PENGARUH KINERJA KEUANGAN DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BEI

Abstract

This research aimed to analyze and find out the effect of financial performance and firm size. The
financial performance measured with profitability ratio (ROA), liquidity (CR), solvability (DER), and firm
size with Total Assets. Moreover, the research object used pharmaceutical companies listed on
Indonesia Stock Exchange (IDX) in the 2016-2020 period.This research was quantitative, it also used
all the population members of 9 pharmaceutical companies listed on IDX. Meanwhile, the criteria were
determined with 7 pharmaceutical companies listed with purposive sampling technique. In addition,
this research used multiple regressions analysis methods, classic assumption test, coefficient test (R 2 ),
F test, and t-test managed by the SPSS program.The research result showed that Return On Assets
(ROA) had a positive and significant effect on the firm value, Current Ratio (CR), and Debt to Equity
Ratio (DER) had a negative and insignificant effect on the firm value. On the other hand, firm size (SIZE)
had a positive but insignificant effect on the firm value (PBV).