PENGARUH LIKUIDITAS, SOLVABILITAS, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to observe the effect of liquidity, solvability, and dividend policy on the firm value in the Healthcare sector companies listed on the Indonesia Stock Exchange (IDX). While liquidity was measured by Current Ratio (CR), solvability was measured by Debt to Equity Ratio (DER), dividend policy was measured by Dividend Payout Ratio (DPR), and firm value was measured by Price to Book Value (PBV). Furthermore, the firm value was a related explanation of the company’s performance condition which had achieved and reflected the stock price. The population was Healthcare sector companies listed on IDX for 5 years (2018-2022). Moreover, the research was quantitative. The data collection technique used purposive sampling. In line with that, there were 13 companies as the sample during 5 years of observation. In total, there were 65 data samples. Furthermore, the data analysis technique used multiple linear regression analysis with the SPSS (Statistical Product and Service Solution). The result showed that liquidity had a positive effect on the firm value, On the other hand, solvability did not affect the firm value. Likewise, the dividend policy did not affect the firm value.