PENGARUH STRUKTUR MODAL, LIKUIDITAS, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PADA SEKTOR PERTAMBANGAN BATUBARA YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2016–2020

Abstract

This research aimed to find out, analyze, and examine the effect of capital structure, liquidity,
and profitability on firm value of coal mining companies which were listed on Indonesia Stock
Exchange during 2016-2020. While independent variables were capital structure was
measured by Debt to Equity Ratio (DER), Liquidity which was measured by Current Ratio
(CR), and Profitability which was measured by Return On Equity (ROE). Meanwhile,
dependent variable was firm value which was measured by Price to Book Value (PBV). The
research was quantitative. Moreover, the data collection technique used purposive sampling,
in which from 25 coal mining companies; there were 7 companies which were listed on
Indonesia Stock Exchange fulfilled the criteria given. Furthermore, the data analysis
technique used multiple linear regression, classical assumption test, proper model test, and
hypothesis test with SPSS 25. In addition, from the test result, it concluded that both capital
structure and profitability had a significant effect on firm value. On the other hand, liquidity
had an insignificant effect on firm value.