PENGARUH PERTUMBUHAN PERUSAHAAN, PROFITABILITAS DAN LEVERAGE TERHADAP NILAI PERUSAHAAN

Abstract

This study aims to test the impact of the company's growth, the profitability, and the leverage toward the firm value. The type of this study is quantitative. The population of this study are the property and real estate companies which are registered in Indonesia's Stock Exchange in 2017-2019. Based on the purposive sampling criteria, the study collects 25 companies with 75 company's observations. In this study, the company's growth is measured by the Growth, the profitability is measured by the ROA, and the leverage is measured by the DER, and the firm value is measured by the Tobins 'Q. The analysis of the study applies the multiple linear regression method. The result of the study shows that: (1) the company's growth does not impact the firm value, (2) The profitability does not impact the firm value since the companies have the profit, they do not share the profit to their investors, and they utilize the profit to develop their companies which make the investors stop to invest, (3) The Leverage gives positive impact to the firm value, it means the higher leverage, the higher firm value the companies will have.
Keywords: the company's growth, the profitability, the leverage, and the firm value