PENGARUH UKURAN PERUSAHAAN, SOLVABILITAS, DAN RENTABILITAS TERHADAP NILAI PERUSAHAAN SEKTOR TOBACCO YANG TERDAFTAR DI BEI

Abstract

This research was quantitative. This research aimed to find out, and examine the effect of firm size (size), solvability (Debt to Equity Ratio), and rentability (Return On Equity) on the firm value of the Tobacco companies listed on the Indonesia Stock Exchange (IDX) 2014-2021. The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 4 companies that fulfilled the determined criteria. Moreover, the data were secondary from several populations and were taken from companies’ financial statements. The data analysis technique used secondary data. Furthermore, the data analysis technique used multiple linear regression with SPSS 25 version. The hypothesis test (t-test) indicated that firm size (size) had a positive but insignificant effect on the firm value. On the other hand, both solvability (Debt to Equity Ratio) and rentability (return on equity) had a positive and significant effect on the firm value. Additionally, the determination coefficient result (R Square) showed 0.585. It meant the effect of size, Debt to Equity Ratio, and Return On Equity on the firm value was 58.5%. While the rest of 41.5% were affected by other variables outside this research.