PENGARUH PROFITABILITAS, LIKUIDITAS, DAN KEBIJAKAN HUTANG TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI (2015-2017)

Abstract

The firm value can reflect the assets value which the company had. Many companies are competiting not only to
achieve their main goal of maximizing profits but to increase the value of their company. When the firm value
had been increased, the investors would be interested to invest their funds. While, the research aimed to examine
the effect of probability, liquidity, and debts policy on the firm value in manufacturing companies that listed on
the Indonesia Stock Exchange (IDX) 2015-2017. This, research was quantitative. Moreover, the sampling
collection technique used purpisove sampling in which there were 40 companies, in three years, as sample based
on the criteria given Furthermore, there were 120 observations. In addition, the data analysis technique used
multiple regression analysis with SPSS (Statistical Product and Service Solution). Based on the research result,
it concluded the profitability had insignificant effect on the firm value. On the other hand, liquidity had
significamt effect on the firm value. Likewise, liquidity debts policy had significant effect on the firm value.
Keywords :Profitability, Likuidity, Debts Policy, and Firm Value.