PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN, DAN LEVERAGE TERHADAP NILAI PERUSAHAAN (STUDI PERUSAHAAN PERKEBUNAN DI BEI)

  • Nadia Farah Tsabita
  • Yahya

Abstract

Firm value has important roles for stakeholders or investors since a higher firm value will affect its bigger
stakeholders’ prosperity. Therefore, this research aimed to analyze the effect of profitability (ROE), firm size
(Size), and leverage (DER) on firm value (PBV). The research was quantitative. Moreover, the data collection
technique used purposive sampling, in which the sample was based on criteria given. In line with that, there
were 13 samples from 19 plantation companies which were listed on Indonesia Stock Exchange during 2016-
2020. Furthermore, the data analysis technique used multiple linear regression with SPSS 26. Based on the
result of determination coefficient test, it proved that profitability (ROE), firm size, and leverage (DER) could
affect firm value for about 0.773 or 77.3%. Meanwhile, the rest of 23.7% could be explained by other variables
outside the research. In addition, the hypothesis test result (t-test) concluded Profitability (ROE) had a positive
and significant effect on firm value. On the other hand, firm size had a negative and insignificant effect on firm
value. In contrast, Leverage (DER) had a positive and significant effect on firm value.

Published
2022-06-09