PENGARUH SOLVABILITAS, PROFITABILITAS, DAN AKTIVITAS TERHADAP NILAI PERUSAHAAN FARMASI YANG TERDAFTAR DI BEI

Abstract

The research aimed to analyze the effect of solvability, profitability and aktivity on the firm value of
pharmaceutical company which were listed on Indonesia stock exchange 2013-2017. While, solvability ratio was
measured by debt to asset, profitability was measured by return on asset and activity was measured by total
asset turnover moreover, the firm value was measured by price book to value. The data collection technique used
purposive samplimg, in which the sample was based on criteria given. In line with, there were 6 pharmaceutical
companies as sample with the financial statement which were listed on Indonesia stock exchange. While, the data
analysis technique used multiple linear regression with spss 25. The research result concluded solvability as well
as profitability had positive and significant effect on the firm value. On the other hand, activity had positive but
insignificant effect on the firm value. Moreover, from the result of coefficient determination of R Square test, it
contributed 73.4% while the rest of 26.6% was explained by other variables which were not conducted on this
research.
Keywords: solvabilitiy, profitability, activity, firm value.