PENGARUH STRUKTUR MODAL, PROFITABILITAS DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of capital structure, profitability and liquidity which were referred to Debt to Equity Ratio, Return on Equity, and Current Ratio on the firm value (Price to Book Value) or retailer companies which were listed on Indonesia Stock Exchange. The research was quantitative with casual-comparative as it approach. While, the population was 23 retailer companies which were listed on Indonesia Stock Exchange 2013-2017. Moreover, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 8 retailer companies as sample. Furthermore, the data analysis technique used multiple linear regression with SPSS (Statistical Product and Service Solutiond) 25. In addition, the data was taken from official website of Indonesia Stock Exchange (www.idx.co.id). The research result concluded the capital structure had positive and significant effect on the firm value. Likewise, the profitability had positive and significant effect on the firm value. On the other hand, liquidity had negative and insignificant effect on the firm value.
keywords: capital structure, profitability, liquidity, firm value