PENGARUH LIKUIDITAS, LEVERAGE DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PADA SUB SEKTOR SEMEN YANG TERDAFTAR DI BEI

Abstract

This research aimed to examine the effect of liquidity, which was measured by Current Ratio, leverage which was measured by Debt to Equity Ratio, and profitability which was measured by Return On Asset on the firm value, which as measured by Price to Book Value of sub sector cement companies which were listed on Indonesia Stock Exchange 2009-2018. While, the research was quantitative. Moreover, the population was 6 sub sector cement companies which were listed on Indonesia Stock Exchange. Furthermore, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 3 companies as sample. In addition, the data analysis techniques used multiple linear regression with SPSS 21. Based on the result of SPSS, it showed all variables were fulfilled with assumption. Additionally, the regression model was properly used in this research. Meanwhile, the result of hypothesis test concluded liquidity (CR) and leverage (DER) had positive but insignificant effect on the firm value. On the other had, profitability (ROA) had positive and significant on the firm value.
Keywoards: liquidity, leverage, profitability, firm value