PENGARUH RASIO KEUANGAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN YANG TERGABUNG DALAM INDEKS LQ45 DI BURSA EFEK INDONESIA

Abstract

This research aimed to examine liquidity, solvability, activity, profitability, and market on the firm value. Liquidity
was measured by the Current Ratio, solvability was measured by Debt to Equity Ratio, activity was measured by
Total Asset Turnover, profitability was measured by Return On Asset, and the market was measured by the Earning
Per Share. While the firm value was measured by Tobin’s Q. Moreover, the research was quantitative. The
population was LQ-45 companies listed on the Indonesia Stock Exchange (IDX). The data collection technique
used purposive sampling, in which the sample was based on criteria given. In line with that, there were 34
companies as the sample. Furthermore, the data were taken for 4 years (2020-2023). In total, 136 data samples were
analysed. The data analysis technique used multiple linear regression with SPSS. The result showed that both
liquidity and solvability had a positive but insignificant effect on firm value. However, activity as well as
profitability had a positive and significant effect on firm value. In contrast, market had a negative and significant
effect on firm value.