PENGARUH LIKUIDITAS, PROFITABILITAS DAN LEVERAGE, 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 the Food and Beverage companies listed on the Indonesia Stock Exchange (IDX).The research was quantitative. The data analysis technique used multiple linear regression with SPSS 25.The population was Food and Beverage companies listed on the Indonesia Stock Exchange (IDX) 2017-2021. Moreover, there were 13 companies as the sample during 5 years of observation. In total, there were 65 data samples. The independent variables were liquidity, profitability, and leverage. While the dependent variable was firm value.The result showed that liquidity (CR) did not have a positive effect on the firm value. It could be seen from the companies’ ability to generate cash only based on information related to their cash flow. Therefore, it was necessary to evaluate the company's ability to obtain cash in its acquisitions. However, profitability (ROA) had a positive effect on the firm value. This meant companies’ ability to manage their assets could be well carried out so that they could increase profits by managing the assets owned by the company. Likewise, leverage (DER) had positively affected the firm value as the capital was obtained and well managed. As consequence, the companies would take some big advantages.