PENGARUH LIKUIDITAS, PROFITABILITAS DAN LEVERAGE TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of liquidity which was measured by current ratio, profitability which was measured by return on asset and return on equity, leverage which was measured by debt to equity ratio on firm value which was measured by price book value. While, the population was manufacturing companies which were listed on Indonesia Stock Exchange (IDX) 2016-2018 period. The research was correlational-quantitative research. Moreover, the data were secondary which taken from database of Indonesia Stock Exchange Investment Gallery. Furthermore, the data collection technique used purposive sampling. In line with, there were 117 observations in 39 companies during 3 years. In addition, the data analysis technique used multiple linear regression with SPSS (Statistical Product and Services Solutions)23.0. The research result concluded current ratio did not effect firm value. In contrast, return on asset had positive effect on firm value. Likewise, return on equity had positive effect on In brief, dividend policy, debt policy and profitability had collectively affected firm value.
Keywords: current ratio, return on asset, return on equity, debt to equity ratio, firm value