PENGARUH PROFITABILITAS, LIKUIDITAS, UKURAN PERUSAHAAN, KEBIJAKAN DIVIDEN DAN KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to analyze the effect of profitability, liquidity, firm size, dividend policy, and investment decisions on the firm value of Mining companies listed on the Indonesia Stock Exchange (IDX) 2018-2022. The independent variables were profitability which was referred to as Return On Assets (ROA), liquidity referred to as Current Ratio (CR), firm size referred to as Ln Total Asset, dividend policy referred to as Total Assets Growth, and investment decisions referred to as Total Assets Growth. Moreover, the dependent variable was firm value which was referred to as Price to Book Value (PBV). The research was quantitative. The population was Mining companies listed on IDX. Furthermore, the data collection technique used purposive sampling with 11 samples, for 5 years. In total, there were 55 data samples. Additionally, the data analysis technique used multiple linear regression with SPSS 26. The result of the data analysis and hypothesis test concluded that profitability had a positive effect on PBV. However, liquidity as well as investment decisions did not effect on PBV. In contrast, firm size and dividend policy had a insignificant effect on PBV.