PENGARUH KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN OTOMOTIF YANG TERDAFTAR DI BEI

Abstract

This research aims to find out the effect of financial performance on the firm value of the automotive companies listed on the IDX. Furthemore, financial performance in this research consists of profitability proxied by return on assets (ROA), liquidity proxied by the current ratio (CR) and leverage proxied by the debt to equity ratio (DER) and variable firm value proxied by price book value (PBV). Population in this research used automotive companies listed on the IDX during 2017-2021. Moreover, the sampling technique used purposive sampling therefore it obtained 9 samples. The data source used is secondary. the analysis technique used multiple liniear regression analysis. The results of the examination showed that return on assets (ROA) had a positive and significant effect on firm value of the automotive companies listed on the IDX, while current ratio (CR) had a significant effect on firm value of the automotive companies listed on the IDX and debt to equity ratio (DER) had a positive and significant effect on firm value of the automotive companies listed on the IDX during 2017-2021. Moreover, R Square value indicated that ROA , CR, DER have an influence of 55.6% on firm value and the remaining 44.4% is influenced by other variables.