic Index Tahun 2020-2024

Authors

  • Sigit Trianto Universitas Islam Negeri Raden Intan Lampung, Indonesia
  • Dinda Fali Rifan Universitas Islam Negeri Raden Intan Lampung, Indonesia
  • Weny Rosilawaty Universitas Islam Negeri Raden Intan Lampung, Indonesia

DOI:

https://doi.org/10.59548/je.v4i2.849

Keywords:

Firm Value, Investment Opportunity Set, Islamic Social Reporting

Abstract

Companies listed on the Jakarta Islamic Index are expected to reflect Sharia principles in their operations, but whether this is rewarded by the market through higher firm value remains an open question. This study analyzes the effect of Investment Opportunity Set (IOS), Capital Expenditure (CapEx), and Islamic Social Reporting (ISR) on firm value in JII-listed companies during 2020-2024. Using a quantitative causal design, secondary data were taken from annual reports, financial statements, sustainability reports, and market data. Purposive sampling produced 11 companies and 55 balanced panel observations, analyzed with panel-data regression in EViews 10. The Chow and Hausman tests indicated the fixed effect model as most appropriate. Results show that IOS and CapEx positively and significantly affect firm value, while ISR has no significant partial effect. Simultaneously, however, the three variables significantly influence firm value. This suggests investors respond more to growth opportunities and investment decisions than to social disclosure, which functions only as supporting information.

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Published

2026-10-13

How to Cite

Trianto, S., Rifan, D. F., & Rosilawaty, W. (2026). Pengaruh Investment Opportunity Set, Capital Expenditure, dan Islamic Social Reporting Terhadap Nilai Perusahaan Pada Perusahaan yang Terdaftar di Jakarta Islamic Index Tahun 2020-2024. Jurnal Ekshis, 4(2), 125–144. https://doi.org/10.59548/je.v4i2.849

Issue

Vol. 4 No. 2 (2026): Jurnal Ekonomi, Syariah dan Studi Islam (Mei-Oktober)

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