PENGARUH LIKUIDITAS, LEVERAGE, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PERTAMBANGAN DI BEI

Abstract

The firm value has an important role in company development. It could be seen from company high value of growth. The higher the firm value the more prosperity the stakeholders would have. While, the problem stated whether the liquidity, leverage, and profitability had affected the firm value of milling company. Furthermore, there were 24 milling companies which were listed on Indonesia Stock Exchange. This research aimed to find out the effect of liquidity, leverage, and profitability on the firm value of milling company. Moreover, the data collection technique used purposive sampling. In line with, there were 7 milling companies as sample. The research result concluded liquidity had positive but insignificant effect on the firm value. It meant, the company had not been able to fulfill its short term liabilities by its current assets. Meanwhile, leverage had negative and significant effect on the firm value. In other words, debt was able to increase the firm value. However, if debt was increased continuely, it would give negative effect on the firm value.
Keywords: liquidity, leverage, profitability, firm value.