PENGARUH KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aimed to examine the effect of financial performance on the firm value. Within financial performance, there were liquidity which was measured by the Current Ratio, and profitability which was measured by Return On Assets. While the firm was value measured by price to book value. The research was quantitative. Furthermore, the population was transportation companies listed on the Indonesia Stock Exchange. The data collection technique used purposive sampling, in which the sample was based on determined criteria. In line with that, there were 10 transportation companies as the sample. Moreover, the data were observed from 2017 until 2021. In total, there were 50 observation data samples. Additionally, the data analysis technique used multiple linear regression with SPSS 26. The result showed that liquidity had a positive effect on the firm value. It meant that when liquidity increased, the firm value would increase also and vice versa. If the liquidity decreased, the firm value would decrease as well. On the other hand, profitability did not affect the firm value.