PENGARUH KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN ASURANSI YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aimed to examine the effect of financial performance on the firm value at the insurance company listed on the Indonesia (IDX) 2017-2021. Furthermore, the financial performance was measured by three components which were profitability was proxy with Return On Assets (ROA), liquidity was proxy with Current Ratio (CR), and leverage was proxy with Debt to Asset Ratio (DAR). While firm value was measured by Price Book Value (PBV). The research was quantitative. The research sample taken by purposive sampling method i.e., a sample collection from a specified population based on determined criteria. Based on purposive sampling method it obtained 50 samples from 10 insurance listed on the Indonesia Stock Exchange during 2017 untul 2021 periods. Moreover, the research analysis method used multiple linier regression analysis with the program of Statistical Product and Service Solution (SPSS) 26. The result indicated that probability (ROA) and leverage (DAR) did not have any positive and significant effect on the firm value (PBV). Meanwhile, liquidity (CR) had a positive and significant effect on the firm value (PBV).