PENGARUH KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN INDUSTRI OTOMOTIF

Abstract

This research aimed to examine and analyze the effect of current ratio, debt to equity ratio, and return on total asset on the firm value on automotive companies which were listed on Indonesia. This research was quantitative. Moreover, the data collection technique used purposive sampling. In line with, there were 5 automotive companies as sample. Furthermore, the data were in the form of financial statement as sample which were listed on the Indonesia Stock Exchange 2012-2017. In addition, the data analysis technique used statistics and multiple linear regressions analysis. The result of hypothesis test concluded current ratio had negative and significant on the firm value. Besides, debt to equity ratio had negative but insignificant effect on the firm value. On the other hand, return on total asset had positive and significant effect on the firm value. Suggestions to be taken into consideration in the automotive industry companies in the Indonesia Stock Exchange and also for future researchers are expected to obtain better results. The company must show the company's performance by paying attention to the level of Current Ratio and Return On Total Assets and other ratios well in order to gain investor confidence.

Keyword : Current Ratio, Debt to Equity Ratio, Return On Total Asset, Firm Value.