PENGARUH LIKUIDITAS, PROFITABILITAS DAN LIABILITAS TERHADAP NILAI PERUSAHAAN KONSTRUKSI BUMN YANG TERDAFTAR DI BEI

Abstract

This research aimed to find out and analyze the effect of liquidity (Current Ratio), profitability (Return On Asset), and liability (Debt to Equity Ratio) on the firm value of BUMN construction listed on the Indonesia Stock Exchange during 2014-2021. The data collection technique used saturated sampling. Moreover, the population was the sample, which consisted of 4 companies. The data were secondary, in the form of financial statements of BUMN construction companies. Furthermore, the data analysis technique used multiple linear regression with SPSS 26. The result of the hypothesis test (t-test) showed that liquidity (Current Ratio), profitability (Return On Asset), and liability (Debt to Equity Ratio) had a significantly positive effect on firm value. Additionally, the result of the determination coefficient (R Square) was 0.748. It showed the effect of liquidity (Current Ratio), profitability (Return On Asset), and liability (Debt to Equity Ratio) on a firm value of 74,8%. Meanwhile, the rest of the 25.2% was affected by other variables outside the research.