PENGARUH PROFITABILITAS, LIKUIDITAS, DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN

Abstract

This research examined the effect of profitability, liquidity, and capital structure on the firm value. Furthermore,
profitability was measured by Return On Asset, liquidity was measured by Current Ratio, and capital structure
was measured by Debt to Equity Ratio. The firm value was measured by Price Book Value. The research was
quantitative. Moreover, the population was Coal sub- sector Mining companies listed on the Indonesia Stock
Exchange (IDX). The data collection technique used purposive sampling, in which the sample was based on the
criteria given. In line with that, there were 18 samples of Coal sub-sector Mining companies. Additionally, the
data were taken for 4 years (2020-2023). In total, 72 data samples were analyzed. The data analysis technique used
multiple linear regressions with the SPSS (Statistical Product and Service Solution) program. The result showed
that all independent variables i.e., profitability, liquidity, and capital structure had a positive and significant effect
on the firm value.