PENGARUH PROFITABILITAS, STRUKTUR MODAL, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to find out the effect of profitability, dividend policy, and debts policy on the firm value of some companies which part of index LQ-45 and were listed on Indonesia Stock Exchange 2015-2018. The population was 45 companies which were listed on LQ-45. While, the data used secondary, which were taken from the Indonesia Stock Exchange for four years (2015-2018). Moreover, the data collection technigue used purposive sampling in which the sample was based on criteria given. In line with, there were 10 campanies as sample. Furtheremore, the data analysis technique used multiple linier regression with SPSS 25 in order to examine the effect of profitability, captital structure, and liquidity on the firm value. The research result, form hypotesis test, concluded profitabilitiy which was referred to Return on Equity (ROE) had significant effect on the firm value. On the other hand, capital structure which was referred to Debt t0 Equity Ratio (DER) and liquidity which was referred to Current Ratio (CR) had insignificant effect on the firm value
Keywords : profitability, captital structure, liquidity, firm value