PENGARUH PROFITABILITAS, KEBIJAKAN HUTANG DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of profitability, firm size, and debt policy on firm value. Profitability was measured by ROA (Return On Asset), debt policy was measured by DER (Debt Equity Ratio), firm size was measured by Ln Total Asset, and firm value was measured by PBV (Price to Book Value). The research was quantitative. Moreover, the population was Food and Beverage companies listed on the Indonesia Stock Exchange (IDX). The data collection technique used purposive sampling. In line with that, there were 68 data samples taken during 4 years during 2018-2021. Furthermore, the data were secondary in the form of financial statements. The data analysis technique used multiple linear regression with SPSS (Statistical Product and Service Solution) 25 version. The result showed that profitability had a positive effect on firm value. Likewise, debt policy had a positive effect on firm value. However, firm size had a negative effect on firm value. In short, firm value which was seen from stock price value, proved to be affected by profitability, debt policy, and firm size.