PENGARUH KEBIJAKAN HUTANG, PROFITABILITAS, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of debt policy, profitability, and liquidity on firm value. The debt policy was measured by Debt toEquity Rasio (DER), profitability was measured by Return On Aset (ROA), liquidity was measured by Current Rasio (CR), independent variable namely firm value was measured by Price to Book Value (PBV). The research was quantitative. Moreover, the population was banking companies that were listed on Indonesia Stock Exchange (IDX)during 2016-2020. The data collection technique used purposive sampling. In line with that, there were 60 observations of finansial statements from 12 companies. Furthermore, the data analysis technique used multiple regression analysis. The research result that Retur non Aset (ROA) had a positive effect on the firm value of banking companies that were listed on IDX. On the other hand, Debt to Equity Rasio (DER) as well as Current Rasio (CR) did not affect the firm value of banking companies that were listed on IDX.