PENGARUH SOLVABILITAS, LIKUIDITAS DAN KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN

Abstract

This research examines and analyzes the effect of solvability, liquidity, and investment decisions on the firm value of companies listed on the Indonesia Stock Exchange (IDX) during 2022-2023. The solvability was measured by Debt to Equity Ratio (DER), liquidity was measured by Current Ratio (CR), and investment decisions was measured by Price Earnings Ratio (PER). Meanwhile, the firm value was calculated by Price to Book Value (PBV). The research applies quantitatively. Furthermore, the data were secondary, in the form of companies’ financial statements. The data collection technique used was purposive sampling, in which the sample was based on the criteria given. In line with that, 74 Property and Real Estate companies were listed on IDX as samples. Moreover, there were 148 data observations of financial statements during 2022-2023. The data analysis technique used was multiple regression with SPSS. The result concludes that solvability does not affect firm value. Likewise, liquidity does not affect firm value. In contrast, investment decisions affect firm value.