https://jurnal-mnj.stiekasihbangsa.ac.id/index.php/KBIJMAF/issue/feed 2025-10-15T08:50:31+07:00 Tanti Sugiarti LPPM@stiekasihbangsa.ac.id Open Journal Systems <p style="text-align: justify;"><strong> <strong>International Journal of Management, Accounting &amp; Finance (KBIJMAF)</strong><span style="font-weight: 400;"> is a peer-reviewed international journal published by STIE Kasih Bangsa Institute of Research and Community Services/Lembaga Penelitian dan Pengabdian kepada Masyarakat. The journal disseminates contemporary research, prominent theories, and exemplary practices in the fields of management, accounting, and finance from a global perspective. Encompassing a wide-ranging scope, the journal features articles addressing diverse topics, including but not limited to strategic management, financial accounting, risk management, investment analysis, and corporate finance. Additionally, the journal presents interdisciplinary research which synthesizes management, accounting, and finance concepts with other disciplines, such as economics, psychology, and sociology. This publication is issued quarterly in <strong>January, April, July, and October.</strong></span></strong></p> https://jurnal-mnj.stiekasihbangsa.ac.id/index.php/KBIJMAF/article/view/366 2025-10-11T08:22:47+07:00 Amri Amrulloh amri@pnm.ac.id Halleina Rejeki Putri Hartono halleina@pnm.ac.id Yopie Diondy Kurniawan yopie86@pnm.ac.id Nyimas Mahani Almasah yopie86@pnm.ac.id

<p><em>This study aims to analyze the effect of financial performance on firm value in transportation sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. The research uses a quantitative approach with a causal associative method, employing secondary data obtained from annual financial statements and capital market databases. Financial performance is measured using three indicators—Net Profit Margin (NPM), Return on Assets (ROA), and Return on Equity (ROE)—while firm value is measured using Earnings Per Share (EPS) and Price to Book Value (PBV). Data analysis is conducted using the Structural Equation Modeling (SEM) approach based on Partial Least Squares (SmartPLS). The results show that financial performance has a positive and significant effect on firm value, as indicated by a path coefficient of 0.8622, a t-statistic of 31.2125, and a p-value of 0.000. These findings imply that the better a company’s financial performance, the higher its firm value. The results also support the Signaling Theory, which explains that strong financial performance serves as a positive signal to investors about a company’s future prospects. The study highlights the strategic importance of profitability improvement, cost efficiency, and transparency in financial reporting to enhance firm value and strengthen investor confidence, especially in the transportation sector that plays a crucial role in post-pandemic economic recovery.</em></p>

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