PENGARUH PROFITABILITAS RASIO AKTIVITAS DAN LEVERAGE TERHADAP NILAI PERUSAHAAN MANUFAKTUR DI BEI

Abstract

The objectives of the company is to achieve maximum profit or to make the stockholders prosperous and to maximize
the firm value. Firm value is very important because it reflects the performance of the company. The performance of
the company can be seen from the financial statement of the company. The financial statement analysis which is
commonly used is financial ratio analysis. This research is aimed to test the influence of profitability of activity ratio
and leverage to the firm value through annual financial statement which has been prepared by Telecommunication
manufacturing companies which are listed in Indonesia Stock Exchange. The population of this research has been
selected by using purposive sampling method on manufacturing companies which are listed in Indonesia Stock
Exchange (IDX) in 2011-2015 periods and based on the predetermined criteria, 5 samples of manufacturing
company have been selected as samples. The analysis method has been conducted by using multiple linear regressions
analysis and the application instrument the SPPS (Statistical Product and Services Solutions). The result of this
research shows that Activity ratio and Leverage has significant influence to the firm value whereas profitability does
not have any influence to the firm value.

Keywords: Profitability, Activity ratio, leverage, firm value.