PENGARUH PROFITABILITAS, LEVERAGE DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN RITEL YANG TERDAFTAR DI BEI

Abstract

This research aimed to find out profitability,leverage, and liquidity on the retail companies which were listed on Indonesia Stock Exchange 2014-2018. While, profitability was reffered to Return On Equity, leverage was referred to Debt to Equity Ratio, and liquidity was reffered to Current Ratio. Moreover, the research was causal comparative, in which identified cause and effect relationshipof two variables or mre. Furthermore, the population was 23 retail companies which were listed on Indonesia Stock Exchange during 2014-2018 Additionally, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 7 companies as sample. In addition, the data analysis technique used multiple linear regression with SPSS 21. Meanwhile, the research result concluded profitability (ROE) had positive and significant effect on the firm value. It meant, as the company’s profit increased, the firm value increased also. Likewise, leverage (DER) had positive and significant effect on the firm value. In other words, the debt managemet which apply optimally would give benefit to the company. In addition, liquidity (CR) had positive and significant effect on the firm value. It meant, since the company’s current asset was fulfilled enough, its obligation became smooth also.
Keywords: profitability, leverage, liquidity, firm value