PENGARUH LIKUIDITAS, STRUKTUR MODAL DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN INDUSTRI OTOMOTIF

Abstract

This research aimed to examine and analyze the effect of liquidity, capital structure and profitability on the firm value. All of the variables were referred to current ratio, debt equity ratio, return on equity and price book value. While, the population was automotive companies which were listed on Indonesia Stock Exchange 2012-2017. Moreover, the data collection technique used purposive sampling. In line with, there were samples from 13 companies. Furthermore, the data were in the form of financial statement, with statistical and multiple linear regression analysis. Based on the results of classical assumption test, and autocorrelation test, it concluded all variables did not violate the condition that had been determined. Meanwhile, the results og proper test model through the f test, it concluded the regreression model was worth taking. The results of hypothesis testing concluded liquidity and capital structure had negative and significant effect on the firm value. On the other hand,profitability had positive and significant effect on the firm value.

Keywords: Liquidity, Capital Structure, Profitability, Firm Value