PENGARUH PROFITABILITAS, LEVERAGE, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN PROPERTI DAN REAL ESTATE

Abstract

The research aimed to examine profitability, leverage, and liquidity on the firm value. Profitability was a proxy with Return On Equity (ROE), leverage was a proxy with Debt to Equity Ratio (DER), liquidity was a proxy with Current Ratio (CR), and firm value was a proxy with Price Book Value (PBV). The research was quantitative. Furthermore, it focused on the hypothesis test with the mathematics and statistics formula. The data collection technique used purposive sampling with secondary data. In line with that, there were 20 Property and Real Estate companies listed on the Indonesia Stock Exchange (IDX); as the sample with 60 samples observations during 3 years (2019-2021). Moreover, the data analysis technique used descriptive statistics and multiple linear regression analysis with SPSS (Statistical Product and Services Solutions) 26 version. The result concluded that profitability had a positive effect on the firm value. On the other hand, both leverage and liquidity did not positively affect the firm value.