PENGARUH STRUKTUR MODAL, LIKUIDITAS, PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

This research examined the effect of capital structure, liquidity, profitability, and firm size on the firm value. The research was quantitative. Furthermore, the population was pharmaceutical companies listed on the Indonesia Stock Exchange (IDX). The data collection technique used purposive sampling. In line with that, there were 13 pharmaceutical companies selected as a research sample. Moreover, the data were taken for 5 years (2018-2022). In total, there were 65 processed data samples. Additionally, the data analysis technique used statistical analysis such as descriptive analysis, classical assumption test, multiple linear regression, determination coefficient, and hypothesis test to identify the correlation among the variables and the effect on the firm value; with the instrument of the SPSS program. The result indicated that the Debt Equity Ratio (DER) did not affect the firm value. Similarly, the Current Ratio (CR) did not affect the firm value. In addition, Return On Asset (ROA) had affected the firm value. However, firm size did not affect the firm value.