Firm Value in The Mining Sector: The Role of Information Technology Investment and Corporate Innovation

Ni Made Deni Keristina; Desak Nyoman Sri Werastuti; Anantawikrama Tungga Atmadja; Putu Sukma Kurniawan; I Made Pradana Adiputra

doi:10.55927/eajmr.v5i7.180

Authors

Ni Made Deni Keristina Universitas Pendidikan Ganesha
Desak Nyoman Sri Werastuti Universitas Pendidikan Ganesha
Anantawikrama Tungga Atmadja Universitas Pendidikan Ganesha
Putu Sukma Kurniawan Universitas Pendidikan Ganesha
I Made Pradana Adiputra Universitas Pendidikan Ganesha

DOI:

https://doi.org/10.55927/eajmr.v5i7.180

Keywords:

firm value, IT investment, corporate innovation

Abstract

This study aims to examine the influence of information technology investment and corporate innovation on firm value among mining companies listed on the Indonesia Stock Exchange during the 2019–2023 period. The research population consists of 76 mining companies; however, based on specific criteria using a purposive sampling technique, only 9 companies qualified as the sample with a five-year observation period. Consequently, a total of 45 annual reports were examined. The data were obtained through a documentation technique using secondary sources, including annual reports, sustainability reports, and other official corporate publications. Furthermore, the data were analyzed using multiple linear regression with the support of SPSS software to evaluate both the simultaneous and partial effects of the research variables. The findings reveal that information technology investment and corporate innovation have a positive and significant contribution to enhancing firm value within the mining sector. These findings suggest that the adoption of technology, improvement of business processes, and development of innovation not only increase operational efficiency but also send strong positive signals to investors regarding the company’s long-term growth prospects.

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