PENGARUH PROFITABILITAS, LEVERAGE, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN(PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BEI)

Abstract

The growth of pharmacy companies in Indonesia indicates its economy development. Therefore, some insvestor are interested to invest their money on those kinds of companies. While, this research aimed to find out the effect of profitability, leverage, and liquidity on the firm value of pharmacy companies which were listed on Indonesia stock exchange 2014 – 2018. Besides, the population was 10 pharmacy companies which were listed on Indonesia stock exchange.The research was qualitative. Moreover, the data collection technique used purposive sampling, in which the sample wes based on criteria given. In line whit, there were 6 companies as sample. Furthermore, the data analysis technique used multiple linier regression whit SPSS 20, in order to exanmine the effect of profitability, leverage, and liquidity on the firm value. From the hypothesis test, it concluded profitability which was referred to Return On Equity (ROE) had insignificant effect on the firm value with its significance value of 0.661. Likewise, Leverage which was refffered to Debt to Equity Ratio (DER) had significant effect on the firm value whit its significance value of 0.021. On the other hand, liquidity which was referred to Current Ratio (CR) had significant effect on the firm value whit its significance value of 0.013
keywords: profitability, leverage, liquadity, value