PENGARUH PERTUMBUHAN PERUSAHAAN, PROFITABILITAS DAN LEVERAGE TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of firm growth, profitability and leverage on firm value of Property and
Real Estate companie which were listed on Indonesia Stock Exchange. While, the population was all (56) Property
and Real Estate companies which were listed on Indonesia Stock Exchange during 2016-2018. Moreover, the data
collection technique used purposive sampling, in which the sampe was based on criteria given. In line with, there
were 14 Property and Real Estate companies which were listed on Indonesia Stock Exchange, as sample with 42
observations. Thus, the total data was 42. Furthermore, the data analysis technique used multiple linear regression.
The research result concluded profitability and leverage affected firm value. This meant, the higher the value of
profitability and leverage, the higher the firm value would be. On the other hand, firm growth did not affect firm
value. On the other hand, the faster the firm growth, the lower the firm value would be. This was due to poor
company’s management would discourage the investors to reinvest their stock.
Keywords: firm growth, profitability, leverage, firm value