PENGARUH LIKUIDITAS, PROFITABILITAS DAN LAVERAGE TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of liquidity (CR), profitability (ROA), and leverage (DER), on the firm
value (PBV) at construction companies listed on The Indonesia Stock Exchange (IDX). The research population
used construction companies listed on The Indonesia Stock Exchange (IDX) in the 2017-2020 (4 years). The
research sample selection obtained 18 companies from the whole data was 72. The research independent variable
used liquidity, profitability, and leverage meanwhile the dependent variable used firm value. Moreover, this
research was a quantitative approach. The research analysis method used multiple linear regressions analysis
methods with the SPSS program. The research analysis concluded that liquidity had a positive effect on the firm
value of construction companies where the higher the liquidity, profitability had a positive effect on the firm value
of construction, and leverage had a positive effect on the firm value of construction company, the higher the level
of debt owned by the company, the better the company so that the level of investor confidence in returning shares
is greater.