PENGARUH PROFITABILITAS, LIKUIDITAS, DAN KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of profitability, liquidity, and investment decisions on the firm value of Mining companies listed on the Indonesia Stock Exchange (IDX) during 2018-2022. The financial ratio was measured by Return On Asset (ROA) for profitability, Current Ratio (CR) for liquidity, and Price Earnings Ratio (PER) for investment decisions. Moreover, Price to Book Value (PBV) did measure the firm value. The research was quantitative. The population was Mining companies listed on IDX during 2018- 2022. Moreover, the data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 14 companies fulfilled the criteria as the sample for 5 years (2018-2022). In total, 70 data samples were analyzed. Furthermore, the data analysis technique used multiple linear regression with the SPSS 26 version. The result showed both profitability (ROA) and investment decisions (PER) had a positive effect on firm value. However, liquidity (CR) did not affect firm value. Additionally, the effect of independent variables on dependent variables wasabout 53%.